Property Turkey News
2018-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.
Read More2018-September-06
'Time to invest in Turkey', says US investment guruJim Rogers has always had vision. The investor, businessman and author has had a long money-making career and is well qualified to comment on the economic factors shaping the future of the globe. Now, he's saying the US should drop its sanctions against Turkey - and invest in the country instead.
Read More2018-August-28
After two slow years, Turkish tourism is back on topTourists are back. Thronging in the streets, lounging on beaches, lining up at city malls, visitor numbers to Turkey are at peak levels. Helped along by the low, low lira, which makes goods and services cheaper than ever, and a rebound after a couple of bad years, 2018 looks to be a stellar year for Turkish tourism.
Read More2018-August-16
'Simply incredible': property enquiries triple amidst lira dropEnquiries are flooding in from people all over the world looking to take advantage of the lira, which has reached a record low, and buy investment properties in Turkey. Property Turkey director Cameron Deggin says he made five online sales yesterday, an unprecedented number, and an indication that the sweet spot to invest is now.
Read More2018-August-08
Brits flock to Turkey as lira reaches new lowTourism's back on the map in Turkey, helped along by a low lira, which means a low-cost holiday for Brits looking for ways to spend a failing pound. Numbers of domestic tourists are also on the rise, with more Turks than ever before holidaying in their own country.
Read More2018-July-31
Athletic Antalya: sports big business in southern citySports tourism is booming in Turkey, especially in the Mediterranean city of Antalya, a popular spot for sports teams and events. Investment in infrastructure and facilities means Turkey's share of the $200bn global sports tourism share will rise to $1bn this year, and as for the future: it's nothing but net for Turkey.
Read More2018-July-26
Turkey's economy is stable, says new finance ministerTurkey's new finance minister is also President Erdogan's son-in-law, and the relationship leaves investors wondering whether Berat Albayrak will go his own way, or follow his father-in-law's stance on opposing Central Bank interest rate hikes. Albayrak has recently commented that Turkey's economy is strong and stable.
Read More2018-July-13
Can Turkey benefit from the US-China trade war?In March, the US President announced 25 percent tariffs on imported steel and iron, causing China to retaliate with its own tariffs. The tariffs are likely to effect most world economies, but experts say Turkey can find a way to mitigate or even profit from the current circumstances by setting up US industrial zones and expanding into new markets.
Read More2018-July-05
50m visitors by 2023? Turkey's tourism strategyFifty million visitors by 2023 is an ambitious goal. But the Turkish government is confident it's reachable. Turkey's foreign minister recently reiterated the ambitious target, which would see tourist numbers increase by some 20 million in just five years. We look at the ways Turkey is planning to attract new markets and bolster existing ties.
Read More2018-June-27
Erdogan's victory assures Turkey's economic futureErdogan has cinched a victory in Turkey, with the president gaining a clear win over his opposition candidate, and his AK Party forming a majority coalition with its ally, MHP. Although Erdogan's majority has slipped, his continued rule means the country's economic future is secured, good news for anyone looking to invest in Turkey.
Read More2018-June-17
Turkey's first-quarter growth defies expectationsTurkey's economy expanded by 7.4% in the first quarter of the year, a result that's being lauded as a positive indication for annual growth, as well as an incentive for foreign investors looking to invest in Turkey's property, energy and industry sectors, which have overtaken service sectors to become the country's most targeted.
Read More2018-June-14
Turkish election too close to call, poll showsIn ten days, Turks will head to the polls. What happens after that is the cause for much debate. Will Erdogan's ruling AK Party coalition manage to hold onto its majority? Or are we due to see change in the form of populist CHP leader Muharrem Ince? Whatever happens, it's clear: Erdogan's hold on power is not what it once was.
Read More2018-June-04
New flights to Bodrum an industry ‘game changer’The announcement from Turkish Airlines that direct flights are now operating between London Gatwick and Bodrum Milas Airport has been met with excitement from Turkey's tourist industry. Formerly served by charter flights, Bodrum's links with the outside world are now stronger than ever, pushing property prices higher and bolstering the local economy.
Read More2018-May-31
Tourists flock to Antalya, holiday sales upTourist numbers are looking healthy again in Turkey. The first five months of the year saw an increase in 700,000 tourists travelling to the southern city of Antalya. It's great news for the local economy and for anyone working in the tourism industry. The province is aiming for a total of 14 million tourists this year.
Read More2018-May-24
Teeing off: golf tourism rebounds in TurkeyGolf is once again at the fore in Turkey, with record numbers of games expected to be played before the year's end. The country is once again on the tournament map, with international and local professionals set to play in golfing centre Belek, as well as Samsun, on the country's Black Sea.
Read More2018-May-15
'Stunning' air traffic figures cement Istanbul's investment statusA reported jump of 21.5 percent in the number of passengers travelling to Istanbul's Ataturk Airport is not only due to tourism, claims Property Turkey director Cameron Deggin. Istanbul's status as a global property investment hub has never been more assured, with investors from the Middle East queuing for investment property in the city's regenerating areas.
Read More2018-May-07
Cruise ships sailing back into Turkey’s ports.Over the last couple of years, cruise ship passenger numbers have fallen along with overall tourist numbers. However, the future is once again looking bright as cruise operators once again add popular destinations like Kusadasi, Istanbul and Bodrum into their itineraries.
Read More2018-April-30
Azerbaijan to become Turkey's largest investor - ErdoganA pipeline which will transport 16 billion cubic metres of natural gas from the Caspian Sea to Europe by way of Turkey is set to transform Turkey's fortunes, as well as its relationship with neighbouring Azerbaijan. Azerbaijan's rich reserves of natural gas are set to be transported to Europe through Turkey, helping secure Turkey's own energy future.
Read More2018-April-22
Early election prompts urgency in Turkish property marketPresident Erdogan's announcement of an early election boosted the markets, sending the lira higher. It's likely he'll lead a landslide victory, which will herald stability and growth for Turkey. The news has prompted urgency among property investors looking to beat the post-election lira's inevitable upward climb.
Read More2018-April-15
Migration to Istanbul fuels new property boomMore than 400,000 people moved to Istanbul last year, putting pressure on the municipality to provide more homes and better infrastructure. The rise is due to a rising middle class and increasingly educated population moving to the city in search of work, and it's having a knock-on effect on Turkish home ownership.
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