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NEWS
Thomas Cook‘s
bankruptcy affected
the World
#TurkishBritishMag
Top Investment:
Buying a House
in the UK
General election to be
held on December 12 as
MPs vote to break Brexit
paralysis
European Union extends Brexit
deadline to January 31, 2020
• Advantages and Risks
• Mortgage Options
• Booming Areas
BUSINESS
The 10th Turkey-UK
Business Forum was
held
MARKETING
Digital marketing is
reshaped	with	artifi
	cial	
intelligence!
CITY & LIFE
Turkish fashion designers
on stage at London
Fashion Week
TBMAG.CO.UK
A magazine for Turkish and British Business People
TurkishBritish
N° 5 / NOVEMBER 2019 ENGLISH VERSION
Interview: Elif Shafak; “Roots are plural, not singular!”
DEIK Turkey - UK Business Council’s panel on Brexit
Mobile Game Recontact: More exciting with Ross Mullan in London
Products and services are subject to change depending on flight duration and aircraft.
WELCOME TO A JOURNEY
OF TASTE
Enjoy your comfortable flight with a great variety of
exquisite refreshments.
From the Editor
Dear readers,
Welcome back to this new issue of Turkish British magazine. As we stated in
our outward manifest, our magazine works at building a solid bridge between
Turkey and England.
We see that the magazine has earned followers and admiration both from
Turkey and the UK. We are also excited about the increasing online reading
and downloading rates after each issue; this shows us that we are on the right
track.
We continue to pursue our mission of making the business world visible in
the two countries. Meanwhile, we were invited as a media organization to very
important events in both countries and undertook the media sponsorship of
various events by bringing together business people from both countries.
We have followed up many events for you and brought them to our pages. We
are also pleased to learn from your comments that our unique and updated
news contents highlight the agenda of our community in the country.
What’s in our new issue?
Dear readers, Turkish British has once again prepared a special content for
you this month. In our new issue, our cover focuses on; buying real estate
from the UK, which has recently drawn attention as an attractive investment
alternative.
We prepared a detailed guide for potential buyers and investors. How to
buy a house in the UK, which areas are booming, which areas are valuable,
mortgage options, government schemes, new housing projects, insights
into the post-Brexit real estate market and the opinions of experienced
experts are all in our special guide.
We also obtained interesting information while doing research to prepare
the	cover	article.	For	example;	according	to	offi
	cial	fi
	gures,	about	300,000	
Londoners are moving to a new city or rural areas each year. It seems
that people are leaving London on the one hand, and new people are
replacing those who have left London. The cities around London are
quite attractive right now. Because people can live in neighbouring
cities that are within easy reach, in more affordable budgets than in
London, but in larger houses. They don’t have to quit their jobs.
We had a unique interview with the writer Elif Shafak, who has been living
in London for a long time and who is an immigrant.
Zehra	 Aydın,	 who	 describes	 herself	 as	 a	 “beginner	 Londoner,	 wrote	 about	
	
Hampstead for those who would like to have a pleasant day out.
Thank you again for help us growing through your support.
Enjoy your reading…
Stay tuned,
Ayla Torun, PhD
Chief Editor
5
6
6
Publisher
Afiş İletişim I Doruk Ltd. - UK.
Editor-in-Chief
Ayla Torun Ph.D, aylatorun@tbmag.co.uk
Publication Coordinator
Fevzi Kemal Torun, fevzi@tbmag.co.uk
News and Content Coordinator
Kevser Devecioğlu, kevser@tbmag.co.uk
Editors
Leyla Sali Janine
Rahşan Gül
Özge Gözke
Ebru Atlan Tecirlioğlu
editor@tbmag.co.uk
Contributors in this Issue
Barış Çimen
Doruktan Türker
E. Nida Dincturk
Leyla Karakoç
Murat Buyurgan
Taylan Durmuş
M. Yusuf Çoban
Ozan Dağdeviren
Zehra Aydın
Advertising and Marketing
Özge Gözke: +44 7379 833484
Taylan Durmuş: +44 7500 668914
Sıla Türkpencesi: +90 532 733 32 77
advertising@tbmag.co.uk
Legal Advisors
Hakan Lamper, Ecem Gündüz,
Umut Gündüz
Translations
Ali Yildirim, Aysegul Bogrun, Ebru Sener,
Evrim Ekiztaş, M. Yusuf Çoban, Leyla Sali
Janine,Taylan Durmus
Design and Implementation
AFS Communication & Media
afscomms.com
Contact
UK Tel: +44 20 8870 0565
+44 74 7117 9662
+44 74 9322 9001
TR Tel: +90 850 355 50 44
e-mail: contact@tbmag.co.uk
tbmag.co.uk
turkishbritishmag
IN TURKISH BRITISH THIS MONTH
FROM THE EDITOR
05 From Turkish British
STATISTICS
10 United Kingdom in Numbers
AT A GLANCE
12 General election set for December 12 as MPs
vote to break Brexit paralysis
14 British tourism giant Thomas Cook’s bankruptcy
affected the world
16 Hope for the Ankara Agreement case at the UK
the Court of Appeal
18 A Turk to be featured in the British Royal
Palace‘s advert
“Let	London	think	now”
The ophthalmologist comes to you!
20 TurkishBank UK brings together UK banks
and fntechs
22 The Post Brexit British – Turkish relationship was
discussed in London
26
12
7
TurkishBritish
8
COVER
24 Buying a House in the UK
•	Advantages and risks
•	Mortgage opportunities
•	Booming areas
INTERVIEW
36 Elif Shafak;
“Roots are plural, not singular!”
BUSINESS WORLD
40 UK - Turkey Business Forum held in
Istanbul
42 Panel on Brexit by DEIK’s Turkey - UK
Business Council
44 “Turkey will reach 45 million tourists”
BUSINESS EVENTS
46 Turkey to be featured at the WTM
Tourism Fair
47 London Build Expo 2019
48 Infrastructure investment
opportunities in Turkey!
49 I Meet Hotel begins its 2020
European tour
50 Uzakrota Travel Summit Istanbul
52 International Medical Travel Show
Dubai 2020
IN TURKISH BRITISH THIS MONTH
ENTREPRENEURSHIP
53 4 lessons I learned in 4 years as an
entrepreneur
DIGITAL TECHNOLOGY
56 Born in Istanbul, encapsulated the
World
58 Digital marketing is reshaped with
artificial intelligence!
E-COMMERCE
60 Getting started with Amazon FBA
Online
EDUCATION
62 First rule in language education:
Choosing the right school
BUSINESS WOMEN NETWORK
64 A photograph of flavor
66 She designs new products before
they become trends!
67 Crisp Studio brings style to the
table
CITY AND LIFE
GOURMET
68 The modern face of Turkish Cuisine
FASHION
72 Turkish fashion designers on stage
at London Fashion Week
LONDON
76 A local experience: Hampstead
CULTURE & ART
78 The gates of history reopened
79 Osman Hamdi Bey’s ‘Koranic
Instruction’ sold for £4.6 mln
Turkey’s first photorealist painter,
Nur Koçak’s Works in SALT.
36
51
56
9
9
Business solutions, tailored
accounting services, tax, advisory,
wills & probate
and more …
London: +44 (0) 20 7226 1199 | Manchester: +44 (0) 161 446 2112
info@sterlingpartners.co.uk | sterlingpartners.co.uk
Our London office is located in an area which has
undergone an enormous change in the past 15 years. There
has been 40% business growth since 2010 with particular
emphasis on the hospitality, tech and creative sectors.
We are proud to be part of this growth by supporting you as
your trusted chartered accountants and tax advisers.
10
38.000
There are more than 38,000
schools in the UK. In public
schools there is an average of
20 students per teachers.
1911
The first escalator on the
London Underground was
built in 1911 at Earl’s Court
Station.
1871
Considered the national dish
of UK, the first fish and chips
establishment was opened in
1871 by a Jewish immigrant.
23
With 23 escalator steps, the
Waterloo station is the station
with the most escalators.
1485
Killed in 1485 on the battlefield
King Richard III’s skeleton were
found buried in 2013 in a park
in Leicester.
We know that long columns written with fancy
words are sometimes boring. So, let’s travel to the
heart of UK with short facts:
STATISTICS
United Kingdom in
Numbers
320
Hampstead Station is the
station with the most escalator
handrails.
11
TurkishBritish
38 minutes
The world’s shortest war took
place in 1896 between England
and Zanzibar.
70.000
There are around 70,000
football teams in the UK and
about 750,000 licensed football
players.
113 km
Nowhere in the UK is more than 113 kilometres
from the coast.
50%
Approximately 50% of adults
in the UK have not taken basic
mathematics courses.
4.4 million
On August 3 2012, during the Olympic Games, the
London Underground had its busiest day ever, with
4.4 million passengers
96%
In UK, Cars are parked 96
percent of the time.
150 million
The number of English
speakers in Nigeria is higher
than in the UK.
95%
School in UK is compulsory
between the ages of five
and sixteen. 95% of students
receive free education in
public schools.
12
General election set for December 12 as
Brexit was granted delay until 31 January!
Unable to break the Brexit impasse, the United Kingdom is facing a tense
election period. The elections are supposed to be held every five years.
But supposed to be held every five years. But this would be the third
since 2015.
The European Union (EU) agreed to post-
pone Britain’s departure from the union for
three months. The deep uncertainty around
Brexit continued until Britain remained only a
few days until 31 October, the official departure
date for the EU. Although UK politicians still
have not reached a consensus on how, when,
and even if the separation will take place, the
EU has agreed to give another adjournment.
With these 3 postponements, the EU has
somehow prevented Brexit from negotiating a
possible agreement on 31 October. This time,
however, there is a flexible postponement. In
other words, if the British Parliament approves
Prime Minister Boris Johnson’s Brexit deal with
the EU, the separation could be implemented
sooner. Britain may leave the EU on 1 Decem-
ber 2019 or 1 January 2020, provided it has
ratified the withdrawal agreement.
Johnson, who was Prime Minister three months
ago, promising to bring Brexit to life on Octo-
ber 31 at any cost, was forced to ask the EU to
postpone this date because of a legislative act.
The other 27 EU Member States have agreed
to postpone Brexit until the end of January.
“The EU27 has decided to accept Britain’s
request for 27 flexible adjournments until 31
January 2020,” said Donald Tusk, President
of the Council of Europe. British Prime Minis-
ter Johnson said the EU had made it clear that
an adjournment beyond 31 January would no
longer be possible.
The departure of Britain from the EU was
blocked twice when Theresa May was still
prime minister. Three and a half years have
elapsed since referendum on Brexit in which
British voters opted to take their country out
of the EU by a 52% to 48% vote, but the stale-
mate is still not over.
General election set for December 12 as
MPs vote to break Brexit paralysis
After a flextension to postpone Brexit until 31
January and a decision to take elections on 12
December, MPs backed Prime Minister Boris
Johnson’s proposal for early elections on 12
December. Johnson’s request for early elec-
tions on 12 December was rejected by Parlia-
ment on October 28th. He needed two-thirds
of the deputies (434) to support his call for an
early vote. It was Johnson’s third defeat in early
elections. However, the Conservative Party’s
motion for an early general election on 12 De-
cember was approved by 20 votes to 438 in
the second vote on October 29 in the House
of Commons, the lower wing of the British par-
liament.
Opposition Labour leader Jeremy Corbyn’s an-
nouncement that he would support early elec-
tions was instrumental in passing the bill. Cor-
byn announced that it would now support early
elections as the EU extended the deadline in
London, allowing the possibility of leaving the
EU uncompromising. Although polls indicate
that Prime Minister Johnson’s conservative par-
ty will triumph over Labour Party, the prospect
of a new government is not as divided as it is
now. This will be the first election in England
since Christmas 1923.
AT A GLANCE
13
TurkishBritish
14
AT A GLANCE
British tourism giant Thomas Cook’s
bankruptcy affected the world
Following the announcement of the bankruptcy of the British giant Thomas
Cook, the German subsidiary Thomas Cook GmbH also declared insolvency. An
operation intending to bring home thousands of tourists was launched.
Thomas Cook,   the 178 years old world’s
largest travel company went bust. With the
bankruptcy of the tour operator, 22,000 peo-
ple risk losing their jobs, including 9,000 in the
UK. Around 600,000 Thomas Cook customers,
150,000 of whom are British, have been left
stranded after the giant company announced
that it had ceased trading.
Following the official announcement of the
bankruptcy by the British company, which had
financial problems, one of the biggest peace-
time repatriation was launched to bring home
thousands of British citizens stranded in many
countries, including Turkey. The operation
called “Operation Matterhorn”  aims to bring
back more than 150,000 British holidaymakers.
Following the bankruptcy, the British govern-
ment ordered an investigation into the role of
Thomas Cook Group management in the col-
lapse of the famous tour operator.British me-
dia, reported that Thomas Cook bosses have
been paid and received £20m in bonuses in
the past five  years.
A Bankruptcy also reported in Thomas
Cook’s German subsidiary
After the announcement of the bankruptcy of
the British tour operator Thomas Cook, Thom-
as Cook GmbH, a subsidiary in Germany, also
filed for bankruptcy.    Stefanie Berk, Chairman
of Thomas Cook GmbH, said in a statement
that they were forced to take the legal step ,
since no short-term solution could be reached
in the negotiations. In a statement by Thomas
Cook GmbH, Neckermann, Öger Tur, Air Marin
and Bucher Reisen announced that they are in
talks with the German Ministry of Foreign Af-
fairs and travel insurance companies to repatri-
ate the 140,000 holidaymakers.


20 thousand British returned
Following the announcement of the bank-
ruptcy of British tour operator Thomas Cook,
the repatriation operation that was launched
successfully continues. Its company located in
the city Antalya in Turkey announced that 20
thousand British total 40 thousand tourists are
back to the UK. The other 20 thousand tour-
ists will return to their countries after the end of
their holidays. With the bankruptcy of Thomas
Cook, a significant gap has emerged in the
tourism sector. Travel and tourism agencies in
the countries where the company goes have
begun planning for upcoming months.
16
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AT A GLANCE
The lawsuit filed against the amendment of the conditions of permanent residence
of Turkish entrepreneurs in the Ankara Agreement and its retrospective application
which our magazine is following, was moved to the Court of Appeal.
The amendment of the conditions of per-
manent residence of Turkish entrepreneurs
and its retrospective application under the
Ankara Agreement with the UK Ministry of the
Interior has been on the agenda of the United
Kingdom for more than two years.
The public trial that our magazine has been fol-
lowing since the first day was brought before
the Court of Appeal for a new examination on
the grounds that it had caused harms to Turk-
ish businesspeople. The legal battle to appeal
against the amendments adopted in March
2018 concern about 10,000 Turkish citizens.
In March, the British Supreme Court rejected
an appeal by Turkish citizens who objected to
a retrospective amendment to the permanent
settlement conditions.
In June and July 2018, new rules were pub-
lished. After the objections and the judicial
struggle, the case was sent back for re-exam-
ination by the Court of Appeal.
The appeal case against the Home Office will
be held on 26 March 2020 at the Court of
Appeal.
“We expect a fair and lawful decision”
Yaşar Doğan of Redstone Solicitors who’s rep-
resenting Turkish citizens since the beginning
of the legal struggle, made the following state-
ment after the court decided to re-examine the
case:
“Our appeal to the Court of Appeal of March
2019 is awaiting the court’s final decision. The
Court of Appeal of England gave leave to ap-
peal and paved the way for a re-examination
of the case. The judge who gave the deci-
sion, found the case worth reviewing thus ap-
proved the appeal to the Court of Appeal and
said the policy change made by the Home Of-
fice had negative effects on a large number
of Turkish business people. The granting of a
leave means that the case will be re-examined
by the Court of Appeal and resolved. We will
now wait for a date to be fixed for the sub-
stantive hearing.”
Doğan stated that the parties would make
their defense after the trial date will be fixed
and said, “We hope; the unfair decision of the
Supreme Court will be replaced by a Court of
Appeal that will take a fair and lawful decision
that will relieve us.“
Hope for the Ankara Agreement
case at the UK the Court of Appeal
17
TurkishBritish
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GENERATE THOUSANDS OF NEW BUSINESS LEADS
18
AT A GLANCE
A Turk to be featured in the
British Royal Palace‘s advert
Ophthalmologist comes to you!
“Let London think now!”
Gülper Özdemir, one of the stars of the TV
series entitled ‘Sen Anlat Karadeniz’, made
the British fall under her charm with a role she
played in an advertisement in London. The
young actress took part in an advertisement
for apartment sales of Regent Crescent Palace,
owned by the British Royal Family. Özdemir
stated that she participated in this advertise-
ment	thanks	to	her	links	abroad	and	said,	“The	
advertisement	fi
	lm	was	very	much	appreciated.	
I got very good comments. These beautiful
and valuable comments motivated me even
more.	My	work	abroad	will	continue.”
Jacob	&	Joe	combines	the	fi
	nest	models	with	the	latest	technology	in	their	glasses	
and offers their customers the opportunity to be examined wherever they want
with their exclusive optical service.
Jacob & Joe recently hosted a stunning event at Mayfair’s prestigious Athenaeum
Hotel. Celebrities have shown great interest in the event where Jacob & Joe an-
nounced	it	would	begin	to	provide	a	“exclusive	optical	service”.
Attended by Camilla Rutherford and Liz Brewer, the event was a hive of attendees
including	celebrities,	infl
	uencers	and	industry	experts	who	learned	about	Jacob	
& Joe’s exclusive optical service. Eye examinations are brought to customers’ of-
fi
	ces,	homes,	hotel	or	anywhere	they	may	be…		Guests	were	able	to	try	the	
most fashionable eyewear; Jacob & Joe’s luxury optical service brings a per-
sonal and professional service to men and women whose time is their most
precious resource.
Using the latest technologies added to a selection over a hundred of designer
models to produce a variety of high quality optical glasses and sunglasses,
Jacob & Joe provides luxury and clinical expertise at your convenience, with
no compromise in quality.
The renowned international operator, Nusret
Gokce, is adding a new restaurant to its chain
of steakhouse. Nusret‘s new restaurant opens
its doors in London, in the heart of UK.
Nusret Gökçe, which has become a global
phenomenon with salt-sprinkling move, is now
opening a restaurant in London, after New
York, Doha, Miami, Abu Dhabi, Mykonos and
Dubai.
Nusret examined the on-site construction work
at the London restaurant. The famous opera-
tor who shared the images of the works of his
new restaurant on his Instagram account did
not	neglect	to	add	the	note	“Let	London	think	
now”.	Nusr-Et	Steakhouse	will	open	its	doors	
at Park Tower Knightsbridge Hotel in Decem-
ber 2019 and meet Londoners.
Press Release 

Jacob & Joe hosted a stunning event at Mayfair’s prestigious Athenaeum Hotel this week
to celebrate the launch of their luxury optical concierge service, an industry first. 

Attended by Camilla Rutherford and Liz Brewer, the floor was buzzing with high profile
20
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AT A GLANCE
SIBOS, the largest financial organi-
zation in the world, was hosted in
London for the first time this year at
a meeting organized by TurkishBank
UK that brought together Turkish and
global financial institutions as well as
Fintechs.
On the terrace of the TurkishBank UK
branch in the Mayfair district, in the
heart of London, distinguished par-
ticipants discussed the future of the
financial world. During the meeting,
the participants had the opportunity
to make many contacts in a short
time. The meeting began at 18:00
and continued until 23:00 with in-
tense interest.
TurkishBank UK prepares to guide
Fintechs
After the great interest in the invita-
tion, Hakan Börteçene, Chairman of
the Board of TurkishBank UK, said:
“This great interest gives us the duty
to act as guide for the Turkish Fin-
techs in London, and the message
that Global Fintechs expect us to
have the same duty in the Turkish
market. I believe that the Fintech
centers that we intend to open first
in Turkey and then in London will be
very useful for this purpose.”
TurkishBank UK is a member of an
118-year-old Group operating in the
banking sector in 3 countries includ-
ing Turkey, Cyprus, and the UK. The
Bank that has been carrying out its ac-
tivities in London for 45 years primar-
ily offers banking services to Turkish
society. TurkishBank UK, whose mis-
sion is to serve the Turkish-speaking
community, has seven branches in
London.
TurkishBank UK hosted
banks and fintechs
The world of finance has shown a keen interest in
the meeting in which TurkishBank UK, operating in
London for 45 years, has brought together Turkish
and global financial institutions as well as Fintechs.
22
uuu AT A GLANCE
As Britain and EU come closer to separation, the way Turkish – British relations will
evolved after Brexit has been discussed at the meeting organised by the European
Turkish Brands Association (ATMB).
Turkey’s London Trade Principal Consultants
Tarık Sönmez and H. Murat Özsoy attended
the “ Pre and Post Brexit Turkish-British Trade
Relations and Brexit’s effect on our Trade Activ-
ities in the UK” meeting held at the IOD Busi-
ness Centre in London City Center. In his pres-
entation Tarık Sönmez, mentioned the possible
relationship between Turkey and Britain after
Brexit. The network event was attended by
ATMB Chairman Cafer Mahiroğlu, Board Mem-
bers Ahmet Ferruh Öncü, Vehbi Keleş, Zeynep
Turudi, Mustafa Köker, Turkish British Chamber
of Commerce and Industry Director Yavuz Sök-
men and representatives of the business world
from various sectors
Turkey’s always showed interest in the topic
In his comprehensive presentation; Turkey’s
Trade Principal Consultant Tarık Sönmez drew
the path of the trade relations between Britain
and Turkey after Brexit.
