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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. 

 

Turkey-UK relationship to flourish post-Brexit

Turkey-UK relationship to flourish post-Brexit

British Trade Minister Liam Fox met his Turkish counterpart on Friday to discuss the countries’ relationship post Brexit. Fox said ties between the two countries are as strong as ever, adding that the UK will most likely increase its investment in Turkey. Turkey’s economy is set to outpace Europe’s in coming decades, leading to investment and trading opportunities for the 80-million strong country.

16 January 2018

Fall in foot traffic sees Istiklal Avenue seek a new image

Fall in foot traffic sees Istiklal Avenue seek a new image

Istiklal Avenue, famous for its big brand stores, expensive boutiques and upmarket restaurants, has seen a fall in foot traffic over the past two years. Big brands have moved out, leaving a gap in revenue and rental income. But a new report shows the street might simply need a rebrand. Other main arteries on the European and Asian sides of the city have also seen traffic fall with high levels of construction, but as construction slows pedestrians are set to return.

08 January 2018

Turkey’s new year resolution: improve German ties

Turkey’s new year resolution: improve German ties

As new year's resolutions go, Turkey's is significant: to improve its relations with Germany. A series of diplomatic upsets has seen the number of German tourists travelling to Turkey fall. However, Turkish Foreign Minister Mevlut Cavusoglu is aiming to change this and mend the rift between the two countries. The minister will meet his German counterpart soon to find a way to build bridges and restore traditionally strong ties. 

02 January 2018

Turkish exports top $142 billion this year

Turkish exports top $142 billion this year

Turkey's export figures are creeping up after a tumultuous two years. Exports have topped $142 billion this year, surpassing the entire 2016 total. Turkey is finding new markets and strengthening existing ties to boost its trading with regional partners. Automotive exports are especially strong, and November saw record-breaking figures in this industry.

10 December 2017

Railway connecting Turkey and EU to boost ties, economy

Railway connecting Turkey and EU to boost ties, economy

In a bid to improve cultural and economic ties, Turkey's ploughing millions into its railway infrastructure. As part of its development, construction has begun on a high-speed railway line linking Istanbul and Bulgaria. The project, which is fully backed by the EU, will facilitate the movement of people across Turkey and wider Europe and Asia.

29 November 2017

Turkey’s longest highway tunnel opens after 137 years

Turkey’s longest highway tunnel opens after 137 years

A record-long highway tunnel in Turkey’s northeast has opened, 137 years after the project was first mooted in the Ottoman era. It’s the latest in a long line of ambitious infrastructure projects mooted by President Erdogan. The tunnel through Ovit Mountain, connecting the Black Sea province of Rize with the eastern province of Erzurum, opened on November 22.

23 November 2017

Foreign buyers bought 75% more property in September

Foreign buyers bought 75% more property in September

2016 was a bad year for real estate sales, which goes some way to explaining September's 75 percent jump in sales to foreigners. However, Turkey's economic and political situation remains stable, and government incentives to increase property sales are bearing fruit, says Property Turkey director Cameron Deggin. 

16 November 2017

EU raises Turkey's 2017 growth forecast

EU raises Turkey's 2017 growth forecast

An European Union report predicts Turkey's growth will reach 5.3 percent this year, a correction of more than two percentage points since May. Boosted by economic reforms, Turkey's economy has returned to form this year. Meanwhile, Eurozone growth is predicted to be around 2.2 percent this year.

10 November 2017

Qatar to increase its Turkish investment for 2018

Qatar to increase its Turkish investment for 2018

Turkey’s strategic position and strong economic fundamentals mean it’s increasingly becoming the investment destination of choice. Qatar and Turkey already have a solid trading relationship, with $834m in bilateral trade in each year, and now Qatar is set to invest $20 billion in 2018, turning Turkey into its fifth largest investment destination.

30 October 2017

2017 set to be record year for Turkish home sales

2017 set to be record year for Turkish home sales

A rise in the number of residential property sales in Turkey last month puts the country on track to beat last year's 1.3 million property  figure. A raft of new measures by the Turkish government appears to have worked, and investors from the Middle East and Europe are returning to Turkey, particularly Istanbul.

25 October 2017

Don't ignore Turkey’s investment potential, says expert

Don't ignore Turkey’s investment potential, says expert

The flow of foreign direct investment coming into Turkey has remained strong through the last fifteen years. Weathering political storms and economic upsets, it's grown steadily each year. However, a Turkish investment expert says Turkey can do better, and explains why he thinks Turkey's potential remains barely tapped.

18 October 2017

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