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. 

 

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The Brits are back: thousands heading to Turkey

  22 September 2021

The Brits are back: thousands heading to Turkey With the relaxing of rules around returning travellers, Turkey is expecting a flurry of bookings from Brits who have missed out on their summer holidays this year. Major holiday booking sites experienced a spike after the announcement, with Jet2.com reporting a 250% increase in the number of people searching for overseas holidays.
Number of Turkish Internet users up to 82.6%

  19 September 2021

Number of Turkish Internet users up to 82.6% The Turkish Statistical Institute (TURKSTAT) recently confirmed that there has been a huge increase in the number of internet users in Turkey, as well as a boost to the number of households that have internet access. In terms of internet users, figures show that there has been an increase from 79% last year to 82.6% this year.
Event tourism now returning to Turkey

  19 September 2021

Event tourism now returning to Turkey The event industry in Turkey is seen as a major part of global tourism and is now seeing a bounce back from the havoc caused by the Coronavirus pandemic. This long-awaited return is set to speed up both the accommodation and tourism sectors.
Target of Zero Emissions for Istanbul Airport By 2050

  17 September 2021

Target of Zero Emissions for Istanbul Airport By 2050 The Airport Council International (ACI) oversees 238 worldwide airports and recently announced a new initiative with Istanbul Airport, confirming their pledge to achieve net-zero CO2 emissions by 2050. IGA, the operator said that they are working towards sustainable development and the commitment to zero-emission is just a small part of their plans.
Turkey joins European COVID-19 Passport Program

  17 September 2021

Turkey joins European COVID-19 Passport Program The European Commission recently announced that they will accept COVID-19 certificates from Turkey. The executive body of the EU made the same decision to accept certificates from both Ukraine and North Macedonia. This decision sees Turkey joining the bloc’s COVID-19 pass protocol, which moves travel to and within the bloc.
Rentals climbing sky-high in Istanbul

  15 September 2021

Rentals climbing sky-high in Istanbul High prices are impacting first home buyers, who are in turn staying put in rentals, driving prices for rental properties up. While it's bad news for these buyers, investors with rental properties are sitting pretty, earning hefty rental incomes on top of capital gains.
In Q2, Turkish economy grew, expanding almost 8% in 2021

  14 September 2021

In Q2, Turkish economy grew, expanding almost 8% in 2021 In the second quarter, Turkey’s economy is likely to have surged 21.7%; this is mainly due to a rebound from a steep fall which would have been caused, according to a poll, by the restrictions from COVID-19 last year. This would bring about an expansion for the full year of 7.95%.
UK and Turkey to talk about widespread free trade deal

  14 September 2021

UK and Turkey to talk about widespread free trade deal Next year, London and Ankara will enter into negotiations regarding more widespread trade deals as a way of adding new areas for a greater mutual commercial cooperation. Both countries signed a post-Brexit free trade agreement (FTA) last year in December; this was done in order to support a trade deal worth over 25 billion USD, TL 209.42 billion.
Istanbul's Galataport ready to swing into action

  09 September 2021

Istanbul's Galataport ready to swing into action Galataport, Istanbul's US$1.7 billion cruise ship port is about to welcome its first cruise ships. Located in the city's Karakoy district, the huge project can accommodate three ships a day and 15,000 daily visitors. As well as a transit hub for cruise ship passengers, its management hopes Galataport will become a major tourist destination.
Bodrum makes Time Magazine's greatest places list

  01 September 2021

Bodrum makes Time Magazine's greatest places list We knew it, now everyone knows: Bodrum is one of the greatest places on earth. Time Magazine's list of the world's 100 greatest places includes this beautiful southwestern peninsula, with its ancient relics, sunny beaches and upmarket hotels. Despite the challenges raised by the pandemic, this tourist hub is thriving.
Pandemic drives Princes Island property prices skyward

  23 August 2021

Pandemic drives Princes Island property prices skyward If the pandemic has made us realise one thing, it's the value of fresh air and space. This newfound realisation has caused a number of societal shifts. For many in Istanbul, it's prompted a drive to get out of the city. While property in the central city remains as desirable as ever, some are opting to seek out new horizons, pushing prices up in peripheral areas.
Covid travel update: when will Turkey leave the red list?

  18 August 2021

Covid travel update: when will Turkey leave the red list? Turkey is currently on the UK's red list, which means a quarantine for returning visitors. When will this change?

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