Sönmez who stated that Turkey immediately
established contact with the UK and always
kept this issue on the agenda at technical com-
mittee, ministerial and prime ministerial level,
underlined the fact that not much progress was
made due to Turkey being an member of the
customs union.
ATMB vice chairman Zeynep Turudi and Brand
Expert Dr. H. Hakan informed the participants
of the network event on the applications UK
was preparing to implement after Brexit.
Zeynep Turudi gave a visual display of the new
regulations prepared by the British institutions
and advised on which institutions to be applied
to for obtaining information on customs and
tax regulations.
The event ended with the participants meet
and greet part.
The Post Brexit British – Turkish
relationship was discussed in London
An investment with high potential for rental yield, located
in West London, home to 200 international companies and
20.000 personnel.
•	 Very close to the headquarters of Samsung, Dell, Sky,
Audi.
•	 High demand for rental due to close proximity to many
international companies and work places.
•	 1 minutes away from Kew Bridge station, 10 minutes
away from Gunnesbury station (District Line)
•	 Very close to popular areas such as Kew Gardens,
Chiswick and Richmond.
•	 Around the clock services, Gym and a movie theater.
•	 Project completion in 2022
•	 Rental	yield	expectation	4.75%
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•	 Investment opportunities starting from £ 399.000
1 Bedroom Flats £ 399.000
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ONE LONDON PROPERTY GROUP
Berkeley Square House, Berkeley Square
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www.onelondonpg.com
ONE LONDON PROPERTY GROUP
24
The most favourite investment:
Buying Property in the UK
The newly-built residences in London,
property ads in newspapers and on in-
ternet, mortgage publicity of banks and
free assessment interviews are under the
close-marking of the property investors in
the UK and all around the world.
Figures verify buoyancy of the property
industry in the United Kingdom. Accord-
ing to the data of UK Finance for the sec-
ond quarter of this year, the number of
new mortgage agreements made with the
first-time buyers of property in London for
the first time is 9,960. The data for July
2019 show a 5.5 percent rise in mortgage
demand of the investors who want to rent
out property, compared to the last year
and that 5,800 agreements were made
with them. “Help-to-Buy (Equity Loan)”
scheme provided by government for the
first-time buyers of property, and the in-
viting mortgage choices of banks always
keep demands buoyant.
Demand for property in London has gone
up continuously for the three-year period
following Brexit Referendum. The poten-
tial buyers of property who want to ben-
efit from the additional incentives have
taken action to complete their purchasing
transactions prior to Brexit.
COVER
Buying property in the United Kingdom, particularly in London has been
one of the most rewarding investment alternatives for both locals and the
investors in the US, Asia and Europe in recent years. The property market,
especially in London has been quite active with the increased mortgage
options, government schemes, new housing projects and the declining
property prices because of Brexit and the slowing of the economy.
25
TurkishBritish
Property companies speeded up
their investments
Sales figures of construction companies prove
the outcome of this mobility perceptibly as
well. According to the figures announced by
one of the largest British construction com-
panies, Baratt, they sold 17,856 new houses
across the country and made a profit of 910
million pounds in the previous year. The lat-
est data of National House Building Council
indicate that applications of the construction
companies made for building of new housing
peaked within the last 12 years.
One of London’s largest property investment
companies, The Galliard Group currently per-
forms 6,905 housing construction projects In
London the sum of which is worth 3.95 billion
pounds. The group that plans the construc-
tion of 10,000 houses as well offers the op-
portunity of state’s “Help-to Buy” contribution
in its several projects. The developing regions
of London which will be popular in future at-
tract investment of the company. Besides, it
encourages potential buyers to invest in the
property for renting out.
The newly-built residences in numerous re-
gions such as Streatham, Clapham, Balham,
Wimbledon and Greenwich which have easy
access to city, and within the settlements in
the north such as, Paddington, Islington and
Shoreditch show up consistently as the evi-
dence of property investments and buying
expectations.
“In the last five years, 85,000 Turks
purchased property in London”
Property is a quite attractive investment op-
tion for the Turkish residents in the United
Kingdom. There is no restriction to buy house
for the Turkish citizens in the country, includ-
ing the parties of Ankara Agreement. Howev-
er, buying a house does not provide residence
permit. CEO of Allytta Real Estate Invest-
ments, Neşe Jenkins pointed out that Turkish
Neşe Jenkins
26
people show interest in London quite increas-
ingly	in	recent	years.	“We	don’t	know	the	exact	
number of the Turkish house buyers in London;
but	our	researches	indicate	that	85,000	Turkish	
people purchased a house in London in the last
fi
	ve	years,”	said	Neşe	Jenkins.	She	mentioned	
400	percent	rise	in	the	number	of	Turkish	inves-
tors who contacted their company for the com-
mercial investments above 10 million pounds
as of 2019.
Despite the expensiveness in London, eco-
nomic and cultural dynamics of the city hypno-
tize a lot of buyers, including Turkish citizens
with respect to long-term investment. The new
railway routes to other regions from London
which	hosts	4.5	million	tourists	per	year,	offer	
the opportunity to buy affordable house by
making no concessions to urban facilities.
“No Condition of Residence Permit for Turks
to Buy Property in London”
Buy Property in London TurkishBank UK offers
mortgage service to the Turkish citizens who
reside in United Kingdom and would like to
purchase property. Residence permit is not re-
quired	to	benefi
		t	from	the	service.	The	evalua-
tion process following application lasts at least
3 months. It should be noted that minimum
mortgage term is 2 to 3 months after property
purchase agreement is signed with the land-
owner.
The Turkish citizens without residence permit
in the United Kingdom should open an ac-
count at TurkishBank UK to use the mortgage
opportunities of TurkishBank. Experts of the
bank inform customers about different mort-
gage packages in the following process and
ensure selection of the ideal package. Lastly,
the applicant collect the necessary documents
for mortgage and submit them to bank. These
documents contain information regarding sav-
ings of the potential buyer, his/her bills of ac-
count, salary information, and his/her stocks or
company partnerships if any, and other income
documents	which	exhibit	fi
	nancial	status.
TIPS FOR BUYING
PROFITABLE PROPERTY
Buying property in the United Kingdom, par-
ticularly	 in	 London	 is	 a	 pretty	 profi
	table	 in-
vestment.	 Nevertheless,	 such	 profi
	t	 requires	
purchasing the most suitable house with the
ideal	buying	method	at	the	right	time	fi
	nan-
cially. In our publishing where we touch on all
aspects of investing in property in the United
Kingdom, specialists of the industry provided
detailed information on: various alternatives
for	owning	a	property,	signifi
	cant	points	to	be	
considered in selection of property, mortgage
facilities and legal processes for Turkish citi-
zens, Brexit and future designs in the property
market. Do not buy house before reading our
article!
The right time to buy a house!
One of the questions asked by the investors
who decided to invest in the United Kingdom
is	“When	to	buy	the	property?”	The	industrial	
representatives underline that the lack of con-
fi
	dence	in	economy	of	the	island	where	Brexit	
is the main agenda topic, is short-term:
“We observe the remarkable downward trend
in the sale princes of property in environment
of uncertainty generated by Brexit. As banks
still offer the opportunity of long term and
low interest loan, using savings for buying a
house is rational. Such environment involves
appropriate conditions particularly for ten-
ants to invest in property,” said the Head of
Retail & Personal Banking in İşbank London
Branch, Ethem Berk Türköver. He states that
prices of property will not increase as long as
the environment of uncertainty insists.
uuu
Ethem Berk Türköver
27
TurkishBritish
27
TurkishBritish
Director of KATRIN Properties and Presi-
dent of ABTIC – Association of British-Turk-
ish Investment and Construction, Kerem
Yavuzarslan spoke of the property industry as
the safest investment alternative in mid-term
and long term. Yavuzarslan remarked that the
Turkish citizens with savings should welcome
the opportunity given by the active property
market in the UK.
market	with	data	suggesting	4	out	of	5	prop-
erty investors based in Hong Kong, Dubai and
the UK are still investing in British real estate.
Moreover, the cost of buying UK property has
fallen for overseas investors due to the deval-
uation of the pound. Such condition encour-
ages	those	investors,”	said	he.
“London property market is
currently a Buyers’ Market”
Huseyin E. Huseyin, Senior Partner of Bowl-
ing & Co Solicitors which has rendered the
British and international investors legal coun-
selling services about trading property for
over	 60	 years	 in	 London,	 specifi
	ed	 that	 a	
growing number of investors take action and
contact them with the intention to invest in
British property and there are numerous Turks
among them. Hüseyin added that capital re-
turn of property is quite satisfactory if inves-
tors select the right property and work with
the expert people in the industry.
“Investors	need	to	be	aware	of	the	UK	prop-
erty market conditions to obtain maximum
benefi
	t	 from	 their	 investment.	 Although	 the	
Brexit	vote	has	reduced	consumer	confi
	dence	
in the UK, property market prices rise stead-
ily in some regions and properties are usu-
ally popular. A recent research indicates that
Britain is still an attractive property investment
Huseyin E. Huseyin
Emre Belge
Kerem Yavuzarslan
General Manager of One London Property
Group, Emre Belge highlighted the down-
ward trend of the UK property market which
peaked	in	2014,	owing	to	Brexit	and	change	
in	the	stamp	duty.	“The	property	market	has	
gained a sound equilibrium and brings along
nice	 opportunities	 to	 buy.	 “House	 prices	 in	
London	have	been	balanced	since	2014	after	
a	fall	of	10-15%,”	said	Belge.
Belge went on the reasons which make pur-
chasing property in the UK advantageous:
“Brexit	provided	an	advantage	of	about	15%	
especially for the investors whose main in-
come are in USD or EUR, except Pound. GBP/
USD	parity	which	was	1.45	on	the	referendum	
date	 declined	 to	 1.18	 and	 is	 currently	 1.23.	
From this aspect, the biggest investors of the
UK property market are from the US and Eu-
rope this year whereas the market was domi-
nated	by	the	Asian	investors	last	year.”
Emre Belge urged on the other opportunities
brought by the property market which has
slowed down. Furthermore, he stated that the
construction companies with unsold proper-
ties offer potential buyers discounts at high
rates. Belge talked that their company follows
particularly such stocks and seize the chance
of discounts at high rates.
Emre Belge kept speaking about the reasons
28
which make purchasing property in the UK
advantageous:	“Interest	rates	of	the	Bank	of	
England set based on the monetary policy cor-
respond	 to	 0.75%	 and	 the	 economy	 slowed	
down under the effect of Brexit, so interest in-
crease is not envisaged for a while. Thus, the
above points present an advantageous period
to investors. That’s why we regard London
property market as a ‘Buyers’ Market’. In other
words, buyers have more bargaining power
nowadays. We think that an investor who in-
vest in the UK property market in the near fu-
ture	will	earn	signifi
	cant	profi
	t	when	he	sells	
his	property	at	the	end	of	fi
	ve	years.”
One London Property Group at the helm of
Emre Belge gives support to its customers
during their whole buying process which con-
tain houses and commercial properties.
The second most important question posed
by the potential buyers of house covers lo-
cation of the house… Regions such as East
London, surrounding of London River in
Greenwich, Thamesmead & Abbey Wood,
Bank Side, Waterloo and Southall come to the
fore	in	“Opportunity	Areas”	study	of	London	
Municipality. Even though the properties in
Southeast London, particularly centre of Lon-
don are generally preferred for buying, their
yield is low because of being in expensive re-
gions. Forecasts of the industrial representa-
tives about London and the other regions are
similar to below:
East London and new metro
line are the favourite regions
•	 East London: East London offers lower
prices, so higher yield. Islington, and
North London which contains the upper
area lead the way as the regions open to
development. Newham, Barking and Da-
genham districts are prominent with af-
fordable prices.
•	 Kingston Upon Thames and Southwest
London: Richmond, Kingston, Wimbledon
and Putney maintain their popularity, since
they are preferred by especially Turkish
families due to the presence of schools,
accessibility and social environment.
•	 Surrounding of Elizabeth Metro/
Crossline: This metro line to be opened at
March 2021 links Heathrow airport to the
city centre. It is promising for the future in-
vestments on this line. The line accesses
to the following stops: Reading in North,
Abbey	Wood	in	Southeast	and	Shenfi
	eld	
in Northeast London. It goes to Berkshire
and Essex as over ground via the existing
lines.
•	 South London: Property companies in-
tensively invest in Streetham, Croydon,
Clapham, Balham, Waterloo and Green-
wich districts in this area. These regions at-
tract potential buyers with its accessibility
to city centre via railway line, development
potentials and affordable prices as well.
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29
TurkishBritish
Earning high profit from property invest-
ments require long-term plans. Ethem Berk
Türköver from İşbank pointed out the pos-
sibility to make loss in short-term trading of
properties if downward trend of property
prices continues. “We believe that the long-
term property investments for residence are
proper alternatives for our customers. With
respect to interest rates, we think that they
may gain a downward trend, considering the
environment of uncertainty and stagnation.
The economic negativities which may be ex-
perienced after Brexit may lead to interest
discounts to boost the market,” said he.
In addition to London, the regions such as
Manchester and Leeds shine out as the profit-
able cities for investment. In particular demand
for Birmingham, Bristol, Nothingham and Man-
chester which host universities has increased
nowadays. Professional property investors may
choose Liverpool and Newcastle for their prof-
itability. Besides, properties in Cambridge and
Edinburg are sold very quickly.
Thanks to its closeness to London and Cross-
Rail high-speed train which will start to give
service in 2021, Berkshire Region appeals in-
vestors. This region is particularly preferred
by the British citizens who seek for classical
lifestyle, large spaces and gardens. Hosting
events such as Royal Ascot races and Henley
Royal Regatta, Berkshire involves a lot of man-
sions featured as the country’s most expensive
ones. Furthermore, this segment shows utmost
interest in Scotland.
Bath, Richmond and Brighton are demanded
constantly. Former historical city centres are
positioned as luxury locations in which finding
a property is always more difficult.
Lastly, Essex, Surrey, Suffolk, Dartford and
Hampshire are popular regions for former resi-
dents of London.
Think long-term for
high profit!
Attractive regions other
than London
CEO of Allytta Real Estate Investments
Neşe Jenkins is hopeful about long-term in-
vestments. According to researches and anal-
yses regarding the future of property industry,
property prices and rent prices are anticipated
to go up by 14% and 10% from 2018 to 2022,
respectively. Estimations on the property price
index of HM Land Registry indicate that house
prices will increase by 56% in 2027. Neşe Jen-
kins gave recommendation to the investors
who want to purchase property only for invest-
ment as follows: “Find the best property in
London or focus on especially the council es-
tates, dorms, nursing homes and buildings of
mixed usage or the lands that are suitable for
construction in the regions out of London.”
She mentioned very high investment returns
and rent income of such properties. Moreover,
Jenkins specified that investing in property as
a company rather than a person provides ad-
vantages in both taxes and succession.
30
SIGNIFICANT POINTS TO CONSIDER FOR PROPERTY INVESTMENT
WHAT ARE THE WAYS OF BUYING A HOUSE?
Invest for at least five years
CEO of Allytta Real Estate Investments,
Neşe Jenkins listed the following significant
points to consider for potential buyers of
property:
•	 First, determine your expectations very
well and think about your investment pur-
pose.
•	 Forget earning return in short term. Plan
an	investment	for	at	least	fi
	ve	years	against	
the price trends which may be either
downward or upward.
•	 Do not regard your budget just as buying
expense. Add taxes, additional duties, at-
torney	fees,	investment	and	fi
	nancial	ad-
viser’s fees and the municipality and title
deed expenses to your budget.
•	 Use your reasonable effort to choose the
ideal region.
•	 Collaborate with a professional property
investment and management company.
•	 Get information about the planned reno-
vations and extra payments before buying
the property.
New projects generate higher
returns than old ones
Director of KATRIN Properties Ltd, Kerem
Yavuzarslan made the following sugges-
tions:
•	 If you purchase a house for renting out,
contact the right bank, make a long-term
loan agreement and take the rent income
into account. New projects generate high-
er rent income than old ones.
•	 If you want to purchase house for residing,
it should be close to the schools which
conform to the capacity of your children
and appreciated by them. Otherwise, they
may have several problems due to choos-
ing the wrong school.
•	 It should be noted while buying a property
for investment or residing that the newly-
built houses are always sold at a value
which	is	more	than	10-15%	of	their	market	
value. The brand-new house will be pre-
owned on the date of its selling, so it will
be	sold	at	least	10-15%	cheaper	than	its	
market value. Thus, it can reach its buying
price	after	four	or	fi
	ve	years.	
Huseyin E. Huseyin from Bowling & Co Solicitors stated
that an investor in the UK can buy a property in two dif-
ferent ways:
• Freehold, means the outright ownership of the land
and the dwelling that sits on it and most houses in
England are owned on a freehold basis.
•	 Leasehold, is the second alternative to be preferred
for buying a property in the UK. In case of Leasehold,
a person with Freehold transfers another person his/
her	right	to	use	the	property	for	a	fi
	xed	term.	This	is	
specifi
	ed	in	a	legal	document	called	“Lease.”	Term	
of	 Leasehold	 is	 usually	 125	 years.	 It	 is	 essential	 for	
transferee	to	get	support	from	a	law	offi
	ce,	because	
he/she	will	be	bound	to	the	conditions	specifi
	ed	in	
Lease.	Most	of	the	fl
	ats	in	the	UK	are	owned	through	
Leasehold.
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31
TurkishBritish
•	 If a pre-owned house is bought, and then
sold after some renovations are made, its
value does not change under the condi-
tion that survey reports are issued properly
for purchasing the house.
•	 If	 income	 is	 signifi
	cant	 for	 Turkish	 inves-
tors, they should buy their house which
has easy access, especially to metro line.
Queen Elizabeth Metro which is under
construction should be searched as prices
are	low	nowadays.	Instead	of	fl
	ats,	a	sepa-
rate house should be bought and the al-
ternative of making renovation should be
utilized.
•	 Besides, small towns out of London which
have smooth settlement should be taken
into account.
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services for companies wishing to
enter Turkey and the UK market.
COMMUNICATION
COMMUNICATION
32
You can mortgage your house in Turkey and
buy a new one
Head of Retail & Personal Banking in İşbank
London Branch, Ethem Berk Türköver told ex-
clusive services of İşbank for Turkish citizens:
İşbank London Branch gives Long-Term Col-
lateralized Consumer Loan to the people who
want to buy a house in the UK. Properties in
Turkey can be mortgaged for this loan with a
maximum maturity of 15 years. The product
appeals to the possible buyers who want to
utilize own properties in Turkey or do not have
loan score in the UK. In this way, the properties
in Turkey which could not be sold or are not
preferred for selling in recent years because
of the market conditions, but have guarantee
value can be used.
If the loanee is the customer of İşbank, his/her
loan evaluation can be performed more quick-
ly. Guarantees of several customers kept by
any İşbank branch In Turkey can be accepted
without any need to extra process. İşbank Lon-
don branch is very familiar with the loan scores
of its customers in Turkey and assesses their
credibility, considering their income in Turkey
as well. Thus, these points generate advantage
during the loan process of İşbank in the UK. Re-
payments are performed either through an ac-
count to be opened in London branch or direct
debit instruction.
The product of İşbank for buying property
in the UK does not have the characteristics
of “mortgage.” This loan is in the form of “a
long-term consumer loan” and the properties
bought in the UK are not accepted as loan
guarantee, therefore it is not important for the
house to be purchased to be “leasehold, free-
hold or shared ownership.” When use of the
loan is preferred evaluation process depends
on the competence to pay back the loan. Ad-
ditionally, blocked deposit, bail or usually, the
mortgages on the properties in Turkey are ac-
cepted as guarantee.
Some of the İşbank customers who try to ar-
range own affairs newly and whose income is
expected to rise in the following years are of-
fered to pay only interest, and then the princi-
pal in the first year and the next years, respec-
tively. For example, in case of a 15-year loan,
the monthly payment amounts are quite low in
the first year while a bit higher monthly amount
is paid in remaining 14 years based on the prin-
cipal repayment.
İşbank London Branch offers a product called
“Overseas Mortgage” for buying of the prop-
erties in Turkey, as well. Its process is the same
with the standard process of mortgage loan
applied in Turkey. There are various loan op-
tions in British Pound with a maturity up to 15
years. It is an appropriate alternative for the
Turkish citizens in the UK who want to invest
in Turkey.
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TurkishBritish
PROCESS OF BUYING A HOUSE
A certain procedure should be followed to
buy a property in the United Kingdom. Its
process is as follows:
1. Selection of mortgage loan:
“Repayment	mortgage”	in	which	principal	
and interest are paid back with periodic
payments	in	a	defi
	nite	term,	or	“interest-
only	 mortgage”	 in	 which	 only	 interest	 is	
paid	during	a	certain	period	(generally	25	
years) and principal is paid back at matu-
rity are the preferable mortgage types for
investors. Investors should consider all
costs, especially mortgage deposit, broker
fee, land registry fee and stamp duty as
well as choosing the most suitable mort-
gage type for the investor. Numerous cost
items such as deposit, land registry fee
and stamp duty to be paid by the investor
change based on the selling price of the
property sold.
