Property Turkey News
2019-December-06
Air Serbia resumes flights from IstanbulAir Serbia stopped flying from Istanbul Airport on March 14, 2017 and after over two years, they are set to resume flights from the new Istanbul Airport on 11 December 2019. In a statement released by IGA (Istanbul Airport Operator), it confirmed that Air Serbia would start to fly from the newest airport in Turkey to Belgrade.
Read More2019-December-04
Goodbye recession: Turkey's economic growth back on trackAfter several quarters of contractions, Turkey's economy has expanded, laying to rest fears of a continued recession. The recovery is in no small part thanks to the central bank cutting its interest rates to revive borrowing. Officials remain hopeful that 2020 will see Turkey return to 5% growth.
Read More2019-December-02
Chinese tourists visit Istanbul on the world’s biggest planeThe Airbus 380 is the largest passenger plane in the world, and it is being utilised by China Southern Airlines to transport visitors to Istanbul due to new interest in Turkey from Chinese tourists looking to travel.
Read More2019-December-02
31 Million tourists visit Hagia SophiaIn the past 12 years, one of the world’s most vital cultural and historical heritage sites, Hagia Sophia in Turkey has welcomed almost 31 million people and tourists as one of the must see locations in the city.
Read More2019-November-28
Foreign buyers snap up Antalya propertyAntalya's always been a popular destination. Its international airport connects travellers to Europe and the Middle East, and the city has a wealth of restaurants, museums, leisure facilities and of course - the beach. Now it's reaching a peak of popularity with property buyers. The number of properties sold to foreign buyers is set to top 10,000 this year.
Read More2019-November-20
Over 40 million passengers arrive at Istanbul AirportThe new Istanbul Airport opened its first phase on 29 October 2018, which coincided with the 95th anniversary of the founding of the Turkish Republic and has welcomed 9.87 million domestic flight passengers and a further 30.6 million international flight passengers since first being opened.
Read More2019-November-20
Tourism target met by Istanbul thanks to Western touristsIstanbul is almost at its target of 15 million tourists per annum according to new data released. It is vital for the city, which although a firm favourite with Arab visitors, is now enjoying large increases in tourists from North America and multiple European countries.
Read More2019-November-19
'Call me Robin Hood' - mystery benefactor returns to Istanbul's Asian sideIn March, news outlets reported a mystery man leaving envelopes stuffed with cash in Istanbul's poorer neighbourhoods. Now, he's back, paying off grocery debts in Tuzla, on Istanbul's Asian side. Rising food and electricity prices in Turkey are hitting families where it hurts, and Istanbul's "Robin Hood" has struck a chord.
Read More2019-November-14
Yemenis find safe homes in TurkeyIn the first nine months of this year, house sales to Yemenis increased when compared to the period of January to September in 2015. The total number of properties in Turkey purchased increased by 98% when war broke out in Yemen.
Read More2019-November-13
Foreign investors want to buy Antalya real estateThe Mediterranean resort of Antalya is no longer just a must visit for holidaymakers, but it is attracting numerous foreign investors who are searching for their own piece of real estate in this stunning seaside city.
Read More2019-November-13
Turkish tourism revenue in Q3 2019 Up by 22%According to data released by TURKSTAT (Turkish Statistical Institute), tourism income in Turkey has increased to 14.3 billion USD in the third quarter of this year. These figures provide data that confirms that revenue from tourism in Turkey has risen massively by 22% year-on-year when compared with 2018.
Read More2019-November-07
Istanbul's mansions on sale as Turks wrestle debtFifty-two of Istanbul's stately yali, the waterfront mansions built during the Ottoman era, are for sale. As Turks struggle to repay foreign debt, they're jettisoning their homes, presenting incredible opportunities for foreign buyers. While these mansions don't come cheap, they are unarguably a slice of history worth owning.
Read More2019-November-02
Amazon invest in Turkey for the long termJust a year after Amazon first launched its operations in Turkey, it is planning a long term investment and relationship. As the biggest e-commerce platform in the world, Amazon and Bogazici University now offer a training program to help small and medium sized business in Europe.
Read More2019-November-02
Foreign visitors top 31 million in TurkeyAccording to data from the Culture and Tourism Ministry, in the first eight months of this year there have been over 31 million foreign visitors welcomed in Turkey. In the January to August period, data shows that visitors are up by 14.7% on a year-by-year basis.
Read More2019-October-31
In Istanbul, a new Chinatown is growingAttracted by marketing campaigns, easy investment opportunities and Turkish citizenship, the Chinese are moving into Istanbul. As with other global hubs, the new arrivals are making themselves at home in a designated corner of the city, and a new Chinatown is emerging in a once rundown central neighbourhood.
Read More2019-October-24
Millions of Iranians set to visit Turkey in 2020The number of Iranians visiting Turkey is increasing year-on-year due to improved relationships, promotional marketing and paying special attention towards what their visitors want by ensuring all of their needs are met.
Read More2019-October-24
Tourist spending in Turkey up by 70%The growing number of people visiting Turkey has resulted in an increase of 70% in shop purchases when compared to the same period last year. These figures came about from a survey that was carried out by Global Blue.
Read More2019-October-24
Istanbul’s serviced apartments offer mega returnsMore tourists than ever before are visiting Istanbul. And these visitors are changing the city's tourism profile, as they opt for a new way of travelling. The rise in popularity of serviced apartments means opportunities for investors looking to capitalise on the trend. We look at some quality developments in areas like Sisli, Maslak, Beyoglu and Zeytinburnu.
Read More2019-October-20
Erdogan's gamble against Trump pays off in SyriaUS sanctions have impacted on Turkey. But Erdogan has ignored them, banking on the fact that his country's strategic and regional position makes it an indispensable US ally. And it looks like the Turkish leader has been proved right, with a deal he's struck with Trump that has landed him a long-sought buffer zone in Syria.
Read More2019-October-17
Hotel occupancy rates in Istanbul better than LondonData recently released by TUROB (Hotel Association of Turkey) confirmed that in August Istanbul ranked in the top ten cities in Europe with regards to hotel occupancy rates. Istanbul claimed the seventh place above Barcelona, Budapest and London on a recent list of 35 vacation destinations.
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