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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. 

 
UberBOAT, Rescued baby, and seagulls in Istanbul

2015-July-05

UberBOAT, Rescued baby, and seagulls in Istanbul

Taxi service Uber is launching on the Bosporus, hoping to take advantage of the road congestion; a dramatic rescue in the Aegean Sea saw a 10-month-old baby plucked from the water after drifting out to sea in an inflatable device; Russians are going missing in Antalya, one still remains lost; a seagull caused a serious motorway pile up in Istanbul; a man who has been listed as “dead” since 2004 finally proves he’s in fact alive; and coalition talks are set to begin, with a deadline of 45 days given by President Erdogan.

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Turkey property news: foreigners at an all-time high

2015-June-29

Turkey property news: foreigners at an all-time high

Bodrum Mayor declares that 25,000 Bodrum homes built before the 90s are in need of renovation, and that the resort town is too important a destination to neglect the poor quality homes; property purchases throughout Turkey have risen year-on-year from 2014, with Istanbul and Antalya charging out in front; and Antalya is currently number one for foreign home ownership, followed by the Mugla region and then Istanbul.

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Tourism round up: Arab tourists on the rise

2015-June-22

Tourism round up: Arab tourists on the rise

In the latest tourism news from Turkey: The number of Arab visitors travelling to Istanbul is rising, while Western numbers dropped slightly; Turkish Airlines has been recognised as the fourth best global airline; Istanbul’s third airport one step closer thanks to Russian loan; Chinese tour operators ask Antalya deputy governor for a Buddhist temple; Turkey adds to its Blue Flag beach catalogue, with 39 new beaches added this year; report finds that 12 percent of Turkey’s GDP is generated by travel and tourism.

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Economy safe under coalition: Turkey economic news

2015-June-17

Economy safe under coalition: Turkey economic news

All the latest economic news from Turkey: Turkey’s economy will be safe under a coalition, according to financial analysts; Economic performance in the first quarter of the year has exceeded all expectations, giving hope to increased performance for the second quarter; G20 countries work towards their goals of increasing global growth, and a G20 official emphasises the importance of Islamic finance; Akbank becomes Turkey’s most valuable brand, beating last year’s first place holder, Turk Telecom.

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Edgy Erdogan, women MPs and drunken Kate Moss

2015-June-15

Edgy Erdogan, women MPs and drunken Kate Moss

The latest news from Turkey this week: Erdogan urges speedy formation of new government; Supermodel Kate Moss is escorted off an Easyjet aeroplane after drunken behaviour on a Bodrum to London flight; Turkey and US make a good team against ISIL, says US State Department spokesperson; there are more women MPs in Turkish parliament than last term; and a Gezi Park tear gas-toting policeman has been ordered to plant trees by an Istanbul court.

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Turkish elector says one minute to Erdogan

2015-June-08

Turkish elector says one minute to Erdogan

The people have spoken. The AKP supermajority is no more and the ruling party will be looking to form a coalition government over the next few days. Many former AKP voters, dissatisfied with AKP’s increasingly autocratic rule and concerned about Erdogan’s ambitions for an executive presidency, turned to other parties, including the pro-Kurdish HDP, who have made a historic entry to parliament after topping the 10 percent threshold. Propertyturkey.com director Cameron Deggin says the results are positive for Turks - and for the country’s future economy.

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News round up: Erdogan, Elections, cars and jets

2015-June-02

News round up: Erdogan, Elections, cars and jets

News this week: Erdogan challenges a rival to find the golden toilet that’s rumoured to be in his 1000-room palace; the election on Sunday will be the hardest to predict yet, says deputy PM; Erdogan likens his rule to the conquest of Istanbul, 562 years ago, as Turks gather in Istanbul to celebrate the conquest; a manmade peninsula in upmarket Atakoy aims to address the lack of space for new construction in the Istanbul hotspot; and Turkish-made cars, jets and passenger airliners will all be a reality this decade.

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Investment news round up - Banks, Economy, and Real Estate

2015-May-25

Investment news round up - Banks, Economy, and Real Estate

We bring you a summary of the latest investment news from Turkey. The European Investment Bank is to invest a record 2.5 billion Euros in Turkey, concentrating on infrastructure, healthcare and SMEs; Bosch announce further investment in their Turkish divisions. The Turkish arm of Bosch is the fifth largest in the world. Siemens CEO announces Turkey’s future as “bright”; and a Saudi fund is to invest US$750 million in Turkish property.

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News round up: what’s going on in Turkey?

2015-May-21

News round up: what’s going on in Turkey?

We bring you the latest news from Turkey. This week: Turkey plans to increase its Council of Europe contribution; the EU and Turkey agree to expand the customs union; Turkey vows to grow its alliance with NATO following the meeting in Antalya; a new trend of hair transplants in Turkey is caused by metrosexuality, according to a physician; healthcare in Turkey is big business; and a selfie-snapping statue is vandalised in the Northern Turkish city of Amasya.