2. Submission of the offer to seller:
An offer that aligns with the market value
is submitted to landowner or real estate
agency. After the offer is discussed with di-
alogue, the process starts with the agree-
ment of parties on price. In general, real
estate agency or landowner wants to see
the document which proves the availabil-
ity of money or mortgage loan, to assess
graveness of the buyer.
3. Evaluation of property:
Structural survey reports about the house
to be bought are prepared by authorized
and objective specialists after acceptance
of the offer. The reports sent are reviewed
by consultants of the buyer. The required
follow-ups are performed on behalf of the
buyer. In case of any problem, customer is
informed.
4. Hiring of an attorney:
If assistance of any consulting company
was not received in the beginning of the
process, an attorney should be hired at
this stage to conduct the sale process and
legal transactions.
5. Completion of sale:
Attorneys of both parties get involved and
sale process is initiated if positive opinion
is given in all reports. At the end of this
process which lasts between six and eight
weeks, any money transfer is performed at
the helm of the attorneys not to have dif-
fi
	culty	in	money	transfer.	Very	critical	pro-
tective measures were taken for customer.
Your attorney applies to Land Registry for
sale record after the completion of money
transfer.
34
Property service of 360 degrees
Quite elaborative procedures need to be fulfilled to purchase a property in the
UK. NY Maxx Construction aims to enable its customer to own the most profitable
property. For this purpose, the company provides service at all stages of the
process, including buying, renovation, legal procedures and judicial actions.
Established in London in 2017 with the aim of
giving “Consultancy, Design and Construc-
tion” services about housing and commercial
structures in construction, NT Maxx Construc-
tion renders a very wide range of service in
property industry today. Here are the services
of the company which was founded by Tuba
Kılıçarslan, Civil Engineer with an experience
of 21 years and a member of both Institution
of Structural Engineers and Kingston Cham-
ber of Commerce: to perform property invest-
ment consultancy, to search whether housing
and commercial locations conform to budget
and needs of the customer and particularly the
planned renovation, to conduct the feasibility
studies, to monitor all stages of the property
which may generate premium in short term,
until the completion of purchasing and to eval-
uate the research reports regarding the status
of the property.
However, the services of NT Maxx are not lim-
ited to above. Kılıçarslan listed their post pur-
chase services as follows: “Our project and
construction team provide service to obtain
the approval of the municipality for the pro-
jects needed to renew and enlarge the prop-
erty owned by our customer following the
buying process, and lastly, to give repair, re-
newal and construction services based on the
approved project.”
Buying a house in the United Kingdom is
a serious business
Tuba Kılıçarslan stated that they have offered
full range of services to numerous residents in
Turkey and in the UK as part of the property
buying process up to now. “Buying a house in
the UK is a serious process. It starts with de-
termination of the region which should be af-
fordable for our customer, and proceeds with
focusing on the profitability ratio and needs of
the customer before finding the right house,”
said she.
Kılıçarslan summarizes the remaining process
as follows: “The suitable house is found in line
with the demand of the customer. At the next
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35
TurkishBritish
stage, it is decided whether to use the equity
capital of the customer or mortgage loan to
buy the property. According to the decision,
an offer which aligns with the market value is
submitted to landowner of the house or real
estate agency. The process begins after the
offer is discussed through dialogue and par-
ties agree on the price.”
After the property is determined, an elabora-
tive work starts by contacting the bank and the
experts for usage of loan and survey reports,
respectively. When such phases are completed
smoothly, money is transferred at the helm of
attorneys. NT Maxx continues to render service
In line with plans of the customer following the
completion of buying process.
Attractive regions change depending on
the expectation of customer
In recent years, investing in property in the
United Kingdom, especially in London has
become a remarkable investment alterna-
tive for both the residents of this country and
the international investors who want to earn
profit. The outstanding regions for investment
change based on the budget and investment
expectation of the person.
“London has entered into a renewal process in
which conventional architecture and modern
architecture are adapted. Sizable investments
in housing and business centres start from the
first region and continues till the sixth regions
of North settlements,” said Kılıçarslan. She
kept giving tips for choosing region in property
investment:
“These regions will be inviting if customer ex-
pects being involved in a brand-new project.
Nevertheless, investment costs of the regions
are too high and term of return on investment
is long term. If customer wants to convert his
investment into cash in short term, the ideal
option is either to buy and renovate old hous-
es on the route of metro lines and in the re-
gion of favourite schools, and then sell them
or to buy such old properties, divide them into
separate flats and them sell them. Showing
certain regions as attractive locations is not
right, because any region which meets the ex-
pectations of customer is always attractive.”
Even though she did not point out a definite
region, she talked as follows: “I live in King-
ston Upon Thames region. Most of the Turkish
families who have recently begun to live pre-
ferred Richmond, Kingston, Wimbledon and
Putney due to the successful schools in these
regions, easy access and social environment.”
The ideal buying method should be
chosen
Here are the methods of buying a house or
flat in the United Kingdom… There are two
methods: freehold and leasehold. Leasehold
provides ownership of a definite term between
100 and 1000 years. Besides, territory of the
property is not owned by the buyer. Instead,
buyer makes an annual payment for territory.
As the term decreases, processes such as re-
ducing the sale price and extending the year
in return for its value need to be carried out.
In Leasehold, the permission of landowner
should be received for any renovation.
Freehold is possible for separate houses and
the buildings turned from house to flat. This
category is dived into freehold and sharehold.
In both sale types, title deed of the house or
flat as well as the territory belongs to the buyer
and any other value does not need to be paid.
“This system usually resemble the system ap-
plied in Turkey, so we advise this alternative to
our Turkish customers,” said Kılıçarslan.
Mortgage does no cover renovation
cost
Another point should be considered during
the process of buying house. If an old house
which requires maintenance is purchased, re-
ceiving interior architecture and repair services
raise the value of house. If the house will be
rented out, certain conditions need to be met.
Kılıçarslan underlined that renovation expenses
are not covered by mortgage. “Mortgage pays
only a definite ratio of the house price deter-
mined by the appraiser sent to house by the
bank. You may have to use other loans or your
own resources to pay for the other expenses.
Costs vary based on the demands of customer
and condition of the house,” said she.
36
36
Elif Shafak:
“Roots	are	plural,	not	singular!”
Nominated for the Booker Prize with her last
novel	“10	Minutes	38	Seconds”,	Elif	Shafak	
touched	on	the	signifi
	cance	of	her	readers	and	
stated that she does not care criticisms of the
elite class. Shafak talked about her authorship
on Istanbul - London line, phenomenon of
migration and the criticisms directed to her in
Turkey.
The newest novel of Elif Shafak, “10
Minutes 38 Seconds in This Strange
World” was published in June. The nov-
elist was criticized for including paedo-
phile	elements	in	her	novel	“The	Gaze.”	
Besides, she was accused of plagiarism
in	her	novels	“Honour”	and	“Architect’s	
Apprentice.”	Last	book	of	the	ingenious	
author	“10	Minutes	38	Seconds	in	This	
Strange	World”	was	shortlisted	for	one	
of the world’s most reputable literary
awards, the Booker Prize.
INTERVIEW
Interview: Nida Dinçtürk
Photos: Ali Köse
According	to	the	recent	scientifi
	c	stud-
ies, activity of the human brain contin-
ues for a while after death. This period
may	last	10	minutes	38	seconds	at	most.	
The theme of the novel is based on this
subject. Shafak focuses on 10 minutes
38	seconds	following	the	death	of	a	sex	
worker named Tequila Leyla who lives
in Istanbul. The novel is enhanced with
several elements such as last moments
of Leyla, late political history of Turkey,
women and LGBTI+ rights, urban mem-
ory, family, friendship, migration and
alterity which are nourished from each
other and constitute almost the whole
shoot of life in Turkey.
Your novel “10 Minutes 38 Seconds”
has been shortlisted for the Booker
Prize. How do you feel?
I’m blissful. I’m honoured by being
nominated for such a substantial literary
award as a Turkish novelist. Authorship
requires isolation from social environ-
ment, therefore seeing that my readers
AFTERNOON TEA
37
37
like me after publishing of this book, my
story affected their hearts and minds,
and it is felt by them as well... This is
always invaluable for me. It has been
25	years	since	the	publishing	of	my	fi
	rst	
novel. Being nominated for the Booker
Prize	in	the	25th	year	of	my	career	is	a	
fantastic gift.
I’M VERY FAMILIAR WITH
STAYING IN LIMBO
10 Minutes 38 Seconds is a multi-level
book. For me, the first salient point
is that it is a narrative of “those who
belong to nowhere.” Namely, to the
city, own body, life… What made you
pursue those people?
I think minorities have always become
an essential part of my literature. Ethni-
cal, cultural and sexual minorities. All the
time, I’ve cared for the stories of rejected
and marginalized people as well as the
deleted stories, in other words out his-
tory. Both in the past and today. That’s
why I listened to my heart and preferred
telling the story of the individuals pulled
off the road, rather than the ones in the
centre.	My	life	has	a	primary	infl
	uence	
on this. Secondly, my character affects.
I’ve felt marginalized so many times
since my childhood! I was born abroad.
I came to Ankara from Strasburg. I was
raised by two women: my mother and
my grandmother. I never grew in an
ordinary family environment. For ex-
ample, I recognized my father and my
step brothers from his second marriage
too late. I was twenty something. Later,
I went abroad to have education. I was
the only Turk there. I felt marginalized
again. I returned, but continued to feel
like an isolated stranger. Hence I’m very
familiar with listening out the stories of
others.	I	don’t	act	superfi
	cially.	Having	
no sense of belonging, trying to hold
on, staying in limbo… Therefore names
and subjects of my books aren’t coinci-
dence. I’ve usually experienced being
in limbo and failing at holding on. I’m
quite familiar with those feelings.
“MY LITERATURE HAS A
CONNECTION WITH ISTANBUL”
You’ve been in London for a while.
You define here as your home. On the
other hand, I know your attachment
for Turkey. To which place do you feel
you belong? Do you feel you stay in
limbo?
According to me, people may belong
to more than one place. I’ve always
objected to a single identity, especially
the policy of being reduced to a single
identity, so I was criticized for being
rootless. I think roots are already plural,
not singular. Namely, you’re nourished
by many places. Even, I always relish the
metaphor of compass: My literature has
a	connection	with	İstanbul	like	the	fi
	xed	
foot of a compass. However, the other
foot of the compass can draw a huge
circle and stroll around the world. Litera-
ture can be both local and universal. I
believe in this principle from the heart.
I approach to nationalism, tribalism
and collective identities quite critically.
I think limbo where you’re alone is the
ideal location for art. You stay not only
deep inside in everything, but also out
of everything a little bit. Perhaps, this is
loneliness for the artist, but it’s the right
point.
BRAIN DRAIN OF TURKEY GAINS
MOMENTUM
Migration is another influential ele-
ment in “10 Minutes 38 Seconds.”
You had focused on the twinges of
migration in “Honour.” Nevertheless,
there’s a remarkable white-collar mi-
gration other than migration of work-
ers, in Turkey today because of some
reasons such as education, working,
sexual orientation and sexual identity.
What do you think about this issue?
“
Literature
embraces
troublesome
topics.
Unfortunately,
sexual
discrimination,
sexual violence
and child
marriages in
Turkey are
the facts of
our lives. In
my opinion,
politicians
should
primarily
change the
patriarchal
laws if they’re
intimate.
“
38
38
I attach utmost importance to this ques-
tion.	 There’s	 a	 signifi
	cant	 migration	
wave from Turkey. This issue needs to
be analysed and searched. Brain drain
is the other side of the coin. It’s a great
loss for a country. Brain drain has gained
momentum as Turkey began to lose de-
mocracy and hope for democracy. An
article regarding this subject was re-
cently published in the New York Times.
Brain drain of Turkey particularly within
the last three years paints a picture as
if our country has undergone a great
civil war or substantial tragedies. On the
other side, more people recognize dif-
ferent cultures, learn various languages
and express themselves. Perhaps, they
adopt the identity of global citizen. This
is the promising aspect of brain drain.
It’s very interesting to witness that the
people who won’t share even a bread
easily are in solidarity abroad with the
sense of homesickness and even ex-
ile. I see that the solidarity networks
strengthen as the diversity and migra-
tion reasons of Turkish citizens abroad
increase. We may call it diaspora. This
is a pro, but ultimately, I wish Turkey
gains its democracy soon. Brain drain is
directly associated with it. Momentum
of brain drain shows the abundance
of people feeling unwelcome in their
country.
I MIND THE INSPIRATION AND
SINCERE ENERGY OF THE
READER
In Turkey, you’re not only liked, but
also criticized for your literature,
statements and political stance. What
are the reasons?
Turkey is already such a place! Unfortu-
nately, almost everyone has to deal with
negativities! But you may get more re-
actions if you’re a novelist and woman
and begin to question different ideas. In
particular, elite class, including cultural
and political elites may react consider-
ably. I’m very familiar with this issue as
well. On the other hand, our country
has very nice and inseparable readers
of literature. I think readers are gener-
ally treated unfairly, because they don’t
clamour, they don’t write opinion col-
umns in newspapers, they don’t talk
on TV and they are pretty intimate. The
readers of literature in Turkey share a
book only if they like it. Otherwise, they
don’t read no matter what they say. I
always mind the inspiration and sincere
energy of the reader. Obviously, I didn’t
give weight to reactions of elite class.
According	to	me,	you	can’t	fi
	nd	place	
in public sphere as a women if you sink
into the destructive criticisms too much.
Besides, I’m aware of that the way of
criticizing a female novelist is never the
same with the way of criticizing a male
novelist. You’re always underestimated
and disdained if you’re a woman, so it’s
more challenging for female journalists,
academicians, politicians and authors
in a patriarchal country like Turkey. All
in all, I do the work I enjoy. Therefore
I don’t care who wrote about me and
what they said, so much. Several col-
umnists In Turkey may criticize a book
which they didn’t read, hence con-
sidering the criticisms of such people
isn’t logical. I only listen to my readers.
Those who criticize my novels sincerely
are always most welcome.
You concentrate on women’s rights
very intensely in this book. Do you
think Turkey has really made progress
in women’s rights?
I don’t think so. On the contrary, I think
Turkey has regressed about this issue
and this isn’t a coincidence. The narra-
tive ends in 1990. I wanted to remind
the terrible discussion made in that peri-
od. How dare lawmakers suggest remis-
sion	for	raping	prostitutes	at	that	time?	
They	received	a	signifi
	cant	reaction	of	
society. Women were in more solidarity.
However, we lost that such unity today.
uuu
“
But you may
get more
reactions
if you’re
a novelist
and woman
and begin
to question
different ideas.
In particular,
elite class,
including
cultural and
political elites
may react
considerably.
“
39
TurkishBritish
39
TurkishBritish
I’d like to call attention to this issue.
Women disintegrated further as the
politics in Turkey got ill-tempered and
become patriarchal. Despite having
different opinions and perspectives,
we own common points. We can solve
the sexual abuse problem jointly if
it affects all of us. The women in the
countries like Turkey are obliged to
show solidarity beyond politics. Nev-
ertheless, we can’t achieve this. Thus,
only patriarchal minds win.
One of the characters I cared most
in this novel is a transvestite, Nalan.
You know Pride March is banned in
Turkey for a while. In contrary, the
Pride March in London has witnessed
record attendance this year. How do
you feel about this adversity?
Here, the Major provides great sup-
port to this event as well. According to
me, support of a Muslim major in such
an organization is crucial. Huge ban-
ners are unfurled here every year. They
send promotive messages to support-
ers	of	the	Pride	March	in	İstanbul	which	
couldn’t be held. This is invaluable for
me. I can’t understand why some peo-
ple are treated like a second-class citi-
zen for their sexual identities, ethnical
identities or any reason… Hence I be-
lieve in LGBTI rights sincerely and ad-
vocate and support them. I think this is
an issue to be discussed emphatically.
After	the	book	named	“Zümrüt	Apart-
ment”	 caused	 indignation,	 your	 novel	
“The	Gaze”	was	criticized	severely	for	
containing statements associated with
paedophilia.
It’s not easy for a novelist in Turkey
to question the political taboos. Fur-
thermore, writing about sexuality is
challenging, particularly for female au-
thors. The recent hysteria in our coun-
try	 majorly	 (95%	 of	 it)	 consists	 of	 the	
messages spread by bots and trolls. In
other words, they are not the reactions
of readers. First, we should separate
them. Literature embraces troublesome
topics. Unfortunately, sexual discrimina-
tion, sexual violence and kid brides in
Turkey are the facts of our lives. In my
opinion, politicians should primarily
change the patriarchal laws if they’re
intimate. First, the judges who made
bold to speak about the skirt length
of female lawyers at courts should be
questioned. Moreover, they need to
open women’s shelter for the women
and children subjected to violence. In
contrast, women’s shelters are closed.
Instead of messing with the state-
ments of authors, many serious prob-
lems should be addressed. Disingenu-
ity is at the highest level. To talk about
my literature, I’ve always defended the
rights of women, sexual minorities, hu-
man and children as well as freedom of
speech. All the time, I’ve tried to tell
the stories of others from their aspect.
For this reason, being exposed to such
severe	criticisms	hurts	me	signifi
	cantly.
“THE COUNTRIES LACK OF DE-
MOCRACY LOSE THEIR SENSE OF
HUMOUR”
I’ve felt that you included more hu-
morous expressions in this novel,
compared to the former ones. I read
the part about cemetery chucklingly
even though it’s a quite sorrow-
ful scene. Did you write in this way
knowingly? And why?
In fact, I believe in a dialectic whole-
heartedly. I adore humour and set a
premium on it. I’ll come to the same
point, but I think the countries exposed
to authoritarianism lose their sense
of humour. Humour is a kind of resist-
ance. Humour is oxygen and opens a
breathing space for us. I show utmost
respect to humour and regard it as an
art branch. I place special emphasis on
a dialectic for authors as well: I enjoy
touching on the tragic subjects with hu-
mour. I enjoy capturing the melancholy
in humour as well. May be, such dialec-
tic is included in all novels I wrote, with
different intensities. You’re right, my last
novel contains more remarkable, bolder
and more assertive humour. By the way,
I don’t mean patronizing, sneering and
condescending humour here. I mention
humour which is compassionate, so I
exist in my humour as well. I may laugh
at myself, but kindly. According to me,
that compassion should always accom-
pany with humour.
“
To talk about
my literature,
I’ve always
defended
the rights of
women, sexual
minorities,
human and
children
as well as
freedom of
speech. All
the time, I’ve
tried to tell
the stories of
others from
their aspect.
For this
reason, being
exposed to
such severe
criticisms
hurts me
significantly.
“
40
40
UK - Turkey Business Forum
held in Istanbul
The 10th UK-Turkey Business Forum, which brought together the business
communities of both countries, covered a wide range of issues including post-
Brexit	 perspective,	 advanced	 technology,	 fi
	nance	 and	 infrastructure,	 energy,	
manufacturing	and	construction.	“Turkey	is	one	of	the	major	investment	centres	
with	a	really	strong	economy”	said	TBCCI	Chairman	Alderman	Emma	Edhem.
The 10th UK-Turkey Business Forum, to
which Turkish British Magazine was an at-
tendee as well, was held in Hilton Istanbul Bos-
phorus.
The opening speech of the 10th forum, which
was organised by the Turkish British Cham-
ber of Commerce and Industry (TBCCI) with
the contributions of the Presidency of the
Republic	of	Turkey	Investment	Offi
	ce	and	the	
Foreign Economic Relations Board of Turkey
(DEIK), was made by TBCCI Chairman Alder-
man	Emma	Edhem.	“Both	countries	have	really	
solid political, social and economic relations.
Turkey is one of the most important investment
centres	with	a	strong	economy”	she	said.	The	
forum was attended by numerous guests, in-
cluding the British Ambassador to Turkey Sir
Dominick Chilcott.
“Turkey is one of the
major markets in the
world”
Mentioning the op-
portunities that will
arise in the post-Brexit
period in her speech,
Emma Edhem said
“Brexit	brings	signifi
	cant	opportunities	for	Tur-
key to develop its economic and commercial
relations with the UK. One of the main reasons
for this is that the UK will develop an independ-
ent commercial policy upon leaving the EU. In
particular, the main objective of the UK is to
improve our current and future business rela-
tions	as	much	as	possible.”
Drawing attention to the fact that especially
the innovation companies operating in Turkey
and other regional countries still prefer the UK
market to reach to customers, Emma Edham
said	“Both	countries	have	really	solid	political,	
social and economic relations. Turkey is one
of the most important investment centres with
a strong economy. Along with its young and
hardworking population, liberal investment en-
vironment with the labour force in high-quality,
strong infrastructure, geographical advantage
by its proximity to the world`s energy hubs, and
the low tax rates and investment incentives of-
fered by the Turkish government, Turkey is one
of	the	most	important	markets	in	the	world.”
“$2,4 billion at risk
to the detriment of
Turkey!”
