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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. 

 

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

Cruise ships sailing back into Turkey’s ports.

Cruise ships sailing back into Turkey’s ports.

Over the last couple of years, cruise ship passenger numbers have fallen along with overall tourist numbers. However, the future is once again looking bright as cruise operators once again add popular destinations like Kusadasi, Istanbul and Bodrum into their itineraries.

07 May 2018

Azerbaijan to become Turkey's largest investor - Erdogan

Azerbaijan to become Turkey's largest investor - Erdogan

A pipeline which will transport 16 billion cubic metres of natural gas from the Caspian Sea to Europe by way of Turkey is set to transform Turkey's fortunes, as well as its relationship with neighbouring Azerbaijan. Azerbaijan's rich reserves of natural gas are set to be transported to Europe through Turkey, helping secure Turkey's own energy future.

30 April 2018

Early election prompts urgency in Turkish property market

Early election prompts urgency in Turkish property market

President Erdogan's announcement of an early election boosted the markets, sending the lira higher. It's likely he'll lead a landslide victory, which will herald stability and growth for Turkey. The news has prompted urgency among property investors looking to beat the post-election lira's inevitable upward climb.

22 April 2018

Migration to Istanbul fuels new property boom

Migration to Istanbul fuels new property boom

More than 400,000 people moved to Istanbul last year, putting pressure on the municipality to provide more homes and better infrastructure. The rise is due to a rising middle class and increasingly educated population moving to the city in search of work, and it's having a knock-on effect on Turkish home ownership.

15 April 2018

Cappadocia gears up for a “Golden Year”

Cappadocia gears up for a “Golden Year”

With its fairy chimneys, strange rock formations and cosy cave hotels, Cappadocia is an enchanting tourist destination. Like the rest of the country, the central region has suffered in recent years with a fall in tourist numbers. But tourists are back with a vengeance, causing hotel occupancy to shoot up to almost 100 percent this April and May.

09 April 2018

Foreign buyers invest almost double 2016’s figure last year

Foreign buyers invest almost double 2016’s figure last year

Turkey’s “sun, sea and oxygen” have been cited as one of the reasons for improved real estate sales last year, which saw twice as much spent by foreigners buying properties in Turkey as in 2016. British home owners lead in property ownership in Turkey, although Middle Eastern buyers are snapping up Turkish properties at an increasing rate.

05 April 2018

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