A downturn in visitor numbers has meant a corresponding drop in interest in Turkish property. However, as experts predict a return to form in 2018, demand - along with prices - is expected to increase. Add a low Lira and Brexit into the equation, and you have the perfect buyer’s market. We explain why the time to buy in British favourites Fethiye and Kalkan is now.
Property Turkey Blog
In 2007, Turkey unveiled their strategic tourism plan. With a deadline of 2023, that will be the 100th year anniversary of the Turkish Republic, the project aimed to make the country one of the top ten most visited destinations in the world. After the troubles of 2016, the Turkish tourism market has adjusted in 2017 with new plans to bounce back in 2018. Find out why 2018 just might be Turkey's year to get back on track.
Across the world, one common complaint about city living is that it loses its intimacy. However, builders in Istanbul, the most forward thinking and advancing city in Turkey have found a way around this. Knowing their heritage like the back of their hand, they are incorporating the traditional community features into the large skyscraper buildings springing up all over the city. So, the social traditions are still there; they just look different.
In the last thirty years, the concept of living abroad has opened to the masses. Whereas pre- 1990s, it was restricted to affluent retirees, the advancement of travel, technology and the Internet means more people are looking at upping sticks to seek out an alternative lifestyle and in many cases, one that is more laid-back, healthier and of course, full of copious amounts of sun. Have a read of why you should consider retiring to Turkey.
Turkey is one of the ten most popular tourism destinations in the world, yet it lags far behind other countries in marina, sailing and yacht tourism. While places like Spain, Portugal and France were building marinas and yacht clubs in the 1940s, Turkey did not start until the 1990s. Hence it missed an excellent opportunity to become a leader in the yachting world. Real estate investors have a prime market for long-term investment, as naturally once a new marina is built, property values automatically increase.
Erdogan’s announcement that Turkey no longer needs EU membership has made headlines. Cooling Turkey-EU relations have cooled this year but as a longstanding trading partner and geopolitical ally, Europe needs Turkey more than ever before. We explore Turkey’s EU accession background and the case for keeping good relations.
Some people like familiarity. They have a small select group of lifelong friends, and they live their entire lives in the same city or town. However other people get the urge to spread their wings and these days. Indeed, many expats have descended on the shores of Turkey and are often found in the small Aegean and Mediterranean towns. Unfortunately, not everyone stays because there are some aspects of Turkish life that they just really can’t get their head around.
Erdogan's new fiscal measures are having a positive effect on the Turkish economy, which in turn is great news for anyone thinking of investing in Turkish property, as prices around the country - especially in Istanbul - continue to climb. Erdogan, who has spent the last 15 years transforming the country's economic fortunes, will need to continue his progress to keep voters onside.
Autumn in Turkey is an ideal time to travel. Firstly, travel agents drop their peak time premium charges, so there are many opportunities to save money on flights, hotels and exploring. Sitting somewhere between the hot sticky days of summer and the quiet ambience of winter, no matter where you go, fewer crowds also ensure freedom, peace and relaxation.
A new tourist city will be built in Bodrum, part of a modern-day Silk Road project, multi-trillion dollar investment by a group of Chinese investors. The tourist city will transform the face of Bodrum, turning it from a summer resort into a year-round centre with a wealth of cultural and leisure activities, helping to drive the local economy and push property prices up.