Tuesday, December 30, 2014

Turkish Property Segment 2015 good or bad?

Turkish Property is still progressing and houses in Turkey are seen as affordable and tempting with tremendous investment in 2014 and that growth in sales of Turkish property is likely to remainin 2015
The Turkish Market seems set to progress in 2015

International real estate investors keep a close eye on a country's wider economic position, not just the state of its real estate market, especially in what are still unstable financial times for much of the world. This healthy and ever-increasing level of discover is sure to bolster property sales in Turkey. This news is especially substantive given that Spain has only just escaped a bailout, unlike its neighbours Portugal which succumbed, so decisions to invest internationally don't come lightly. As House Sales Turkey previously reported, the Russian overseas property magazine International Residence carried out a investigation at Moscows leading property show in March of this year. Given that The Turkish Ministry of Culture and Tourism has predicted as many as 1 million more Russian tourists will visit Turkey this year (when over 3 million Russian tourists travelled to Turkey last year), it could be that Russian vendees will bolster real estate in Turkey for some time. While the costs of property in Turkey have slowed in the past few years (just like in the rest of Europe), the market is still upbeat, in part due to criteria such as Turkeys strong tourism.
Both districts have healthy sources of demand for rentals, including university campuses. Having a waterfront, means Belikduzu also offers a water taxi service. 115,786 houses changed hands in September. The Turkish property market has cooled down a little from the torrid pace over the last decade. According to the Turkish Statistical Institute (TurkStat), a total of 1,774 houses were sold to foreigners in August, displaying a significant contrast to the 890 homes sold last year. The canal will connect the Black Sea and the Sea of Marmara, transforming the land along its route and attracting more Gulf investment to the country. They offer a good selection of off plan and newly built quality apartments, within gated complexes and with communal facilities, priced between $100,000 and $200,000, all of which suits the requirements and budget of typical Gulf investors.
Is 2015 the right time to buy real estate in Turkey land and property in Turkey seems to be at the right time of its cycle

Two up and coming districts on Istanbul's European side have become hot spots for Gulf investors purchasing second homes in 2014, it is claimed. Walker also explained that Belikduzu and Bahcesehir both have excellent transport connections, by bus, train and motorway, with the Istanbul's cultural and business districts, as well as the main Istanbul airport (Ataturk International Airport), making transfers from the Middle East easy. However, a slow-down is now evident although growth continues to be recorded.

Residential rental values increased the most in Antalya, the fastest-growing city in Turkey, perennially popular with tourists. Several factors including new value-added tax laws and an anticipated economic cooling in 2014 means reduced domestic sales volume for both new and resale homes through the end of this year. Although the domestic property market still faces challenges and demand remains weak, the climate for foreign investors has improved significantly, with interest focusing mainly on apartments in resort areas. It is widely believed that foreign investors will pick up the slack in the domestic property market as transaction volumes have consistently risen over the last 18 months, showing no loss in investor sentiment for Turkey.

Major infrastructure projects have also underpinned property investment in the country, with more large-scale projects in the pipeline. With fewer restrictions on foreign property purchases, mortgage availability also increased in August after declining for the preceding seven months. Foreign investors in Turkey's property market also received a boost this year, as restrictions on the sale of real estate to foreigners were reduced. Bahcesehir has the Akbati shopping centre, Akkoza mall and Prestige mall. Vatandas said the high cost of land in a dynamic metropolitan areas was responsible for the large price hikes in Istanbul, where more than 14 million people live.


The price index for Istanbul has increased about 8-10 points more within five years compared with the country as a whole. Around 13,611 real estates were sold to foreign buyers in the first nine months of the year, an increase from 12, 181 the year before.

Thursday, January 3, 2013

Factors That Influence Petrol Prices

The lone biggest factor in the price point of fuel is the purchase price of the crude oil from which it is produced. In recent years, the world's appetite for gasoline and diesel fuel grew so quickly that suppliers of these fuels had a very hard time keeping up with demand. This demand growth is a key reason why prices of both crude oil and gas reached record levels in mid-2008. Then prices can be pushed down due to the worsening economy and collapse of global petroleum demand. These factors help gasoline prices to drop Then improvement in world economies and the political events in the Middle East and North Africa , the source of about one third of world oil production, adds to the increases in crude oil and thus gas rates.

There are three main grades of gasoline, based on octane levels: regular, midgrade, and premium. The octane level of a fuel refers to its unwillingness to combustion; a fuel with a higher octane level will be less prone to pre-ignition and detonation, which is also known as engine knocking. Premium grade is the most expensive; the price difference somewhere between grades is typically a small tiny fraction per gallon.

So What Are the Main Sections of the Retail Price of Gasoline?
The cost to create, transport, and sell gasoline to consumers includes:

The price level of crude oil
Refining costs and profits
Distribution and marketing costs and profits

Retail pump deals reflect these costs, as well as the profits (and sometimes losses) of refiners, marketers, distributors and retail station owners.

What Determines the Cost of Crude Oil?
The worth of crude oil as a share of the retail gasoline price varies over time and among areas of the World. Crude oil prices are determined by both supply and demand factors. On the demand side of the equation, market economic growth is the biggest factor. One of the major factors on the supply side is the Organization of the Petroleum Exporting Countries (OPEC), which can sometimes exert immense effects on prices by setting an upper production limit on its members, which produced about 43% of the world’s crude oil in 2011. OPEC countries have basically all of the world’s spare oil production total capacity, and possess about two-thirds of the world’s estimated crude oil reserves. Oil prices have often spiked in response to interruption in the international and domestic supply of crude oil.

Taxes Add to the Price of Petrol
National Federal, state, and local government taxes are the next largest part of the retail rates of gasoline. These can make dramatic variations throughout the world

Refinement Overhead and Profits
Refining costs and profits vary from country to country of the Marketplace, partly due to the different gasoline products required in different parts of the world. The qualities of the gasoline produced rely on the type of crude oil that is used and the type of processing technology available at the refinery where it is produced. Gasoline prices are also affected by the cost of other ingredients that may be blended into it, such as ethanol.

Distribution, marketing, and retail dealer costs and profits make up the remainder of the retail price of petrol. Most gasoline is shipped from the refinery first by pipeline to terminals near consuming areas where it may be blended with other products (such as ethanol) to meet local government and market specifications, and is then delivered by tanker truck to actual gasoline stations.

Some retail outlets are managed and managed by refiners, while others are independent businesses that purchase gasoline from refiners and marketers for resale to the public. The price point on the pump includes the retailer’s cost to purchase the finished gasoline and the costs of operating the service station. It also reflects local market conditions and factors, such as the desirability of the location and the marketing strategy of the owner.

The price of doing business by individual dealers can vary greatly depending on where the dealer is located. These costs include wages and salaries, benefits, equipment, lease/rent, insurance, overhead, and state and local fees. Even retail channels next to each other can have different traffic patterns, rents, and sources of supply that affect their prices. The wide variety and location of local competitors can also affect prices.