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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 now EU’s 6th largest trade partner in 2020

2020-May-04

Turkey now EU’s 6th largest trade partner in 2020

It was reported on Monday by the European Union’s statistical authority that the union’s trade balance for foreign trade had seen a 20.2 billion Euro (22.2billion USD) surplus in the first two months of 2020.

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Demand increases for detached houses in Turkey amidst COVID-19

2020-May-04

Demand increases for detached houses in Turkey amidst COVID-19

According to sector representatives, coronavirus has made a huge difference to Turkish real estate preferences, with an increased interest for detached houses with outdoor and garden spaces as well as additional inside space that could serve as a home office.

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The Turkish island where a community has kept coronavirus at bay

2020-April-29

The Turkish island where a community has kept coronavirus at bay

For more than two centuries, the inhabitants of Mada Island, 250km from Antalya, have lived an isolated, and at times difficult life. With no bridge, inhabitants need a boat to reach the mainland. Now, that isolation is paying off, as the island's mostly elderly population uses their island advantage to keep coronavirus at bay. 

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Turkey answers UK's desperate call for medical supplies

2020-April-19

Turkey answers UK's desperate call for medical supplies

As the NHS battles to treat the deluge of coronavirus cases the British government has put out an urgent call: help us with medical equipment. And Turkey has answered, sending planeloads of equipment to the United Kingdom. The medical gear is sent in boxes with words from the Persian poet Rumi: After hopelessness, there is so much hope, and after darkness, there is the much brighter sun".

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Families provided with cash aid as Turkey supports workers

2020-April-15

Families provided with cash aid as Turkey supports workers

It was announced by Turkey that financial aid would be give to employees who were forced to take unpaid leave during the pandemic caused by COVID-19. The Treasury and Finance Minister, Berat Albayrak, said: “Our citizens who are on unpaid leave, do not worry. We’ll provide salary support for them, too.”

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600 Turkish citizens returned home from abroad

2020-April-15

600 Turkish citizens returned home from abroad

As part of new measures brought about against fighting the novel coronavirus, Turkey is continuing to bring its citizens back to the country from multiple destinations around the world, recently repatriating nearly 600 people home, specifically from Nagorno-Karabakh and Ukraine.

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Almost 3,000 patients recovered from COVID-19 in Turkey

2020-April-12

Almost 3,000 patients recovered from COVID-19 in Turkey

Health Minister Fahrettin Koca announced that the daily count of people suffering from the effects of coronavirus had exceeded 50,000 as the daily death toll increased, bringing the total of people that have lost their lives to 1,101. There were more than 30,000 tests conducted for the disease on Saturday, April 11.

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Turkey to provide 5 free face masks per week

2020-April-12

Turkey to provide 5 free face masks per week

Following the recent decision by the Turkish government to further combat and fight against the spread of coronavirus, it is now a requirement by law to wear a face mask when in a public place. Due to this new legislation, the Turkish Postal System has announced plans for the distribution of medical masks to Turkish citizens free of charge.

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Tourism in Turkey set to resume by the end of May

2020-April-12

Tourism in Turkey set to resume by the end of May

Mehmet Nuri Esroy, the Turkish Minister for Culture and Tourism recently announced that the tourism season in Turkey is set to be on hold until the end of May, due to the COVID-19 pandemic. He said that: “Hopefully, we will see that tourism activities will start again during the Ramadan Feast.”

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Turkish education continues online during Coronavirus

2020-April-08

Turkish education continues online during Coronavirus

With COVID-19 dominating the news, the field of education is feeling the force of social isolation. However, for students to continue their education uninterrupted, Turkey is set to launch digital education that will be available to millions. All education ceased across Turkey on March 13 to try and stop the spread of coronavirus.

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Istanbul and Antalya amongst the most popular cities worldwide

2020-April-08

Istanbul and Antalya amongst the most popular cities worldwide

According to new data released by Business Insider, in terms of visitor numbers, in 2019 Istanbul ranked 8th in the world with 13.4 million total tourist visitors, whilst the Turkish resort city of Antalya came in 10th with recorded visitor numbers reaching 12.4 million.

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Turkish Airlines join Lufthansa to help fly 30,000 people home

2020-April-05

Turkish Airlines join Lufthansa to help fly 30,000 people home

The Turkish Airlines and Lufthansa joint venture SunExpress has carried more than 30,000 people home in efforts to assist with repatriation due to flights being banned to minimalise the spread of coronavirus throughout the world.

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Retail supermarket giant Migros hire 1,000 new staff

2020-April-05

Retail supermarket giant Migros hire 1,000 new staff

The company behind Turkey’s supermarket chain, Migros, have confirmed their need to hire an additional 1,000 new members of staff to deal with the increased demand being put on them and to meet the online orders that have increased due to the outbreak of coronavirus in Turkey.

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Demand for Automobiles remains high despite COVID-19

2020-April-02

Demand for Automobiles remains high despite COVID-19

Even in the face of adversity, the automotive industry in Turkey is on target with regards to its growth expectations. Although coronavirus has meant that all vehicle production is halted, Turkey expects more sales when production can start again in July.

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Istanbul Modern offering virtual exhibitions in light of COVID-19

2020-April-02

Istanbul Modern offering virtual exhibitions in light of COVID-19

Due to COVID-19 Coronavirus, the Istanbul Modern Museum has been forced to temporarily close in an effort to help contain the pandemic. Due to this, the Istanbul Modern museum is welcoming art enthusiasts to visit their website and digital platforms where their exhibitions and collections can be viewed virtually.

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Turkey's economy to be one of the least hit by the pandemic

2020-March-29

Turkey's economy to be one of the least hit by the pandemic

Like most other countries, Turkey is battling the covid-19 pandemic that has swept around the world. However, top banking officials believe the country will be cushioned from the worst of the economic impacts that are expected to send the world into a recession. Turkey is introducing strict measures for its populace to control the spread of the virus.  

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Bilateral Trade between Turkey and USA to increase

2020-March-23

Bilateral Trade between Turkey and USA to increase

Recep Tayyip Erdogan, the President of Turkey confirmed that he and American President Donald Trump have agreed to keep their disputes to one side and forge ahead with their trade target of 100 billion USD between Turkey and the USA.

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Each night at 9pm, Istanbul residents send up a cheer for frontline healthcare workers

2020-March-22

Each night at 9pm, Istanbul residents send up a cheer for frontline healthcare workers

In a show of nightly solidarity, people in Istanbul cheer and bang pots and pans each evening to show their appreciation for health workers. The Turkish government, like most around the world, has rolled out stricter measures to curb the spread of coronavirus, including closing public places and shutting down flights.

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COVID-19 and Turkish property: what investors should know

2020-March-16

COVID-19 and Turkish property: what investors should know

The Coronavirus pandemic is upending economies and the tourism industry. But when it comes to property in Turkey, Cameron Deggin follows a maxim. "When there's blood on the streets: buy property." For overseas investors confined to internet shopping, there are ways and means to get your hand on a bargain, Deggin explains.

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Tourist numbers in Turkey up by 16%

2020-March-12

Tourist numbers in Turkey up by 16%

In January, foreign visitors choosing to visit Turkey increased on a yearly basis by 16.1% with hotel occupancy rates increasing by 6.4% to reach 61.9% when compared to January 2019. Ministry data confirms that in January 2020, Turkey recorded their highest number of foreign visitors ever for January at approximately 1.8 million people.

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