In her speech, Trade
Minister Ruhsar
Pekcan said that UK
Trade Minister Eliza-
beth Truss’s statement
“We	will	establish	free	
trade	zones	and	ports	in	the	UK	after	Brexit”	
overlaps with Turkey`s ongoing projects in
this country. In addition, she pointed out that
as there may be some problems in the post-
Brexit era with regards to customs duties and
customs clearance procedures, they have es-
tablished a special working group to deal with
these issues.
Minister Pekcan said that Turkey seems to be
the most negatively affected country in a no-
deal	Brexit	situation.	“The	UN’s	reports	show	
that	$2.4	billion	worth	of	trade	between	Turkey	
and the UK is at risk to the detriment of Tur-
key. Our own studies, impact analyses, and the
results of our consultations with international
consultancy	fi
	rms,	show	the	loss	could	go	up	to	
3 billion dollars. Automotive, textiles, apparel,
white goods and electronics are the most af-
fected sectors. $2 billion in the automotive sec-
tor, $1.3 billion in textiles and electronics, and
BUSINESS
41
TurkishBritish
41
TurkishBritish
$500	million	in	white	goods	will,	unfortunately,	
be	affected.”	he	said.
“We invite British in-
vestors to invest in
Turkey”
Chief of the Presiden-
tial	 Investment	 Offi
	ce	
Arta	 Ermut	 said	 “We	
invite British investors
to invest in Turkey.
There are great oppor-
tunities	here.”	Pointing	out	to	the	ambiguities	
caused	by	Brexit,	Ermut	said	“This	process	un-
doubtedly raises some concerns. As the world
goes through such a period, such ambiguities
bring opportunities along with concerns. Our
professional colleagues in the private sector
have great experience in crisis management
and how to recover immediately. Turkey has
a proven track record in emerging markets in
bouncing	back	from	the	crisis”	he	said.
Stressing	 the	 regional	 confl
	icts	 and	 crises	
around	Turkey,	Ermut	said:	“We,	as	Turkey,	are	
located in this region for centuries. We know
how to survive in times of crises. We cannot ex-
pect the West to fully understand our situation.
This region contains many opportunities as well
as having many crises. We ask our allies to trust
our experience, especially our crisis manage-
ment experience. Foreign direct investment to
Turkey is under constitutional protection. We
want stability not only for Turkey, but also for
the	wider	region.”	he	said.
“Maintaining a strong
partnership is to the
benefit of Turkey and
the UK”
Highlighting the fact
that the UK has been
one of the most impor-
tant allies of Turkey for
many years, Turkey-UK
Business Council Presi-
dent of DEIK Remzi Gür stated that the bilat-
eral relationship between the two countries
dates	back	to	1500s.	Noting	that	the	economic	
relations between Turkey and the UK should
be considered in a different perspective in the
context of Brexit-related changes looming on
the	horizon,	Gur	said	“Regardless	of	the	evolu-
tion	of	the	state	of	affairs,	I	see	great	benefi
	t	to	
both countries in maintaining the strong part-
nership between them. Turkey`s participation
in Britain’s agreements with other countries as
a trade partner will be in the interest of both
sides.“	He	said	that	especially	the	operations	
of three thousand British companies in Turkey
and	the	fact	that	the	UK	ranks	in	the	fi
	rst	four	
biggest investor countries in Turkey are among
the main factors behind the strengthening
partnership between the two countries.
One out of every three televisions
sold in the UK is Vestel!
Vestel’s	CEO	Turan	Erdoğan,	one	of	the	speak-
ers	at	the	forum,	said	that	with	its	400	employ-
ees, Vestel has been operating in the UK for
over	30	years	since	1985	and	exporting	to	this	
country.
Pointing that one out of every three televisions
sold	in	the	UK	is	Vestel,	Erdoğan	told	that	they	
manufacture for 19 different brands in Turkey
and sell their products in the UK under various
brands.
Mentioning the fact that Vestel’s total turnover
in	the	UK	reached	£300	million,	Erdoğan	said	
that the company’s decision regarding moving
their HQ to London will be shaped by the result
of Brexit process.
Erdoğan	 also	 touched	 upon	 the	 Brexit	 pro-
cess,	 fi
	nished	 by	 saying:	 “If	 a	 no-deal	 Brexit	
happens, there will happen many negotiations
between Turkey and the UK and Turkey will
become a third country as a result. Both sides
need to shoulder responsibility on that matter.
We	are	more	than	satisfi
	ed	with	our	conditions	
in the UK and I hope that very rational solutions
can be found and the discussions and negotia-
tions	ahead	of	us	will	have	a	positive	result.”
42
Panel on Brexit by DEIK’s
Turkey - UK Business Council
Ambassador Faruk Kaymakçı, was one of the speakers in the “Turkey-UK Business
Council Brexit Panel” organised by DEIK, where experts commented on the report
regarding the opportunities and risks that Brexit would present for the relations
between the UK and Turkey.
The most comprehensive report on Brexit in
Turkey, “The Political and Economic Risks
and Opportunities in the Turkey-UK-EU Rela-
tions”, was prepared and presented by the
Foreign Economic Relations Board of Turkey
(DEIK) in the “Turkey and the Brexit Process:
Risks and Opportunities” seminar hosted and
organised by DEIK’s Turkey-UK Business Coun-
cil.The report outlined the risks and opportuni-
ties that Turkey may be faced with, under the
various scenarios of the Brexit process. It was
emphasized that Turkey should sign a Free
Trade Agreement with the UK and become a
party to the Customs Union agreements, forth-
with.
The Turkey-UK Business Council’s “Turkey and
the Brexit Process: Risks and Opportunities”
event took place in Istanbul on 18 Septem-
ber 2019, with the participation of Mr. Faruk
Kaymakçı, the Turkish Deputy Minister of For-
eign Affairs, Mr. Dominick Chilcott, the UK
Ambassador in Ankara, Ms. Judith Slater Brit-
ish Consulate-General in Istanbul, Mr. Remzi
Gür, President of the DEIK Turkey UK Business
Council, Ms. Elif Gürsoy, the Director General
for EU and Foreign Affairs of the Ministry of
Economy, Assoc. Prof. Yaprak Gürsoy, Faculty
of Aston University, and Ms. Nicola Walker Di-
rector of Government Affairs, Europe, of the
Ford Motor Company.
The opening remarks in the “Turkey-UK Busi-
ness Council Panel on Brexit” organised by
DEIK were presented by Mr. Faruk Kaymakçı,
the Deputy Minister of Foreign Affairs and Di-
rector of EU Affairs. Pointing out that a referen-
dum was held in the UK in 2016, Kaymakçı said
that “All of the current arguments are based
on the results of this referendum. The results
gave rise to an ambiguity. The UK historically
held two referendums with regard to the EU
[membership]”.
Kaymakçı further added that “If the UK leaves
the EU today, taking out
those people who voted
in the referendum in 2016
and have passed away in
the meantime and with-
out adding new voters,
then Brexit itself becomes
automatically void. 80%
of the young people voted
for UK to remain in the EU.” Pointing out that
this referendum had actually not been bind-
ing, Kaymakçı said the following: “This refer-
endum is of an advisory nature. If you are in
the continent of Europe, you do not have the
luxury of staying outside the EU. I deem that
EU membership, 90 out of 100, is a benefit. In
my opinion Brexit will harm the EU, the UK as
well as Turkey. One of the subjects we address
in the negotiations with the UK is Cyprus. As
you know, the UK has bases in the island of Cy-
prus.”
“Turkey’s exports to the UK is
18.6 billion USD.”
Mr. Remzi Gür, President of the DEIK Turkey-
UK Business Council commented that “The UK
is Turkey’s second largest partner in Europe.
In 2016, Britain considered leaving the Euro-
BUSINESS
43
TurkishBritish
pean Union. We tried to enter the EU, but we
could not. The UK wants to leave for particular
reasons, but the separation process has yet to
be decided by the UK and the EU” he said.
Noting that Britain’s invest-
ment in Turkey is around 10
billion dollars, Gür added
that, “Close to 3 thousand
UK businessmen are doing
business in Turkey. Since
Turkey’s exports to the UK
are $18.6 billion, what will
be our losses if the UK
leaves the EU without a deal? According to
the Minister of Trade, Turkey could lose $2.5
billion or $3 billion in such a case. I think the
UK will recover and continue its trade in a short
time. Britain is one of the largest countries in
the world. If we also suffer from this situation, I
think we will recover in a short time.”
“In case of Brexit with a deal, an FTA can be
signed with Turkey“
Speaking at the opening of the event, the
British Ambassador to Ankara, Mr. Dominick
Chilcott said that the rela-
tions between Britain and
Turkey would be good in
the long term, however the
short term could be a little
turbulent. Stressing that
Brexit is one of the main
factors that will determine
the relations between the
two countries, Chilcott said, “If a hard Brexit
occurs, we will have some important legal
and administrative challenges ahead of us.”
Chilcott noted that Brexit is a very complicated
process and there are too many variables: “No
one knows how to solve this problem and how
long it will last. Maybe a general election can
be held this fall, maybe not.” Dominick Chilcott
said there would be a transition period in the
case of a negotiated Brexit, during which time
things would continue as they were with the
EU, parallel to which a free trade agreement
(FTA) could be signed between Turkey and the
UK. Chilcott stressed that the FTA should be
signed between the two countries as soon as
possible and that this would depend on the
political will of the two governments. Post-
Brexit, relations with Turkey will be one of the
most important relations for the UK, Chilcott
said, “No matter which government is in pow-
er, our sentiments of mutual care will continue
and increase. These are both influential coun-
tries... How will we live as a neighbour to the
EU and how harmonised or how independent
we will be in regard to the EU... These are the
big questions we have in common.”
“The best scenario for us is for Britain to
remain in the Customs Union”
Dr. Yaprak Gürsoy, Asso-
ciate Professor at Aston
University, who presented
the report on Political
and Economic Risks and
Opportunities in Brexit:
Turkey-UK-EU Relations
said: “We have prepared
a comprehensive report in order to present
a historical perspective, to explain the Brexit
process, to share the political implications,
economic impacts and the results of a process
with an uncertain end, by compiling and col-
lecting the information we have obtained from
all sources.” The report pointed out that Turkey
will be the country most affected by the terms
of an economically harsh Brexit, Gürsoy added
that, “Bilateral efforts should continue to sign
an free trade agreement between the UK and
Turkey, immediately. The best scenario for us
is for Britain to remain in the Customs Union.”
44
BUSINESS
“Turkey will reach
45 million tourists”
President of TÜRSAB, Firuz Bağlıkaya said:
“When we look at the data on the number
of tourists who come to Turkey in the
course of 8 months, we get a percentage
of 14, whereas in August there is an
increase of 17 percent.”
President of TÜRSAB Firuz Bağlıkaya
said; “When we look at the data on
the number of tourists who come to
Turkey in the course of 8 months, we
get a percentage of 14, while in August
there is an increase of 17 percent. Tur-
key would then break a new record if
it succeeds in reaching these figures.”
In a statement with a correspondent
of the Anadolu agency, Bağlıkaya ex-
plained: “The importance of the Black
Sea region with its highlands and natu-
ral beauties goes beyond domestic
tourism as it begins to play an impor-
tant part of foreign tourism. Stressing
that the role the nature of the Black
Sea, its oxygen reserves and its cultural
assets play in tourism is growing day
by day. He expressed himself noted
“Compared to the Mediterranean and
Aegean regions, we cannot say that
it hosts enough tourists, but TURSAB
is working to increase the number of
tourists.”
While drawing attention to the fact
that the number of tourists in Turkey
has increased compared to last year
Bağlıkaya, continued and said: ”When
we look at the data on the number of
tourists who come to Turkey in the race
of 8 months, we get a percentage of 14,
while there is an increase of 17 percent.
45
TurkishBritish
Turkey would then break a new record
if it succeeds in reaching these figures.
We also expect to break records in the
coming year and the number of tour-
ists will increase. As long as peace and
trust reign in our country, these num-
bers will increase every day.“
Emphasizing the fact that TÜRSAB is
working for the promotion of Turkey
Bağlıkaya said, “We will bring the travel
agency to the international fair, we will
occupy big stands in this fair. We will
bring the representatives of foreign
missions and Ambassadors serving
in Turkey in different places. In other
words, our union is more engaged than
ever in tourism and does not deal with
any other activity.” Noting that differ-
entiations such as “Arab, Russian” tour-
ists should not be used Bağlıkaya, said:
“We welcome various tourists for each
region of our country. Tourists from
some countries prefer the sea and
sand, while others are more interest-
ed in hot springs and nature tourism.
Some come for health tourism, others
for golf. We have the place that suits
everyone. It makes us happy that any
tourist public comes a little more. Last
year, the number of British tourists has
seen an unusual increase. It does not
bother anyone, but people ask, “is
Arab tourists number growing? May
The number of Arab tourists increase,
It is a very good thing. I wish more
tourists could come to our country. “
46
BUSINESS EVENTS
Turkey to be featured
at the WTM Tourism Fair
World Travel Market (WTM), which brings together the world’s tourism giants, is
setting	a	new	record	this	year.	The	fair,	which	will	be	held	from	4	to	6	November,	
will guide the new trends in tourism.
The World Travel Market (WTM), one
of the world ‘s largest tourist gather-
ings,	opens	its	doors	for	its	40th		edi-
tion this year. WTM London 2019, to be
held at the Excel London International
Convention	Centre	from	4	to	6	Novem-
ber 2019, should be completed with a
record level comparable to that of last
year. Bringing together the global tour-
ism industry, the trade show was held
last	year	with	the	participation	of	5,000	
companies	 from	 182	 countries.51,000	
people attended the fair, where in-
dustrial	 agreements	 worth	 £2.8	 billion	
books have been concluded. The 2019
WTM is expected to set new records
above these numbers.
Turkish companies will be
present at the fair
As in previous years, WTM London will one
more time see the participation of many
Turkish companies in this year. The Associa-
tion of Turkey Travel Agencies (TÜRSAB), will
participate in the exhibition with a stand of
120 m2
. The members of TÜRSAB who do not
have stands at the fair but wishing to organ-
ize meetings will be free to use the TÜRSAB
stands for meetings and business talks.
Izmir Development Agency, Belek Tourism In-
vestor Association (BETUYAB) Titanic Hotels,
MC Tourist Services, Diana Travel and OTI
Holding will also have stands at the fair.
What is on the agenda for WTM 2019?
Wendy Olson Killion, Global Vice President of
Expedia Group Media Solutions, will be a key-
note speaker at the Fair. In her speech to be
held	the	5th	of	November	speech	at	4:15	pm,	
Killion will focus on the success of new tech-
nologies used in tourism; she will also focus
on the needs of the customer. Travel Forward
London, organized as part of WTM, will meet
visitors	as	the	fi
	rst	exciting	event	presenting	
technologies and start-ups that can be used
in the travel industry.
On	 November	 6th,	 the	 winners	 will	 receive	
the “Best of Social Media” awards for their
national campaigns. At the WTM & Women
in Travel event, featuring women leaders in
the sector, participants will focus on entrepre-
neurship, mentoring, leadership, professional
and personal development.
In the session entitled ‘’Travel Leaders Speak:
UK Travel Markets – What to Expect in 2020’’
the state of national and international tourism
of the country during the previous year will be
evaluated and the effect Brexit is having and
will have on the markets will be discussed.
London Build 2019 Expo
27	-	28	November	2019,	Olympia	London	–	National	Hall	
The London Build 2019 Expo, where Turkish British Magazine will be the event
partner,	will	be	held	between	27-28	November	in	Olympia	London.	Attend	to	
learn of all the latest developments and opportunities in residential, commercial
and infrastructure build across Greater London and the UK.
London Build Expo, which will be
held	 in	 Olympia	 London	 on	 27-28	
November,	 has	 fi
	rmly	 established	 the	
reputation as the leading construction
and design show in the UK. The show is
free	to	attend	and	features	500+	speak-
ers,	 220+	 hours	 of	 CPD,	 350+	 exhibi-
tors and unrivalled networking events.
You can attend to learn of all the latest
developments and opportunities in resi-
dential, commercial and infrastructure
build across Greater London and the
UK.
London Build features the Festival of
Construction - making business in con-
struction fun. You can join thousands of
movers and shakers across the industry
as they come together for 2 jam packed
days of inspiring content, high level net-
working and entertainment including
live music, celebrity guests, street food,
beer festivals, prize giveaways and per-
formers, plus much more.
During the expo, you can connect with
25,000+	 industry	 professionals	 and	
meet	senior	fi
	gures	from	across	all	top	
100 companies from tier 1 contractors,
general contractors, architects, devel-
opers, house builders, engineers, gov-
ernment and 33 local councils across
greater London. This is the place to be if
you are keen to position yourself in front
of all the UK construction industry’s key
players.
Exciting networking events and
feature areas for 2019 include:
•	 Women	in	Construction	
•	 Constructionline	Meet	the	Buyers
•	 Festival	of	Construction
•	 LinkedIn	Networking	Lounge
•	 Humans	of	Construction	Gallery	
•	 Movement	with	Movember	–	First	of	its	
kind collaboration! Prepare for a mous-
tache growing record attempt from the
construction industry
•	 Hub	in	the	Pub	–	in	partnership	with	the	
CIOB
•	 Built	Environment	Networking	Hub	
•	 LGBT	Feature
•		Architects	 Hub	 featuring	 the	 latest	 ar-
chitectural designs and 3D models
across the capital
•		Many	more	to	be	announced	soon.
Find out more about the show and reg-
ister for your free tickets:
W: www.londonbuildexpo.com/Turkish-
BritishMagazine2019
P:	0203	058	2350
E: enquiries@londonbuildexpo.com
48
Infrastructure investment
opportunities in Turkey!
EEL Events is proud to introduce its
8th PPP in Turkey Forum, taking place
on 13-14 November in Ankara.
innovation in project delivery can solve
challenges that PPP stakeholders have
recently faced.
Despite a large number of projects slat-
ed for implementation in the PPP sys-
tem, Turkey’s investment need in infra-
structure development is still significant.
It is calculated that in years 2016-2040
the investment requirement will reach
$975 bn of which approx $580 bn in
transport, $240 bn in energy, and $50
bn in the water sector.
Within the healthcare sector, Turkey
also has more opportunities in the pipe-
line. With 9 hospitals built already and
12 under construction, the government
has started a tender process to build 10
more city hospitals of the total capacity
of 12,300 beds.
https://eelevents.co.uk/
The event is the leading business
meeting bringing together a broad
range of speakers, panellists and discus-
sants to provide attendees with thought-
provoking commentary on main PPP
sectors: Healthcare, Transport, Energy
and Municipal Waste & Water Manage-
ment, identified by the Turkish Govern-
ment as the top priority infrastructure
areas needed investments. According
to the latest market reports, the robust
performance and attractiveness of PPP
sector in Turkey are evident. Ranked first
in the European markets, only between
2014-2018, Turkey brought to live 175
PPP projects with an investment value
of $127 bn, significant portion of which
were megaprojects like Istanbul Airport,
the Eurasian Tunnel, 1915 Çanakkale
Bridge and Ankara-Niğde Highway, as
well as PPP city hospitals, build across
the country.
Market overview
The 2019 edition will continue to pro-
vide investors and infrastructure prac-
titioners with a comprehensive update
on recently completed and under
construction PPP project as well as to
review options on how to best deliver
newly planned investments with last-
ing outcomes. A particular focus will be
given to lessons learnt and best prac-
tices in legal and financial frameworks
as well as how various approaches and
BUSINESS EVENTS
I Meet Hotel begins its 2020 European tour
Through this insightful conferences, I
Meet Hotel aims to give hoteliers keys
to higher revenue, new technologies,
innovative business models, trends in
marketing and media, and customer
loyalty.	 By	 bringing	 together	 infl
	uen-
tial names in the hospitality industry
directly to the hoteliers who make the
decisions in the future of their estab-
lishment, I Meet Hotel serves as the
conduit to help build networks, busi-
ness opportunities, partnerships, and
sustainable services.
IMeet	Hotel	is	the	fi
	rst	global	industry	
event connecting hoteliers to the fu-
ture of hospitality and is making its next
stop in Istanbul at the Intercontinental
Hotel	on	January	15th,	2020.	The	con-
ference is geared to the regional com-
munity, however, the participants are
from hospitality groups that extend
globally. The event targets decision-
makers from each department in the
hospitality and travel industry, such as
sales, revenue, marketing, and business
development managers.
I Meet Hotel is funded solely by its ded-
icated sponsors. Sponsors of the event
not only provide the funds to produce
the event but are also directly involved
with the travel and hospitality industry.
By connecting sponsors directly to the
industry,	attendees	can	fi
	nd	useful	and	
innovative solutions from sponsors to
ensure they are at the forefront of the
ever-changing landscape of hospitality.
The event put emphasis on the net-
working session which enables all the
participants to get to know each other,
talk, exchange experiences and devel-
op new business and personal relations.
It is the perfect occasion to inspire and
be inspired.
I Meet Hotel aims to encourage inno-
vation and customer excellence in hos-
pitality by putting together leaders and
speakers who shape the future of the
industry. Returning as one of the key
speakers is Bidroom.com’s Co-founder
and COO Michael Ros. Bidroom was
founded	 in	 2014	 to	 provide	 both	 ho-
teliers and travelers with a fairer online
travel community whereby travelers
have guaranteed lower prices for rooms
and hotels pay no commission due to
Bidroom’s unique membership.
