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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. 

 

The measures transforming Turkey's property market

The measures transforming Turkey's property market

A number of government measures aiming to increase the number of buyers investing in Turkish property have been introduced in the last year or so. Tax cuts and incentives like offering Turkish citizenship to buyers spending more than $1m on Turkish property are helping to transform the property investment landscape in Turkey.

22 May 2017

Hotel occupancy up, revenue down in Turkey

Hotel occupancy up, revenue down in Turkey

The last quarter saw a rise in hotel occupancy rates, a good sign that tourism is on the rebound. However, revenue is down as hoteliers struggle to entice visitors. Meanwhile, visitor numbers from the Middle East are up, while the tourist industry is trying to persuade Turks who'd usually travel abroad to stay at home and travel within the country this year.

08 May 2017

Turkey opens its doors to Indian trade and tourism

Turkey opens its doors to Indian trade and tourism

Turkey and India are in talks to increase trade between the two countries, with Turkish president Erdogan saying the current $6.5 million trade could reach $10 billion with increased investment on either side. Meanwhile, the southern city of Antalya is aiming to promote itself as an Indian tourism venue - with a focus on weddings.

02 May 2017

Borsa experiences record-level trades as investors return

Borsa experiences record-level trades as investors return

Turkey's back on track, say analysts, after a record-breaking run on Istanbul's BORSA exchange. Companies traded on the BORSA reached record-level market values, thanks to a flood of investors who'd waited until after post-referendum political tumult died down to invest in Turkey. Analysts say the long-anticipated structural reforms will have a positive impact on the future of the country's economy.

24 April 2017

YES: Turkish voters give the nod to constitutional changes

YES: Turkish voters give the nod to constitutional changes

After hard campaigning, President Erdogan has won his victory, with just over half of Turkey's voters approving the sweeping constitutional changes that will see Erdogan take the helm of an executive presidency. However, the country's largest cities voted no, leaving the country polarised. What's in store for Turkey following the referendum?

17 April 2017

Moody´s optimistic about Turkey´s short-term growth

Moody´s optimistic about Turkey´s short-term growth

Turkey´s economy is performing better than expected, prompting rating agency Moody´s to revise its 2.2 percent growth forecast to 2.9 percent. Meanwhile, Russian tourist numbers visiting Antalya have climbed by thousands as tourists return following an improvement in relations between Turkey and Russia. 

11 April 2017

Turkey “not in a bad position”, says Deputy PM

Turkey “not in a bad position”, says Deputy PM

Reforms will help Turkey's economy continue to grow, says the Deputy PM Mehmet Simsek, who says the country's situation is not as it seems from outside. Turkey's economy has grown by six percent since the early 2000s, he added. Meanwhile, officials are wondering if the situation in Istanbul can be rectified as occupancy and hotel room revenues continue to drop.

28 March 2017

Forget politics: we love Germans, say Turks

Forget politics: we love Germans, say Turks

President Erdogan's remarks about "Nazis" have done little to heighten relations between Turkey and Germany. But that shouldn't get in the way of tourism, say Turkish tourism officials, who are welcoming Germans to Turkey and especially the favourite German city of Antalya. Meanwhile, a UN official says tourism will bounce back as Turkey seeks to increase tourist share from Israel and the Ukraine.

21 March 2017

Property Turkey's $11 million week at Doha Cityscape

Property Turkey's $11 million week at Doha Cityscape

Partnering with Sinpas at the CityScape Expo this week in Doha, Property Turkey took 37 reservations for developments in Istanbul, Bursa and Ankara. Property Turkey director Cameron Deggin said the success was down to interest from Middle Eastern buyers, who are increasingly looking to Turkey for second homes and investment properties.

16 March 2017

Overseas buyers now exempt from VAT on Turkish property

Overseas buyers now exempt from VAT on Turkish property

A recent law change aiming to boost Turkey property sales to foreigners has eliminated the 18% VAT tax on Turkish property. If you're an overseas buyer, or a Turk living abroad, you can buy a commercial property or residential property in Turkey and avoid paying tax - as long as you hold onto the property for a year.

08 March 2017

Turkey’s economic outlook positive despite inflation

Turkey’s economic outlook positive despite inflation

The overall outlook for the Turkish economy is positive, with 2.8 percent growth expected this year despite inflation reaching double digits. Analysts say measures taken by the Central Bank, as well as improved tourism and export figures, will temper inflation to 8 percent, and result in an overall growth for the economy this year.

06 March 2017

Erdogan launches campaign for greater presidential powers

Erdogan launches campaign for greater presidential powers

President Recep Tayyip Erdogan has begun a six-week campaign ahead of a referendum in April that will ask Turks to approve constitutional changes that will allow him to wield greater presidential power. At the moment, Turks are divided on the issue, but Erdogan is a seasoned campaigner and skilled at the election rhetoric that has seen him win election after election.

27 February 2017

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