home Turkish property & economy news

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. 

 
Event tourism now returning to Turkey

2021-September-19

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.

Read More
Target of Zero Emissions for Istanbul Airport By 2050

2021-September-17

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.

Read More
Turkey joins European COVID-19 Passport Program

2021-September-17

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.

Read More
Rentals climbing sky-high in Istanbul

2021-September-15

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.

Read More
In Q2, Turkish economy grew, expanding almost 8% in 2021

2021-September-14

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%.

Read More
UK and Turkey to talk about widespread free trade deal

2021-September-14

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.

Read More
Istanbul's Galataport ready to swing into action

2021-September-09

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.

Read More
Bodrum makes Time Magazine's greatest places list

2021-September-01

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.

Read More
Pandemic drives Princes Island property prices skyward

2021-August-23

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.

Read More
Covid travel update: when will Turkey leave the red list?

2021-August-18

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?

Read More
First ship expected at Galataport in August

2021-August-16

First ship expected at Galataport in August

Galataport is set to return the Karakoy coastline in Istanbul to the public after 200 years. The port will take up the role as one of the top cruise destinations in the city and make a huge contribution to local tourism. Galataport has undergone major renovation and will see the first ship anchor in August to open a new era for tourism.

Read More
Air Traffic Control in Turkey ranked 1st in Europe

2021-August-11

Air Traffic Control in Turkey ranked 1st in Europe

DHMI Turkey’s State Airports Authority Air Traffic Control Centre stands first in Europe having welcomed 324,706 flights in the first six months of 2021. This data was made available by the European Organization for the Safety of Air Navigation also known as Eurocontrol. These figures show that flights are on track to return to pre-COVID 19 conditions.

Read More
UNESCO Creative City Accolade awarded to Kayseri in Turkey

2021-August-11

UNESCO Creative City Accolade awarded to Kayseri in Turkey

The central province of Kayseri in Turkey has been added to the UNESCO Creative Cities Network due to the rich cuisine the area has to offer to those who choose to visit, Memduh Buyukkilic, the Metropolitan Mayor of Kayseri explained.

Read More
Bill Gates drops a cool $10,000 on lunch in Bodrum

2021-August-10

Bill Gates drops a cool $10,000 on lunch in Bodrum

When you're a billionaire, there's no need to count your pennies at mealtimes. When Bill Gates visited Bodrum, cruising the peninsula in his luxury yacht, Leander, he stopped at a local hotel for a slap-up meal with some friends. For the $10,000 price tag, we hope the Microsoft founder tipped the waiter.

Read More
3 million tourists visit Antalya in first half of the year

2021-August-04

3 million tourists visit Antalya in first half of the year

In a statement from the governor of Antalya, the coastal city of Turkey’s Mediterranean, he confirmed that despite the COVID-19 pandemic the tourism capital has welcomed 3.24 million visitors since the beginning of this year.

Read More
Bill Gates recently visits Bodrum in Turkey

2021-August-04

Bill Gates recently visits Bodrum in Turkey

The world’s fourth richest person and founder of Microsoft, Bill Gates is reported to have recently visited Bodrum, the popular resort town in Turkey. Gates arrived at Milas-Bodrum airport in his private jet before boarding a helicopter which took him to his luxury private yacht Leander

Read More
Wildfires deal blow to Turkey's tourist season

2021-August-02

Wildfires deal blow to Turkey's tourist season

Lives have been lost and villages have been evacuated as southern Turkey battles a spate of wildfires. Tourists were evacuated by sea from Bodrum hotels, and villagers faced down flames with garden hoses as fires swept through a landscape left dry from a heatwave that has seen temperatures reach over 40 degrees.

Read More
Eid sends Turkish tourists in search of sunshine

2021-July-26

Eid sends Turkish tourists in search of sunshine

Tired of restrictions, looking for a break, Turks took to the road during the Eid al-Adha holiday. The visitors who fanned out from Istanbul swelled the numbers of small resort towns and filled hotel beds, good news for hoteliers and others relying on the tourist trade to make a living after a year of quiet beaches and restrictions.

Read More
Turkey popular amongst German and Russian Vacationers

2021-July-22

Turkey popular amongst German and Russian Vacationers

In the popular southern costal Mediterranean city of Antalya, hotels are set to reopen after the announcement by Moscow of flight restrictions being lifted to Turkey. Representatives from the tourism sector – key to the economy of Turkey – have hoped that they will now be able to recover some of the losses.

Read More
83 million USD complex to be built in Bodrum

2021-July-22

83 million USD complex to be built in Bodrum

Bodrum, known as the Turkish Riviera, is set to become the home of a massive new sports and entertainment complex. It will be built, aided by Russian Technology, the head of the Russian-Turkish Business Council explained in a statement.

Read More

{{setDate(news.stat_created)}}

{{news.content_title}}

Read More
Loading...