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.
Turkey emerging as top post-pandemic investment market
Whilst the short-term perspective of the global economy is looking disappointing due to severe contractions from the COVID-19 Coronavirus outbreak, experts suggest that early indications are showing that Turkey is an emerging market that will offer excellent investment opportunities despite the diminution.
Despite the Coronavirus Turkey sees auto sales up 44% in Q1
Data released has showed that the sale of automobiles fell 23.6% in Europe in the first quarter after declining demand and increasing interruption in the global supply chains, whereas Turkey recorded a huge 44% increase thanks to strong demand.
Turkey opens its doors to health tourists
Turkey's health tourism industry is a vital part of the country's economy. With coronavirus cases in Turkey falling, the country is looking to restart its tourism industry, starting with allowing citizens of 31 countries the opportunity to travel to Turkey to access vital healthcare facilities.
Istanbul's children get their first taste of freedom
With coronavirus infections easing in Turkey, restrictions on its populace are lifting. Malls are opening, salons are open for business, and people are venturing out for the first time in weeks. Children and elderly people, who were ordered inside by the government, are finally getting a taste of freedom after almost eight weeks.
Could Kalkan be the ideal isolation destination?
These may be socially distanced times, but the desire to go on holiday remains strong. Tourism might look a little different for a while, but it'll soon be back on its feet. In the meantime, tourists are making enquiries about destinations that are private, out-of-the-way, and laid back. Kalkan, which is all of these, is about to experience a surge of popularity.
Duden Waterfalls waters clear thanks to COVID-19 lockdown
Jellyfish and octopuses have been seen gliding through the narrow canals of Venice, mountain goats causing havoc in towns across Wales in the United Kingdom, as well as dolphins taking residence in the Bosphorus in Turkey’s own heart, Istanbul. Mother Nature is taking back what was hers around the world, and Turkey is no exception to this.
Online real estate sales top 100 million TL in Turkey in March
The chairman of the Real Estate International Promotion Association (GIGDER), Faruk Akbal stated that foreign buyers have purchased properties in Turkey online worth more than 100 million Turkish Lira (14.3 million USD) in March 2020, as the industry evolves during the coronavirus pandemic.
LC Waikiki producing 40 million masks a week in Turkey
According to company Chairman Vahap Kucuk, LC Waikiki, the national clothing retailer in Turkey has turned their hand to producing 40 million face masks each week without any profits being made. LC Waikiki has done this in order to help support the Turkish fight against the spread of the deadly coronavirus currently affecting the world.
Turkey launches COVID-19 free certification to promote tourism
The Turkish Tourism Minister has announced that Turkey is launching a COVID-19 certification system that will be internationally recognised and be able to advertise areas that are free of the Coronavirus virus, in the hope that touristic areas and facilities will see a revival.
As covid cases drop, Turkey's malls plan a slow reopening
With Turkey's coronavirus cases falling, it seems the country is turning the tide on the pandemic that has caused a global shutdown. Now, the country's malls are planning a reopening. While some say it's premature, for the retail sector the cautious re-emergence is positive news.
Turkey now EU’s 6th largest trade partner in 2020
It was reported on Monday by the European Union’s statistical authority that the union’s trade balance for foreign trade had seen a 20.2 billion Euro (22.2billion USD) surplus in the first two months of 2020.