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Latest property & economy news from Turkey

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. 

 

Brits flock to Turkey as lira reaches new low

Brits flock to Turkey as lira reaches new low

Tourism's back on the map in Turkey, helped along by a low lira, which means a low-cost holiday for Brits looking for ways to spend a failing pound. Numbers of domestic tourists are also on the rise, with more Turks than ever before holidaying in their own country.

08 August 2018

Athletic Antalya: sports big business in southern city

Athletic Antalya: sports big business in southern city

Sports tourism is booming in Turkey, especially in the Mediterranean city of Antalya, a popular spot for sports teams and events. Investment in infrastructure and facilities means Turkey's share of the $200bn global sports tourism share will rise to $1bn this year, and as for the future: it's nothing but net for Turkey.

31 July 2018

Turkey's economy is stable, says new finance minister

Turkey's economy is stable, says new finance minister

Turkey's new finance minister is also President Erdogan's son-in-law, and the relationship leaves investors wondering whether Berat Albayrak will go his own way, or follow his father-in-law's stance on opposing Central Bank interest rate hikes. Albayrak has recently commented that Turkey's economy is strong and stable.

26 July 2018

Can Turkey benefit from the US-China trade war?

Can Turkey benefit from the US-China trade war?

In March, the US President announced 25 percent tariffs on imported steel and iron, causing China to retaliate with its own tariffs. The tariffs are likely to effect most world economies, but experts say Turkey can find a way to mitigate or even profit from the current circumstances by setting up US industrial zones and expanding into new markets.

13 July 2018

50m visitors by 2023? Turkey's tourism strategy

50m visitors by 2023? Turkey's tourism strategy

Fifty million visitors by 2023 is an ambitious goal. But the Turkish government is confident it's reachable. Turkey's foreign minister recently reiterated the ambitious target, which would see tourist numbers increase by some 20 million in just five years. We look at the ways Turkey is planning to attract new markets and bolster existing ties.

05 July 2018

Erdogan's victory assures Turkey's economic future

Erdogan's victory assures Turkey's economic future

Erdogan has cinched a victory in Turkey, with the president gaining a clear win over his opposition candidate, and his AK Party forming a majority coalition with its ally, MHP. Although Erdogan's majority has slipped, his continued rule means the country's economic future is secured, good news for anyone looking to invest in Turkey.

27 June 2018

Turkey's first-quarter growth defies expectations

Turkey's first-quarter growth defies expectations

Turkey's economy expanded by 7.4% in the first quarter of the year, a result that's being lauded as a positive indication for annual growth, as well as an incentive for foreign investors looking to invest in Turkey's property, energy and industry sectors, which have overtaken service sectors to become the country's most targeted.

17 June 2018

Turkish election too close to call, poll shows

Turkish election too close to call, poll shows

In ten days, Turks will head to the polls. What happens after that is the cause for much debate. Will Erdogan's ruling AK Party coalition manage to hold onto its majority? Or are we due to see change in the form of populist CHP leader Muharrem Ince? Whatever happens, it's clear: Erdogan's hold on power is not what it once was.

14 June 2018

New flights to Bodrum an industry ‘game changer’

New flights to Bodrum an industry ‘game changer’

The announcement from Turkish Airlines that direct flights are now operating between London Gatwick and Bodrum Milas Airport has been met with excitement from Turkey's tourist industry. Formerly served by charter flights, Bodrum's links with the outside world are now stronger than ever, pushing property prices higher and bolstering the local economy.

13 June 2018

Tourists flock to Antalya, holiday sales up

Tourists flock to Antalya, holiday sales up

Tourist numbers are looking healthy again in Turkey. The first five months of the year saw an increase in 700,000 tourists travelling to the southern city of Antalya. It's great news for the local economy and for anyone working in the tourism industry. The province is aiming for a total of 14 million tourists this year.

31 May 2018

Teeing off: golf tourism rebounds in Turkey

Teeing off: golf tourism rebounds in Turkey

Golf is once again at the fore in Turkey, with record numbers of games expected to be played before the year's end. The country is once again on the tournament map, with international and local professionals set to play in golfing centre Belek, as well as Samsun, on the country's Black Sea.

24 May 2018

'Stunning' air traffic figures cement Istanbul's investment status

'Stunning' air traffic figures cement Istanbul's investment status

A reported jump of 21.5 percent in the number of passengers travelling to Istanbul's Ataturk Airport is not only due to tourism, claims Property Turkey director Cameron Deggin. Istanbul's status as a global property investment hub has never been more assured, with investors from the Middle East queuing for investment property in the city's regenerating areas. 

15 May 2018

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