Turkish property & economy news
09 September 2020
Surge of US interest in Turkey as Americans tire of pandemic conditions The pandemic has prompted a lot of people to evaluate. What is important? What should life look like? And where should I live? Americans, fed up with pandemic conditions and an increasingly polarised society, are looking outwards for new opportunities. And many are looking to Turkey, where citizenship is available with a $250,000 investment.07 September 2020
Foreign real estate investments in Turkey predicted to rise A senior real estate sector representative has said that house sales in Turkey to non-nationals are predicted to see a significant increase in the forthcoming period due to the currency exchange rate and the country’s effective containment of the COVID-19 pandemic.07 September 2020
Turkish tourism boosted by new German arrivals Germany’s initial lifting of travel restrictions due to COVID-19 is expected to give Turkey a significant boost in the tourism sector, tourism representatives are expecting. This would be the second boost to the tourism recovery, after the arrival of Russian tourists.07 September 2020
Tourists return to Cappadocia after a five month wait In the second week of March, the General Directorate of Civil Aviation cancelled all hot air balloon tours in Turkey’s touristic region of Cappadocia as part of the country’s fight to contain the COVID-19 outbreak. As of August 22, flights were recommenced, after a five-month break.03 September 2020
Despite pandemic, property sales top 1 million in first half of 2020 Official data shows that despite the COVID-19 crisis and consequent lockdown enforcements, the first half of 2020 saw more than a million properties sold in Turkey. In total, 1,058,448 residential and commercial properties, as well as plots of land, were sold during the period of six months between January and July this year.03 September 2020
Promising July leads to optimism for Turkey’s tourism season Since flights were restarted from many countries in July, tourism in Turkey has quickly gathered pace. According to the Culture and Tourism Ministry data, around 933,000 tourists flew to Turkey last month alone, which was more than quadruple June figures, which sat at 215,000.03 September 2020
Ukrainians top list as number of tourists visiting Antalya reach 1 million As international flights resume to Antalya, the number of foreign tourists visiting the Turkish Mediterranean resort city has hit one million, with Ukraine being the most popular homeland for these tourists. Antalya has established itself as a safe destination for holidaymakers during the coronavirus pandemic, and as a result the number of tourists have soared.02 September 2020
Turkey takes its first steps towards outer space Turkey is hoping to get a foothold in the final frontier. Two years ago, Erodgan launched the country's first space agency. Now, a rocket technology company, Roketsan, is developing a space trial of a locally made liquid-propellant rocket. The space bid is one of several projects launched in Turkey to boost the economy.28 August 2020
Why the US could be Turkey's quiet ally in the Med Turkey's discovery of a massive store of natural gas in the Eastern Mediterranean has sparked tensions in the area, with Greece of the view that the exploration was illegal. Also this week came a report from US investment bank JP Morgan, who appeared to back the Turkish lira. With this nod of endorsement, could Turkey have an ally in the US?27 August 2020
Chinese nationals rank in Top 10 property buyers in Turkey In the first half of 2020 there was a new entry to the list of largest foreign property in Turkey buyers: China. After a three-year absence from the Top 20 List, they jumped to eighth in the list published recently.27 August 2020
Real estate sales in Turkey on the rise again Real estate in Turkey has always attracted major foreign interest thanks to Turkey’s stunning location, Turkish citizenship by investment incentives, and promotional campaigns offered. Foreign investment interest has now started to bounce back alongside the country’s normalisation process following the COVID-19 outbreak, a sector official has said.24 August 2020
Despite Covid, Turkey hopeful for $15bn tourist gain Last year, Turkey's tourism revenue reached a record $34.5 billion. This year, the figure was never going to be as high, nor is there hope of reaching the record-breaking goal of 60 million visitors. but officials are hopeful of regaining some of the lost income between now and the year's end. Tourists are slowly coming back to Turkey as border restrictions lift.
Continue with Google
