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Property Turkey News

Refer to news releases published by Property Turkey for latest updates on political matters, economic performance, tourism in Turkey, real estate market analysis and other matters that could potentially affect property investment and living in Turkey.  

Covering Turkey's popular real estate markets, including Istanbul, Bodrum, Antalya, Fethiye, Kalkan, Kas, and Side as we scour through hundreds of international sources to bring you the very latest updates on Turkey.  We look at political affairs, economic updates, mortgages, tourism, weather, taxes, social and cultural affairs that are relevant to all things Turkish. 

 
Demand for Turkish Properties by Russians triples

2019-August-23

Demand for Turkish Properties by Russians triples

The Kommersant, Russia’s Daily Newspaper recently reported that in the first six months of this year Russian nationals wanting to buy Turkish property has increased by 2.8 times when compared to the same time last year.

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Turkish tourism is growing and changing

2019-August-22

Turkish tourism is growing and changing

Turkey's tourist profile has changed. A few years ago, it was British visitors flooding airport terminals. Now, while the Brits are still coming in steady numbers, especially to Antalya and Istanbul, there is an increasing number of tourists travelling from the Middle East and China, bolstering the economy and ensuring sustainable income for tour operators.

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Golf tourism brings 135 million Euros into Turkish economy

2019-August-15

Golf tourism brings 135 million Euros into Turkish economy

Hundreds of thousands of golfers travel to 5-star resorts in Turkey to enjoy the sport at the highest of standards. Golf tourism professionals report that the revenue this brings to the country is worth a phenomenal 135 million euros per year.

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Tourists arrivals in Istanbul are at an all-time high

2019-August-15

Tourists arrivals in Istanbul are at an all-time high

5.42 million tourists visited the largest city in Turkey, Istanbul in the first five months (January – May) 2019 which was an increase of 11% compared to the same time last year, and an all-time high in the past five years. Istanbul has made huge progress towards a goal of welcoming 15 million tourists this year.

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Tourist revenue jumps 13.2% as 18 million foreigners choose Turkey

2019-August-14

Tourist revenue jumps 13.2% as 18 million foreigners choose Turkey

Turkey continues to enjoy excellent tourism trade with an increase in money being spent as well as visitor numbers. Over 18 million foreign visitors have flocked to Turkey in the first half of this year with revenue reaching 12.6 billion USD, according to data.

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Turkey's special relationship with New Zealand

2019-August-12

Turkey's special relationship with New Zealand

Turkey and New Zealand's relationship was forged in war, and continued as allies. Now, Turkey's ambassador to New Zealand has praised the bond between the two countries, saying that the small trade volume between the two in no way reflects the strength of their relationship.

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Two new Blue Flag Beaches awarded in Turkey

2019-August-11

Two new Blue Flag Beaches awarded in Turkey

The Karasu district in the province of Sakarya in Turkey was recently presented with two blue flags for beaches in the area. The blue flag relates to the cleanliness of the beach as well as the health of the sea. The metropolitan municipality mayor of Sakarya, Ekrem Yuce said that it is his aim to now obtain blue flag status for Koccali and Kaynarca beaches.

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Tourists flock to the Grand Bazaar in Istanbul

2019-August-11

Tourists flock to the Grand Bazaar in Istanbul

The Grand Bazaar is a landmark in the Fatih district of Istanbul. Known as the world’s oldest bazaar, it has been under threat of closure due to the dwindling number of foreign tourist visitors in the past few years. However, there has been a noticeable increase in footfall and the bazaar has started to regain its previous glory.

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Hopes for Turkish lira as it defies the odds

2019-August-07

Hopes for Turkish lira as it defies the odds

Turkey's lira took a beating last year. Losing 50 percent of its value against the dollar meant inflation took a hit, soaring sky high. Since May, however, the lira has climbed slowly back up, and Turkish bonds garnered healthy returns. While we're not yet in the clear, the green shoots are encouraging news for investors. 

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Rare Turkish bee stowaway sparks international outcry

2019-August-01

Rare Turkish bee stowaway sparks international outcry

A rare bee that stowed away in a British tourist's suitcase and built colourful petal sacks in their conservatory has sparked an international outcry after British officials ordered its destruction. The osmia avosetta was discovered in 2009 on a remote Turkish mountain. British officials fear it could threaten native bees, which are in decline.

