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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. 

 

Lira strengthens, inflation set for downward trend

Lira strengthens, inflation set for downward trend

Turkey's lira has lost 45% of its value since the start of the year. However, it looks like there's a light at the end of the tunnel as relations between the US and Turkey normalise. This has prompted the lira to rally against the dollar. Investor confidence is climbing, and inflation is set to decline.

18 October 2018

Low lira puts spotlight on Turkey's mansions

Low lira puts spotlight on Turkey's mansions

With just 600 Bosphorus mansions in existence, its little wonder they rarely come on the market. But now, with the low lira pushing foreign interest in Turkish real estate to a peak, owners of these iconic buildings are selling up. However, few are ever listed online, and if you're on the lookout for a Bosphorus yali, you have to be in the know, explains Cameron Deggin.

04 October 2018

Despite warnings, More Americans are visiting Turkey

Despite warnings, More Americans are visiting Turkey

Tensions between the US and Turkey have helped to contribute to Turkey's current low-lira situation, and Turkey is currently listed as an advisory level 3 warning by the US State Department. But despite this, there's been a significant rise in the number of Americans visiting Turkey, taking advantage of the low lira to have affordable luxury holidays.

26 September 2018

Now, $250,000 gets you a property AND a Turkish passport

Now, $250,000 gets you a property AND a Turkish passport

The government has slashed the amount of required real estate spend for citizenship in Turkey, allowing more people than ever to consider getting Turkish citizenship. Property Turkey director Cameron Deggin said the move would precipitate a surge of interest in Turkey and buying Turkish property.

20 September 2018

Property transactions must be made in lira - Erdogan

Property transactions must be made in lira - Erdogan

The Turkish government is working hard to boost the lira, with interest rate hikes and encouraging Turks to sell their dollars. Now, Erdogan has announced that all property transactions must  be completed in the Turkish currency. Property Turkey director Cameron Deggin explains why this presents a window of opportunity for buyers.

18 September 2018

Turkish Central Bank raises rates in shock move

Turkish Central Bank raises rates in shock move

Erdogan has always opposed interest rate hikes, saying they raise inflation. However, in a show of independence, the Central Bank has done just that, in a move to bolster the ailing lira. The move is expected to raise investor confidence. Erdogan continues to oppose the move, but it's thought he might have been pressured to bow to investors.

14 September 2018

Antalya marches towards record-breaking year

Antalya marches towards record-breaking year

Antalya's beaches and city streets thronged with visitors this summer. For locals, it was a welcome change after two fallow years where tourist numbers dwindled. The southern region has long been popular with Russian and German visitors, who make up a large share of the 14 million expected visitors arriving in the city this year.

12 September 2018

'Time to invest in Turkey', says US investment guru

'Time to invest in Turkey', says US investment guru

Jim Rogers has always had vision. The investor, businessman and author has had a long money-making career and is well qualified to comment on the economic factors shaping the future of the globe. Now, he's saying the US should drop its sanctions against Turkey - and invest in the country instead.

06 September 2018

After two slow years, Turkish tourism is back on top

After two slow years, Turkish tourism is back on top

Tourists are back. Thronging in the streets, lounging on beaches, lining up at city malls, visitor numbers to Turkey are at peak levels. Helped along by the low, low lira, which makes goods and services cheaper than ever, and a rebound after a couple of bad years, 2018 looks to be a stellar year for Turkish tourism.

28 August 2018

'Simply incredible': property enquiries triple amidst lira drop

'Simply incredible': property enquiries triple amidst lira drop

Enquiries are flooding in from people all over the world looking to take advantage of the lira, which has reached a record low, and buy investment properties in Turkey. Property Turkey director Cameron Deggin says he made five online sales yesterday, an unprecedented number, and an indication that the sweet spot to invest is now.

16 August 2018

Brits flock to Turkey as lira reaches new low

Brits flock to Turkey as lira reaches new low

Tourism's back on the map in Turkey, helped along by a low lira, which means a low-cost holiday for Brits looking for ways to spend a failing pound. Numbers of domestic tourists are also on the rise, with more Turks than ever before holidaying in their own country.

08 August 2018

Athletic Antalya: sports big business in southern city

Athletic Antalya: sports big business in southern city

Sports tourism is booming in Turkey, especially in the Mediterranean city of Antalya, a popular spot for sports teams and events. Investment in infrastructure and facilities means Turkey's share of the $200bn global sports tourism share will rise to $1bn this year, and as for the future: it's nothing but net for Turkey.

31 July 2018

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