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 leads the world for property price growth
Knight Frank's latest Global House Price Index has shown that over the 56 countries it examined, house prices are rising faster than they have done since before the global financial crisis. Around the world, this has triggered a market frenzy, prompting a 7.3% rise in the average global house price in the year to March.
Turkish museums receive almost 9 million visitors
In 2020, Turkish museums and archaeological sites still racked in more than 8.91 million visitors, despite the COVID-19 pandemic causing chaos for the tourism sector worldwide. The important role of the sites sees the cultural heritage protected, allowing for future generations to see and enjoy, as well as generating a collective memory archive.
12 million people visit Camlica Mosque in two years
The Hagia Sophia mosque is highly valued within the Muslim faith as a place to visit and pray. However, another mosque in Istanbul, the largest in Turkey, remains a favourite with faithful and tourists alike. Since its inauguration two years ago, a total of 12 million people have visited the Grand Camlica Mosque.
As restrictions ease, Turkey's economy grows
In another economic coup, Turkey has achieved 7% annual growth, outstripping every G20 country bar China. The result is due to enormous efforts by the Turkish government to bolster spending: lowering interest rates and making lending more appealing, measures designed to curb the worst of the Covid fall out.
Two more sites added to UNESCO World Heritage Tentative List
In 2020, Turkey had 83 assets on the UNESCO’S World Heritage Tenatative List. This has risen to 85 with the addition of two new places. The historical town of Kemaliye (Egin) in Erzincan, an Eastern province is one of these places to be added.
Istanbul Airport primed to be the busiest European hub
An aviation analyst told the British media that Turkey’s Istanbul Airport may emerge as Europe’s busiest airport hub, which would overtake London’s Heathrow in the wake of the COVID-19 pandemic that has swept the world during the last year.
Turkish Airlines now flies to Vancouver in Canada
On Sunday morning, Turkish Airlines (THY), the National flag carrier of Turkey, conducted their first flight to Vancouver, in Canada. This is adding to the growing list of places that they fly to in Canada, which until now had only included Toronto and Montreal.
Impatient Russians clamour for Turkish holidays
Russians love their Turkish holidays. And, despite having their April and May plans cancelled with a flight ban between the two countries, most are prepared to wait. Would-be tourists in Moscow spoke of their frustration of not being able to travel, and their plans to explore Turkey's beaches and historical monuments should the ban be lifted.
For the first time in 20 years, Istanbul's population has fallen
The megacity of Istanbul has long been an exciting, but crowded destination. But this year, perhaps prompted by the pandemic, which sent people out of the cities and into for smaller centres, it's a little smaller. Across Turkey, population growth also slowed, with an increase of just under half a million people.
Turkey welcomes tourists -- but locks down locals
Turks are less than happy that they're being told to stay indoors as Turkey copes with a new wave of coronavirus cases. Even more galling, visitors to Turkey are being welcomed with open arms, as Turkey tries to recoup some of the loss it made last year, when the pandemic closed borders and sent tourist numbers plummeting.