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Turkish property & economy news

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. 

 

Ramadan beats all expectations to boost Turkish economy by $2bn

Ramadan beats all expectations to boost Turkish economy by $2bn

The nine-day Ramadan holiday helped boost the Turkish economy, with domestic and international tourists spending an impressive US$2bn. Tour operators and businesses connected to the tourism industry were happy with the increased spend, which surpassed previous years, thanks to the extension of the holiday from three days to nine.

13 June 2019

Turkish Airlines offers transit passengers free Istanbul tour

Turkish Airlines offers transit passengers free Istanbul tour

Turkish Airlines have announced that they have extended their free tours of the city, now offering tours in the evenings around the Bosporus for those staying between 6 and 24 hours in transit through Istanbul Airport. Abdullah Yormaz, Tour Marketing Manager of Turkish Airlines, made the announcement.

12 June 2019

Turkey records best-ever April property sales thanks to foreigners

Turkey records best-ever April property sales thanks to foreigners

The property market in Turkey has experienced its best ever first quarter sales to foreigners, and the best April ever for housing sales in general according to new data. TurkStat (Turkish Statistical Institute) confirmed that foreigners purchased 3,720 houses in April.

11 June 2019

Turkey celebrates Eid, at the mosque and the beach

Turkey celebrates Eid, at the mosque and the beach

Eid al-Fitr is one of the most significant calendar events in Turkey. During the two-day celebration mosques fill with worshippers, and feasts are held in every home. It's also a time of travel, and one of the most lucrative tourist periods of the year, generating more than US$500 million for the economy.

05 June 2019

Record Number of Tourists Travel to Turkey in January and February

Record Number of Tourists Travel to Turkey in January and February

The Turkish Culture and Tourism Minister announced that during the first two months of 2019, Turkey was visited by more than 3.2 million foreign tourists. Official figures have confirmed that this is a 7.4% rise when compared to the same period last year.

05 June 2019

Quarter 1 tourism figures in Antalya up by 25% in 2019

Quarter 1 tourism figures in Antalya up by 25% in 2019

One of the leading tourist destinations in Turkey, Antalya continues to post increasing visitor numbers with a 25% growth of foreign tourists visiting the city in the first three months of 2019, compared to the same period the year before.

30 May 2019

Brits warned ahead of summer trips to Turkey

Brits warned ahead of summer trips to Turkey

A surge in the number of Brits heading to Turkey has prompted a warning from the British government: expect queues. Ataturk Airport recently shifted operations to Istanbul's new airport, and travellers are warned to make sure their visas are in order ahead of travelling to the new hub.

30 May 2019

Rising new Landmark in Istanbul – Camlica Tower

Rising new Landmark in Istanbul – Camlica Tower

As Camlica Tower, a new radio tower on the Asian side of Istanbul comes to the end of construction; visitors will be able to marvel at a stunning view across the city. The part of the tower that has been designated as a restaurant complete with observation point is said to reach 388 metres in height.

27 May 2019

Turkey’s economy will dodge recession, say analysts

Turkey’s economy will dodge recession, say analysts

Spending and lending ahead of March's elections had a good result in Turkey, and analysts believe the country might have swerved the recession that many people feared. However, there's still plenty of work to do to address inflation levels and the low currency, as well as finding a way to address Turkey's foreign debt.

27 May 2019

Celebrations and Culture Festival Welcome Erdirne in the Spring

Celebrations and Culture Festival Welcome Erdirne in the Spring

The history in Erdirne spans over 1,500 years, it is located in the area of East Thrace in the North West of Turkey, between the borders of Bulgaria and Greece. East Thrace served as the Ottoman capital for almost a century until Sultan Mehmed conquered Istanbul in 1453, with Istanbul then becoming the empire’s new capital.

24 May 2019

Don't go on holiday, stay and vote, city dwellers urged

Don't go on holiday, stay and vote, city dwellers urged

People living in the cities are being urged on social media to stay home during the next mayoral elections on June 23 in order to vote. Campaigns by southern resort cities mention upcoming storms, an amusing way of telling people to not visit until after the votes are cast. The controversial mayoral rerun was announced after President Erdogan accused opposition of corrupt practices.

23 May 2019

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