Michael says I Meet Hotel provides an
informal and more exclusive environ-
ment meant to build lasting connections
and relationships within the hospitality
industry. It is a great event because it
brings together those who are extreme-
ly passionate about hospitality .
The	conference	is	scheduled	for	4	addi-
tion stops during 2020, so, If you miss
the Istanbul edition, you will have the
opportunity to join in Amsterdam, Paris,
Verona or Montreux.
As I Meet Hotel is an open format pro-
gram, the organizers invite silip the
travel and hotel community to join in
different capacities. To register for the
event visit;
www.imeethotel.com. Additionally, to
express interest to speak or sponsor the
event in Istanbul, please email;
info@imeethotel.com.
Istanbul at the Intercontinental Hotel on January 15th, 2020
50
This year, Uzakrota will be organizing summit
with main sponsorship SKYhub, main sup-
porters Emirates Airline, Atlasglobal, and IRC
International Residency and Citizenship. This
year’s event further expands its concept and
content with the participation of more than
4.000	 local	 and	 foreign	 tourism	 professionals	
in	3	conference	rooms,	6	stages	and	addition	
Hotelspro B2B Area and HotelRunner Lounge.
Uzakrota Travel Summit which has chosen as
one of the most effective 10 tourism events by
Bidroom,	in	2018.	This	year	will	be	150	senior	
speakers,	more	than	500	tourism	brands,	more	
than	100	fair	participants	and	4000	local	and	
foreign tourism professionals at Uzakrota Travel
Summit.
SKYhub Main Hall, Neredekal Tourism Tech,
Emirates Tourism Marketing Halls, Turkish Air-
Uzakrota Travel Summit Istanbul
Hilton Istanbul Bosphorus on December 13th
After the Uzakrota European Summit in the Rocketspace London on 27 September
which	was	organized	with	the	participation	of	250	tourism	professionals,		summit	
will take place at the Hilton Istanbul Bosphorus on December 13th
which will
organize	with	participation	of	the	4000	people.
lines Corporate Club Travel Stage, Internation-
al Residency & Citizenship Stage and Startup
Stage	will	be	prepared	simultaneously	with	6	
different stages. In addition, will be provide
create new collaborations in the HotelRunner
Lounge and Hotelspro B2B Area.
Speakers becoming clear
Gabriele	Milani,	Director-Publicity	Offi
	ce	of	the	
Italian Ministry of Tourism, David Gunnarsso,
CEO-Meta Search’s brand Dohop, Marija Labo-
vic, Director-National Tourism Organization of
Serbia,	Yıldıray	Karaer,	CEO-Corendon	Airlines	
Group, Erkunt Öner, CEO-Tura Tourism, Baki
Özarslan,	CEO-Valstur,	Ayşe	Yağcı,	CEO-Jules	
Verne, Mary Papathanasiou, CEO-stglobe,
Hubert Viriot, CEO-Yotel Global, Chris Nader,
Vice	 President-Shaza	 Hotels,	 Harika	 Kızılhan,	
General Manager-Turk Ekspres, Ömer Küçük-
dere, CEO-Nestpick, Nikita Dedik, CEO-Road
Travel, Fernanda Barrence Mutz, CEO-The
Trip	 Boutique,	 Aslı	 Erkan,	 General	 Manager-
Aviareps	Turkey,	Beyhan	Çalık,	Business	Devel-
opment Manager-Travelport Turkey, with the
participation of these names below more than
150	speakers	will	be	at	Uzakrota	Travel	Summit	
2019.
For more information;
https://www.uzakrota.com/summit19
BUSINESS EVENTS
Turkish British magazine
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Turkish British magazine

  • 1. NEWS Thomas Cook‘s bankruptcy affected the World #TurkishBritishMag Top Investment: Buying a House in the UK General election to be held on December 12 as MPs vote to break Brexit paralysis European Union extends Brexit deadline to January 31, 2020 • Advantages and Risks • Mortgage Options • Booming Areas BUSINESS The 10th Turkey-UK Business Forum was held MARKETING Digital marketing is reshaped with artifi cial intelligence! CITY & LIFE Turkish fashion designers on stage at London Fashion Week TBMAG.CO.UK A magazine for Turkish and British Business People TurkishBritish N° 5 / NOVEMBER 2019 ENGLISH VERSION Interview: Elif Shafak; “Roots are plural, not singular!” DEIK Turkey - UK Business Council’s panel on Brexit Mobile Game Recontact: More exciting with Ross Mullan in London
  • 2. Products and services are subject to change depending on flight duration and aircraft.
  • 3. WELCOME TO A JOURNEY OF TASTE Enjoy your comfortable flight with a great variety of exquisite refreshments.
  • 4. From the Editor Dear readers, Welcome back to this new issue of Turkish British magazine. As we stated in our outward manifest, our magazine works at building a solid bridge between Turkey and England. We see that the magazine has earned followers and admiration both from Turkey and the UK. We are also excited about the increasing online reading and downloading rates after each issue; this shows us that we are on the right track. We continue to pursue our mission of making the business world visible in the two countries. Meanwhile, we were invited as a media organization to very important events in both countries and undertook the media sponsorship of various events by bringing together business people from both countries. We have followed up many events for you and brought them to our pages. We are also pleased to learn from your comments that our unique and updated news contents highlight the agenda of our community in the country. What’s in our new issue? Dear readers, Turkish British has once again prepared a special content for you this month. In our new issue, our cover focuses on; buying real estate from the UK, which has recently drawn attention as an attractive investment alternative. We prepared a detailed guide for potential buyers and investors. How to buy a house in the UK, which areas are booming, which areas are valuable, mortgage options, government schemes, new housing projects, insights into the post-Brexit real estate market and the opinions of experienced experts are all in our special guide. We also obtained interesting information while doing research to prepare the cover article. For example; according to offi cial fi gures, about 300,000 Londoners are moving to a new city or rural areas each year. It seems that people are leaving London on the one hand, and new people are replacing those who have left London. The cities around London are quite attractive right now. Because people can live in neighbouring cities that are within easy reach, in more affordable budgets than in London, but in larger houses. They don’t have to quit their jobs. We had a unique interview with the writer Elif Shafak, who has been living in London for a long time and who is an immigrant. Zehra Aydın, who describes herself as a “beginner Londoner, wrote about Hampstead for those who would like to have a pleasant day out. Thank you again for help us growing through your support. Enjoy your reading… Stay tuned, Ayla Torun, PhD Chief Editor
  • 5. 5
  • 6. 6 6 Publisher Afiş İletişim I Doruk Ltd. - UK. Editor-in-Chief Ayla Torun Ph.D, aylatorun@tbmag.co.uk Publication Coordinator Fevzi Kemal Torun, fevzi@tbmag.co.uk News and Content Coordinator Kevser Devecioğlu, kevser@tbmag.co.uk Editors Leyla Sali Janine Rahşan Gül Özge Gözke Ebru Atlan Tecirlioğlu editor@tbmag.co.uk Contributors in this Issue Barış Çimen Doruktan Türker E. Nida Dincturk Leyla Karakoç Murat Buyurgan Taylan Durmuş M. Yusuf Çoban Ozan Dağdeviren Zehra Aydın Advertising and Marketing Özge Gözke: +44 7379 833484 Taylan Durmuş: +44 7500 668914 Sıla Türkpencesi: +90 532 733 32 77 advertising@tbmag.co.uk Legal Advisors Hakan Lamper, Ecem Gündüz, Umut Gündüz Translations Ali Yildirim, Aysegul Bogrun, Ebru Sener, Evrim Ekiztaş, M. Yusuf Çoban, Leyla Sali Janine,Taylan Durmus Design and Implementation AFS Communication & Media afscomms.com Contact UK Tel: +44 20 8870 0565 +44 74 7117 9662 +44 74 9322 9001 TR Tel: +90 850 355 50 44 e-mail: contact@tbmag.co.uk tbmag.co.uk turkishbritishmag IN TURKISH BRITISH THIS MONTH FROM THE EDITOR 05 From Turkish British STATISTICS 10 United Kingdom in Numbers AT A GLANCE 12 General election set for December 12 as MPs vote to break Brexit paralysis 14 British tourism giant Thomas Cook’s bankruptcy affected the world 16 Hope for the Ankara Agreement case at the UK the Court of Appeal 18 A Turk to be featured in the British Royal Palace‘s advert “Let London think now” The ophthalmologist comes to you! 20 TurkishBank UK brings together UK banks and fntechs 22 The Post Brexit British – Turkish relationship was discussed in London 26 12
  • 8. 8 COVER 24 Buying a House in the UK • Advantages and risks • Mortgage opportunities • Booming areas INTERVIEW 36 Elif Shafak; “Roots are plural, not singular!” BUSINESS WORLD 40 UK - Turkey Business Forum held in Istanbul 42 Panel on Brexit by DEIK’s Turkey - UK Business Council 44 “Turkey will reach 45 million tourists” BUSINESS EVENTS 46 Turkey to be featured at the WTM Tourism Fair 47 London Build Expo 2019 48 Infrastructure investment opportunities in Turkey! 49 I Meet Hotel begins its 2020 European tour 50 Uzakrota Travel Summit Istanbul 52 International Medical Travel Show Dubai 2020 IN TURKISH BRITISH THIS MONTH ENTREPRENEURSHIP 53 4 lessons I learned in 4 years as an entrepreneur DIGITAL TECHNOLOGY 56 Born in Istanbul, encapsulated the World 58 Digital marketing is reshaped with artificial intelligence! E-COMMERCE 60 Getting started with Amazon FBA Online EDUCATION 62 First rule in language education: Choosing the right school BUSINESS WOMEN NETWORK 64 A photograph of flavor 66 She designs new products before they become trends! 67 Crisp Studio brings style to the table CITY AND LIFE GOURMET 68 The modern face of Turkish Cuisine FASHION 72 Turkish fashion designers on stage at London Fashion Week LONDON 76 A local experience: Hampstead CULTURE & ART 78 The gates of history reopened 79 Osman Hamdi Bey’s ‘Koranic Instruction’ sold for £4.6 mln Turkey’s first photorealist painter, Nur Koçak’s Works in SALT. 36 51 56
  • 9. 9 9 Business solutions, tailored accounting services, tax, advisory, wills & probate and more … London: +44 (0) 20 7226 1199 | Manchester: +44 (0) 161 446 2112 info@sterlingpartners.co.uk | sterlingpartners.co.uk Our London office is located in an area which has undergone an enormous change in the past 15 years. There has been 40% business growth since 2010 with particular emphasis on the hospitality, tech and creative sectors. We are proud to be part of this growth by supporting you as your trusted chartered accountants and tax advisers.
  • 10. 10 38.000 There are more than 38,000 schools in the UK. In public schools there is an average of 20 students per teachers. 1911 The first escalator on the London Underground was built in 1911 at Earl’s Court Station. 1871 Considered the national dish of UK, the first fish and chips establishment was opened in 1871 by a Jewish immigrant. 23 With 23 escalator steps, the Waterloo station is the station with the most escalators. 1485 Killed in 1485 on the battlefield King Richard III’s skeleton were found buried in 2013 in a park in Leicester. We know that long columns written with fancy words are sometimes boring. So, let’s travel to the heart of UK with short facts: STATISTICS United Kingdom in Numbers 320 Hampstead Station is the station with the most escalator handrails.
  • 11. 11 TurkishBritish 38 minutes The world’s shortest war took place in 1896 between England and Zanzibar. 70.000 There are around 70,000 football teams in the UK and about 750,000 licensed football players. 113 km Nowhere in the UK is more than 113 kilometres from the coast. 50% Approximately 50% of adults in the UK have not taken basic mathematics courses. 4.4 million On August 3 2012, during the Olympic Games, the London Underground had its busiest day ever, with 4.4 million passengers 96% In UK, Cars are parked 96 percent of the time. 150 million The number of English speakers in Nigeria is higher than in the UK. 95% School in UK is compulsory between the ages of five and sixteen. 95% of students receive free education in public schools.
  • 12. 12 General election set for December 12 as Brexit was granted delay until 31 January! Unable to break the Brexit impasse, the United Kingdom is facing a tense election period. The elections are supposed to be held every five years. But supposed to be held every five years. But this would be the third since 2015. The European Union (EU) agreed to post- pone Britain’s departure from the union for three months. The deep uncertainty around Brexit continued until Britain remained only a few days until 31 October, the official departure date for the EU. Although UK politicians still have not reached a consensus on how, when, and even if the separation will take place, the EU has agreed to give another adjournment. With these 3 postponements, the EU has somehow prevented Brexit from negotiating a possible agreement on 31 October. This time, however, there is a flexible postponement. In other words, if the British Parliament approves Prime Minister Boris Johnson’s Brexit deal with the EU, the separation could be implemented sooner. Britain may leave the EU on 1 Decem- ber 2019 or 1 January 2020, provided it has ratified the withdrawal agreement. Johnson, who was Prime Minister three months ago, promising to bring Brexit to life on Octo- ber 31 at any cost, was forced to ask the EU to postpone this date because of a legislative act. The other 27 EU Member States have agreed to postpone Brexit until the end of January. “The EU27 has decided to accept Britain’s request for 27 flexible adjournments until 31 January 2020,” said Donald Tusk, President of the Council of Europe. British Prime Minis- ter Johnson said the EU had made it clear that an adjournment beyond 31 January would no longer be possible. The departure of Britain from the EU was blocked twice when Theresa May was still prime minister. Three and a half years have elapsed since referendum on Brexit in which British voters opted to take their country out of the EU by a 52% to 48% vote, but the stale- mate is still not over. General election set for December 12 as MPs vote to break Brexit paralysis After a flextension to postpone Brexit until 31 January and a decision to take elections on 12 December, MPs backed Prime Minister Boris Johnson’s proposal for early elections on 12 December. Johnson’s request for early elec- tions on 12 December was rejected by Parlia- ment on October 28th. He needed two-thirds of the deputies (434) to support his call for an early vote. It was Johnson’s third defeat in early elections. However, the Conservative Party’s motion for an early general election on 12 De- cember was approved by 20 votes to 438 in the second vote on October 29 in the House of Commons, the lower wing of the British par- liament. Opposition Labour leader Jeremy Corbyn’s an- nouncement that he would support early elec- tions was instrumental in passing the bill. Cor- byn announced that it would now support early elections as the EU extended the deadline in London, allowing the possibility of leaving the EU uncompromising. Although polls indicate that Prime Minister Johnson’s conservative par- ty will triumph over Labour Party, the prospect of a new government is not as divided as it is now. This will be the first election in England since Christmas 1923. AT A GLANCE
  • 14. 14 AT A GLANCE British tourism giant Thomas Cook’s bankruptcy affected the world Following the announcement of the bankruptcy of the British giant Thomas Cook, the German subsidiary Thomas Cook GmbH also declared insolvency. An operation intending to bring home thousands of tourists was launched. Thomas Cook, the 178 years old world’s largest travel company went bust. With the bankruptcy of the tour operator, 22,000 peo- ple risk losing their jobs, including 9,000 in the UK. Around 600,000 Thomas Cook customers, 150,000 of whom are British, have been left stranded after the giant company announced that it had ceased trading. Following the official announcement of the bankruptcy by the British company, which had financial problems, one of the biggest peace- time repatriation was launched to bring home thousands of British citizens stranded in many countries, including Turkey. The operation called “Operation Matterhorn” aims to bring back more than 150,000 British holidaymakers. Following the bankruptcy, the British govern- ment ordered an investigation into the role of Thomas Cook Group management in the col- lapse of the famous tour operator.British me- dia, reported that Thomas Cook bosses have been paid and received £20m in bonuses in the past five years. A Bankruptcy also reported in Thomas Cook’s German subsidiary After the announcement of the bankruptcy of the British tour operator Thomas Cook, Thom- as Cook GmbH, a subsidiary in Germany, also filed for bankruptcy. Stefanie Berk, Chairman of Thomas Cook GmbH, said in a statement that they were forced to take the legal step , since no short-term solution could be reached in the negotiations. In a statement by Thomas Cook GmbH, Neckermann, Öger Tur, Air Marin and Bucher Reisen announced that they are in talks with the German Ministry of Foreign Af- fairs and travel insurance companies to repatri- ate the 140,000 holidaymakers. 
 20 thousand British returned Following the announcement of the bank- ruptcy of British tour operator Thomas Cook, the repatriation operation that was launched successfully continues. Its company located in the city Antalya in Turkey announced that 20 thousand British total 40 thousand tourists are back to the UK. The other 20 thousand tour- ists will return to their countries after the end of their holidays. With the bankruptcy of Thomas Cook, a significant gap has emerged in the tourism sector. Travel and tourism agencies in the countries where the company goes have begun planning for upcoming months.
  • 15.
  • 16. 16 uuu AT A GLANCE The lawsuit filed against the amendment of the conditions of permanent residence of Turkish entrepreneurs in the Ankara Agreement and its retrospective application which our magazine is following, was moved to the Court of Appeal. The amendment of the conditions of per- manent residence of Turkish entrepreneurs and its retrospective application under the Ankara Agreement with the UK Ministry of the Interior has been on the agenda of the United Kingdom for more than two years. The public trial that our magazine has been fol- lowing since the first day was brought before the Court of Appeal for a new examination on the grounds that it had caused harms to Turk- ish businesspeople. The legal battle to appeal against the amendments adopted in March 2018 concern about 10,000 Turkish citizens. In March, the British Supreme Court rejected an appeal by Turkish citizens who objected to a retrospective amendment to the permanent settlement conditions. In June and July 2018, new rules were pub- lished. After the objections and the judicial struggle, the case was sent back for re-exam- ination by the Court of Appeal. The appeal case against the Home Office will be held on 26 March 2020 at the Court of Appeal. “We expect a fair and lawful decision” Yaşar Doğan of Redstone Solicitors who’s rep- resenting Turkish citizens since the beginning of the legal struggle, made the following state- ment after the court decided to re-examine the case: “Our appeal to the Court of Appeal of March 2019 is awaiting the court’s final decision. The Court of Appeal of England gave leave to ap- peal and paved the way for a re-examination of the case. The judge who gave the deci- sion, found the case worth reviewing thus ap- proved the appeal to the Court of Appeal and said the policy change made by the Home Of- fice had negative effects on a large number of Turkish business people. The granting of a leave means that the case will be re-examined by the Court of Appeal and resolved. We will now wait for a date to be fixed for the sub- stantive hearing.” Doğan stated that the parties would make their defense after the trial date will be fixed and said, “We hope; the unfair decision of the Supreme Court will be replaced by a Court of Appeal that will take a fair and lawful decision that will relieve us.“ Hope for the Ankara Agreement case at the UK the Court of Appeal
  • 17. 17 TurkishBritish THE LEADING CONSTRUCTION SHOW FOR LONDON 350+ EXHIBITORS 25,000+ REGISTERED ATTENDEES 500+ HIGH-LEVEL SPEAKERS FEATURINGTHE: REGISTER FOR YOUR FREE TICKETS www.londonbuildexpo.com/TurkishBritishMagazine2019 Festival of Construction Festival of Construction Festival of Construction SUPPORTED BY 100+ EVENT PARTNERS INCLUDING: EMAIL: enquiries@londonbuildexpo.com PHONE: +44 (0) 203 058 2350 WEB: www.londonbuildexpo.com GENERATE THOUSANDS OF NEW BUSINESS LEADS
  • 18. 18 AT A GLANCE A Turk to be featured in the British Royal Palace‘s advert Ophthalmologist comes to you! “Let London think now!” Gülper Özdemir, one of the stars of the TV series entitled ‘Sen Anlat Karadeniz’, made the British fall under her charm with a role she played in an advertisement in London. The young actress took part in an advertisement for apartment sales of Regent Crescent Palace, owned by the British Royal Family. Özdemir stated that she participated in this advertise- ment thanks to her links abroad and said, “The advertisement fi lm was very much appreciated. I got very good comments. These beautiful and valuable comments motivated me even more. My work abroad will continue.” Jacob & Joe combines the fi nest models with the latest technology in their glasses and offers their customers the opportunity to be examined wherever they want with their exclusive optical service. Jacob & Joe recently hosted a stunning event at Mayfair’s prestigious Athenaeum Hotel. Celebrities have shown great interest in the event where Jacob & Joe an- nounced it would begin to provide a “exclusive optical service”. Attended by Camilla Rutherford and Liz Brewer, the event was a hive of attendees including celebrities, infl uencers and industry experts who learned about Jacob & Joe’s exclusive optical service. Eye examinations are brought to customers’ of- fi ces, homes, hotel or anywhere they may be… Guests were able to try the most fashionable eyewear; Jacob & Joe’s luxury optical service brings a per- sonal and professional service to men and women whose time is their most precious resource. Using the latest technologies added to a selection over a hundred of designer models to produce a variety of high quality optical glasses and sunglasses, Jacob & Joe provides luxury and clinical expertise at your convenience, with no compromise in quality. The renowned international operator, Nusret Gokce, is adding a new restaurant to its chain of steakhouse. Nusret‘s new restaurant opens its doors in London, in the heart of UK. Nusret Gökçe, which has become a global phenomenon with salt-sprinkling move, is now opening a restaurant in London, after New York, Doha, Miami, Abu Dhabi, Mykonos and Dubai. Nusret examined the on-site construction work at the London restaurant. The famous opera- tor who shared the images of the works of his new restaurant on his Instagram account did not neglect to add the note “Let London think now”. Nusr-Et Steakhouse will open its doors at Park Tower Knightsbridge Hotel in Decem- ber 2019 and meet Londoners. Press Release Jacob & Joe hosted a stunning event at Mayfair’s prestigious Athenaeum Hotel this week to celebrate the launch of their luxury optical concierge service, an industry first. Attended by Camilla Rutherford and Liz Brewer, the floor was buzzing with high profile
  • 19.
