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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. 

 
Turkey welcomes 15,000 new teachers

2022-February-27

Turkey welcomes 15,000 new teachers

In a recent ceremony held at the Congress and Culture Center at the Presidential Complex in Ankara, the government appointed 15,000 new teachers, proving that education is solid despite the Coronavirus pandemic. As the names were announced many of the newly qualified teachers found their emotions running high.

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The cheapest airline ticket in 2021 was to Turkey

2022-February-18

The cheapest airline ticket in 2021 was to Turkey

Like most industries over the last couple of years, Turkey's tourism sector was badly affected. However, there's light at the end of the tunnel as tourists begin to book holidays once more. And some are getting a lot of holiday for very little money, with the cheapest flight last year costing just a few dollars.

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Internet speeds In Turkey increase by 65%

2022-February-09

Internet speeds In Turkey increase by 65%

There's nothing worse than slow internet. Which is why the news that Turkey's internet speeds have increased by an impressive 65% over the last year. It's down to a drive by government to increase connectivity and productivity, critical drivers of Turkey's economy.

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Tourism numbers double as visitors return to Turkey

2022-February-04

Tourism numbers double as visitors return to Turkey

It's been a hard couple of years for anyone involved in Turkey's tourist industry, with the pandemic putting the brakes on visitors for much of 2020. But positive signs are showing, with 2021 figures revealing that the number of tourists entering the country doubled last year.

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Cryptocurrency booming in Turkey

2022-January-31

Cryptocurrency booming in Turkey

In countries where inflation is high, cryptocurrency proliferates. And that's no exception in Turkey, where rising inflation and a weakened lira have sent a growing number of Turks into crypto trades. The Turkish government, keen to see the lira flourish, is pulling levers to curb crypto. But measures haven't put the dampeners on the young investors looking for high returns.

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Changes to Turkey's citizenship by investment programme

2022-January-26

Changes to Turkey's citizenship by investment programme

A minor change to Turkey's citizenship by investment programme has been made to bolster the country's currency, but will have little effect on investors. Property Turkey director Cameron Deggin said demand for property has been strong as investors capitalise on Turkey's depressed lira.

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Turkish Airlines debuts sustainable aviation fuel flights

2022-January-23

Turkish Airlines debuts sustainable aviation fuel flights

The national flag carrying airline Turkish Airlines (THY) will switch to new fuel that decreases emissions by 87%, the company’s chairperson Ilker Ayci said on Thursday. THY will be debuting flights using this new sustainable fuel with their new motto “Our route is the future”

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Luxury yachts soars as sector tops 1.4bn USD

2022-January-16

Luxury yachts soars as sector tops 1.4bn USD

Beloved of billionaires, luxury yachts are a common sight in Turkey's upmarket ports. But it's not just the rich and famous that benefit from these vessels: the luxury yacht sector has bagged more than $1.4bn for the Turkish economy.

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Tourism industry in Turkey has great expectations for 2022

2022-January-14

Tourism industry in Turkey has great expectations for 2022

The expectation Turkey has put on their tourism sector for this year is very high. It should come to fruition though, as they have already received a huge number of reservations with many coming from the United Kingdom, which is an extremely important market for Turkey and its Mediterranean coast.

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Hugo Boss announces 1,000 new jobs in Turkey

2022-January-14

Hugo Boss announces 1,000 new jobs in Turkey

The German designer clothing house Hugo Boss has made the decision to move their production closer to their European base so that they can reduce how much they rely on Southeast Asia, particularly as there is severe pressure being put on global supply chains. Therefore, they are to expand their current Turkish factory capacity.

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Tourist numbers increase for nine consecutive months

2022-January-11

Tourist numbers increase for nine consecutive months

Official data showed that there was an upward trend for the first nine months of 2021 with foreign holidaymakers reaching 1.8 million for the month of November. The Culture and Tourism Ministry reported that although these figures were up by a huge 111.5% when compared with November 2020, they are still down 19.5% when compared to the pre-pandemic levels.

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Cappadocia welcomed record numbers to celebrate New Year

2022-January-11

Cappadocia welcomed record numbers to celebrate New Year

The UNESCO world heritage site, Cappadocia, saw foreign and domestic tourists flock to celebrate the New Year amidst the historical, cultural, and natural marvels that the area has to offer. The region put on special celebrations in various ways, with hotels welcoming tourists from all over the world to join in the festivities.

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President Erdogan says Turkish Education is amongst the best

2021-December-29

President Erdogan says Turkish Education is amongst the best

President Erdogan recently announced that over the past 20 years Turkey have made significant improvements in every area of education, to the point where they are now capable of competing with other nations, in particularly the Organisation for Economic Co-operation and Development (OECD) countries.

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Renault opens new subsidiary in Turkey

2021-December-29

Renault opens new subsidiary in Turkey

The French car giant Renault recently announced the establishment of RGO (Renault Group Automotive inc.) which is part of a breakthrough strategy that they are deploying in Turkey. The move has been made so that Renault can strengthen both their investments and presence in Turkey.

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Revision to Turkey’s Tourism Revenue for 2021

2021-December-28

Revision to Turkey’s Tourism Revenue for 2021

At the 11th International Resort Tourism Congress held at the Mediterranean resort city in Antalya, the Turkish Culture and Tourism Minister announced that Turkey’s financial goal from the tourism industry for 2021 has been revised up and is now set to be 24 billion USD in total.

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Istanbul set to launch fastest Metro Line

2021-December-28

Istanbul set to launch fastest Metro Line

A new Metro Line has been running trials to connect Gayrettepe to Istanbul Airport. The line is due to open next year and will be the fastest line in the city with the capability of travelling at 120kph. The Transport and Infrastructure Minister was present at the trials and added that the Metro Line would also be the first to use the country’s signalling system.

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First Libyan Ferry arrives in Turkey in decades

2021-December-28

First Libyan Ferry arrives in Turkey in decades

After decades, the first passenger ferry from Libya docked at the Aegean coast in the Izmir province of Turkey. The ferry, “Kevalay Queen,” departed from Misrata, the Libyan port. The ferry, carrying 107 passengers anchored down at the Alsancak Port in Izmir and this was the first time in 25 years that the route has been used.

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Investors make gains as lira comes back with force

2021-December-27

Investors make gains as lira comes back with force

After government intervention, the lira made record-breaking gains last week, ending 50% up on Christmas Eve. Investors who bought property at the bottom of the currency are now cashing in, and there's more growth set to come, analysts say.

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According to UK survey, Istanbul is cheapest city to relocate to

2021-December-20

According to UK survey, Istanbul is cheapest city to relocate to

In a recent survey conducted in the UK, Istanbul was rated as the most affordable city in the world to relocate to and start a new life as an expat. The research looked at a range of things including property prices, cost of living, and average wage.

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Christmas wreaths made in Antalya used in homes throughout Europe

2021-December-20

Christmas wreaths made in Antalya used in homes throughout Europe

Every year in the southern province of Antalya, people work hard to create beautiful and decorative wreaths that will go on to be displayed around homes in various countries, but particularly in Europe during the Christmas and New Year’s celebrations.

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