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Turkish property & economy 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. 

 

Half a million medical tourists visited Turkey last year

Half a million medical tourists visited Turkey last year

With a 27 percent increase on the number of visitors coming to Turkey for health reasons last year, the medical tourism sector has reason to celebrate. Medical tourism is set to grow this year, with officials aiming for a tenfold increase in the number of Russian health tourists visiting the country.

20 February 2019

Foreign visitors to Istanbul tops 13 million in 2018

Foreign visitors to Istanbul tops 13 million in 2018

Results have recently been announced by the Istanbul Provincial Directorate of Culture and Tourism, confirming that over 13.4 million foreign tourists visited Istanbul in 2018. According to the information that was gathered from the report it showed that there was an increase of 24% when comparing foreign visitors in 2017 and 2018. 

19 February 2019

Record-breaking numbers at Dusseldorf Turkish real estate fair

Record-breaking numbers at Dusseldorf Turkish real estate fair

February 8th marked the opening of the three day “My Home Investment and Retail Fair” in Dusseldorf, Germany. The event had the full support of the Turkish Urbanisation and Environment Ministry and proved to be a huge success with a record-breaking number of total people attending to learn more about real estate and new projects in Turkey.

19 February 2019

Qatari Tycoon invests 200 million USD in Kocatas Mansion

Qatari Tycoon invests 200 million USD in Kocatas Mansion

Twenty years ago, the rare and valuable Kocatas Mansion in Istanbul was subjected to a disastrous fire but finally it has been restored to its former glory. Situated on the waterfront in the Sariyer district of Istanbul, the mansion was bought by Qatari businessman Omar Hussain Alfardan, who has spent 200 million USD renovating the mansion.

17 February 2019

Erdogan massages Turkish economy ahead of polls

Erdogan massages Turkish economy ahead of polls

Before the last elections, President Recep Tayyip Erdogan introduced a load of stimulus measures aimed at placating voters. This time round, ahead of March's local body elections, there's little available to help woo voters. Which means the long-time leader is going to have to get smart, working with what he has to court much-needed votes.

08 February 2019

Turkey to use social media to attract tourists

Turkey to use social media to attract tourists

Turkey’s Culture and Tourism Minister, Mehmet Nuri Ersoy has announced Turkey will use new strategies on social media that will be implemented to increase tourism revenues in the country and claim a bigger share of the global tourism sector.

07 February 2019

Turkish economy due a "soft landing", says finance minister

Turkish economy due a

Turkey's finance minister Berat Albayrak has reassured Turks and anyone seeking to invest in Turkey that any slowdown is part of a well-managed strategy to steer Turkey's economy into a more sustainable growth. However, as part of this "period of balance" the economy is set to slow before picking up again, and this year's growth is set at a cautious 2.3 percent.

29 January 2019

Qataris discover Turkish products in trade boom

Qataris discover Turkish products in trade boom

Thanks to a blockade by its neighbours, Qataris are turning to Turkish products in higher numbers than ever. Trade between Qatar and Turkey has never been better. Trade between the two countries topped $2 billion last year, a 54 percent leap over the previous year, said a Turkish official.

22 January 2019

2018 was a record-smashing year for Antalya tourism

2018 was a record-smashing year for Antalya tourism

Antalya, on Turkey's Mediterranean coast, is going from strength to strength. More than 13 million visitors arrived in the city last year, and this year's set to be even better, with the city off to a flying start. It's little wonder this beguiling city, with its easy connections opening up a world of cobbled streets, sandy beaches and leisure activities, is gaining such attention amongst visitors.

16 January 2019

How to celebrate Christmas in Turkey this season

How to celebrate Christmas in Turkey this season

In Turkey for the season? Celebrating Christmas in a non Christmas-celebrating country doesn't have to be low key. Here's the lowdown on the Christmas events happening in the country's expat hotspots. Join others in song, pick up gifts at a Christmas market, or enjoy a traditional Christmas meal with lashings of gravy in Fethiye, Bodrum and Istanbul. 

12 December 2018

Turkish property sales soar

Turkish property sales soar

Property sales to foreigners have grown just about every year. This year, they're looking particularly healthy. With government incentives such as lowering the minimum investment amount for citizenship, and the lower lira enticing buyers from the Middle East, property sales were boosted by 134 percent in October.

04 December 2018

Turkey shapes up for a bumper ski season

Turkey shapes up for a bumper ski season

When the weather outside is frightful - and in Turkey, this is only for a short time - the skiing is delightful. Occupancy rates are hitting new highs in Turkey's ski areas as the the ski season gets underway. Foreigners and domestic tourists are pushing numbers up in prominent ski resorts like Uludag.

28 November 2018

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