Turkish property & economy news
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.26 January 2021
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.22 January 2021
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.22 January 2021
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.20 January 2021
Fleeing a tanking economy, Iranians opt for Turkish citizenship An exodus that began in 2009 with the re-election of a hardline president shows no sign of slowing, as Iranians look for an alternative to their failing state. With Turkish citizenship by investment still on the table, Iranians are increasingly looking to Turkey as a place to make a fresh start.17 January 2021
Investment to keep flowing in Turkey in next 5 years The head of Turkey’s presidential investment office has stated at the Web Summit 2020 that Turkey is set to see a larger amount of investment over the next five years, with interest in Turkey currently higher than ever.17 January 2021
Industry investment in Turkey up by 30% Mustafa Varank, the Industry and Technology Minister, has revealed that in November 2020 Turkey provided 1,009 investment incentive certificates which will provide the country with investments totalling 25.3 billion Turkish Lira (3.31 billion USD) and also create in the region of 33,903 new jobs in the country.15 January 2021
Turkey is still Number 1 with Russian Tourists In 2020, data has shown that despite the coronavirus pandemic that decimated the tourism industry around the world to a standstill, Turkey remained the top destination for Russian tourists leaving Russia for holidays abroad during the summer and beyond towards the end of the year.15 January 2021
25 million foreign visitors expected in Turkey in 2021 The tourism sector in Turkey is hoping that, by administering coronavirus vaccines, the sector will welcome 25 million foreign visitors this year after a sharp decline in visitor numbers last year due to the coronavirus pandemic that took hold of the globe.13 January 2021
Demand for Turkish citrus booms, fuelling exports When the coronavirus pandemic halted exports from China, importers of citrus fruit were forced to look elsewhere. Enter, Turkey. Last year's citrus exports from Turkey increased by 24%, turning mandarins, lemons, oranges and grapefruit into a central tenet of Turkey's agricultural exports. Russians were at the top of the list, importing almost 200,000 tonnes of fruit.13 January 2021
Mount Nemrut welcomes over 500,000 tourists Mount Nemrut stands between the East and West crossroads in southeastern Turkey and is one of the most spectacular tourist attractions in the country, welcoming over 500,000 international and local tourists in the last few years. Mount Nemrut is a mountain that stands 7,001 feet high in Kahta in Adiyaman province.13 January 2021
4 months Hazelnuts exports provides 732.8 Million USD Hazelnut exports between September and December 2020 by Turkey earned a grand total of 732.8 million USD (TL5.4 billion), according to data provided by a regional trade group. The Black Sea Hazelnut and Products Exporters’ Association provided data which shows that the 4-year figure fell by over 32% from the same time last year.
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