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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. 

 
Qatari Tycoon invests 200 million USD in Kocatas Mansion

2019-February-17

Qatari Tycoon invests 200 million USD in Kocatas Mansion

Twenty 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.

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Erdogan massages Turkish economy ahead of polls

2019-February-08

Erdogan massages Turkish economy ahead of polls

Before 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.

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Turkey to use social media to attract tourists

2019-February-07

Turkey to use social media to attract tourists

Turkey’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.

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Turkish economy due a "soft landing", says finance minister

2019-January-29

Turkish economy due a "soft landing", says finance minister

Turkey'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.

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Qataris discover Turkish products in trade boom

2019-January-22

Qataris discover Turkish products in trade boom

Thanks 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.

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2018 was a record-smashing year for Antalya tourism

2019-January-16

2018 was a record-smashing year for Antalya tourism

Antalya, 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.

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How to celebrate Christmas in Turkey this season

2018-December-12

How to celebrate Christmas in Turkey this season

In 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. 

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Turkish property sales soar

2018-December-04

Turkish property sales soar

Property 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.

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Turkey shapes up for a bumper ski season

2018-November-28

Turkey shapes up for a bumper ski season

When 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.

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Turkey rolls back foreign currency restrictions

2018-November-20

Turkey rolls back foreign currency restrictions

In 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.

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"The bad days are over" for economy — finance minister

2018-November-14

"The bad days are over" for economy — finance minister

Fear 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.

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Istanbul''s new airport is OPEN. Here's what you should know

2018-October-31

Istanbul''s new airport is OPEN. Here's what you should know

It'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.

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Turkey is vital to China's One Belt, One Road plan

2018-October-24

Turkey is vital to China's One Belt, One Road plan

China'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.

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Lira strengthens, inflation set for downward trend

2018-October-18

Lira strengthens, inflation set for downward trend

Turkey'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.

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Low lira puts spotlight on Turkey's mansions

2018-October-04

Low lira puts spotlight on Turkey's mansions

With 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.

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Despite warnings, More Americans are visiting Turkey

2018-September-26

Despite warnings, More Americans are visiting Turkey

Tensions 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.

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Now, $250,000 gets you a property AND a Turkish passport

2018-September-20

Now, $250,000 gets you a property AND a Turkish passport

The 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.

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Property transactions must be made in lira - Erdogan

2018-September-18

Property transactions must be made in lira - Erdogan

The 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.

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Turkish Central Bank raises rates in shock move

2018-September-14

Turkish Central Bank raises rates in shock move

Erdogan 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.

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Antalya marches towards record-breaking year

2018-September-12

Antalya marches towards record-breaking year

Antalya'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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