Turkish property & economy news
15 May 2018
'Stunning' air traffic figures cement Istanbul's investment status A 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.07 May 2018
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.30 April 2018
Azerbaijan to become Turkey's largest investor - Erdogan A 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.22 April 2018
Early election prompts urgency in Turkish property market President 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.15 April 2018
Migration to Istanbul fuels new property boom More 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.09 April 2018
Cappadocia gears up for a “Golden Year” With its fairy chimneys, strange rock formations and cosy cave hotels, Cappadocia is an enchanting tourist destination. Like the rest of the country, the central region has suffered in recent years with a fall in tourist numbers. But tourists are back with a vengeance, causing hotel occupancy to shoot up to almost 100 percent this April and May.05 April 2018
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.27 March 2018
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 2019.20 March 2018
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.11 March 2018
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.06 March 2018
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.25 February 2018
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.
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