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Foreign buyers invest almost double 2016’s figure last year

Foreign buyers invest almost double 2016’s figure last year

Turkey’s “sun, sea and oxygen” have been cited as one of the reasons for improved real estate sales last year, which saw twice as much spent by foreigners buying properties in Turkey as in 2016. British home owners lead in property ownership in Turkey, although Middle Eastern buyers are snapping up Turkish properties at an increasing rate.

05 April 2018

Turkey still one of the world’s fastest growing economies

Turkey still one of the world’s fastest growing economies

Turkey’s growth is set to continue, as exports grow by almost 13 percent to $159bn, tourism revenues predicted to reach $30bn this year and fiscal stimulus continuing to give the economy a much-needed shake up. However with growth still tied somewhat to Europe’s, there’s room for caution in the positive figures as the EU economy is expected to slow in 2018 and 2019.

27 March 2018

Ryanair announces flights to Turkey

Ryanair announces flights to Turkey

Who doesn't love a budget flight to a warmer clime? Ryanair is now offering two flights from Dublin and Bratislava to Dalaman. The Irish budget carrier is going through a period of growth and expansion, and Turkey's resurgence in tourist numbers has caught the attention of newly-minted billionaire Michael O'Leary, Ryanair's CEO.

20 March 2018

Turkey's air traffic climbs by 11pc

Turkey's air traffic climbs by 11pc

With 192 passengers travelling through Turkey's airports last year, the country seems well on the road to tourist recovery. Istanbul, which processes around half of the country's passengers, experienced positive growth, but it was Antalya's southern city airport that really stole the show.

11 March 2018

Amazon firms up plans for Turkish expansion

Amazon firms up plans for Turkish expansion

E-commerce giant Amazon is finally moving into Turkey, with representatives of the online retailer looking for warehouse space in central Istanbul. The Turkish e-commerce market is worth $8bn a year, and with experts saying this figure should rise by a third this year, it's little wonder the global company is so keen to take advantage of Turkey's move into the digital shopping revolution.

06 March 2018

Flow of money into Turkey topped $10 billion in 2017

Flow of money into Turkey topped $10 billion in 2017

The Turkish government is working to improve the economy, with new measures aimed at increasing investment and providing jobs for Turks. Last year, the country attracted almost $11 billion in investment, with a large proportion of that coming from the EU. Officials are hopeful that this year will see an improvement on this figure as they continue to roll out incentives for investors.

25 February 2018

Spain’s loss is Turkey’s tourist gain

Spain’s loss is Turkey’s tourist gain

Tour operators say Turkey’s stable prices are attracting tourists from Germany and Russia who are opting out of Spanish holidays thanks to the high cost of package holidays. German and Russian tourist numbers have dipped over the past couple of years, but tour operators believe the visitors are returning, and that 2018 will mark a return to form for Turkey’s tourist industry.

19 February 2018

Turkish inflation slows, prompting talks on rate cuts

Turkish inflation slows, prompting talks on rate cuts

Turkey’s inflation dipped last month, which means banks will soon be encouraged to cut their interest rates. Erdogan has long been a proponent of lowering interest rates, holding the unconventional view - known to many as Erdoganomics - that cutting rates can result in a lower level of inflation.

11 February 2018

Turkey pressing ahead with economic reforms in 2018 - Simsek

Turkey pressing ahead with economic reforms in 2018 - Simsek

Turkey's economic reforms made great progress last year, returning the country's growth to normal levels and ending the year on an impressive 7 percent figure. This year, the government is pressing ahead with further reforms aimed at increasing investment, lowering inflation levels and boosting trade.

06 February 2018

Kanal Istanbul route revealed

Kanal Istanbul route revealed

After years of speculation, the route for the 45-kilometre canal linking the Black Sea and the Sea of Marmara has been revealed, renewing interest and speculation in nearby real estate, including the Media Highway/Basin Ekspres area.

21 January 2018

Turkey-UK relationship to flourish post-Brexit

Turkey-UK relationship to flourish post-Brexit

British Trade Minister Liam Fox met his Turkish counterpart on Friday to discuss the countries’ relationship post Brexit. Fox said ties between the two countries are as strong as ever, adding that the UK will most likely increase its investment in Turkey. Turkey’s economy is set to outpace Europe’s in coming decades, leading to investment and trading opportunities for the 80-million strong country.

16 January 2018

Fall in foot traffic sees Istiklal Avenue seek a new image

Fall in foot traffic sees Istiklal Avenue seek a new image

Istiklal Avenue, famous for its big brand stores, expensive boutiques and upmarket restaurants, has seen a fall in foot traffic over the past two years. Big brands have moved out, leaving a gap in revenue and rental income. But a new report shows the street might simply need a rebrand. Other main arteries on the European and Asian sides of the city have also seen traffic fall with high levels of construction, but as construction slows pedestrians are set to return.

08 January 2018

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