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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. 

 
Tourism in Turkey set to boom in 2021

2021-March-30

Tourism in Turkey set to boom in 2021

The Chairperson, Firuz Baglikaya, of the TURSAB (Turkish Travel Agencies Association) recently confirmed that whilst tourist demands from European countries fell last year during the coronavirus pandemic, UK visitors continued to travel. If the pandemic continues in the same vein, large number of holidaymakers from the UK are expected this year too.

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Two new Subway Lines to open in Istanbul

2021-March-23

Two new Subway Lines to open in Istanbul

The Transport and Infrastructure Minister recently announced that Istanbul is getting two new subway lines, which will total 8 miles (12.9km). Adil Karaismailoglu explained that the first of the lines will be located on the city’s Asian side in the Uskudar district and is set to span between the neighbourhoods of Altunizade and Camlica.

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Galataport project set to be operational in April

2021-March-23

Galataport project set to be operational in April

President Recep Tayyip Erdogan announced that the Galataport project in Istanbul will be operational by April. During the launch of a cinema museum and refurbishment of a historical theatre, the president said: “Galataport is a worldwide project with the potential of drawing 25 million visitors, 7 million tourists and 1.5 million cruise passengers.”

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Automotive sales in February increase by 24.2%

2021-March-23

Automotive sales in February increase by 24.2%

Sales in Turkey’s automotive industry increased by 24.2% in February when compared to the same time last year according to a recent industry group report. In the report, the Automotive Distributor’s Association (ODD) said that in Turkey, commercial vehicles and passenger cars sales had surpassed 58,500 in February.

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With no need for a vaccination, British tourists queue for Turkish summer holidays

2021-March-17

With no need for a vaccination, British tourists queue for Turkish summer holidays

An announcement that British tourists won't need vaccination certificates to travel to Turkey has prompted a wave in bookings as Brits planned summer holidays to favourites like Antalya, Bodrum and Fethiye. Culture and tourism minister Mehmet Nuri Ersoy said Turkey was looking forward to welcoming British tourists "with open arms".

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Turks eye housing market via interest-free scheme

2021-March-11

Turks eye housing market via interest-free scheme

An Islamic-based lending system has been tightened up to allow Turks -- especially young, first-time buyers -- a way to bypass the eye-watering interest rates and find a way into the domestic housing market. Property Turkey director Cameron Deggin says the scheme will boost the market -- and add competition for international investors. 

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2021 tourism in Turkey helped by top COVID-19 measures

2021-March-02

2021 tourism in Turkey helped by top COVID-19 measures

According to the former secretary-general of the UNWTO, it will be quickly possible for tourism in Turkey to get back to pre-pandemic visitor numbers provided the country keeps measuring and proving to tourists that it is a safe place to visit.

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Ukrainian tourists continue to choose Turkey

2021-March-01

Ukrainian tourists continue to choose Turkey

Due to the healthy holiday opportunities and standards of cleanliness, Turkey was the number one choice in 2020 for Ukrainian tourists during the coronavirus pandemic. This was confirmed by a report from the Mediterranean Touristic Hoteliers Association (AKTOB).

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'Grow with the country' expert urges investors as lira climbs

2021-February-24

'Grow with the country' expert urges investors as lira climbs

A recent shake up of Turkey's monetary system is a positive sign that Erdogan no longer has the influence he once did. After two new appointments in the finance sector and sustained higher interest rates, the lira is on the move, and investors should be too, says Property Turkey director Cameron Deggin.

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Brexit a positive for Turkish tourism

2021-February-23

Brexit a positive for Turkish tourism

A popular Turkish newspaper recently reported that experts think that Brexit will have a positive effect on the country when it comes to tourism numbers in Turkey. They have come to this conclusion as there will be more procedures for British visitors wanting to travel within EU countries than British visitors heading to Turkey.