  • 20. 20 uuu AT A GLANCE SIBOS, the largest financial organi- zation in the world, was hosted in London for the first time this year at a meeting organized by TurkishBank UK that brought together Turkish and global financial institutions as well as Fintechs. On the terrace of the TurkishBank UK branch in the Mayfair district, in the heart of London, distinguished par- ticipants discussed the future of the financial world. During the meeting, the participants had the opportunity to make many contacts in a short time. The meeting began at 18:00 and continued until 23:00 with in- tense interest. TurkishBank UK prepares to guide Fintechs After the great interest in the invita- tion, Hakan Börteçene, Chairman of the Board of TurkishBank UK, said: “This great interest gives us the duty to act as guide for the Turkish Fin- techs in London, and the message that Global Fintechs expect us to have the same duty in the Turkish market. I believe that the Fintech centers that we intend to open first in Turkey and then in London will be very useful for this purpose.” TurkishBank UK is a member of an 118-year-old Group operating in the banking sector in 3 countries includ- ing Turkey, Cyprus, and the UK. The Bank that has been carrying out its ac- tivities in London for 45 years primar- ily offers banking services to Turkish society. TurkishBank UK, whose mis- sion is to serve the Turkish-speaking community, has seven branches in London. TurkishBank UK hosted banks and fintechs The world of finance has shown a keen interest in the meeting in which TurkishBank UK, operating in London for 45 years, has brought together Turkish and global financial institutions as well as Fintechs.
  • 21.
  • 22. 22 uuu AT A GLANCE As Britain and EU come closer to separation, the way Turkish – British relations will evolved after Brexit has been discussed at the meeting organised by the European Turkish Brands Association (ATMB). Turkey’s London Trade Principal Consultants Tarık Sönmez and H. Murat Özsoy attended the “ Pre and Post Brexit Turkish-British Trade Relations and Brexit’s effect on our Trade Activ- ities in the UK” meeting held at the IOD Busi- ness Centre in London City Center. In his pres- entation Tarık Sönmez, mentioned the possible relationship between Turkey and Britain after Brexit. The network event was attended by ATMB Chairman Cafer Mahiroğlu, Board Mem- bers Ahmet Ferruh Öncü, Vehbi Keleş, Zeynep Turudi, Mustafa Köker, Turkish British Chamber of Commerce and Industry Director Yavuz Sök- men and representatives of the business world from various sectors Turkey’s always showed interest in the topic In his comprehensive presentation; Turkey’s Trade Principal Consultant Tarık Sönmez drew the path of the trade relations between Britain and Turkey after Brexit. Sönmez who stated that Turkey immediately established contact with the UK and always kept this issue on the agenda at technical com- mittee, ministerial and prime ministerial level, underlined the fact that not much progress was made due to Turkey being an member of the customs union. ATMB vice chairman Zeynep Turudi and Brand Expert Dr. H. Hakan informed the participants of the network event on the applications UK was preparing to implement after Brexit. Zeynep Turudi gave a visual display of the new regulations prepared by the British institutions and advised on which institutions to be applied to for obtaining information on customs and tax regulations. The event ended with the participants meet and greet part. The Post Brexit British – Turkish relationship was discussed in London
  • 23. An investment with high potential for rental yield, located in West London, home to 200 international companies and 20.000 personnel. • Very close to the headquarters of Samsung, Dell, Sky, Audi. • High demand for rental due to close proximity to many international companies and work places. • 1 minutes away from Kew Bridge station, 10 minutes away from Gunnesbury station (District Line) • Very close to popular areas such as Kew Gardens, Chiswick and Richmond. • Around the clock services, Gym and a movie theater. • Project completion in 2022 • Rental yield expectation 4.75% • High potential of rise in value • Investment opportunities starting from £ 399.000 1 Bedroom Flats £ 399.000 2 Bedroom Flats £ 610.000 3 Bedroom Flats £ 860.000 Exemplary payment plan • 5% - When an agreement is reached • 5% - 12 months after the agreement • 90% on 2022, upon project delivery ONE LONDON PROPERTY GROUP Berkeley Square House, Berkeley Square London, Brc W1J 6BD U.K. Emre Belge Managing Director emre.belge@onelondonpg.com T: +44 20 3393 1888 M:+44 7841 762124 www.onelondonpg.com ONE LONDON PROPERTY GROUP
  • 24. 24 The most favourite investment: Buying Property in the UK The newly-built residences in London, property ads in newspapers and on in- ternet, mortgage publicity of banks and free assessment interviews are under the close-marking of the property investors in the UK and all around the world. Figures verify buoyancy of the property industry in the United Kingdom. Accord- ing to the data of UK Finance for the sec- ond quarter of this year, the number of new mortgage agreements made with the first-time buyers of property in London for the first time is 9,960. The data for July 2019 show a 5.5 percent rise in mortgage demand of the investors who want to rent out property, compared to the last year and that 5,800 agreements were made with them. “Help-to-Buy (Equity Loan)” scheme provided by government for the first-time buyers of property, and the in- viting mortgage choices of banks always keep demands buoyant. Demand for property in London has gone up continuously for the three-year period following Brexit Referendum. The poten- tial buyers of property who want to ben- efit from the additional incentives have taken action to complete their purchasing transactions prior to Brexit. COVER Buying property in the United Kingdom, particularly in London has been one of the most rewarding investment alternatives for both locals and the investors in the US, Asia and Europe in recent years. The property market, especially in London has been quite active with the increased mortgage options, government schemes, new housing projects and the declining property prices because of Brexit and the slowing of the economy.
  • 25. 25 TurkishBritish Property companies speeded up their investments Sales figures of construction companies prove the outcome of this mobility perceptibly as well. According to the figures announced by one of the largest British construction com- panies, Baratt, they sold 17,856 new houses across the country and made a profit of 910 million pounds in the previous year. The lat- est data of National House Building Council indicate that applications of the construction companies made for building of new housing peaked within the last 12 years. One of London’s largest property investment companies, The Galliard Group currently per- forms 6,905 housing construction projects In London the sum of which is worth 3.95 billion pounds. The group that plans the construc- tion of 10,000 houses as well offers the op- portunity of state’s “Help-to Buy” contribution in its several projects. The developing regions of London which will be popular in future at- tract investment of the company. Besides, it encourages potential buyers to invest in the property for renting out. The newly-built residences in numerous re- gions such as Streatham, Clapham, Balham, Wimbledon and Greenwich which have easy access to city, and within the settlements in the north such as, Paddington, Islington and Shoreditch show up consistently as the evi- dence of property investments and buying expectations. “In the last five years, 85,000 Turks purchased property in London” Property is a quite attractive investment op- tion for the Turkish residents in the United Kingdom. There is no restriction to buy house for the Turkish citizens in the country, includ- ing the parties of Ankara Agreement. Howev- er, buying a house does not provide residence permit. CEO of Allytta Real Estate Invest- ments, Neşe Jenkins pointed out that Turkish Neşe Jenkins
  • 26. 26 people show interest in London quite increas- ingly in recent years. “We don’t know the exact number of the Turkish house buyers in London; but our researches indicate that 85,000 Turkish people purchased a house in London in the last fi ve years,” said Neşe Jenkins. She mentioned 400 percent rise in the number of Turkish inves- tors who contacted their company for the com- mercial investments above 10 million pounds as of 2019. Despite the expensiveness in London, eco- nomic and cultural dynamics of the city hypno- tize a lot of buyers, including Turkish citizens with respect to long-term investment. The new railway routes to other regions from London which hosts 4.5 million tourists per year, offer the opportunity to buy affordable house by making no concessions to urban facilities. “No Condition of Residence Permit for Turks to Buy Property in London” Buy Property in London TurkishBank UK offers mortgage service to the Turkish citizens who reside in United Kingdom and would like to purchase property. Residence permit is not re- quired to benefi t from the service. The evalua- tion process following application lasts at least 3 months. It should be noted that minimum mortgage term is 2 to 3 months after property purchase agreement is signed with the land- owner. The Turkish citizens without residence permit in the United Kingdom should open an ac- count at TurkishBank UK to use the mortgage opportunities of TurkishBank. Experts of the bank inform customers about different mort- gage packages in the following process and ensure selection of the ideal package. Lastly, the applicant collect the necessary documents for mortgage and submit them to bank. These documents contain information regarding sav- ings of the potential buyer, his/her bills of ac- count, salary information, and his/her stocks or company partnerships if any, and other income documents which exhibit fi nancial status. TIPS FOR BUYING PROFITABLE PROPERTY Buying property in the United Kingdom, par- ticularly in London is a pretty profi table in- vestment. Nevertheless, such profi t requires purchasing the most suitable house with the ideal buying method at the right time fi nan- cially. In our publishing where we touch on all aspects of investing in property in the United Kingdom, specialists of the industry provided detailed information on: various alternatives for owning a property, signifi cant points to be considered in selection of property, mortgage facilities and legal processes for Turkish citi- zens, Brexit and future designs in the property market. Do not buy house before reading our article! The right time to buy a house! One of the questions asked by the investors who decided to invest in the United Kingdom is “When to buy the property?” The industrial representatives underline that the lack of con- fi dence in economy of the island where Brexit is the main agenda topic, is short-term: “We observe the remarkable downward trend in the sale princes of property in environment of uncertainty generated by Brexit. As banks still offer the opportunity of long term and low interest loan, using savings for buying a house is rational. Such environment involves appropriate conditions particularly for ten- ants to invest in property,” said the Head of Retail & Personal Banking in İşbank London Branch, Ethem Berk Türköver. He states that prices of property will not increase as long as the environment of uncertainty insists. uuu Ethem Berk Türköver
  • 27. 27 TurkishBritish 27 TurkishBritish Director of KATRIN Properties and Presi- dent of ABTIC – Association of British-Turk- ish Investment and Construction, Kerem Yavuzarslan spoke of the property industry as the safest investment alternative in mid-term and long term. Yavuzarslan remarked that the Turkish citizens with savings should welcome the opportunity given by the active property market in the UK. market with data suggesting 4 out of 5 prop- erty investors based in Hong Kong, Dubai and the UK are still investing in British real estate. Moreover, the cost of buying UK property has fallen for overseas investors due to the deval- uation of the pound. Such condition encour- ages those investors,” said he. “London property market is currently a Buyers’ Market” Huseyin E. Huseyin, Senior Partner of Bowl- ing & Co Solicitors which has rendered the British and international investors legal coun- selling services about trading property for over 60 years in London, specifi ed that a growing number of investors take action and contact them with the intention to invest in British property and there are numerous Turks among them. Hüseyin added that capital re- turn of property is quite satisfactory if inves- tors select the right property and work with the expert people in the industry. “Investors need to be aware of the UK prop- erty market conditions to obtain maximum benefi t from their investment. Although the Brexit vote has reduced consumer confi dence in the UK, property market prices rise stead- ily in some regions and properties are usu- ally popular. A recent research indicates that Britain is still an attractive property investment Huseyin E. Huseyin Emre Belge Kerem Yavuzarslan General Manager of One London Property Group, Emre Belge highlighted the down- ward trend of the UK property market which peaked in 2014, owing to Brexit and change in the stamp duty. “The property market has gained a sound equilibrium and brings along nice opportunities to buy. “House prices in London have been balanced since 2014 after a fall of 10-15%,” said Belge. Belge went on the reasons which make pur- chasing property in the UK advantageous: “Brexit provided an advantage of about 15% especially for the investors whose main in- come are in USD or EUR, except Pound. GBP/ USD parity which was 1.45 on the referendum date declined to 1.18 and is currently 1.23. From this aspect, the biggest investors of the UK property market are from the US and Eu- rope this year whereas the market was domi- nated by the Asian investors last year.” Emre Belge urged on the other opportunities brought by the property market which has slowed down. Furthermore, he stated that the construction companies with unsold proper- ties offer potential buyers discounts at high rates. Belge talked that their company follows particularly such stocks and seize the chance of discounts at high rates. Emre Belge kept speaking about the reasons
  • 28. 28 which make purchasing property in the UK advantageous: “Interest rates of the Bank of England set based on the monetary policy cor- respond to 0.75% and the economy slowed down under the effect of Brexit, so interest in- crease is not envisaged for a while. Thus, the above points present an advantageous period to investors. That’s why we regard London property market as a ‘Buyers’ Market’. In other words, buyers have more bargaining power nowadays. We think that an investor who in- vest in the UK property market in the near fu- ture will earn signifi cant profi t when he sells his property at the end of fi ve years.” One London Property Group at the helm of Emre Belge gives support to its customers during their whole buying process which con- tain houses and commercial properties. The second most important question posed by the potential buyers of house covers lo- cation of the house… Regions such as East London, surrounding of London River in Greenwich, Thamesmead & Abbey Wood, Bank Side, Waterloo and Southall come to the fore in “Opportunity Areas” study of London Municipality. Even though the properties in Southeast London, particularly centre of Lon- don are generally preferred for buying, their yield is low because of being in expensive re- gions. Forecasts of the industrial representa- tives about London and the other regions are similar to below: East London and new metro line are the favourite regions • East London: East London offers lower prices, so higher yield. Islington, and North London which contains the upper area lead the way as the regions open to development. Newham, Barking and Da- genham districts are prominent with af- fordable prices. • Kingston Upon Thames and Southwest London: Richmond, Kingston, Wimbledon and Putney maintain their popularity, since they are preferred by especially Turkish families due to the presence of schools, accessibility and social environment. • Surrounding of Elizabeth Metro/ Crossline: This metro line to be opened at March 2021 links Heathrow airport to the city centre. It is promising for the future in- vestments on this line. The line accesses to the following stops: Reading in North, Abbey Wood in Southeast and Shenfi eld in Northeast London. It goes to Berkshire and Essex as over ground via the existing lines. • South London: Property companies in- tensively invest in Streetham, Croydon, Clapham, Balham, Waterloo and Green- wich districts in this area. These regions at- tract potential buyers with its accessibility to city centre via railway line, development potentials and affordable prices as well. uuu
  • 29. 29 TurkishBritish Earning high profit from property invest- ments require long-term plans. Ethem Berk Türköver from İşbank pointed out the pos- sibility to make loss in short-term trading of properties if downward trend of property prices continues. “We believe that the long- term property investments for residence are proper alternatives for our customers. With respect to interest rates, we think that they may gain a downward trend, considering the environment of uncertainty and stagnation. The economic negativities which may be ex- perienced after Brexit may lead to interest discounts to boost the market,” said he. In addition to London, the regions such as Manchester and Leeds shine out as the profit- able cities for investment. In particular demand for Birmingham, Bristol, Nothingham and Man- chester which host universities has increased nowadays. Professional property investors may choose Liverpool and Newcastle for their prof- itability. Besides, properties in Cambridge and Edinburg are sold very quickly. Thanks to its closeness to London and Cross- Rail high-speed train which will start to give service in 2021, Berkshire Region appeals in- vestors. This region is particularly preferred by the British citizens who seek for classical lifestyle, large spaces and gardens. Hosting events such as Royal Ascot races and Henley Royal Regatta, Berkshire involves a lot of man- sions featured as the country’s most expensive ones. Furthermore, this segment shows utmost interest in Scotland. Bath, Richmond and Brighton are demanded constantly. Former historical city centres are positioned as luxury locations in which finding a property is always more difficult. Lastly, Essex, Surrey, Suffolk, Dartford and Hampshire are popular regions for former resi- dents of London. Think long-term for high profit! Attractive regions other than London CEO of Allytta Real Estate Investments Neşe Jenkins is hopeful about long-term in- vestments. According to researches and anal- yses regarding the future of property industry, property prices and rent prices are anticipated to go up by 14% and 10% from 2018 to 2022, respectively. Estimations on the property price index of HM Land Registry indicate that house prices will increase by 56% in 2027. Neşe Jen- kins gave recommendation to the investors who want to purchase property only for invest- ment as follows: “Find the best property in London or focus on especially the council es- tates, dorms, nursing homes and buildings of mixed usage or the lands that are suitable for construction in the regions out of London.” She mentioned very high investment returns and rent income of such properties. Moreover, Jenkins specified that investing in property as a company rather than a person provides ad- vantages in both taxes and succession.
  • 30. 30 SIGNIFICANT POINTS TO CONSIDER FOR PROPERTY INVESTMENT WHAT ARE THE WAYS OF BUYING A HOUSE? Invest for at least five years CEO of Allytta Real Estate Investments, Neşe Jenkins listed the following significant points to consider for potential buyers of property: • First, determine your expectations very well and think about your investment pur- pose. • Forget earning return in short term. Plan an investment for at least fi ve years against the price trends which may be either downward or upward. • Do not regard your budget just as buying expense. Add taxes, additional duties, at- torney fees, investment and fi nancial ad- viser’s fees and the municipality and title deed expenses to your budget. • Use your reasonable effort to choose the ideal region. • Collaborate with a professional property investment and management company. • Get information about the planned reno- vations and extra payments before buying the property. New projects generate higher returns than old ones Director of KATRIN Properties Ltd, Kerem Yavuzarslan made the following sugges- tions: • If you purchase a house for renting out, contact the right bank, make a long-term loan agreement and take the rent income into account. New projects generate high- er rent income than old ones. • If you want to purchase house for residing, it should be close to the schools which conform to the capacity of your children and appreciated by them. Otherwise, they may have several problems due to choos- ing the wrong school. • It should be noted while buying a property for investment or residing that the newly- built houses are always sold at a value which is more than 10-15% of their market value. The brand-new house will be pre- owned on the date of its selling, so it will be sold at least 10-15% cheaper than its market value. Thus, it can reach its buying price after four or fi ve years. Huseyin E. Huseyin from Bowling & Co Solicitors stated that an investor in the UK can buy a property in two dif- ferent ways: • Freehold, means the outright ownership of the land and the dwelling that sits on it and most houses in England are owned on a freehold basis. • Leasehold, is the second alternative to be preferred for buying a property in the UK. In case of Leasehold, a person with Freehold transfers another person his/ her right to use the property for a fi xed term. This is specifi ed in a legal document called “Lease.” Term of Leasehold is usually 125 years. It is essential for transferee to get support from a law offi ce, because he/she will be bound to the conditions specifi ed in Lease. Most of the fl ats in the UK are owned through Leasehold. uuu
  • 31. 31 TurkishBritish • If a pre-owned house is bought, and then sold after some renovations are made, its value does not change under the condi- tion that survey reports are issued properly for purchasing the house. • If income is signifi cant for Turkish inves- tors, they should buy their house which has easy access, especially to metro line. Queen Elizabeth Metro which is under construction should be searched as prices are low nowadays. Instead of fl ats, a sepa- rate house should be bought and the al- ternative of making renovation should be utilized. • Besides, small towns out of London which have smooth settlement should be taken into account. Get in touch and stand out We’re a multi-faceted boutique ad agency, operating in Turkey and the UK afscomms.com afisiletisim.net London afscomms.com contact@afscomms.com Istanbul afisiletisim.net afis@afisiletisim.net London Istanbul Our creative portfolio is worth boasting about. Digital Marketing Advertising, Design Communication, PR Consultancy services Tailored research and marketing services for companies wishing to enter Turkey and the UK market. COMMUNICATION COMMUNICATION
  • 32. 32 You can mortgage your house in Turkey and buy a new one Head of Retail & Personal Banking in İşbank London Branch, Ethem Berk Türköver told ex- clusive services of İşbank for Turkish citizens: İşbank London Branch gives Long-Term Col- lateralized Consumer Loan to the people who want to buy a house in the UK. Properties in Turkey can be mortgaged for this loan with a maximum maturity of 15 years. The product appeals to the possible buyers who want to utilize own properties in Turkey or do not have loan score in the UK. In this way, the properties in Turkey which could not be sold or are not preferred for selling in recent years because of the market conditions, but have guarantee value can be used. If the loanee is the customer of İşbank, his/her loan evaluation can be performed more quick- ly. Guarantees of several customers kept by any İşbank branch In Turkey can be accepted without any need to extra process. İşbank Lon- don branch is very familiar with the loan scores of its customers in Turkey and assesses their credibility, considering their income in Turkey as well. Thus, these points generate advantage during the loan process of İşbank in the UK. Re- payments are performed either through an ac- count to be opened in London branch or direct debit instruction. The product of İşbank for buying property in the UK does not have the characteristics of “mortgage.” This loan is in the form of “a long-term consumer loan” and the properties bought in the UK are not accepted as loan guarantee, therefore it is not important for the house to be purchased to be “leasehold, free- hold or shared ownership.” When use of the loan is preferred evaluation process depends on the competence to pay back the loan. Ad- ditionally, blocked deposit, bail or usually, the mortgages on the properties in Turkey are ac- cepted as guarantee. Some of the İşbank customers who try to ar- range own affairs newly and whose income is expected to rise in the following years are of- fered to pay only interest, and then the princi- pal in the first year and the next years, respec- tively. For example, in case of a 15-year loan, the monthly payment amounts are quite low in the first year while a bit higher monthly amount is paid in remaining 14 years based on the prin- cipal repayment. İşbank London Branch offers a product called “Overseas Mortgage” for buying of the prop- erties in Turkey, as well. Its process is the same with the standard process of mortgage loan applied in Turkey. There are various loan op- tions in British Pound with a maturity up to 15 years. It is an appropriate alternative for the Turkish citizens in the UK who want to invest in Turkey. uuu
  • 33. TurkishBritish PROCESS OF BUYING A HOUSE A certain procedure should be followed to buy a property in the United Kingdom. Its process is as follows: 1. Selection of mortgage loan: “Repayment mortgage” in which principal and interest are paid back with periodic payments in a defi nite term, or “interest- only mortgage” in which only interest is paid during a certain period (generally 25 years) and principal is paid back at matu- rity are the preferable mortgage types for investors. Investors should consider all costs, especially mortgage deposit, broker fee, land registry fee and stamp duty as well as choosing the most suitable mort- gage type for the investor. Numerous cost items such as deposit, land registry fee and stamp duty to be paid by the investor change based on the selling price of the property sold. 2. Submission of the offer to seller: An offer that aligns with the market value is submitted to landowner or real estate agency. After the offer is discussed with di- alogue, the process starts with the agree- ment of parties on price. In general, real estate agency or landowner wants to see the document which proves the availabil- ity of money or mortgage loan, to assess graveness of the buyer. 3. Evaluation of property: Structural survey reports about the house to be bought are prepared by authorized and objective specialists after acceptance of the offer. The reports sent are reviewed by consultants of the buyer. The required follow-ups are performed on behalf of the buyer. In case of any problem, customer is informed. 4. Hiring of an attorney: If assistance of any consulting company was not received in the beginning of the process, an attorney should be hired at this stage to conduct the sale process and legal transactions. 5. Completion of sale: Attorneys of both parties get involved and sale process is initiated if positive opinion is given in all reports. At the end of this process which lasts between six and eight weeks, any money transfer is performed at the helm of the attorneys not to have dif- fi culty in money transfer. Very critical pro- tective measures were taken for customer. Your attorney applies to Land Registry for sale record after the completion of money transfer.
