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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. 

 
Antalya submarine offers glimpse into undersea world

2019-April-28

Antalya submarine offers glimpse into undersea world

Turkey's first submarine attraction, which runs out of Antalya, has gone from strength to strength since its 2017 launch. This year, the tourist attraction expects 22,000 tourists, who explore shipwrecks and the marine life in the Mediterranean waters.

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Istanbul Airports welcome 15 million people in two months

2019-April-23

Istanbul Airports welcome 15 million people in two months

Compared with the same period in 2018, January and February of this year have seen an increase of 216,490 passengers on domestic and international flights travelling through Ataturk International Airport, Sabiha Gokcen and the new Third Istanbul Airport.

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Foreign buyers in Turkey hit all time high in February

2019-April-21

Foreign buyers in Turkey hit all time high in February

Turkish property sales to foreigners are continuing to soar with a massive increase of 92.1% year on year in February 2019 compared to February 2018, according to latest statistics. The most preferred location amongst buyers was Istanbul, and data revealed that people from Iraq purchased the most properties, totalling 628 sales in February alone.

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Tombs and Sarcophagi in Stratonikeia to open for visitors

2019-April-18

Tombs and Sarcophagi in Stratonikeia to open for visitors

It has been confirmed that tombs and sarcophagi have been dug up from one of the biggest cities of marble in the world and will be on display in Western Turkey in Stratonikeia, near to Bodrum in Mugla. On March 1, Turkey’s Culture and Tourism Ministry launched ongoing excavations in the city of Stratonikeia. 

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210 billion USD invested in Turkey from Europe in 15 years

2019-April-14

210 billion USD invested in Turkey from Europe in 15 years

During a presentation in Austria the President of the Investment Office, Arda Ermut confirmed that from the period of 2003 – 2018 companies with European capital invested almost 210 billion USD in the Turkish economy.

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Turks wait with bated breath for vote recount

2019-April-09

Turks wait with bated breath for vote recount

It's a situation we haven't seen in decades in Turkey: the long-ruling AK Party, led by President Erdogan, was dealt a blow in March's local body elections when oppositional mayors were elected in the country's big cities. Erdogan has demanded a recount. And the public's wondering, what's next?

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Ferry to run from Izmir to Athens from this summer

2019-April-08

Ferry to run from Izmir to Athens from this summer

From June 2 this summer, people will be able to use the new ferryboat scheduled to run from the district of Cesme in the western province of Turkey’s Izmir and the Greek town of Lavrion on the coast near Athens. The aim for the new ferry service is to reduce the dense traffic that builds up along the border gates whilst also helping to develop the relations.

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550 million USD invested by Turkish hoteliers in 2018

2019-April-08

550 million USD invested by Turkish hoteliers in 2018

The Hotel Association of Turkey (TUROB) have released a new report based upon the Investment Incentive Certificates, confirming that due to the rise in the tourism sector last year following two years of uncertainty, there have been new 167 hotel in Turkey project applications made in 2018, which will provide an increase of 28,661 bed capacity across the country.

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Erdogan loses Ankara and Istanbul in local elections

2019-April-02

Erdogan loses Ankara and Istanbul in local elections

Losing elections isn't something Turkish President Recep Tayyip Erdogan is used to. But in last weekend's local elections, that's exactly what happened. The municipal elections were seen as a test of Erdogan's popularity, and now the president is claiming irregularities in the voting system.

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Antalya to offer 41 direct flights to 13 countries

2019-April-01

Antalya to offer 41 direct flights to 13 countries

Turkish Airlines (THY) are set to increase the number of direct flights from the top holiday resort Antalya to 41, also planning for these flights to operate during the winter season. The Governor of Antalya, Munir Karaloglu made the announcement at an AKTOB, (Mediterranean Touristic Operators Association) meeting that was held in February.

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Turkish Overseas investment reaches 4 billion USD

2019-March-31

Turkish Overseas investment reaches 4 billion USD

Foreign direct investment overseas by Turkish residents saw an enormous growth last year. In 2018, investment reached 4 billion USD, which is an increase of 26% when compared to the same period in 2017. These figures were documented in data issued by the CBRT (Central Bank of the Republic of Turkey).

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Turkey tops 33 European countries for 2018 tourism growth

2019-March-29

Turkey tops 33 European countries for 2018 tourism growth

According to a report published in 2018 by the European Travel Commission (ETC) visitors to Turkey hit a new record and are currently increasing by approximately 22% year on year, with visitor numbers rising above 40 million, the total for 2018 set an all-time high of 47 million tourists to Turkey.

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A mystery "boss" is handing out cash in Istanbul

2019-March-27

A mystery "boss" is handing out cash in Istanbul

It's like something out of a film: a mystery man is handing out cash donations to the families who most need them. In Haskoy, on Istanbul's Golden Horn, a group of people are handing out envelopes to families in need of help. The man's identity remains a secret, but locals are calling him a "godsend".

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Turkey is home to almost five million foreigners

2019-March-24

Turkey is home to almost five million foreigners

In its position between Asia and Europe, it's no surprise Turkey has become home to people from all over the world. The shifting and dynamic population of Turkey has created a "mosaic" country with distinct languages, cultures and traditions in just about every corner, making a fascinating destination for visitors.

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Turkish Employment Program to create 2.5 million jobs

2019-March-18

Turkish Employment Program to create 2.5 million jobs

The Turkish economic administration aims to challenge unemployment rates in the country by launching a new employment mobilisation program. This continued into 2019 after first being launched in February 2017 with a target of creating 2.5 million new jobs by the end of 2019.

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The end of military clearance: Turkey scraps another hurdle to property ownership

2019-March-17

The end of military clearance: Turkey scraps another hurdle to property ownership

Scrapping military clearance is one of the final bureaucratic hurdles to property ownership in Turkey. One by one, the Turkish government has lifted restrictions, making it easier than ever for foreigners looking to invest in Turkey or buy a lifestyle or retirement home there. Now, buyers can purchase property in days, rather than weeks.

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Turkey holds most banking cards across Europe

2019-March-15

Turkey holds most banking cards across Europe

Deputy general manager of the Interbank Card Centre, Cenk Temiz, revealed that there are 214 million banking cards in circulation in Turkey, putting Turkey ahead of any other European country. Speaking with Anadolu Agency, Temiz stated that data shows that at the end of 2018 there were 148 million debit and 66 million credit cards in Turkey.

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It's easier than ever for Brits to fly to Turkey

2019-March-13

It's easier than ever for Brits to fly to Turkey

With 15 Istanbul-bound flights leaving London each day, it's never been easier to get to Turkey. And the ease of travelling between the UK and Istanbul, Bodrum, Antalya and Fethiye has added to a recent spike in the number of British people interested in owning or investing in a Turkish property.

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New Eastern Express Train announced to boost tourism

2019-March-08

New Eastern Express Train announced to boost tourism

Mehmet Nuri Ersoy, the Turkish Culture and Tourism Minister has announced that a new train is set to be introduced to accommodate the increasing number of tourists wanting to visit Eastern Turkey, easing the load of increasing demand on the current Eastern Express. The Eastern Express currently leaves from Ankara and travels towards the eastern city of Kars in Turkey.

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Ataturk Airport gears up for move of a lifetime to Istanbul Airport

2019-March-03

Ataturk Airport gears up for move of a lifetime to Istanbul Airport

It's a couple of months late, but finally, a move is underway. In early April, Ataturk Airport will shift its operations to the brand new Istanbul Airport. Over the next couple of years as it ramps up its operations, the mammoth airport is set to become the busiest in the world. 

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