Property Turkey News
2019-February-17
Qatari Tycoon invests 200 million USD in Kocatas MansionTwenty years ago, the rare and valuable Kocatas Mansion in Istanbul was subjected to a disastrous fire but finally it has been restored to its former glory. Situated on the waterfront in the Sariyer district of Istanbul, the mansion was bought by Qatari businessman Omar Hussain Alfardan, who has spent 200 million USD renovating the mansion.
Read More2019-February-08
Erdogan massages Turkish economy ahead of pollsBefore the last elections, President Recep Tayyip Erdogan introduced a load of stimulus measures aimed at placating voters. This time round, ahead of March's local body elections, there's little available to help woo voters. Which means the long-time leader is going to have to get smart, working with what he has to court much-needed votes.
Read More2019-February-07
Turkey to use social media to attract touristsTurkey’s Culture and Tourism Minister, Mehmet Nuri Ersoy has announced Turkey will use new strategies on social media that will be implemented to increase tourism revenues in the country and claim a bigger share of the global tourism sector.
Read More2019-January-29
Turkish economy due a "soft landing", says finance ministerTurkey's finance minister Berat Albayrak has reassured Turks and anyone seeking to invest in Turkey that any slowdown is part of a well-managed strategy to steer Turkey's economy into a more sustainable growth. However, as part of this "period of balance" the economy is set to slow before picking up again, and this year's growth is set at a cautious 2.3 percent.
Read More2019-January-22
Qataris discover Turkish products in trade boomThanks to a blockade by its neighbours, Qataris are turning to Turkish products in higher numbers than ever. Trade between Qatar and Turkey has never been better. Trade between the two countries topped $2 billion last year, a 54 percent leap over the previous year, said a Turkish official.
Read More2019-January-16
2018 was a record-smashing year for Antalya tourismAntalya, on Turkey's Mediterranean coast, is going from strength to strength. More than 13 million visitors arrived in the city last year, and this year's set to be even better, with the city off to a flying start. It's little wonder this beguiling city, with its easy connections opening up a world of cobbled streets, sandy beaches and leisure activities, is gaining such attention amongst visitors.
Read More2018-December-12
How to celebrate Christmas in Turkey this seasonIn Turkey for the season? Celebrating Christmas in a non Christmas-celebrating country doesn't have to be low key. Here's the lowdown on the Christmas events happening in the country's expat hotspots. Join others in song, pick up gifts at a Christmas market, or enjoy a traditional Christmas meal with lashings of gravy in Fethiye, Bodrum and Istanbul.
Read More2018-December-04
Turkish property sales soarProperty sales to foreigners have grown just about every year. This year, they're looking particularly healthy. With government incentives such as lowering the minimum investment amount for citizenship, and the lower lira enticing buyers from the Middle East, property sales were boosted by 134 percent in October.
Read More2018-November-28
Turkey shapes up for a bumper ski seasonWhen the weather outside is frightful - and in Turkey, this is only for a short time - the skiing is delightful. Occupancy rates are hitting new highs in Turkey's ski areas as the the ski season gets underway. Foreigners and domestic tourists are pushing numbers up in prominent ski resorts like Uludag.
Read More2018-November-20
Turkey rolls back foreign currency restrictionsIn September, in a bid to shore up the falling Turkish Lira, the Turkish government ruled that all property sales, rental contracts and leases must be made in Turkish lira. Now, they've rolled back restrictions, loosening the rules for foreign property buyers.
Read More2018-November-14
"The bad days are over" for economy — finance ministerFear not: Turkey's economy is back on track, says the country's finance minister Berat Albaryak. The country's in better shape than it was two months ago, and that's set to improve by the year end. The next task for the government is tackling record inflation levels, and in the longer term, structural reforms will turn Turkey into a prosperous production economy, he said.
Read More2018-October-31
Istanbul''s new airport is OPEN. Here's what you should knowIt's been years in the making, with billions spent. Now Istanbul's new airport is open - its first phase, anyway. Explore the ambitious megaproject that is the size of Leicester, and discover the numbers that went in to building the airport set to become the most-visited on the planet.
Read More2018-October-24
Turkey is vital to China's One Belt, One Road planChina's One Belt, One Road initiative is an ambitious, multi-billion dollar plan to connect the old Silk Road route. Its position between Asia and Europe means Turkey is vital to the plan, say Chinese officials. The trade route that was once disestablished by the Portuguese and Dutch traders will breathe new life into the Anatolian region and beyond.
Read More2018-October-18
Lira strengthens, inflation set for downward trendTurkey's lira has lost 45% of its value since the start of the year. However, it looks like there's a light at the end of the tunnel as relations between the US and Turkey normalise. This has prompted the lira to rally against the dollar. Investor confidence is climbing, and inflation is set to decline.
Read More2018-October-04
Low lira puts spotlight on Turkey's mansionsWith just 600 Bosphorus mansions in existence, its little wonder they rarely come on the market. But now, with the low lira pushing foreign interest in Turkish real estate to a peak, owners of these iconic buildings are selling up. However, few are ever listed online, and if you're on the lookout for a Bosphorus yali, you have to be in the know, explains Cameron Deggin.
Read More2018-September-26
Despite warnings, More Americans are visiting TurkeyTensions between the US and Turkey have helped to contribute to Turkey's current low-lira situation, and Turkey is currently listed as an advisory level 3 warning by the US State Department. But despite this, there's been a significant rise in the number of Americans visiting Turkey, taking advantage of the low lira to have affordable luxury holidays.
Read More2018-September-20
Now, $250,000 gets you a property AND a Turkish passportThe government has slashed the amount of required real estate spend for citizenship in Turkey, allowing more people than ever to consider getting Turkish citizenship. Property Turkey director Cameron Deggin said the move would precipitate a surge of interest in Turkey and buying Turkish property.
Read More2018-September-18
Property transactions must be made in lira - ErdoganThe Turkish government is working hard to boost the lira, with interest rate hikes and encouraging Turks to sell their dollars. Now, Erdogan has announced that all property transactions must be completed in the Turkish currency. Property Turkey director Cameron Deggin explains why this presents a window of opportunity for buyers.
Read More2018-September-14
Turkish Central Bank raises rates in shock moveErdogan has always opposed interest rate hikes, saying they raise inflation. However, in a show of independence, the Central Bank has done just that, in a move to bolster the ailing lira. The move is expected to raise investor confidence. Erdogan continues to oppose the move, but it's thought he might have been pressured to bow to investors.
Read More2018-September-12
Antalya marches towards record-breaking yearAntalya's beaches and city streets thronged with visitors this summer. For locals, it was a welcome change after two fallow years where tourist numbers dwindled. The southern region has long been popular with Russian and German visitors, who make up a large share of the 14 million expected visitors arriving in the city this year.
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