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.
Forget Gold, Real Estate is the best investment in Turkey
One of the most popular investment choices for Turkish locals is still real estate, according to a latest survey. Despite everything that has happened over the past year, Turkish real estate continues to be the investment that citizens have called the most satisfying.
Villa rentals up as tourists seek a safe holiday in Turkey
Renting a villa in Turkey is becoming more popular amongst both foreign and domestic tourists. Social distancing has become a common aspect of people’s lives and has had a huge impact on holiday preferences during 2020. Tourists have been looking for a safe holiday and are choosing to book a villa rather than staying in busy hotels.
Fleeing a tanking economy, Iranians opt for Turkish citizenship
An exodus that began in 2009 with the re-election of a hardline president shows no sign of slowing, as Iranians look for an alternative to their failing state. With Turkish citizenship by investment still on the table, Iranians are increasingly looking to Turkey as a place to make a fresh start.
Investment to keep flowing in Turkey in next 5 years
The head of Turkey’s presidential investment office has stated at the Web Summit 2020 that Turkey is set to see a larger amount of investment over the next five years, with interest in Turkey currently higher than ever.
Industry investment in Turkey up by 30%
Mustafa Varank, the Industry and Technology Minister, has revealed that in November 2020 Turkey provided 1,009 investment incentive certificates which will provide the country with investments totalling 25.3 billion Turkish Lira (3.31 billion USD) and also create in the region of 33,903 new jobs in the country.
Turkey is still Number 1 with Russian Tourists
In 2020, data has shown that despite the coronavirus pandemic that decimated the tourism industry around the world to a standstill, Turkey remained the top destination for Russian tourists leaving Russia for holidays abroad during the summer and beyond towards the end of the year.
25 million foreign visitors expected in Turkey in 2021
The tourism sector in Turkey is hoping that, by administering coronavirus vaccines, the sector will welcome 25 million foreign visitors this year after a sharp decline in visitor numbers last year due to the coronavirus pandemic that took hold of the globe.
Demand for Turkish citrus booms, fuelling exports
When the coronavirus pandemic halted exports from China, importers of citrus fruit were forced to look elsewhere. Enter, Turkey. Last year's citrus exports from Turkey increased by 24%, turning mandarins, lemons, oranges and grapefruit into a central tenet of Turkey's agricultural exports. Russians were at the top of the list, importing almost 200,000 tonnes of fruit.
Mount Nemrut welcomes over 500,000 tourists
Mount Nemrut stands between the East and West crossroads in southeastern Turkey and is one of the most spectacular tourist attractions in the country, welcoming over 500,000 international and local tourists in the last few years. Mount Nemrut is a mountain that stands 7,001 feet high in Kahta in Adiyaman province.
4 months Hazelnuts exports provides 732.8 Million USD
Hazelnut exports between September and December 2020 by Turkey earned a grand total of 732.8 million USD (TL5.4 billion), according to data provided by a regional trade group. The Black Sea Hazelnut and Products Exporters’ Association provided data which shows that the 4-year figure fell by over 32% from the same time last year.
Investors return to Turkey as lira strengthens
There's a bright spot on the horizon with the news that Turkey's economy is set to grow as much as 4% this year. Since November, investors have returned to Turkey, buoyed by the rallying of the lira and an economy revitalised by increased consumer spending and a healthy domestic property market.
UK's free trade pact with Turkey paves the way for 'ambitious deals' in future
Days before the UK formally leaves the European Union, London and Ankara have reached an historic trade deal. The two countries have $25bn in annual trade, and the agreement means this will be upheld. It also paves the way for a more ambitious deal in the future, with trade expanding into agriculture and services.