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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. 

 
WHO: Life expectancy extended in Türkiye to 78.6 years

2024-March-15

WHO: Life expectancy extended in Türkiye to 78.6 years

The World Health Organization (WHO) has released a report stating that the average life expectancy in Turkey has risen to 78.6 years. This marks a significant increase from previous years. The report revealed that women in Turkey have a life expectancy of 81.3 years, while men have a life expectancy of 75.9 years.

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Saudi Arabia eases visa process for Turkish Citizens

2024-March-15

Saudi Arabia eases visa process for Turkish Citizens

In a statement released on Tuesday, the Saudi Tourism Ministry revealed that it has extended its e-visa program to six additional countries, allowing nationals from those nations to apply for visas online before travelling. The move is part of a broader effort to encourage tourism in Saudi Arabia and make it easier for nationals from selected countries to enter.

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Investment opportunities in Turkey: New Technologies and R&D

2024-February-08

Investment opportunities in Turkey: New Technologies and R&D

Positioned as a dynamic and progressive nation, Turkey has continually directed substantial investments towards its burgeoning technology sector over the years. From an initial industrial export value of $20 billion in the early 2000s, Turkey has remarkably surged, expanding its industrial exports exponentially to a formidable $200 billion.

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The Norwegian Wealth Fund’s investment in Turkey

2024-February-02

The Norwegian Wealth Fund’s investment in Turkey

Throughout the 2000s, the commercial relationship between Turkey and Norway has experienced a significant upswing, marked by a robust expansion in mutual foreign trade. This upward trajectory reached a noteworthy milestone in 2008 when the bilateral trade volume surpassed the 1 billion-dollar mark for the first time.

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1,000 Swiss-backed companies now operating in Turkey

2024-January-30

1,000 Swiss-backed companies now operating in Turkey

In the dynamic landscape of global economic collaborations, the bilateral relationship between Switzerland and Turkey has witnessed significant growth over the years. As of the latest data provided by the Central Bank, approximately 1,000 companies backed by Swiss capital are actively contributing to Turkey's economic landscape.

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SunExpress added more than 2,000 flights due to demand

2024-January-22

SunExpress added more than 2,000 flights due to demand

SunExpress increased capacity and added over 2,000 flights to Turkey to meet strong demand during the longer 2023 tourism season. This helped the carrier exceed its passenger target for total numbers in 2023. CEO, Max Kownatzki, told reporters that SunExpress flew almost 10 million passengers from January to September, an all-time high.

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Turkey to develop school-based performance evaluation system

2024-January-22

Turkey to develop school-based performance evaluation system

Turkey recently announced the "12th Development Plan" – which will be a school performance evaluation process. The main aim is to assess where there could be limited progress being made by pupils in schools that have displayed diminished levels in terms of development, so that suitable action can be taken.

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Record income as number of foreign visitors soar

2024-January-17

Record income as number of foreign visitors soar

According to official figures recently released, Turkey's tourist industry generated an all-time high revenue in the third quarter of 2023 thanks to a spike in international arrivals. This indicates that the country is almost certain to surpass its record year-end targets.

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Turkey welcomes more than one million cruise passengers

2024-January-17

Turkey welcomes more than one million cruise passengers

Official data indicates that in the first nine months of last year, the number of passengers arriving in Turkey via cruise ships exceeded one million, confirming the robust tourism season that is expected to conclude at a new all-time high.

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US a significant player in Turkey’s economic growth

2024-January-16

US a significant player in Turkey’s economic growth

United States remains a significant player in Turkey's economic growth, ranking as the second-largest investing country with a substantial $1.1 billion investment in 2021. Data provided by the Investment Office of the Presidency of the Republic of Turkey highlights a noteworthy 87% increase in foreign direct investment (FDI) inflows to Turkey during the first 11 months of 2021.

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China now Turkey’s third largest trade partner

2024-January-16

China now Turkey’s third largest trade partner

In a significant economic milestone, the trade cooperation between China and Turkey has surged to $23.6 billion, positioning China as Turkey's third-largest trade partner, following Russia and Germany. The noteworthy increase in Chinese investments in Turkey, reaching an impressive 120%, underscores the strengthening economic ties between the two nations.

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South Korea’s role in the Turkish economic landscape

2024-January-11

South Korea’s role in the Turkish economic landscape

Over the period spanning from 2002 to August 2023, South Korea has played a pivotal role in Turkey's economic landscape through Foreign Direct Investment (FDI). Official figures report a noteworthy FDI amounting to 1.4 billion USD during this period, marking a substantial contribution to the Turkish economy.

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257 Japanese companies now operating in Turkey

2024-January-11

257 Japanese companies now operating in Turkey

In recent years, the economic collaboration between Japan and Turkey has reached new heights, exemplified by the presence of 257 Japanese companies operating in Turkey, and reciprocally, four Turkish companies making their mark in Japan.

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Increasing UK investments in Turkey

2024-January-04

Increasing UK investments in Turkey

In the year 2021, the United Kingdom invested a substantial £8.9 billion in Turkey, marking a noteworthy increase of £1.8 billion compared to the previous year, 2020. This surge reflects a 25.6% growth in the UK's Foreign Direct Investment (FDI) stock in Turkey.

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Spain invests $11 billion in Turkey over ten years

2024-January-04

Spain invests $11 billion in Turkey over ten years

In the dynamic landscape of international business, Spanish foreign direct investment (FDI) has significantly contributed to Turkey's economic growth, with a remarkable total of $11 billion USD pouring into the country over the past decade. This substantial inflow underscores the robust economic ties between Spain and Turkey, fostering a mutually beneficial relationship.

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Turkey lifts visa requirements for six countries

2023-December-29

Turkey lifts visa requirements for six countries

Announced in the country’s Official Gazette on Saturday in a presidential decree, Turkey has lifted visa requirements for citizens of six new countries including the United States, Canada, the United Arab Emirates, Saudi Arabia, Bahrain, and Oman.

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$62.5 billion FDI in Turkish Real Estate since 2003

2023-December-28

$62.5 billion FDI in Turkish Real Estate since 2003

Since 2003, Turkey has emerged as a formidable force in the global investment landscape, securing nearly USD 240 billion in Foreign Direct Investment (FDI). Notably, a substantial portion of this influx, totalling USD 62.5 billion, has found its way into Turkey’s dynamic real estate industry.

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EV charging points exceed 8,800 in Turkey

2023-November-01

EV charging points exceed 8,800 in Turkey

Turkey's efforts to promote the adoption of electric vehicles (EVs) have been gaining momentum. Mustafa Yılmaz, the head of Turkey's Energy Market Regulatory Authority (EPDK), announced that the total number of charging points in the country has exceeded 8,800 and is growing at an impressive pace.

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Reservations begin for Turkey's Eastern Express for December

2023-November-01

Reservations begin for Turkey's Eastern Express for December

The Turkish Ministry of Transportation and Infrastructure has recently announced an exciting news for train enthusiasts and nature lovers alike. The "Touristic Eastern Express" on the Ankara-Kars route, which is considered one of the most breathtaking train routes in the world, will now be available three times a week starting from December.

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Tourism in Cappadocia hits record highs

2023-October-30

Tourism in Cappadocia hits record highs

Cappadocia, a region located in central Turkey, is a fascinating destination that offers a unique blend of natural beauty, history, and culture. In the period from January to September, museums and archaeological sites in Cappadocia hosted 3,053,827 visitors, up from 2,544,909 visitors in the same period in 2022.

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