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.
The lira's sliding, what now for property buyers?
Turkey's lira is making the news again. If you're a Turkish citizen, the news is bad. But if you're a buyer, especially with dollars or pounds, opportunity knocks. Property Turkey director Cameron Deggin says business is booming, and if you're an investor, the time is now to make your move.
Upwards of 103.5 million arrivals at Istanbul Airport
Despite the worldwide COVID-19 pandemic that has brought the airline sector to its knees last year, Istanbul Airport has welcomed over 103.5 million people in the past three years since first being opened, as well as receiving multiple top accolades and international awards.
Bill Gates looking at investments in Turkey?
According to a popular Turkish daily newspaper, one of the world's wealthiest individuals, Bill Gates, is reported to be enjoying both work and pleasure while on vacation in Turkey, after being seen breakfasting at the mansion of one of Turkey's most powerful businessmen.
Turkish hotels busy despite tourism season being over
The Russian Union of Travel Industry (RST) chairperson said that although the winter period will soon be upon us, Turkish hotels are still enjoying high occupancy rates with tourists continuing to holiday, and in affect, extending the tourism season in Turkey.
Turkey expecting 50 million tourists by 2023
According to the Culture and Tourism Minister, Mehmet Nuri Ersoy, Turkey aims to attract 50 million tourists and increase tourism revenue to $50 billion by 2023. As part of his visit to Qatar, Ersoy stated there are major tourism projects in Turkey's Aegean region that will benefit the national economy for the next 50 years.
July – September sees Turkish tourism revenue up by 182%
The Turkish Statistical Institute (TurkStat) recently announced that in the third quarter of this year, tourism income in Turkey has risen by a massive 181.8% following a significant decrease in 2021 due to the COVID-19 pandemic. The country has earned approximately $11.4 billion in the three months from July – September.
Istanbul welcomes more visitors in 9 months than last year
The metropolis of Istanbul has played host to an impressive 5.8 million tourists in the first 9 months of 2021. This is higher than total numbers achieved in 2020, when the travel and tourism industry was struck a major blow from the Coronavirus pandemic that swept across the entire world.
Turkey is looking to youth to safeguard its future
The future promises to be an interesting one: millions of job lost, while millions more created - including millions of jobs that currently don't exist. To prepare for this brave new world, private and public enterprises are rolling out initiatives aimed at upskilling Turkey's youth, to ensure the country's economy continues to flourish.
Is Bill Gates investing in Bodrum?
Bill Gates has taken an extended holiday in Turkey this year, cruising the Aegean and Mediterranean coastlines before stopping in Bodrum. His travels have given rise to speculation - not for the first time - that the Microsoft founder and billionaire is intending to invest in Bodrum land.
Hotels full as tourism ramps up in Turkey
Russians have long visited Turkey. So it's no surprise that when restrictions lifted, they came flooding back to the country. Russian visitors have filled hotels as well as Turkey's coffers, contributing millions to the economy. Visitors looking for breaks have extended the high season well past its traditional September decline.
Injured cat: who you gonna call? The Petbulance
An ambulance for pets is working around the clock in Bodrum to ensure the peninsula's stray animals are cared for. The team attends incidents where cats and dogs have been injured and treats them at the scene. They also vaccinate strays and make sure they are fed and watered.
Monthly Exports from Turkey exceed $20B for first time
Turkish exporters surpassed the $20 billion mark for the first time monthly in September, according to a statement made by the country's trade minister. Last month's exports increased by 30% to $20.8 billion in total, according to Mehmet Mus, who spoke at a meeting in Ankara to announce preliminary figures in Turkey.