Turkish property & economy news
05 September 2016
Business as usual: Turkish economy unaffected by coup, says PM “The coup attempt did not have even a shadow of effect on the economy,” Turkey's prime minister has said. Cashflow into the country surpassed cashflow out, he added. In other news, record takeoffs and landings at Ataturk Airport, as well as the return of Russians to Turkey herald an improvement in the tourism sector.01 September 2016
Bridge boom: Istanbul property prices increase fourfold Istanbul's third bridge opened last week to great fanfare. The eight-lane bridge has eased congestion in the city, shortening commuter journeys all over the city. What's more, according to22 June 2016
Latest economy news: Turkey property prices jump 65pc in four years A Knight Frank report shows us that Turkish property prices are the most buoyant in Europe, with an increase of 65% since 2012. Prices are being pushed higher by domestic demand with the country's burgeoning mortgage industry, and a strong economy, which continues to outperform expectations. Read on to find out more economic and real estate news from Turkey.13 June 2016
Turkish tourist industry fights back The Turkish tourism industry is taking measures to boost visitor numbers after falling numbers of tourists this year. Showing the resilience Turks are famous for - the same resliliance that saw Turkey go from a economically crippled country to one of the most economically powerful on the globe - the country is determined to win back numbers for its tourist sector. Read what the industry is doing to ensure visitor numbers bounce back.01 June 2016
Turkey and Brexit: why everyone's talking about Turkey and the EU Turkey's agreement to rehome thousands of Syrian refugees in exchange for greater freedom around EU has sparked controversy around Europe, especially in the UK where both sides of the Brexit camp are weighing in on Turkey's possible EU accession. We explore Turkey's history with the EU - and discuss how likely it is that the country will be granted EU membership.30 May 2016
Want to work in Turkey? Government to offer work visa with property purchase With the aim of boosting the property market, the government is planning to offer work permits to anyone who buys Turkish real estate above a certain level. The move follows the 2013 offer of residency visas for home buyers, and will probably extend to allowing buyers to become Turkish citizens. Turkey's property market is booming, with properties increasing by 93 percent in the last five years. However, critics say the market still has room to grow.04 April 2016
Ronaldo kicks off era of 4.5G superfast mobile in Turkey The days of 3G mobile data are long gone - in Turkey, anyway. With the roll out of 4.5G data across the country, Turks can now stream, download and make video calls faster than ever before. With 5G data tipped to arrive in 2020, 4.5G is an interim data measure that will be most welcome in a country of voracious mobile users.08 March 2016
Istanbul's newest bridge a third link between Asia and Europe Istanbul's Selim Bridge, the third link between the Asian and European sides of the city, was completed on Sunday in an official linking ceremony attended by Turkey's president and prime minister. The enormous suspension bridge will officially open in August and will help ease traffic in the city, as well as being an important link to the Marmara Motorway. The bridge is one of a number of city-changing infrastructure projects championed by President Erdogan.18 February 2016
Turkey news: Istanbul Banksy exhibition courts contraversy News from around Turkey: A Turkish town is up for a Nobel Prize for its acceptance of and work with Syrian refugees; an unauthorised Banksy exhibition flies in the face of the artist's anti-commercialisation stance - but might just raise awareness of refugees in Istanbul; an Antalya company is hoping to start tourist submarine trips from Alanya; EXPO 2016 could see the likes of Justin Bieber and Madonna visit Antalya; and Turkey's Grand Bazaar is set to receive a facelift.25 January 2016
Golden Visa scheme a golden ticket for Turkish property buyers Turkey's property market is set to receive a huge boost with the introduction of a "Golden Visa" scheme, like that already in operation in Portugal and Cyprus. Anyone investing $500,000 will receive automatic residency, a move likely to attract more investors, especially in Istanbul, Turkey's number one spot for overseas property buying. The move will also net billions for the Turkish economy.30 November 2015
Turkish real estate market comparison: 2014 – 2015 Data released by the Turkish Statistics Agency (TUIK) shows that real estate sales in Turkey to foreigners have increased by a huge 23.8% in October 2015 over the same period in 2014. Showing continued faith, growth, and appeal, it seems as though investors and home buyers will not be deterred from the ever growing Turkish property sector.04 November 2015
Election results: Turkey’s voters choose stability and strong economy It's been a rocky few months for Turkey. Following an inconclusive general election in June, majority party AKP failed to form a coalilition with any of the opposing parties. A second general election, held this past weekend, yielded much more decisive votes: AKP is back, and with enough votes to lead without need of a coalition. Whatever you think of President Erdogan, it's clear the economic reforms he spearheaded in the past decade or so have brought the country incredible prosperity. With Erdogan back holding the reigns, the lira has rallied and investment will surely follow.
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