  • 34. 34 Property service of 360 degrees Quite elaborative procedures need to be fulfilled to purchase a property in the UK. NY Maxx Construction aims to enable its customer to own the most profitable property. For this purpose, the company provides service at all stages of the process, including buying, renovation, legal procedures and judicial actions. Established in London in 2017 with the aim of giving “Consultancy, Design and Construc- tion” services about housing and commercial structures in construction, NT Maxx Construc- tion renders a very wide range of service in property industry today. Here are the services of the company which was founded by Tuba Kılıçarslan, Civil Engineer with an experience of 21 years and a member of both Institution of Structural Engineers and Kingston Cham- ber of Commerce: to perform property invest- ment consultancy, to search whether housing and commercial locations conform to budget and needs of the customer and particularly the planned renovation, to conduct the feasibility studies, to monitor all stages of the property which may generate premium in short term, until the completion of purchasing and to eval- uate the research reports regarding the status of the property. However, the services of NT Maxx are not lim- ited to above. Kılıçarslan listed their post pur- chase services as follows: “Our project and construction team provide service to obtain the approval of the municipality for the pro- jects needed to renew and enlarge the prop- erty owned by our customer following the buying process, and lastly, to give repair, re- newal and construction services based on the approved project.” Buying a house in the United Kingdom is a serious business Tuba Kılıçarslan stated that they have offered full range of services to numerous residents in Turkey and in the UK as part of the property buying process up to now. “Buying a house in the UK is a serious process. It starts with de- termination of the region which should be af- fordable for our customer, and proceeds with focusing on the profitability ratio and needs of the customer before finding the right house,” said she. Kılıçarslan summarizes the remaining process as follows: “The suitable house is found in line with the demand of the customer. At the next uuu
  • 35. 35 TurkishBritish stage, it is decided whether to use the equity capital of the customer or mortgage loan to buy the property. According to the decision, an offer which aligns with the market value is submitted to landowner of the house or real estate agency. The process begins after the offer is discussed through dialogue and par- ties agree on the price.” After the property is determined, an elabora- tive work starts by contacting the bank and the experts for usage of loan and survey reports, respectively. When such phases are completed smoothly, money is transferred at the helm of attorneys. NT Maxx continues to render service In line with plans of the customer following the completion of buying process. Attractive regions change depending on the expectation of customer In recent years, investing in property in the United Kingdom, especially in London has become a remarkable investment alterna- tive for both the residents of this country and the international investors who want to earn profit. The outstanding regions for investment change based on the budget and investment expectation of the person. “London has entered into a renewal process in which conventional architecture and modern architecture are adapted. Sizable investments in housing and business centres start from the first region and continues till the sixth regions of North settlements,” said Kılıçarslan. She kept giving tips for choosing region in property investment: “These regions will be inviting if customer ex- pects being involved in a brand-new project. Nevertheless, investment costs of the regions are too high and term of return on investment is long term. If customer wants to convert his investment into cash in short term, the ideal option is either to buy and renovate old hous- es on the route of metro lines and in the re- gion of favourite schools, and then sell them or to buy such old properties, divide them into separate flats and them sell them. Showing certain regions as attractive locations is not right, because any region which meets the ex- pectations of customer is always attractive.” Even though she did not point out a definite region, she talked as follows: “I live in King- ston Upon Thames region. Most of the Turkish families who have recently begun to live pre- ferred Richmond, Kingston, Wimbledon and Putney due to the successful schools in these regions, easy access and social environment.” The ideal buying method should be chosen Here are the methods of buying a house or flat in the United Kingdom… There are two methods: freehold and leasehold. Leasehold provides ownership of a definite term between 100 and 1000 years. Besides, territory of the property is not owned by the buyer. Instead, buyer makes an annual payment for territory. As the term decreases, processes such as re- ducing the sale price and extending the year in return for its value need to be carried out. In Leasehold, the permission of landowner should be received for any renovation. Freehold is possible for separate houses and the buildings turned from house to flat. This category is dived into freehold and sharehold. In both sale types, title deed of the house or flat as well as the territory belongs to the buyer and any other value does not need to be paid. “This system usually resemble the system ap- plied in Turkey, so we advise this alternative to our Turkish customers,” said Kılıçarslan. Mortgage does no cover renovation cost Another point should be considered during the process of buying house. If an old house which requires maintenance is purchased, re- ceiving interior architecture and repair services raise the value of house. If the house will be rented out, certain conditions need to be met. Kılıçarslan underlined that renovation expenses are not covered by mortgage. “Mortgage pays only a definite ratio of the house price deter- mined by the appraiser sent to house by the bank. You may have to use other loans or your own resources to pay for the other expenses. Costs vary based on the demands of customer and condition of the house,” said she.
  • 36. 36 36 Elif Shafak: “Roots are plural, not singular!” Nominated for the Booker Prize with her last novel “10 Minutes 38 Seconds”, Elif Shafak touched on the signifi cance of her readers and stated that she does not care criticisms of the elite class. Shafak talked about her authorship on Istanbul - London line, phenomenon of migration and the criticisms directed to her in Turkey. The newest novel of Elif Shafak, “10 Minutes 38 Seconds in This Strange World” was published in June. The nov- elist was criticized for including paedo- phile elements in her novel “The Gaze.” Besides, she was accused of plagiarism in her novels “Honour” and “Architect’s Apprentice.” Last book of the ingenious author “10 Minutes 38 Seconds in This Strange World” was shortlisted for one of the world’s most reputable literary awards, the Booker Prize. INTERVIEW Interview: Nida Dinçtürk Photos: Ali Köse According to the recent scientifi c stud- ies, activity of the human brain contin- ues for a while after death. This period may last 10 minutes 38 seconds at most. The theme of the novel is based on this subject. Shafak focuses on 10 minutes 38 seconds following the death of a sex worker named Tequila Leyla who lives in Istanbul. The novel is enhanced with several elements such as last moments of Leyla, late political history of Turkey, women and LGBTI+ rights, urban mem- ory, family, friendship, migration and alterity which are nourished from each other and constitute almost the whole shoot of life in Turkey. Your novel “10 Minutes 38 Seconds” has been shortlisted for the Booker Prize. How do you feel? I’m blissful. I’m honoured by being nominated for such a substantial literary award as a Turkish novelist. Authorship requires isolation from social environ- ment, therefore seeing that my readers AFTERNOON TEA
  • 37. 37 37 like me after publishing of this book, my story affected their hearts and minds, and it is felt by them as well... This is always invaluable for me. It has been 25 years since the publishing of my fi rst novel. Being nominated for the Booker Prize in the 25th year of my career is a fantastic gift. I’M VERY FAMILIAR WITH STAYING IN LIMBO 10 Minutes 38 Seconds is a multi-level book. For me, the first salient point is that it is a narrative of “those who belong to nowhere.” Namely, to the city, own body, life… What made you pursue those people? I think minorities have always become an essential part of my literature. Ethni- cal, cultural and sexual minorities. All the time, I’ve cared for the stories of rejected and marginalized people as well as the deleted stories, in other words out his- tory. Both in the past and today. That’s why I listened to my heart and preferred telling the story of the individuals pulled off the road, rather than the ones in the centre. My life has a primary infl uence on this. Secondly, my character affects. I’ve felt marginalized so many times since my childhood! I was born abroad. I came to Ankara from Strasburg. I was raised by two women: my mother and my grandmother. I never grew in an ordinary family environment. For ex- ample, I recognized my father and my step brothers from his second marriage too late. I was twenty something. Later, I went abroad to have education. I was the only Turk there. I felt marginalized again. I returned, but continued to feel like an isolated stranger. Hence I’m very familiar with listening out the stories of others. I don’t act superfi cially. Having no sense of belonging, trying to hold on, staying in limbo… Therefore names and subjects of my books aren’t coinci- dence. I’ve usually experienced being in limbo and failing at holding on. I’m quite familiar with those feelings. “MY LITERATURE HAS A CONNECTION WITH ISTANBUL” You’ve been in London for a while. You define here as your home. On the other hand, I know your attachment for Turkey. To which place do you feel you belong? Do you feel you stay in limbo? According to me, people may belong to more than one place. I’ve always objected to a single identity, especially the policy of being reduced to a single identity, so I was criticized for being rootless. I think roots are already plural, not singular. Namely, you’re nourished by many places. Even, I always relish the metaphor of compass: My literature has a connection with İstanbul like the fi xed foot of a compass. However, the other foot of the compass can draw a huge circle and stroll around the world. Litera- ture can be both local and universal. I believe in this principle from the heart. I approach to nationalism, tribalism and collective identities quite critically. I think limbo where you’re alone is the ideal location for art. You stay not only deep inside in everything, but also out of everything a little bit. Perhaps, this is loneliness for the artist, but it’s the right point. BRAIN DRAIN OF TURKEY GAINS MOMENTUM Migration is another influential ele- ment in “10 Minutes 38 Seconds.” You had focused on the twinges of migration in “Honour.” Nevertheless, there’s a remarkable white-collar mi- gration other than migration of work- ers, in Turkey today because of some reasons such as education, working, sexual orientation and sexual identity. What do you think about this issue? “ Literature embraces troublesome topics. Unfortunately, sexual discrimination, sexual violence and child marriages in Turkey are the facts of our lives. In my opinion, politicians should primarily change the patriarchal laws if they’re intimate. “
  • 38. 38 38 I attach utmost importance to this ques- tion. There’s a signifi cant migration wave from Turkey. This issue needs to be analysed and searched. Brain drain is the other side of the coin. It’s a great loss for a country. Brain drain has gained momentum as Turkey began to lose de- mocracy and hope for democracy. An article regarding this subject was re- cently published in the New York Times. Brain drain of Turkey particularly within the last three years paints a picture as if our country has undergone a great civil war or substantial tragedies. On the other side, more people recognize dif- ferent cultures, learn various languages and express themselves. Perhaps, they adopt the identity of global citizen. This is the promising aspect of brain drain. It’s very interesting to witness that the people who won’t share even a bread easily are in solidarity abroad with the sense of homesickness and even ex- ile. I see that the solidarity networks strengthen as the diversity and migra- tion reasons of Turkish citizens abroad increase. We may call it diaspora. This is a pro, but ultimately, I wish Turkey gains its democracy soon. Brain drain is directly associated with it. Momentum of brain drain shows the abundance of people feeling unwelcome in their country. I MIND THE INSPIRATION AND SINCERE ENERGY OF THE READER In Turkey, you’re not only liked, but also criticized for your literature, statements and political stance. What are the reasons? Turkey is already such a place! Unfortu- nately, almost everyone has to deal with negativities! But you may get more re- actions if you’re a novelist and woman and begin to question different ideas. In particular, elite class, including cultural and political elites may react consider- ably. I’m very familiar with this issue as well. On the other hand, our country has very nice and inseparable readers of literature. I think readers are gener- ally treated unfairly, because they don’t clamour, they don’t write opinion col- umns in newspapers, they don’t talk on TV and they are pretty intimate. The readers of literature in Turkey share a book only if they like it. Otherwise, they don’t read no matter what they say. I always mind the inspiration and sincere energy of the reader. Obviously, I didn’t give weight to reactions of elite class. According to me, you can’t fi nd place in public sphere as a women if you sink into the destructive criticisms too much. Besides, I’m aware of that the way of criticizing a female novelist is never the same with the way of criticizing a male novelist. You’re always underestimated and disdained if you’re a woman, so it’s more challenging for female journalists, academicians, politicians and authors in a patriarchal country like Turkey. All in all, I do the work I enjoy. Therefore I don’t care who wrote about me and what they said, so much. Several col- umnists In Turkey may criticize a book which they didn’t read, hence con- sidering the criticisms of such people isn’t logical. I only listen to my readers. Those who criticize my novels sincerely are always most welcome. You concentrate on women’s rights very intensely in this book. Do you think Turkey has really made progress in women’s rights? I don’t think so. On the contrary, I think Turkey has regressed about this issue and this isn’t a coincidence. The narra- tive ends in 1990. I wanted to remind the terrible discussion made in that peri- od. How dare lawmakers suggest remis- sion for raping prostitutes at that time? They received a signifi cant reaction of society. Women were in more solidarity. However, we lost that such unity today. uuu “ But you may get more reactions if you’re a novelist and woman and begin to question different ideas. In particular, elite class, including cultural and political elites may react considerably. “
  • 39. 39 TurkishBritish 39 TurkishBritish I’d like to call attention to this issue. Women disintegrated further as the politics in Turkey got ill-tempered and become patriarchal. Despite having different opinions and perspectives, we own common points. We can solve the sexual abuse problem jointly if it affects all of us. The women in the countries like Turkey are obliged to show solidarity beyond politics. Nev- ertheless, we can’t achieve this. Thus, only patriarchal minds win. One of the characters I cared most in this novel is a transvestite, Nalan. You know Pride March is banned in Turkey for a while. In contrary, the Pride March in London has witnessed record attendance this year. How do you feel about this adversity? Here, the Major provides great sup- port to this event as well. According to me, support of a Muslim major in such an organization is crucial. Huge ban- ners are unfurled here every year. They send promotive messages to support- ers of the Pride March in İstanbul which couldn’t be held. This is invaluable for me. I can’t understand why some peo- ple are treated like a second-class citi- zen for their sexual identities, ethnical identities or any reason… Hence I be- lieve in LGBTI rights sincerely and ad- vocate and support them. I think this is an issue to be discussed emphatically. After the book named “Zümrüt Apart- ment” caused indignation, your novel “The Gaze” was criticized severely for containing statements associated with paedophilia. It’s not easy for a novelist in Turkey to question the political taboos. Fur- thermore, writing about sexuality is challenging, particularly for female au- thors. The recent hysteria in our coun- try majorly (95% of it) consists of the messages spread by bots and trolls. In other words, they are not the reactions of readers. First, we should separate them. Literature embraces troublesome topics. Unfortunately, sexual discrimina- tion, sexual violence and kid brides in Turkey are the facts of our lives. In my opinion, politicians should primarily change the patriarchal laws if they’re intimate. First, the judges who made bold to speak about the skirt length of female lawyers at courts should be questioned. Moreover, they need to open women’s shelter for the women and children subjected to violence. In contrast, women’s shelters are closed. Instead of messing with the state- ments of authors, many serious prob- lems should be addressed. Disingenu- ity is at the highest level. To talk about my literature, I’ve always defended the rights of women, sexual minorities, hu- man and children as well as freedom of speech. All the time, I’ve tried to tell the stories of others from their aspect. For this reason, being exposed to such severe criticisms hurts me signifi cantly. “THE COUNTRIES LACK OF DE- MOCRACY LOSE THEIR SENSE OF HUMOUR” I’ve felt that you included more hu- morous expressions in this novel, compared to the former ones. I read the part about cemetery chucklingly even though it’s a quite sorrow- ful scene. Did you write in this way knowingly? And why? In fact, I believe in a dialectic whole- heartedly. I adore humour and set a premium on it. I’ll come to the same point, but I think the countries exposed to authoritarianism lose their sense of humour. Humour is a kind of resist- ance. Humour is oxygen and opens a breathing space for us. I show utmost respect to humour and regard it as an art branch. I place special emphasis on a dialectic for authors as well: I enjoy touching on the tragic subjects with hu- mour. I enjoy capturing the melancholy in humour as well. May be, such dialec- tic is included in all novels I wrote, with different intensities. You’re right, my last novel contains more remarkable, bolder and more assertive humour. By the way, I don’t mean patronizing, sneering and condescending humour here. I mention humour which is compassionate, so I exist in my humour as well. I may laugh at myself, but kindly. According to me, that compassion should always accom- pany with humour. “ To talk about my literature, I’ve always defended the rights of women, sexual minorities, human and children as well as freedom of speech. All the time, I’ve tried to tell the stories of others from their aspect. For this reason, being exposed to such severe criticisms hurts me significantly. “
  • 40. 40 40 UK - Turkey Business Forum held in Istanbul The 10th UK-Turkey Business Forum, which brought together the business communities of both countries, covered a wide range of issues including post- Brexit perspective, advanced technology, fi nance and infrastructure, energy, manufacturing and construction. “Turkey is one of the major investment centres with a really strong economy” said TBCCI Chairman Alderman Emma Edhem. The 10th UK-Turkey Business Forum, to which Turkish British Magazine was an at- tendee as well, was held in Hilton Istanbul Bos- phorus. The opening speech of the 10th forum, which was organised by the Turkish British Cham- ber of Commerce and Industry (TBCCI) with the contributions of the Presidency of the Republic of Turkey Investment Offi ce and the Foreign Economic Relations Board of Turkey (DEIK), was made by TBCCI Chairman Alder- man Emma Edhem. “Both countries have really solid political, social and economic relations. Turkey is one of the most important investment centres with a strong economy” she said. The forum was attended by numerous guests, in- cluding the British Ambassador to Turkey Sir Dominick Chilcott. “Turkey is one of the major markets in the world” Mentioning the op- portunities that will arise in the post-Brexit period in her speech, Emma Edhem said “Brexit brings signifi cant opportunities for Tur- key to develop its economic and commercial relations with the UK. One of the main reasons for this is that the UK will develop an independ- ent commercial policy upon leaving the EU. In particular, the main objective of the UK is to improve our current and future business rela- tions as much as possible.” Drawing attention to the fact that especially the innovation companies operating in Turkey and other regional countries still prefer the UK market to reach to customers, Emma Edham said “Both countries have really solid political, social and economic relations. Turkey is one of the most important investment centres with a strong economy. Along with its young and hardworking population, liberal investment en- vironment with the labour force in high-quality, strong infrastructure, geographical advantage by its proximity to the world`s energy hubs, and the low tax rates and investment incentives of- fered by the Turkish government, Turkey is one of the most important markets in the world.” “$2,4 billion at risk to the detriment of Turkey!” In her speech, Trade Minister Ruhsar Pekcan said that UK Trade Minister Eliza- beth Truss’s statement “We will establish free trade zones and ports in the UK after Brexit” overlaps with Turkey`s ongoing projects in this country. In addition, she pointed out that as there may be some problems in the post- Brexit era with regards to customs duties and customs clearance procedures, they have es- tablished a special working group to deal with these issues. Minister Pekcan said that Turkey seems to be the most negatively affected country in a no- deal Brexit situation. “The UN’s reports show that $2.4 billion worth of trade between Turkey and the UK is at risk to the detriment of Tur- key. Our own studies, impact analyses, and the results of our consultations with international consultancy fi rms, show the loss could go up to 3 billion dollars. Automotive, textiles, apparel, white goods and electronics are the most af- fected sectors. $2 billion in the automotive sec- tor, $1.3 billion in textiles and electronics, and BUSINESS
  • 41. 41 TurkishBritish 41 TurkishBritish $500 million in white goods will, unfortunately, be affected.” he said. “We invite British in- vestors to invest in Turkey” Chief of the Presiden- tial Investment Offi ce Arta Ermut said “We invite British investors to invest in Turkey. There are great oppor- tunities here.” Pointing out to the ambiguities caused by Brexit, Ermut said “This process un- doubtedly raises some concerns. As the world goes through such a period, such ambiguities bring opportunities along with concerns. Our professional colleagues in the private sector have great experience in crisis management and how to recover immediately. Turkey has a proven track record in emerging markets in bouncing back from the crisis” he said. Stressing the regional confl icts and crises around Turkey, Ermut said: “We, as Turkey, are located in this region for centuries. We know how to survive in times of crises. We cannot ex- pect the West to fully understand our situation. This region contains many opportunities as well as having many crises. We ask our allies to trust our experience, especially our crisis manage- ment experience. Foreign direct investment to Turkey is under constitutional protection. We want stability not only for Turkey, but also for the wider region.” he said. “Maintaining a strong partnership is to the benefit of Turkey and the UK” Highlighting the fact that the UK has been one of the most impor- tant allies of Turkey for many years, Turkey-UK Business Council Presi- dent of DEIK Remzi Gür stated that the bilat- eral relationship between the two countries dates back to 1500s. Noting that the economic relations between Turkey and the UK should be considered in a different perspective in the context of Brexit-related changes looming on the horizon, Gur said “Regardless of the evolu- tion of the state of affairs, I see great benefi t to both countries in maintaining the strong part- nership between them. Turkey`s participation in Britain’s agreements with other countries as a trade partner will be in the interest of both sides.“ He said that especially the operations of three thousand British companies in Turkey and the fact that the UK ranks in the fi rst four biggest investor countries in Turkey are among the main factors behind the strengthening partnership between the two countries. One out of every three televisions sold in the UK is Vestel! Vestel’s CEO Turan Erdoğan, one of the speak- ers at the forum, said that with its 400 employ- ees, Vestel has been operating in the UK for over 30 years since 1985 and exporting to this country. Pointing that one out of every three televisions sold in the UK is Vestel, Erdoğan told that they manufacture for 19 different brands in Turkey and sell their products in the UK under various brands. Mentioning the fact that Vestel’s total turnover in the UK reached £300 million, Erdoğan said that the company’s decision regarding moving their HQ to London will be shaped by the result of Brexit process. Erdoğan also touched upon the Brexit pro- cess, fi nished by saying: “If a no-deal Brexit happens, there will happen many negotiations between Turkey and the UK and Turkey will become a third country as a result. Both sides need to shoulder responsibility on that matter. We are more than satisfi ed with our conditions in the UK and I hope that very rational solutions can be found and the discussions and negotia- tions ahead of us will have a positive result.”
