Turkish property & economy news
11 March 2021
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.02 March 2021
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.01 March 2021
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).24 February 2021
'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.23 February 2021
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.23 February 2021
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.22 February 2021
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.17 February 2021
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.15 February 2021
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.15 February 2021
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.09 February 2021
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.03 February 2021
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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