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Turkey's future in the balance as country gears up for election

2015-May-21

Turkey's future in the balance as country gears up for election

Turkey's general election at the beginning of June is shaping up to be a game changer for the country. With dissatisfaction with the ruling party AKP at an all time high, and the economy facing problems, voters are looking for alternatives. Like with the UK election and the Scottish National Party, an outsider is creating a stir. Pro-Kurdish party HDP is the outsider that is appealing to ethnic minorities and left-wing voters. Let's examine the main players - and the possible outcomes of the election.

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Turkey tourism round up

2015-May-12

Turkey tourism round up

↵All the latest tourism news coming out of Turkey regarding everything to do with the tourism industry, including Turkey’s role as “powerhouse” in tourism praised ahead of G20 meeting in Antalya, as well as great news coming out from Turkish Airlines for those seeking more options for flights, and finally a look at some fascinating areas to visit for tourists this summer with all the statistics and information to help you decide where you will be heading in Turkey with the family this summer. Our round up of Turkish news for May 2015. ​

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Botched mosaic restoration makes laughing stock of Turkish museum

2015-May-05

Botched mosaic restoration makes laughing stock of Turkish museum

A museum in Turkey’s south, famous for its huge collection of Roman mosaics, has become famous for another reason: the terrible restoration of some of its ancient works. Stones of different colours and shapes have replaced the original stones in some of the works, rendering the facial expressions on the artwork unrecognisable. The craftsman who took before and after pictures of the works said they have become “a caricature”. Work at the museum has been suspended.

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Near death experience leads to nail-biting cliff rescue in Fethiye

2015-May-04

Near death experience leads to nail-biting cliff rescue in Fethiye

A simple day out became a terrifying ordeal for a British father and son when a quad bike rolled off a cliff face, resulting in a 20-metre plunge for 52-year-old Gareth Soden, followed by a two-hour rescue that involved a dash to find help and two rescue teams and the fire brigade, who carried out an incredible cliff-face recovery and medical intervention.

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“Stupid blonde” comment fires up social media

2015-May-03

“Stupid blonde” comment fires up social media

Famously cantankerous Ankara Mayor Melih Gokcek has come under fire for tweeting comments calling a US State Department official a "stupid blonde", accusing her of silence over the ongoing protests in Baltimore. The Mayor, who is quick to lash out at opponents on Twitter, and in some cases even opening lawsuits against them, has been accused of hypocrisy.

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Erdogan determined to consolidate ties with Kuwait

2015-April-30

Erdogan determined to consolidate ties with Kuwait

The Turkish President visited Kuwait this week to discuss the relationship between Turkey and Kuwait and sign an agreement bolstering ties between the two countries. While in the Gulf nation, Erdogan spoke to potential investors and outlined the benefits of investing in Turkey, a country already popular with Kuwaiti tourists. Kuwaitis are increasingly buying property in Turkey, especially in Istanbul, and Erdogan mentioned the government initiatives that are making it easier for citizens of the Gulf nation to do so.

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The sky’s the limit for Istanbul property prices

2015-April-29

The sky’s the limit for Istanbul property prices

Istanbul continues to shine in its position as Turkey’s prime property hotspot. Property prices rose by 20 percent over the same period last year, with real estate in prestigious and central Besiktas taking pole position and Saliyer close behind. Real estate in Istanbul’s cheapest neighbourhoods also rose in value. Antalya, on the Mediterranean coastline, was the second choice of buyers.

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Mark Cavendish two for two on second day of Tour of Turkey

2015-April-28

Mark Cavendish two for two on second day of Tour of Turkey

Manxman Mark Cavendish is the current leader in this year’s Tour of Turkey cycling race – but the arduous course might shake up the order a little as cyclists head for the mountains. Cavendish, whose fall in last year’s Tour de France dashed his hopes for the world’s most famous cycling race, is on top form in Turkey. The event is being broadcast live, and is shaping up to be a thrilling race.

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Hope for Cyprus

2015-April-22

Hope for Cyprus

With support from Turkey and the United States, and a potential new government for Northern Cyprus, this might just be the year the island reunifies. US Secretary of State John Kerry has expressed his support for talks this year, saying that a reunified Cyprus would be a huge boost for the region. Elections are currently being held in Northern Cyprus, and political commentators believe that a new moderate government will further help facilitate change by working closely with Greek Cypriots to find a mutual solution.

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Turkish Airlines soaring high

2015-April-16

Turkish Airlines soaring high

Turkey's national airline has announced an increase of passengers for the first quarter of the year. Passenger numbers have risen by 6.5 percent over the same period in 2014. Turkish Airlines has also added a new route to San Francisco, as well as more daily flights to Budapest.

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Claire Sweeney in “the biggest scam in Turkey"

2015-April-14

Claire Sweeney in “the biggest scam in Turkey"

News this week came out that celebrity Claire Sweeney is trying to sell her property in Turkey at half the price she paid for it eight years ago due to bad investment with what is commonly called the biggest scam in Turkey with Parador Properties. We take a look at why Claire and many others chose Parador and what exactly happened, and how that has changed the property market in Bodrum today. 

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