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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. 

 
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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Turkish house sales to foreigners hits record high

2021-December-18

Turkish house sales to foreigners hits record high

Buyers are flocking to Turkey to take advantage of the rock-bottom Turkish Lira. The influx of interest has resulted in a month like no other: a huge 48% rise in property sales in November. The 7363 properties represents the highest number since records began in 2013.

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Relocating? Istanbul is top affordable spot

2021-December-10

Relocating? Istanbul is top affordable spot

A UK study has revealed that Istanbul is the most affordable city for anyone looking to relocate. Living costs in Turkey's largest city are a staggering £15,000 lower than the average city, and an eye-watering £41,000 less than Basel, which took out the least affordable city spot.

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The lira's sliding, what now for property buyers?

2021-December-03

The lira's sliding, what now for property buyers?

Turkey's lira is making the news again. If you're a Turkish citizen, the news is bad. But if you're a buyer, especially with dollars or pounds, opportunity knocks. Property Turkey director Cameron Deggin says business is booming, and if you're an investor, the time is now to make your move.

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Upwards of 103.5 million arrivals at Istanbul Airport

2021-November-30

Upwards of 103.5 million arrivals at Istanbul Airport

Despite the worldwide COVID-19 pandemic that has brought the airline sector to its knees last year, Istanbul Airport has welcomed over 103.5 million people in the past three years since first being opened, as well as receiving multiple top accolades and international awards.

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Bill Gates looking at investments in Turkey?

2021-November-30

Bill Gates looking at investments in Turkey?

According to a popular Turkish daily newspaper, one of the world's wealthiest individuals, Bill Gates, is reported to be enjoying both work and pleasure while on vacation in Turkey, after being seen breakfasting at the mansion of one of Turkey's most powerful businessmen.

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Turkish hotels busy despite tourism season being over

2021-November-29

Turkish hotels busy despite tourism season being over

The Russian Union of Travel Industry (RST) chairperson said that although the winter period will soon be upon us, Turkish hotels are still enjoying high occupancy rates with tourists continuing to holiday, and in affect, extending the tourism season in Turkey.

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Turkey expecting 50 million tourists by 2023

2021-November-22

Turkey expecting 50 million tourists by 2023

According to the Culture and Tourism Minister, Mehmet Nuri Ersoy, Turkey aims to attract 50 million tourists and increase tourism revenue to $50 billion by 2023. As part of his visit to Qatar, Ersoy stated there are major tourism projects in Turkey's Aegean region that will benefit the national economy for the next 50 years.

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July – September sees Turkish tourism revenue up by 182%

2021-November-18

July – September sees Turkish tourism revenue up by 182%

The Turkish Statistical Institute (TurkStat) recently announced that in the third quarter of this year, tourism income in Turkey has risen by a massive 181.8% following a significant decrease in 2021 due to the COVID-19 pandemic. The country has earned approximately $11.4 billion in the three months from July – September.

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Istanbul welcomes more visitors in 9 months than last year

2021-November-18

Istanbul welcomes more visitors in 9 months than last year

The metropolis of Istanbul has played host to an impressive 5.8 million tourists in the first 9 months of 2021. This is higher than total numbers achieved in 2020, when the travel and tourism industry was struck a major blow from the Coronavirus pandemic that swept across the entire world.

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Turkey is looking to youth to safeguard its future

2021-November-17

Turkey is looking to youth to safeguard its future

The future promises to be an interesting one: millions of job lost, while millions more created - including millions of jobs that currently don't exist. To prepare for this brave new world, private and public enterprises are rolling out initiatives aimed at upskilling Turkey's youth, to ensure the country's economy continues to flourish.

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Is Bill Gates investing in Bodrum?

2021-November-10

Is Bill Gates investing in Bodrum?

Bill Gates has taken an extended holiday in Turkey this year, cruising the Aegean and Mediterranean coastlines before stopping in Bodrum. His travels have given rise to speculation - not for the first time - that the Microsoft founder and billionaire is intending to invest in Bodrum land.

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Hotels full as tourism ramps up in Turkey

2021-November-08

Hotels full as tourism ramps up in Turkey

Russians have long visited Turkey. So it's no surprise that when restrictions lifted, they came flooding back to the country. Russian visitors have filled hotels as well as Turkey's coffers, contributing millions to the economy. Visitors looking for breaks have extended the high season well past its traditional September decline.

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Injured cat: who you gonna call? The Petbulance

2021-November-01

Injured cat: who you gonna call? The Petbulance

An ambulance for pets is working around the clock in Bodrum to ensure the peninsula's stray animals are cared for. The team attends incidents where cats and dogs have been injured and treats them at the scene. They also vaccinate strays and make sure they are fed and watered.

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Monthly Exports from Turkey exceed $20B for first time

2021-October-30

Monthly Exports from Turkey exceed $20B for first time

Turkish exporters surpassed the $20 billion mark for the first time monthly in September, according to a statement made by the country's trade minister. Last month's exports increased by 30% to $20.8 billion in total, according to Mehmet Mus, who spoke at a meeting in Ankara to announce preliminary figures in Turkey.

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Turkey’s Growth Forecast revised up by Fitch

2021-October-30

Turkey’s Growth Forecast revised up by Fitch

According to a new statement released by Fitch Ratings recently, the Global Economic Outlook for last month in Turkey was forecast to stand at 9.2%. This latest figure is a big positive for Turkey as their previous figures in August saw the growth forecast rise from 6.3% to 7.9%.

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Turkish Delivery Service Getir opens in Spain

2021-October-30

Turkish Delivery Service Getir opens in Spain

Successful Turkish delivery service company, Getir, have recently announced that they are launching and expanding in a further two international cities, those cities being Madrid and Barcelona in Spain. Getir explained that these new launches have been made possible by acquiring BLOK, a rapid delivery service company in Spain.

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Kusadasi cruise destination to have “Best Year Ever”

2021-October-29

Kusadasi cruise destination to have “Best Year Ever”

The resort city in Turkey’s Aegean, Kusadasi, is expected to record its greatest number of cruise ships docking in its port next year, after having been majorly disrupted by COVID-19. Kusadasi is one of the main tourist attractions situated within the western Turkish province of Aydin.

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Sea Taxi Returning to Istanbul after 9 years

2021-October-29

Sea Taxi Returning to Istanbul after 9 years

The sea taxi is due to launch once again in Istanbul after a 9-year hiatus, according to the company that originally operated the sea taxis. Even though the Bosphorus waterway and regions along the shore are split into the Black Sea and the Marmara Sea, transportation by sea in Istanbul has been limited to passenger ferries.

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