2017-October-18

The flow of foreign direct investment coming into Turkey has remained strong through the last fifteen years. Weathering political storms and economic upsets, it's grown steadily each year. However, a Turkish investment expert says Turkey can do better, and explains why he thinks Turkey's potential remains barely tapped.

2017-October-10

The US and Turkey have suspended visas for the citizens of each other's countries, following a diplomatic spat in which a US consulate worker was arrested. The countries are NATO allies and major trading partners are waiting to come to an agreement. Erdogan has called the move "upsetting".

2017-October-02

A wide-reaching economic plan to transform Turkey's fortunes over the next two years was unveiled last week. Deputy PM Mehmet Simsek announced several targets, including lowering inflation, raising living standards, fostering growth and raising taxes. The measures will have impact on property prices as investors take advantage of favourable growth rates.

2017-September-24

Trade has resumed between Russia and Turkey - with the exception of the humble tomato. With the warming of relations between the two countries there is now an ambitious new target: $100bn bilateral trade. In 2015, the volume of trade reached $34bn, and officials believe this number will be surpassed within a few years.

2017-September-19

Norwegians are angry about the lack of flights between their country and Turkey - and they're speaking out about it on social media. A campaign under the hashtag £JaJegReiser has gone viral, with many people adding their support for more flights and lower prices to their favourite summer holiday destination. 

2017-September-13

More than half a million Gulf tourists have visited Turkey's Black Sea region this summer. Attracted by the cooler climes and green valleys of destinations like Trabzon, Gulf tourists are coming in droves - and spending up large, changing the face of the beautiful northern region.

2017-August-25

Property sales and tourism have both risen dramatically this year after a less-than-stellar 2016. July saw a 65 percent increase in the number of properties sold to foreign buyers, while tourism across all areas is up, particularly in Antalya, where more visitors have arrived to date than during the entirety of 2016.

2017-August-14

Foreign direct investment in Turkey is up significantly, with a 50% increase on 2016. President Erdogan says this is proof that recent political tensions have not affected economic ties between Turkey and the European countries who stand much to gain from investing in Turkey. Turkey's Deputy PM has also announced measures to cut red tape for foreign investors.

2017-August-09

Always looking for ways to improve income after two years which saw takings drop considerably, Turkey's hoteliers are asking the government to consider extending the Eid holiday to allow them to take advantage of the revenue that comes from the full occupancy Eid typically brings.

2017-July-19

An agreement between Ankara and Kyiv allowing citizens of each country to visit the other without passports is set to increase the flow of visitors between Turkey and Ukraine. Three quarters of a million Ukrainian tourists are set to visit Antalya alone this year, a rise of around 45 percent on the previous year. In other news, hotel occupancy rates across Turkey are up - although revenues are down.

2017-July-10

Reforms and tax cuts are pushing economic growth in Turkey and stalling inflation in a bid to revitalise Turkey's economy. Growth is expected to be greater than 5 percent this year, and next year experts are hoping it tops 7 percent. At the top of the list are efforts to stall inflation, and a 180-day plan to kickstart the economy.

2017-June-08

Thanks to government reforms which include an offer of citizenship with a $1m property purchase, and the scrapping of VAT, Turkey is more popular than ever with Gulf buyers, who are increasingly turning to Istanbul for lifestyle and investment properties. Cameron Deggin of Property Turkey says the trend should continue as Turkey's economy strengthens.

2017-June-05

Istanbul New Airport is almost halfway there, says Turkey's Transport Minister. The behemoth project is on track for the first phase of completion next year, at which point it'll have the capacity to serve 90 million annual passengers. The construction is well underway, and with the first stage being almost twice the size of Monaco, you can appreciate the size and scale of the megaproject. 

2017-May-30

A huge rise in the number of Russian visitor numbers to Turkey pushed April visitor numbers up by 20%, resulting in an overall 1% increase in visitor numbers to Turkey in the first four months of the year. April marked the first time in 20 months that tourist numbers to Turkey rose. Analysts think momentum should increase as Turkey puts its instability behind it.

2017-May-22

A number of government measures aiming to increase the number of buyers investing in Turkish property have been introduced in the last year or so. Tax cuts and incentives like offering Turkish citizenship to buyers spending more than $1m on Turkish property are helping to transform the property investment landscape in Turkey.

2017-May-08

The last quarter saw a rise in hotel occupancy rates, a good sign that tourism is on the rebound. However, revenue is down as hoteliers struggle to entice visitors. Meanwhile, visitor numbers from the Middle East are up, while the tourist industry is trying to persuade Turks who'd usually travel abroad to stay at home and travel within the country this year.

2017-May-02

Turkey and India are in talks to increase trade between the two countries, with Turkish president Erdogan saying the current $6.5 million trade could reach $10 billion with increased investment on either side. Meanwhile, the southern city of Antalya is aiming to promote itself as an Indian tourism venue - with a focus on weddings.

2017-April-24

Turkey's back on track, say analysts, after a record-breaking run on Istanbul's BORSA exchange. Companies traded on the BORSA reached record-level market values, thanks to a flood of investors who'd waited until after post-referendum political tumult died down to invest in Turkey. Analysts say the long-anticipated structural reforms will have a positive impact on the future of the country's economy.

2017-April-17

After hard campaigning, President Erdogan has won his victory, with just over half of Turkey's voters approving the sweeping constitutional changes that will see Erdogan take the helm of an executive presidency. However, the country's largest cities voted no, leaving the country polarised. What's in store for Turkey following the referendum?

2017-April-11

Turkey´s economy is performing better than expected, prompting rating agency Moody´s to revise its 2.2 percent growth forecast to 2.9 percent. Meanwhile, Russian tourist numbers visiting Antalya have climbed by thousands as tourists return following an improvement in relations between Turkey and Russia. 

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