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.
Istanbul ranks 16th place for start ups - report
Its population is young and driven, and increased investment has meant the entrepreneurial spirit is thriving in Istanbul. Now the city's reputation as a hub for start ups has been recognised in a report showing Istanbul takes the 16th spot on a list of the top 100 startup cities in the world.
Turkish tourism is going to look a little different for a while
Getting up at the crack of dawn to secure a sun bed is a thing of the past - at least, for this year. But there are other aspects of holidaying in Turkey that will look quite different. Discover what measures the Turkish government is taking to keep Turks and visitors safe this summer.
'Tremendous momentum' in store for Turkey's economy - President Erdogan
A "tremendous momentum" will see Turkey recover quickly from the impact wrought by coronavirus, says Turkish President Recep Tayyip Erdogan. "We've faced the pandemic, in which even developed countries have been left helpless, both with our health infrastructure, our food and cleaning supply chain and exemplary management in terms of public safety."
Furniture Production in Turkey Booms
Turkey’s furniture sector has accelerated production in preparation for the post-pandemic period as the country begins to ease measures which were set in place to protect against the coronavirus. As COVID-19 spread globally, many sectors had to cease or seriously reduce their businesses in various countries which included Turkey.
Turkey reopens and Europeans start booking holidays
June 1 saw Turkey reopen tourist spots and hotels across the country, whilst also resuming intercity travel and domestic flights. By the middle of June, the country opened flights to foreign visitors as the country adjusts to the new normal.
The Grand Bazaar in Istanbul reopens to visitors
Due to the coronavirus, the Grand Bazaar was forced to close its doors on March 23. There are nearly 3,000 shops that employ over 30,000 people in the Bazaar and after completing a deep clean, the Grand Bazaar opened again after a two-month closure.
Turkish real estate sales surge as govt offers Turks unmissable deals
We're hearing a lot about a post-covid slump. But the reality is very different: in Turkey, industry experts are predicting as many house sales in the next two months as in a normal year, thanks to a collaboration between Turkey's three largest banks and state developer Emlak Konut, who are helping first-time buyers to get off the blocks and onto the property ladder.
Trade between Turkey and UK could reach 20 billion USD
In a report from a top Turkish business leader, he spoke of how British officials are aiming to boost bilateral trade with Turkey to reach 20 billion USD by the end of 2023. Osman Okyay, the head of the Foreign Economic Relations Board (DEIK) Turkey-UK Business Council said that the bilateral trade value last year stood at 16.3 billion USD.
Turkish economy to bounce back by 6% next year
Due to the impact of the Coronavirus pandemic, the Turkish economy, as well as many other countries expect their economies to shrink this year. However, the European Bank for Reconstruction and Development (EBRD) has forecast that the Turkish economy will bounce back next year by 6%.
Could caravan holidays be the next big thing in Turkey?
As Turkey prepares to move into a post-coronavirus world, tourism operators are trying to anticipate what tourists might want, and that includes socially distant holidays. The owner of a caravan park in Izmir, on Turkey's Aegean, is one such operator pivoting in the new climate. He has fielded three times as many clients as usual, he says.