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Refer to news releases published by Property Turkey for latest updates on political matters, economic performance, tourism in Turkey, real estate market analysis and other matters that could potentially affect property investment and living in Turkey.  

Covering Turkey's popular real estate markets, including Istanbul, Bodrum, Antalya, Fethiye, Kalkan, Kas, and Side as we scour through hundreds of international sources to bring you the very latest updates on Turkey.  We look at political affairs, economic updates, mortgages, tourism, weather, taxes, social and cultural affairs that are relevant to all things Turkish. 

 
Istanbul Airport to launch new take-off and landing operations

2024-December-10

Istanbul Airport to launch new take-off and landing operations

Istanbul Airport has announced that it is preparing to launch simultaneous take-off and landing operations on three different runways starting from April 2025. This will make it the first aviation hub in Europe to do so.

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Turkey welcomes 1.8 million cruise passengers from Jan – Oct

2024-December-10

Turkey welcomes 1.8 million cruise passengers from Jan – Oct

The Transport and Infrastructure Ministry announced that Turkish ports welcomed 1.8 million cruise passengers during the first ten months of 2024. This marked a notable increase of 27% when compared to the same period last year, as more and more cruise tourists choose Turkey.

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Ryanair to launch new direct flights to Turkey

2024-November-07

Ryanair to launch new direct flights to Turkey

Ryanair, the popular low-cost airline, has announced that it will launch new direct flights to Turkey from London Stansted Airport. The new flights will start from December 1, 2024 and will be available to two Turkish destinations – Bodrum Airport and Dalaman Airport, providing cheaper and easier access to Turkey for British tourists.

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Turkish Airlines fly 65 million passengers in 9 months

2024-November-06

Turkish Airlines fly 65 million passengers in 9 months

The national carrier of Turkey, Turkish Airlines (THY), has announced that over 65 million passengers took THY flights during the first nine months of 2024 – up by 1.8% when compared to the same period in 2023.

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Domestic tourism spending increases in Turkey

2024-November-05

Domestic tourism spending increases in Turkey

Official data recently released by the Turkish Statistical Institute (TurkStat) showed that domestic tourism spending in Turkey increased by a huge 115.8% in the second quarter of 2024, compared to the same period in 2023.

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Turkey ups end-of-year tourism target to 61 million

2024-November-05

Turkey ups end-of-year tourism target to 61 million

Following the arrival of 49 million tourists during the first nine months of the year, Turkey has revised its year-end target of total number of tourists to 61 million people, up from an original 60 million arrivals expected at the beginning of the year.

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Turkey introduces new Tech Visa for professionals

2024-October-31

Turkey introduces new Tech Visa for professionals

Turkey has introduced a new Tech Visa program for highly skilled professionals and entrepreneurs wanting to launch start-ups in the country. The program will provide a three-year work permit for those wanting to work within the tech industry in Turkey.

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Cappadocia sets new record for Hot Air Balloon bookings

2024-October-16

Cappadocia sets new record for Hot Air Balloon bookings

Tourist data released shows that between the period of January to October 2024, a total of 583,063 people booked hot air balloon rides over Turkey’s famous Cappadocia region – which is a new record.

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17 million tourists expected in Antalya in 2024

2024-October-10

17 million tourists expected in Antalya in 2024

The beautiful Turkish city of Antalya is aiming to surpass last year’s tourism numbers and post a new record of 17 million tourists by the time 2024 has finished. Known as the Jewel of the Turkish Riviera, Antalya is one of the most popular tourism destinations in the world, hosting visitors from more than 180 countries worldwide.

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Turkey continues to rise in the Globalised World

2024-October-02

Turkey continues to rise in the Globalised World

As the world adjusts to a shifting economic landscape, Turkey has emerged as one of the key protagonists on the global stage. Being an upper-middle-income country, Turkey is an emerging market that holds a considerable share of global economic influence. According to the IMF, it is the 17th largest economy in terms of nominal GDP.

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Istanbul Airport ranked Best in Europe according to Google

2024-September-11

Istanbul Airport ranked Best in Europe according to Google

Istanbul Airport has been named the best airport in Europe, according to a recent study by a prominent holiday rental booking portal. The study, which evaluated Google Review ratings, assessed airports across Europe to highlight both top and underperforming hubs.

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Pamukkale sees 12% surge in visitors, reaching 1.7 million tourists

2024-September-11

Pamukkale sees 12% surge in visitors, reaching 1.7 million tourists

Pamukkale, one of Türkiye’s most iconic natural and historical attractions, has experienced a 12% increase in visitors in the first eight months of 2024, drawing a remarkable 1.7 million tourists. Known for its stunning white travertine terraces, ancient city of Hierapolis, and the famous Cleopatra’s Pool, Pamukkale continues to captivate tourists.

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Offices in Istanbul reach 12-year peak in occupancy rate

2024-September-04

Offices in Istanbul reach 12-year peak in occupancy rate

The commercial real estate market in Istanbul is experiencing its highest office occupancy rate in over a decade, according to recent reports. As of June, the total office supply in the city has reached 7.12 million square metres, with an impressive 89.7% of this space now occupied. This marks the highest occupancy level seen in the past 12 years.

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Turkish e-exports double to reach $4.16 billion

2024-September-04

Turkish e-exports double to reach $4.16 billion

New data recently released showed that Turkish e-exports have almost doubled between January and August 2024 when compared to 2023. Trade Minister, Omer Bolat, announced that e-exports reached $4.16 billion in the first eight months of 2024, a 94% increase over 2023.

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New proposals approved to improve taxi service in Istanbul

2024-September-02

New proposals approved to improve taxi service in Istanbul

The Istanbul Metropolitan Municipality (IBB) Transportation Coordination Center (UKOME) has approved a new transformative proposal aimed at addressing the long-standing issue with taxi service problems in Istanbul, marking a significant step towards improving the taxi service throughout the city.

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10.5 million tourists arrive in Istanbul in 7 months

2024-September-02

10.5 million tourists arrive in Istanbul in 7 months

New official data released on Sunday showed that nearly 10.5 million tourists visited Istanbul during the first seven months of 2024 – representing a surge of 7% when compared with the same period last year.

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Turkey’s tourism industry continues to surge

2024-August-26

Turkey’s tourism industry continues to surge

From January to June 2024, Turkey welcomed 25 million visitors, who contributed more than $23 billion to the economy. This marked a 9% increase in tourism revenue compared to the previous year, alongside a more than 10% rise in tourist numbers.

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Turkey a top destination for tourists worldwide

2024-August-05

Turkey a top destination for tourists worldwide

Turkey, strategically located between Europe and Asia, has become a top destination for tourists worldwide. With its breath-taking natural beauty, rich historical and archaeological sites, improving tourism infrastructure, and renowned hospitality at competitive prices, it's no wonder that Turkey is drawing millions of visitors each year.

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Growing confidence in the Turkish Lira

2024-July-31

Growing confidence in the Turkish Lira

The Turkish Lira (TL) has been the subject of extensive analysis, particularly concerning its depreciation, often evaluated through the lenses of inflation and purchasing power. However, the measures implemented since June 2023 have significantly contributed to the stability of the TL, shifting the narrative towards a more optimistic outlook.

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Turkey’s ambitious tourism targets for 2024

2024-July-31

Turkey’s ambitious tourism targets for 2024

Turkey has made significant strides toward its ambitious tourism targets for 2024, aiming for 60 million tourists and an income of 60 billion dollars. By the first half of the year, the nation had already accomplished a substantial portion of these goals.

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