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Turkey and Canada agree to increase investment and trade

2019-July-26

Turkey and Canada agree to increase investment and trade

Ruhsar Pekcan, Trade Minister for Turkey and Jim Carr, the Canadian Trade Minister met in Japan at the beginning of June at the G20 Ministerial Meeting on Trade and Digital Economy. It was here where the two ministers signed the joint Economic and Trade Commissions MoU. This joint understanding aims to strengthen current trade ties.

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Turkey and UK to further relations regardless of Brexit outcome

2019-July-26

Turkey and UK to further relations regardless of Brexit outcome

Turkey and the United Kingdom already enjoy strong ties and are looking to strengthen their bilateral ties further to ensure that their relationship is not affected by Brexit, regardless of whether there is a deal or no deal. Trade ministers from both countries attended a meeting in the Turkish capital of Ankara.

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Industry insiders predict Turkish tourism surge

2019-July-23

Industry insiders predict Turkish tourism surge

Turkey will wrap up 2019 with some good news from the tourism sector: experts are predicting a 10 percent rise in the number of tourists visiting Turkey. Turkey's largest city, Istanbul, and the southern Mediterranean city of Antalya are the preferred destinations, each welcoming record numbers of visitors.

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Property sales in Turkey continue to soar in 2019

2019-July-21

Property sales in Turkey continue to soar in 2019

Turkey’s property market continues to rise with real estate sales to foreigners in May being the highest ever. As a result, the market has enjoyed the highest foreign sale figures month-on-month since the beginning of the year with June continuing to impress.

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11% Increase in Foreign Visitors to Turkey in 5 months

2019-July-20

11% Increase in Foreign Visitors to Turkey in 5 months

In the first five months of this year, the number of foreign visitors arriving to Turkey showed a huge increase of 11.3% year-on-year according to statistics from the Ministry of Culture and Tourism. In total, almost 12.8 million foreigners visited Turkey from January to May this year in comparison with 11.5 million recorded for the same time last year.

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Antalya Airport sees highest rise of passengers in all of Europe

2019-July-20

Antalya Airport sees highest rise of passengers in all of Europe

Welcoming over 25 million passengers last year, Antalya Airport reported the highest increase in all European airports. Ilgaz Arnaz, the Operations and Security director at Fraport TAV Antalya Airport confirmed that: “Antalya saw the highest increase in the number of passengers with a 21.1% rise in 2018."

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Kusadasi Welcomes 40 Cruise Ships from January to May

2019-July-09

Kusadasi Welcomes 40 Cruise Ships from January to May

From January to May this year, the Ege Port located in Kusadasi, in the Aegean province of Aydin played host to forty cruise ships in total. Due to this, Ege Port is currently ranked as the number one port in Turkey with regards to the number of passengers and number of ships entering and exiting the country.

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Turkey voted seventh best expat destination in the world

2019-July-07

Turkey voted seventh best expat destination in the world

It's official: if you're an expat, Turkey is one of the best places to live on the planet. An HSBC survey has placed Turkey at seventh place, up from its 22nd place ranking last year. The country has made a huge effort in the past few years to make itself foreigner-friendly, easing regulations around visas, property buying and living.

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All change? The reality of Istanbul and Turkey under Imamoglu

2019-July-02

All change? The reality of Istanbul and Turkey under Imamoglu

Ekrem Imamoglu is the man of the moment. After sweeping to victory in Istanbul's mayoral re-run elections, the city and wider Turkey are poised for change. But what will the reality look like? Should President Recep Erdogan be worried? We separate the fact from the fiction and examine Imamoglu's stance on Istanbul and beyond.

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New Eastern Express train to boost tourism in Turkey

2019-July-02

New Eastern Express train to boost tourism in Turkey

Ankara recently held a ceremony to mark the first journey taken by the Tourist-only Eastern Express Train in Turkey. The new tourist train has been launched to not only promote railway tourism, but to also help with the huge demand that the current Eastern Express is struggling to meet.

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