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Despite COVID-19 Lake Salda welcomed almost 1 million visitors

2021-February-23

Despite COVID-19 Lake Salda welcomed almost 1 million visitors

Located in the Southwestern Burdur province of Turkey, is Lake Salda. Referred to as the Maldives of Turkey because of the clear blue waters and white beaches that is offers, it is a must see for those travelling in Turkey. New data released shows that even during the pandemic last year, Lake Salda played host to over 800,000 visitors and tourists.

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Turkey's lira rallies as policy holds firm

2021-February-22

Turkey's lira rallies as policy holds firm

It's a chink of light amidst the doom and gloom: Turkey's lira has rallied, rising in strength against the dollar by 23% since November. Three months of firm fiscal policy, implemented by a new central bank governor, have born fruit, increasing confidence in Turkey and among foreign investors.

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Turkey's ambitious plan to land on the moon

2021-February-17

Turkey's ambitious plan to land on the moon

Travelling to the moon is an idea that captures the imagination. It's also highly ambitious. These two factors make a moon landing highly appealing to Turkish President Recep Tayyip Erdogan, who has announced a Turkish bid to reach the moon by 2023. “Our roots will be on earth, our branches will be up in the sky,” Erdogan said. 

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Erciyes Ski Resort in Turkey amongst the best in Europe

2021-February-15

Erciyes Ski Resort in Turkey amongst the best in Europe

Erciyes Ski Resort is famous as one of the world’s most prestigious and distinguished places for top class skiing. Located in central Turkey, it has now been included in EDEN, which is the European Destinations of Excellence Network and organised by the European Commission, an executive department of the European Union.

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Transportation attracts foreign investors in Turkey

2021-February-15

Transportation attracts foreign investors in Turkey

There is a wealth of new opportunities for foreign investors in Turkey due to the accelerating connectivity and mobility of the country. In accordance with information obtained, the aviation industry in Turkey has shown growth that is well above the average in the world thanks to their investments and new regulations introduced in the country.

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Bodrum investments reach new high as centre aims to be Turkey's Davos

2021-February-09

Bodrum investments reach new high as centre aims to be Turkey's Davos

Investment in Bodrum has never been higher. The resort town, a long-held tourist favourite, has had $10bn worth of investment, not only private spending, but public too, with improvements made to roads, schools and medical facilities. The mayor has ambitions for the peninsula to become a diverse tourist hub, and the Davos of Turkey.

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Demand for Turkish 'isolation property' grows by 80%

2021-February-03

Demand for Turkish 'isolation property' grows by 80%

For some buyers, privacy and seclusion has always been at the top of the list of property criteria. But now, there's an extra reason: social distancing. Property Turkey director Cameron Deggin says demand for property that offers space and distance has surged by 80% over the last year, and shows no signs of slowing.

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IMF bumps up Turkey GDP growth forecast to 6%

2021-January-26

IMF bumps up Turkey GDP growth forecast to 6%

Turkey's economy is set to grow this year, defying expectations once again. Last year's economic contraction was also revised upwards, with the country growing by 1.5% instead of a negative 5%. However, continued economic stimulus will still be needed to soften the blow of the coronavirus pandemic, the IMF has said.

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Forget Gold, Real Estate is the best investment in Turkey

2021-January-22

Forget Gold, Real Estate is the best investment in Turkey

One of the most popular investment choices for Turkish locals is still real estate, according to a latest survey. Despite everything that has happened over the past year, Turkish real estate continues to be the investment that citizens have called the most satisfying.

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Villa rentals up as tourists seek a safe holiday in Turkey

2021-January-22

Villa rentals up as tourists seek a safe holiday in Turkey

Renting a villa in Turkey is becoming more popular amongst both foreign and domestic tourists. Social distancing has become a common aspect of people’s lives and has had a huge impact on holiday preferences during 2020. Tourists have been looking for a safe holiday and are choosing to book a villa rather than staying in busy hotels.

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