Turkish property & economy news
10 December 2019
Istanbul’s second tallest building sold for 594 Million USD Industrial and Commercial Bank of China (ICBC), the largest bank in the world with regards to deposits, loans and assets and they have confirmed that they have now purchased the prestigious Istanbul project Tower 205, which is located in one of the priciest and high calibre locations of the city.06 December 2019
Foreign visitors to Turkey are up by 14.5% The Culture and Tourism Ministry in Turkey has confirmed that international visitor numbers from January to October have hit a staggering 40.7 million this year so far, that equates to an increase of 14.5% year-on-year when compared with 2018.06 December 2019
Air Serbia resumes flights from Istanbul Air Serbia stopped flying from Istanbul Airport on March 14, 2017 and after over two years, they are set to resume flights from the new Istanbul Airport on 11 December 2019. In a statement released by IGA (Istanbul Airport Operator), it confirmed that Air Serbia would start to fly from the newest airport in Turkey to Belgrade.04 December 2019
Goodbye recession: Turkey's economic growth back on track After several quarters of contractions, Turkey's economy has expanded, laying to rest fears of a continued recession. The recovery is in no small part thanks to the central bank cutting its interest rates to revive borrowing. Officials remain hopeful that 2020 will see Turkey return to 5% growth.02 December 2019
Chinese tourists visit Istanbul on the world’s biggest plane The Airbus 380 is the largest passenger plane in the world, and it is being utilised by China Southern Airlines to transport visitors to Istanbul due to new interest in Turkey from Chinese tourists looking to travel.02 December 2019
31 Million tourists visit Hagia Sophia In the past 12 years, one of the world’s most vital cultural and historical heritage sites, Hagia Sophia in Turkey has welcomed almost 31 million people and tourists as one of the must see locations in the city.28 November 2019
Foreign buyers snap up Antalya property Antalya's always been a popular destination. Its international airport connects travellers to Europe and the Middle East, and the city has a wealth of restaurants, museums, leisure facilities and of course - the beach. Now it's reaching a peak of popularity with property buyers. The number of properties sold to foreign buyers is set to top 10,000 this year.20 November 2019
Over 40 million passengers arrive at Istanbul Airport The new Istanbul Airport opened its first phase on 29 October 2018, which coincided with the 95th anniversary of the founding of the Turkish Republic and has welcomed 9.87 million domestic flight passengers and a further 30.6 million international flight passengers since first being opened.20 November 2019
Tourism target met by Istanbul thanks to Western tourists Istanbul is almost at its target of 15 million tourists per annum according to new data released. It is vital for the city, which although a firm favourite with Arab visitors, is now enjoying large increases in tourists from North America and multiple European countries.19 November 2019
'Call me Robin Hood' - mystery benefactor returns to Istanbul's Asian side In March, news outlets reported a mystery man leaving envelopes stuffed with cash in Istanbul's poorer neighbourhoods. Now, he's back, paying off grocery debts in Tuzla, on Istanbul's Asian side. Rising food and electricity prices in Turkey are hitting families where it hurts, and Istanbul's "Robin Hood" has struck a chord.14 November 2019
Yemenis find safe homes in Turkey In the first nine months of this year, house sales to Yemenis increased when compared to the period of January to September in 2015. The total number of properties in Turkey purchased increased by 98% when war broke out in Yemen.13 November 2019
Foreign investors want to buy Antalya real estate The Mediterranean resort of Antalya is no longer just a must visit for holidaymakers, but it is attracting numerous foreign investors who are searching for their own piece of real estate in this stunning seaside city.
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