Turkish property & economy news
02 November 2020
Driven by export high, Turkish economy is at a 'turning point' Turkey's low lira has given rise to a wealth of opportunities, even in the middle of the pandemic. The country's cheaper goods are attracting overseas attention, and exports out of the country have never been higher. Turkey's finance minister this week told investors that this meant opportunity, and a turning point for a country hitting its stride.19 October 2020
50 billion USD trade volume eyed between Turkey and Germany In a recent announcement, Gonca Yilmaz Batur, the Deputy Trade Minister of Turkey confirmed that Germany is the most important trading partner in Europe for Turkey and that Germany and Turkey are aiming to reach a massive 50 billion USD trade volume over time.19 October 2020
Historical sites attract 3 million visitors in Turkey In the three months of June, July, and August, statistics showed that there were just over three million visitors to the archaeological sites and museums in Turkey. The most visited historical place attracted a total of 233,000 guests, and this was the ancient ruins located in Western Denizli’s Hierapolis, Pamukkale.19 October 2020
Hagia Sophia officially reopens as a Mosque The Hagia Sophia has functioned as a museum for decades, becoming one of the picture postcards of Istanbul for the millions of tourists who visit it every year. However, in July this year it reopened as a mosque after reverting to its original status after the annulment of the original change.19 October 2020
British tourists flock to Aegean and Mediterranean coasts Following a hiatus from the coronavirus pandemic and flights resuming between Turkey, and the United Kingdom, Turkey was the most favoured go-to place for British holidaymakers this summer. The data showed that in 30% of all holiday searches in the UK, Turkey was the chosen holiday spot for September and October holidays.12 October 2020
In 8 months, Turkey welcomed over 7.25 million tourists Initially Turkey was hit severely by the coronavirus pandemic, however, since the country has been able to lift the majority of measures that were put in place, foreign visitors have started to flock to Turkey with international flights in service once again.12 October 2020
Hotel Giant Wyndham continues growth in Turkey Dimitris Manikis, the Chairperson for the hotel giant Wyndham has confirmed that the company remains focused on increasing their international presence in Turkey. During an interview, Manikis said: “After introducing our La Quinta brand in Turkey at the end of 2019 – the first outside of the Americas – we opened two new La Quinta properties in Bodrum and Giresun during the summer.”12 October 2020
Turkey the extended Autumn holiday of choice for Russians According to the ATOR (The Association of Tour Operators in Russia), the total demand for Turkish holidays by Russian citizens has increased significantly due to the holiday extension of Russian school’s autumn holiday period for 2020.12 October 2020
2.5 Million tourists visit Antalya from January – September New statistics released have confirmed that despite the COVID-19 pandemic, 2.5 million visitors have visited Antalya on the Mediterranean coast in Turkey. Experts in the tourism industry strongly believe this is due to the campaign that has been run to assure tourists health and safety is paramount in Turkey.07 October 2020
'If you love Bodrum, make it your home' says Mayor worried about population growth Bodrum's summer population has stayed put. Reluctant to head back to the city and the prospect of lockdown, Turks holidaying in the peninsula are staying put: working and educating their children from home. The increased numbers have placed extra demands on Bodrum's infrastructure, and the Mayor is wondering how the city will cope.24 September 2020
Resorts set to swell this winter as Istanbul residents flee the city Keen to avoid more time trapped in their city apartments, Istanbul residents are heading for their holiday homes. The resort towns, especially those closest to Turkey's largest city, are seeing their populations swell as holiday home owners move in for the winter. Local tradespeople and business owners are welcoming the boost to the local economy.17 September 2020
Despite pandemic, 15 billion USD predicted from tourism in 2020 A senior industry representative said that Turkey’s tourism industry could generate as much as 15 billion USD by the end of 2020 as the sector sees a recovery from the COVID-19 pandemic, with international arrivals rising in numbers.
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