In Turkey for the season? Celebrating Christmas in a non Christmas-celebrating country doesn't have to be low key. Here's the lowdown on the Christmas events happening in the country's expat hotspots. Join others in song, pick up gifts at a Christmas market, or enjoy a traditional Christmas meal with lashings of gravy in Fethiye, Bodrum and Istanbul.
Turkish property & economy newsRefer 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.
Property sales to foreigners have grown just about every year. This year, they're looking particularly healthy. With government incentives such as lowering the minimum investment amount for citizenship, and the lower lira enticing buyers from the Middle East, property sales were boosted by 134 percent in October.
When the weather outside is frightful - and in Turkey, this is only for a short time - the skiing is delightful. Occupancy rates are hitting new highs in Turkey's ski areas as the the ski season gets underway. Foreigners and domestic tourists are pushing numbers up in prominent ski resorts like Uludag.
In September, in a bid to shore up the falling Turkish Lira, the Turkish government ruled that all property sales, rental contracts and leases must be made in Turkish lira. Now, they've rolled back restrictions, loosening the rules for foreign property buyers.
Fear not: Turkey's economy is back on track, says the country's finance minister Berat Albaryak. The country's in better shape than it was two months ago, and that's set to improve by the year end. The next task for the government is tackling record inflation levels, and in the longer term, structural reforms will turn Turkey into a prosperous production economy, he said.
Since the Turkish government lowered the minimum threshold for citizenship investment, interest in Turkish real estate has grown significantly. Particularly from Arab investors. With a similar culture and a great economy, Middle Eastern buyers see Turkish property as more than an investment - but a second home.
It's been years in the making, with billions spent. Now Istanbul's new airport is open - its first phase, anyway. Explore the ambitious megaproject that is the size of Leicester, and discover the numbers that went in to building the airport set to become the most-visited on the planet.
China's One Belt, One Road initiative is an ambitious, multi-billion dollar plan to connect the old Silk Road route. Its position between Asia and Europe means Turkey is vital to the plan, say Chinese officials. The trade route that was once disestablished by the Portuguese and Dutch traders will breathe new life into the Anatolian region and beyond.
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.
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.
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.
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.