  • 42. 42 Panel on Brexit by DEIK’s Turkey - UK Business Council Ambassador Faruk Kaymakçı, was one of the speakers in the “Turkey-UK Business Council Brexit Panel” organised by DEIK, where experts commented on the report regarding the opportunities and risks that Brexit would present for the relations between the UK and Turkey. The most comprehensive report on Brexit in Turkey, “The Political and Economic Risks and Opportunities in the Turkey-UK-EU Rela- tions”, was prepared and presented by the Foreign Economic Relations Board of Turkey (DEIK) in the “Turkey and the Brexit Process: Risks and Opportunities” seminar hosted and organised by DEIK’s Turkey-UK Business Coun- cil.The report outlined the risks and opportuni- ties that Turkey may be faced with, under the various scenarios of the Brexit process. It was emphasized that Turkey should sign a Free Trade Agreement with the UK and become a party to the Customs Union agreements, forth- with. The Turkey-UK Business Council’s “Turkey and the Brexit Process: Risks and Opportunities” event took place in Istanbul on 18 Septem- ber 2019, with the participation of Mr. Faruk Kaymakçı, the Turkish Deputy Minister of For- eign Affairs, Mr. Dominick Chilcott, the UK Ambassador in Ankara, Ms. Judith Slater Brit- ish Consulate-General in Istanbul, Mr. Remzi Gür, President of the DEIK Turkey UK Business Council, Ms. Elif Gürsoy, the Director General for EU and Foreign Affairs of the Ministry of Economy, Assoc. Prof. Yaprak Gürsoy, Faculty of Aston University, and Ms. Nicola Walker Di- rector of Government Affairs, Europe, of the Ford Motor Company. The opening remarks in the “Turkey-UK Busi- ness Council Panel on Brexit” organised by DEIK were presented by Mr. Faruk Kaymakçı, the Deputy Minister of Foreign Affairs and Di- rector of EU Affairs. Pointing out that a referen- dum was held in the UK in 2016, Kaymakçı said that “All of the current arguments are based on the results of this referendum. The results gave rise to an ambiguity. The UK historically held two referendums with regard to the EU [membership]”. Kaymakçı further added that “If the UK leaves the EU today, taking out those people who voted in the referendum in 2016 and have passed away in the meantime and with- out adding new voters, then Brexit itself becomes automatically void. 80% of the young people voted for UK to remain in the EU.” Pointing out that this referendum had actually not been bind- ing, Kaymakçı said the following: “This refer- endum is of an advisory nature. If you are in the continent of Europe, you do not have the luxury of staying outside the EU. I deem that EU membership, 90 out of 100, is a benefit. In my opinion Brexit will harm the EU, the UK as well as Turkey. One of the subjects we address in the negotiations with the UK is Cyprus. As you know, the UK has bases in the island of Cy- prus.” “Turkey’s exports to the UK is 18.6 billion USD.” Mr. Remzi Gür, President of the DEIK Turkey- UK Business Council commented that “The UK is Turkey’s second largest partner in Europe. In 2016, Britain considered leaving the Euro- BUSINESS
  • 43. 43 TurkishBritish pean Union. We tried to enter the EU, but we could not. The UK wants to leave for particular reasons, but the separation process has yet to be decided by the UK and the EU” he said. Noting that Britain’s invest- ment in Turkey is around 10 billion dollars, Gür added that, “Close to 3 thousand UK businessmen are doing business in Turkey. Since Turkey’s exports to the UK are $18.6 billion, what will be our losses if the UK leaves the EU without a deal? According to the Minister of Trade, Turkey could lose $2.5 billion or $3 billion in such a case. I think the UK will recover and continue its trade in a short time. Britain is one of the largest countries in the world. If we also suffer from this situation, I think we will recover in a short time.” “In case of Brexit with a deal, an FTA can be signed with Turkey“ Speaking at the opening of the event, the British Ambassador to Ankara, Mr. Dominick Chilcott said that the rela- tions between Britain and Turkey would be good in the long term, however the short term could be a little turbulent. Stressing that Brexit is one of the main factors that will determine the relations between the two countries, Chilcott said, “If a hard Brexit occurs, we will have some important legal and administrative challenges ahead of us.” Chilcott noted that Brexit is a very complicated process and there are too many variables: “No one knows how to solve this problem and how long it will last. Maybe a general election can be held this fall, maybe not.” Dominick Chilcott said there would be a transition period in the case of a negotiated Brexit, during which time things would continue as they were with the EU, parallel to which a free trade agreement (FTA) could be signed between Turkey and the UK. Chilcott stressed that the FTA should be signed between the two countries as soon as possible and that this would depend on the political will of the two governments. Post- Brexit, relations with Turkey will be one of the most important relations for the UK, Chilcott said, “No matter which government is in pow- er, our sentiments of mutual care will continue and increase. These are both influential coun- tries... How will we live as a neighbour to the EU and how harmonised or how independent we will be in regard to the EU... These are the big questions we have in common.” “The best scenario for us is for Britain to remain in the Customs Union” Dr. Yaprak Gürsoy, Asso- ciate Professor at Aston University, who presented the report on Political and Economic Risks and Opportunities in Brexit: Turkey-UK-EU Relations said: “We have prepared a comprehensive report in order to present a historical perspective, to explain the Brexit process, to share the political implications, economic impacts and the results of a process with an uncertain end, by compiling and col- lecting the information we have obtained from all sources.” The report pointed out that Turkey will be the country most affected by the terms of an economically harsh Brexit, Gürsoy added that, “Bilateral efforts should continue to sign an free trade agreement between the UK and Turkey, immediately. The best scenario for us is for Britain to remain in the Customs Union.”
  • 44. 44 BUSINESS “Turkey will reach 45 million tourists” President of TÜRSAB, Firuz Bağlıkaya said: “When we look at the data on the number of tourists who come to Turkey in the course of 8 months, we get a percentage of 14, whereas in August there is an increase of 17 percent.” President of TÜRSAB Firuz Bağlıkaya said; “When we look at the data on the number of tourists who come to Turkey in the course of 8 months, we get a percentage of 14, while in August there is an increase of 17 percent. Tur- key would then break a new record if it succeeds in reaching these figures.” In a statement with a correspondent of the Anadolu agency, Bağlıkaya ex- plained: “The importance of the Black Sea region with its highlands and natu- ral beauties goes beyond domestic tourism as it begins to play an impor- tant part of foreign tourism. Stressing that the role the nature of the Black Sea, its oxygen reserves and its cultural assets play in tourism is growing day by day. He expressed himself noted “Compared to the Mediterranean and Aegean regions, we cannot say that it hosts enough tourists, but TURSAB is working to increase the number of tourists.” While drawing attention to the fact that the number of tourists in Turkey has increased compared to last year Bağlıkaya, continued and said: ”When we look at the data on the number of tourists who come to Turkey in the race of 8 months, we get a percentage of 14, while there is an increase of 17 percent.
  • 45. 45 TurkishBritish Turkey would then break a new record if it succeeds in reaching these figures. We also expect to break records in the coming year and the number of tour- ists will increase. As long as peace and trust reign in our country, these num- bers will increase every day.“ Emphasizing the fact that TÜRSAB is working for the promotion of Turkey Bağlıkaya said, “We will bring the travel agency to the international fair, we will occupy big stands in this fair. We will bring the representatives of foreign missions and Ambassadors serving in Turkey in different places. In other words, our union is more engaged than ever in tourism and does not deal with any other activity.” Noting that differ- entiations such as “Arab, Russian” tour- ists should not be used Bağlıkaya, said: “We welcome various tourists for each region of our country. Tourists from some countries prefer the sea and sand, while others are more interest- ed in hot springs and nature tourism. Some come for health tourism, others for golf. We have the place that suits everyone. It makes us happy that any tourist public comes a little more. Last year, the number of British tourists has seen an unusual increase. It does not bother anyone, but people ask, “is Arab tourists number growing? May The number of Arab tourists increase, It is a very good thing. I wish more tourists could come to our country. “
  • 46. 46 BUSINESS EVENTS Turkey to be featured at the WTM Tourism Fair World Travel Market (WTM), which brings together the world’s tourism giants, is setting a new record this year. The fair, which will be held from 4 to 6 November, will guide the new trends in tourism. The World Travel Market (WTM), one of the world ‘s largest tourist gather- ings, opens its doors for its 40th edi- tion this year. WTM London 2019, to be held at the Excel London International Convention Centre from 4 to 6 Novem- ber 2019, should be completed with a record level comparable to that of last year. Bringing together the global tour- ism industry, the trade show was held last year with the participation of 5,000 companies from 182 countries.51,000 people attended the fair, where in- dustrial agreements worth £2.8 billion books have been concluded. The 2019 WTM is expected to set new records above these numbers. Turkish companies will be present at the fair As in previous years, WTM London will one more time see the participation of many Turkish companies in this year. The Associa- tion of Turkey Travel Agencies (TÜRSAB), will participate in the exhibition with a stand of 120 m2 . The members of TÜRSAB who do not have stands at the fair but wishing to organ- ize meetings will be free to use the TÜRSAB stands for meetings and business talks. Izmir Development Agency, Belek Tourism In- vestor Association (BETUYAB) Titanic Hotels, MC Tourist Services, Diana Travel and OTI Holding will also have stands at the fair. What is on the agenda for WTM 2019? Wendy Olson Killion, Global Vice President of Expedia Group Media Solutions, will be a key- note speaker at the Fair. In her speech to be held the 5th of November speech at 4:15 pm, Killion will focus on the success of new tech- nologies used in tourism; she will also focus on the needs of the customer. Travel Forward London, organized as part of WTM, will meet visitors as the fi rst exciting event presenting technologies and start-ups that can be used in the travel industry. On November 6th, the winners will receive the “Best of Social Media” awards for their national campaigns. At the WTM & Women in Travel event, featuring women leaders in the sector, participants will focus on entrepre- neurship, mentoring, leadership, professional and personal development. In the session entitled ‘’Travel Leaders Speak: UK Travel Markets – What to Expect in 2020’’ the state of national and international tourism of the country during the previous year will be evaluated and the effect Brexit is having and will have on the markets will be discussed.
  • 47. London Build 2019 Expo 27 - 28 November 2019, Olympia London – National Hall The London Build 2019 Expo, where Turkish British Magazine will be the event partner, will be held between 27-28 November in Olympia London. Attend to learn of all the latest developments and opportunities in residential, commercial and infrastructure build across Greater London and the UK. London Build Expo, which will be held in Olympia London on 27-28 November, has fi rmly established the reputation as the leading construction and design show in the UK. The show is free to attend and features 500+ speak- ers, 220+ hours of CPD, 350+ exhibi- tors and unrivalled networking events. You can attend to learn of all the latest developments and opportunities in resi- dential, commercial and infrastructure build across Greater London and the UK. London Build features the Festival of Construction - making business in con- struction fun. You can join thousands of movers and shakers across the industry as they come together for 2 jam packed days of inspiring content, high level net- working and entertainment including live music, celebrity guests, street food, beer festivals, prize giveaways and per- formers, plus much more. During the expo, you can connect with 25,000+ industry professionals and meet senior fi gures from across all top 100 companies from tier 1 contractors, general contractors, architects, devel- opers, house builders, engineers, gov- ernment and 33 local councils across greater London. This is the place to be if you are keen to position yourself in front of all the UK construction industry’s key players. Exciting networking events and feature areas for 2019 include: • Women in Construction • Constructionline Meet the Buyers • Festival of Construction • LinkedIn Networking Lounge • Humans of Construction Gallery • Movement with Movember – First of its kind collaboration! Prepare for a mous- tache growing record attempt from the construction industry • Hub in the Pub – in partnership with the CIOB • Built Environment Networking Hub • LGBT Feature • Architects Hub featuring the latest ar- chitectural designs and 3D models across the capital • Many more to be announced soon. Find out more about the show and reg- ister for your free tickets: W: www.londonbuildexpo.com/Turkish- BritishMagazine2019 P: 0203 058 2350 E: enquiries@londonbuildexpo.com
  • 48. 48 Infrastructure investment opportunities in Turkey! EEL Events is proud to introduce its 8th PPP in Turkey Forum, taking place on 13-14 November in Ankara. innovation in project delivery can solve challenges that PPP stakeholders have recently faced. Despite a large number of projects slat- ed for implementation in the PPP sys- tem, Turkey’s investment need in infra- structure development is still significant. It is calculated that in years 2016-2040 the investment requirement will reach $975 bn of which approx $580 bn in transport, $240 bn in energy, and $50 bn in the water sector. Within the healthcare sector, Turkey also has more opportunities in the pipe- line. With 9 hospitals built already and 12 under construction, the government has started a tender process to build 10 more city hospitals of the total capacity of 12,300 beds. https://eelevents.co.uk/ The event is the leading business meeting bringing together a broad range of speakers, panellists and discus- sants to provide attendees with thought- provoking commentary on main PPP sectors: Healthcare, Transport, Energy and Municipal Waste & Water Manage- ment, identified by the Turkish Govern- ment as the top priority infrastructure areas needed investments. According to the latest market reports, the robust performance and attractiveness of PPP sector in Turkey are evident. Ranked first in the European markets, only between 2014-2018, Turkey brought to live 175 PPP projects with an investment value of $127 bn, significant portion of which were megaprojects like Istanbul Airport, the Eurasian Tunnel, 1915 Çanakkale Bridge and Ankara-Niğde Highway, as well as PPP city hospitals, build across the country. Market overview The 2019 edition will continue to pro- vide investors and infrastructure prac- titioners with a comprehensive update on recently completed and under construction PPP project as well as to review options on how to best deliver newly planned investments with last- ing outcomes. A particular focus will be given to lessons learnt and best prac- tices in legal and financial frameworks as well as how various approaches and BUSINESS EVENTS
  • 49. I Meet Hotel begins its 2020 European tour Through this insightful conferences, I Meet Hotel aims to give hoteliers keys to higher revenue, new technologies, innovative business models, trends in marketing and media, and customer loyalty. By bringing together infl uen- tial names in the hospitality industry directly to the hoteliers who make the decisions in the future of their estab- lishment, I Meet Hotel serves as the conduit to help build networks, busi- ness opportunities, partnerships, and sustainable services. IMeet Hotel is the fi rst global industry event connecting hoteliers to the fu- ture of hospitality and is making its next stop in Istanbul at the Intercontinental Hotel on January 15th, 2020. The con- ference is geared to the regional com- munity, however, the participants are from hospitality groups that extend globally. The event targets decision- makers from each department in the hospitality and travel industry, such as sales, revenue, marketing, and business development managers. I Meet Hotel is funded solely by its ded- icated sponsors. Sponsors of the event not only provide the funds to produce the event but are also directly involved with the travel and hospitality industry. By connecting sponsors directly to the industry, attendees can fi nd useful and innovative solutions from sponsors to ensure they are at the forefront of the ever-changing landscape of hospitality. The event put emphasis on the net- working session which enables all the participants to get to know each other, talk, exchange experiences and devel- op new business and personal relations. It is the perfect occasion to inspire and be inspired. I Meet Hotel aims to encourage inno- vation and customer excellence in hos- pitality by putting together leaders and speakers who shape the future of the industry. Returning as one of the key speakers is Bidroom.com’s Co-founder and COO Michael Ros. Bidroom was founded in 2014 to provide both ho- teliers and travelers with a fairer online travel community whereby travelers have guaranteed lower prices for rooms and hotels pay no commission due to Bidroom’s unique membership. Michael says I Meet Hotel provides an informal and more exclusive environ- ment meant to build lasting connections and relationships within the hospitality industry. It is a great event because it brings together those who are extreme- ly passionate about hospitality . The conference is scheduled for 4 addi- tion stops during 2020, so, If you miss the Istanbul edition, you will have the opportunity to join in Amsterdam, Paris, Verona or Montreux. As I Meet Hotel is an open format pro- gram, the organizers invite silip the travel and hotel community to join in different capacities. To register for the event visit; www.imeethotel.com. Additionally, to express interest to speak or sponsor the event in Istanbul, please email; info@imeethotel.com. Istanbul at the Intercontinental Hotel on January 15th, 2020
  • 50. 50 This year, Uzakrota will be organizing summit with main sponsorship SKYhub, main sup- porters Emirates Airline, Atlasglobal, and IRC International Residency and Citizenship. This year’s event further expands its concept and content with the participation of more than 4.000 local and foreign tourism professionals in 3 conference rooms, 6 stages and addition Hotelspro B2B Area and HotelRunner Lounge. Uzakrota Travel Summit which has chosen as one of the most effective 10 tourism events by Bidroom, in 2018. This year will be 150 senior speakers, more than 500 tourism brands, more than 100 fair participants and 4000 local and foreign tourism professionals at Uzakrota Travel Summit. SKYhub Main Hall, Neredekal Tourism Tech, Emirates Tourism Marketing Halls, Turkish Air- Uzakrota Travel Summit Istanbul Hilton Istanbul Bosphorus on December 13th After the Uzakrota European Summit in the Rocketspace London on 27 September which was organized with the participation of 250 tourism professionals, summit will take place at the Hilton Istanbul Bosphorus on December 13th which will organize with participation of the 4000 people. lines Corporate Club Travel Stage, Internation- al Residency & Citizenship Stage and Startup Stage will be prepared simultaneously with 6 different stages. In addition, will be provide create new collaborations in the HotelRunner Lounge and Hotelspro B2B Area. Speakers becoming clear Gabriele Milani, Director-Publicity Offi ce of the Italian Ministry of Tourism, David Gunnarsso, CEO-Meta Search’s brand Dohop, Marija Labo- vic, Director-National Tourism Organization of Serbia, Yıldıray Karaer, CEO-Corendon Airlines Group, Erkunt Öner, CEO-Tura Tourism, Baki Özarslan, CEO-Valstur, Ayşe Yağcı, CEO-Jules Verne, Mary Papathanasiou, CEO-stglobe, Hubert Viriot, CEO-Yotel Global, Chris Nader, Vice President-Shaza Hotels, Harika Kızılhan, General Manager-Turk Ekspres, Ömer Küçük- dere, CEO-Nestpick, Nikita Dedik, CEO-Road Travel, Fernanda Barrence Mutz, CEO-The Trip Boutique, Aslı Erkan, General Manager- Aviareps Turkey, Beyhan Çalık, Business Devel- opment Manager-Travelport Turkey, with the participation of these names below more than 150 speakers will be at Uzakrota Travel Summit 2019. For more information; https://www.uzakrota.com/summit19 BUSINESS EVENTS