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Property Turkey 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. 

 

Forget politics: we love Germans, say Turks

Forget politics: we love Germans, say Turks

President Erdogan's remarks about "Nazis" have done little to heighten relations between Turkey and Germany. But that shouldn't get in the way of tourism, say Turkish tourism officials, who are welcoming Germans to Turkey and especially the favourite German city of Antalya. Meanwhile, a UN official says tourism will bounce back as Turkey seeks to increase tourist share from Israel and the Ukraine.

21 March 2017

Property Turkey's $11 million week at Doha Cityscape

Property Turkey's $11 million week at Doha Cityscape

Partnering with Sinpas at the CityScape Expo this week in Doha, Property Turkey took 37 reservations for developments in Istanbul, Bursa and Ankara. Property Turkey director Cameron Deggin said the success was down to interest from Middle Eastern buyers, who are increasingly looking to Turkey for second homes and investment properties.

16 March 2017

Overseas buyers now exempt from VAT on Turkish property

Overseas buyers now exempt from VAT on Turkish property

A recent law change aiming to boost Turkey property sales to foreigners has eliminated the 18% VAT tax on Turkish property. If you're an overseas buyer, or a Turk living abroad, you can buy a commercial property or residential property in Turkey and avoid paying tax - as long as you hold onto the property for a year.

08 March 2017

Turkey’s economic outlook positive despite inflation

Turkey’s economic outlook positive despite inflation

The overall outlook for the Turkish economy is positive, with 2.8 percent growth expected this year despite inflation reaching double digits. Analysts say measures taken by the Central Bank, as well as improved tourism and export figures, will temper inflation to 8 percent, and result in an overall growth for the economy this year.

06 March 2017

Erdogan launches campaign for greater presidential powers

Erdogan launches campaign for greater presidential powers

President Recep Tayyip Erdogan has begun a six-week campaign ahead of a referendum in April that will ask Turks to approve constitutional changes that will allow him to wield greater presidential power. At the moment, Turks are divided on the issue, but Erdogan is a seasoned campaigner and skilled at the election rhetoric that has seen him win election after election.

27 February 2017

Turkey set to be world's 11th largest economy by 2050

Turkey set to be world's 11th largest economy by 2050

A Pricewaterhouse Coopers report showing what the world's largest economies will likely be in 2050 reveals some surprising results: current powerhouses will slip from their comfortable top spots to allow for emerging markets to take prime position. Among them is Turkey, currently at 17th place, which will climb to 11th position.

23 February 2017

Turks abroad: come home for the holidays, urges Erdogan

Turks abroad: come home for the holidays, urges Erdogan

President Erdogan is urging the 5.5 million Turks living outside the country to travel back to Turkey for their holidays this year. The tourist sector has taken a battering from a depressed lira and a turbulent year 2016 where security concerns deterred foreign visitors from holidaying in Turkey. Meanwhile, domestic holiday demand has soared as Turks seek to take advantage of early holiday promotions.

13 February 2017

Fikirtepe urban transformation: building a new Istanbul city

Fikirtepe urban transformation: building a new Istanbul city

Fikirtepe on the city's Asian side is a notorious slum area. However, this is about to change quite dramatically as $18 billion is poured into the area to build new homes and improve local infrastructure. A government official has said Fikirtepe will become a city within a city as construction ramps up in earnest.

06 February 2017

Theresa May courts Erdogan and Trump for post-Brexit trade

Theresa May courts Erdogan and Trump for post-Brexit trade

Last week proved fruitful for Theresa May, who visited US President Donald Trump and Turkish President Recep Tayyip Erdogan in a push to sew the seeds of future trade deals which will prove necessary when Britain is no longer part of the EU. May and Erdogan signed a multi-million dollar fighter jet deal. The pair agreed it would be the first of many deals which would bolster relations between the two countries.

30 January 2017

Tourism news update: what's Turkey doing to improve tourism?

Tourism news update: what's Turkey doing to improve tourism?

Turkish tourism floundered last year in the face of geopolitical instability. This year, tourism officials are working hard to address visitor numbers. We examine the latest measures taken to try and bring that number back up, including using Syrian refugees to bolster the industry, as well as diversification.

23 January 2017

Reunification talks offer last chance saloon for Cyprus

Reunification talks offer last chance saloon for Cyprus

Cyprus and Northern Cyprus leaders are sitting down this week to try and thresh out a solution to a problem that's remained unsolved for more than four decades: the reunification of the two parts of divided Cyprus. Officials remain hopeful - but no one really knows which way they'll go.

09 January 2017

Flights cancelled as temperatures plunge in Turkey

Flights cancelled as temperatures plunge in Turkey

An unprecedented cold snap has pushed temperatures below their average by 10 to 15 degrees, and sent snow that has seen the cancellation of 800 flights. Meanwhile, the Eurasia Tunnel has opened to great fanfare and excitement - especially by commuters who will save an estimated 52 million hours in travel time.

07 January 2017

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