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. 

 

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Turkey’s first electrical car Track ready to Test

  13 May 2022

Turkey’s first electrical car Track ready to Test Turkey’s Automobile Joint Venture Group (Togg) recently confirmed that the test track that was built specifically for the first domestic and completely electric car in Turkey is almost completed. The construction of the 1.6km/1 mile track started in July 2020, and the fully electric car has successfully completed a debut test run according to the consortium developing the car.
Turkey viewed as a regional hub by American Companies

  13 May 2022

Turkey viewed as a regional hub by American Companies In a recent statement, Julie Eadeh, the spokesperson from the United States' Ankara Embassy confirmed that many American companies are now seeing Turkey officially as a regional hub for business and are looking to increase investment within the nation.
Kusadasi welcomes 2,460 passengers on enormous cruise ship

  24 April 2022

Kusadasi welcomes 2,460 passengers on enormous cruise ship The Regal Princess aka “the floating city” is one of the world’s largest cruise ships, being 1,082 foot long and weighing 141,000 gross tonnes. The Bermuda-flagged ship disembarked at a port in Kusadasi in Turkey, which is situated in the west of the Aydin province.
Foreign trade using Turkish Lira jumps 72%

  24 April 2022

Foreign trade using Turkish Lira jumps 72% According to a new report from an Agency where they cited data obtained from the Trade Ministry, Turkey’s trade in Turkish Lira is still enjoying the upward trend it enjoyed over the past year. The sanctions that have been put in place recently against Russia have served to reveal again how important trade using local currencies is.
France removes Turkey from travel restriction list

  24 April 2022

France removes Turkey from travel restriction list According to the Turkish Consulate in Paris, an official announcement by France has removed Turkey from their orange list of COVID-19 restricted travel countries, moving it to the least restrictive green list and easing travel between the two countries.
Citizenship by Investment to rise from $250,000 to $400,000

  14 April 2022

Citizenship by Investment to rise from $250,000 to $400,000 BREAKING NEWS: Foreigners who want to become Turkish Citizens via property investment will now have to purchase a home worth at least $400,000 USD and agree to not sell the property for three years in order to meet the minimum requirement to apply.
Turkish Airlines aims for record number of tourism flights

  08 April 2022

Turkish Airlines aims for record number of tourism flights In the summer season of 2022, the national flag carrier Turkish Airlines (THY) will make their contribution to local tourism by offering tourism-oriented flights. Currently THY introduce millions of tourists to the stunning cities in Turkey.
Turkey sees rise of over 150% as tourists return

  08 April 2022

Turkey sees rise of over 150% as tourists return According to recent data, January has seen foreign visitors arriving thick and fast as the tourism sector in Turkey recovers from measures that had been put into place to withhold the spread of COVID-19 following the outbreak in 2020.
Istanbul welcomes back Uber luxury Black Cabs service

  07 April 2022

Istanbul welcomes back Uber luxury Black Cabs service An application made by ride-hailing has been successful and will see Uber launch a luxury Black Cab service in Istanbul. The cabs will be available on the Uber app to ensure local and foreign users can easily access and book a cab to travel within the city when needed.
Ferry Services to Turkey and Greek Islands finally resume

  07 April 2022

Ferry Services to Turkey and Greek Islands finally resume According to sector officials, the ferry service that runs between the islands of Turkey and Greece in the Aegean Sea has finally resumed service after being out of action for two years due to the safety measures put in place for the COVID-19 pandemic.
Istanbul Financial Center welcomes the Central Bank

  31 March 2022

Istanbul Financial Center welcomes the Central Bank In accordance with an email that was sent from the monetary authority to its employees, the Turkish Central Bank is forecast to move its operations currently in the capital of Ankara to a new location in Istanbul in the next few months.
Medical tourists from Europe favour Turkey

  31 March 2022

Medical tourists from Europe favour Turkey The General Manager from a health organisation in Ankara has reported that the European medical tourism is starting to be directed in Turkey’s direction. In a press release, Ali Takut, the General Manager of health in everywhere confirmed that Turkey has many cities offering medical tourism to foreigners such as those in Ankara, Antalya, and Istanbul.

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