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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. 

 
September record logged as Turkey’s exports hit $22.67 billion

2023-October-30

September record logged as Turkey’s exports hit $22.67 billion

Turkey's trade sector has been enjoying remarkable growth in recent months, with the country's exports reaching new heights, as per the preliminary figures announced by Trade Minister Ömer Bolat on Wednesday. The impressive growth of Turkey's exports is driven by its diversified economy.

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2.5 million hosted in Türkiye's Muğla between January and August

2023-October-24

2.5 million hosted in Türkiye's Muğla between January and August

Muğla, a captivating province located in the south-western region of Turkey, is a natural wonderland that attracts millions of tourists annually. The region is blessed with an abundance of natural beauty, stunning beaches, and ancient cities that showcase Turkey's rich history and cultural heritage.

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Logistics centre opened in Turkey by e-commerce giant Amazon

2023-October-24

Logistics centre opened in Turkey by e-commerce giant Amazon

Amazon, the world-renowned e-commerce giant, has made its grand entry into the Turkish market with the official opening of its first logistics centre located in the Tuzla region, on the Asian side of Istanbul. The centre, which began operating in September 2023, has been established with a whopping investment of over $100 million (TL 2.75 billion).

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Extended tourism season anticipated across Turkey

2023-October-13

Extended tourism season anticipated across Turkey

The tourism sector in Turkey is currently basking in the glow of a prosperous summer season, with an extension expected in the months to come. Foreign visitors have been flocking to the Mediterranean resorts, and Istanbul, in particular, has seen a surge in popularity.

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FedEx Europe to set up Cargo facility at Istanbul Airport

2023-October-12

FedEx Europe to set up Cargo facility at Istanbul Airport

In November 2024, FedEx Europe, will be opening a brand-new transit hub at Istanbul Airport. This decision was made after a thorough evaluation of several factors, such as the airport's state-of-the-art infrastructure, advanced connectivity, cutting-edge technological advancements, and strategic location between Europe and Asia.

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Arrivals hit 30 million as tourism in Turkey continues to boom

2023-October-12

Arrivals hit 30 million as tourism in Turkey continues to boom

Turkey, a nation that boasts awe-inspiring landscapes, a rich history, and a vibrant culture, has become an increasingly popular tourist destination in recent years. The latest official data shows that the country has seen a significant increase in foreign visitors during the first seven months of 2023.

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Turkish Airlines to purchase 10 new Airbus A350 jets

2023-October-05

Turkish Airlines to purchase 10 new Airbus A350 jets

In a recent announcement, Turkish Airlines has revealed its plan to expand its fleet of widebody planes by acquiring 10 additional Airbus A350-900 aircraft. This strategic move will effectively double the company's existing fleet of widebody planes.

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10-year high as influx drives foreign arrivals in Istanbul

2023-October-05

10-year high as influx drives foreign arrivals in Istanbul

Newly released official data shows that Istanbul, Turkey's largest city, experienced a remarkable surge in foreign tourist arrivals during July, reaching the highest influx in a decade. The city welcomed approximately 1.87 million visitors, a 6% increase from the same period last year, surpassing the previous record of almost 1.76 million recorded in July 2022.

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20% increase in passengers for Turkish Airlines over 8 month period

2023-October-05

20% increase in passengers for Turkish Airlines over 8 month period

According to recent reports, Turkish Airlines, the official national flag carrier of Turkey, has experienced a remarkable 20% increase in passenger numbers for the first eight months of 2023. During this period, the company served a total of 56 million passengers, a significant improvement from the 46.7 million passengers served during the same period last year.

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Alibaba to invest $2 billion in Turkey

2023-September-18

Alibaba to invest $2 billion in Turkey

Alibaba Group Holding Ltd. has announced plans to invest a further $2 billion USD in Turkey, following a recent meeting between the Chinese giant and Turkish President Recep Tayyip Erdogan. Michael Evans, the head of the Chinese company made the announcement on Friday evening. 

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Influx of tourists to Trabzon, the Black Sea gem

2023-September-08

Influx of tourists to Trabzon, the Black Sea gem

Trabzon, an important city located in the eastern Black Sea region of Turkey, is witnessing a surge in tourism. The city has become a preferred destination for travellers looking to escape the hustle and bustle of their busy city lives and the scorching summer heat.

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Bolu experiencing hottest summer of the century

2023-September-08

Bolu experiencing hottest summer of the century

Bolu in Turkey, a renowned tourist destination famous for its breathtaking natural landscapes and tranquil getaways, is currently experiencing the harsh repercussions of an unprecedentedly scorching summer as per the latest meteorological reports.

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China tags Turkey as safe for tourism and travel

2023-September-08

China tags Turkey as safe for tourism and travel

It has been reported that Beijing has lifted the ban on outbound group tours to a number of destinations, which includes Turkey, the United States, and Japan. This could potentially lead to a significant increase in the number of Chinese tourists who will be travelling to various countries across the globe.

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Turkiye to continue free transport scheme for elderly

2023-September-06

Turkiye to continue free transport scheme for elderly

Mahinur Ozdemir Goktas, the Minister of Family and Social Services, has recently addressed concerns regarding the alleged implementation of transportation fees for individuals over the age of 65. Goktas has stated that there is no intention to impose any charges on public transport for senior citizens.

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21 million flock to see Turkey’s Hagia Sophia Grand Mosque

2023-September-06

21 million flock to see Turkey’s Hagia Sophia Grand Mosque

The Hagia Sophia Grand Mosque, a magnificent architectural wonder located in Istanbul, Turkey, has garnered immense popularity among tourists worldwide, with visitors from Arab countries, Central Asia, and the Far East flocking to see this iconic landmark.

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Prolonged tourism season for Antalya following strong bookings

2023-September-06

Prolonged tourism season for Antalya following strong bookings

The vibrant resort town of Antalya, nestled in the picturesque Mediterranean region of Turkey, has experienced a highly successful start to the month of August. Local hotels have been experiencing a significant surge in bookings, with occupancy rates skyrocketing to over 90% in the southern part of the city.

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Antalya enjoys a summer influx of tourists

2023-August-21

Antalya enjoys a summer influx of tourists

The Mediterranean gem of Antalya in Turkey saw a significant increase in the number of tourists arriving by air in the first half of this year. Over 5.52 million tourists visited the southern resort city from January to June, which is a 29% increase compared to the previous year, according to data from the Provincial Directorate of Culture and Tourism.

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Restoration of Istanbul's Haydarpasa train station almost complete

2023-August-21

Restoration of Istanbul's Haydarpasa train station almost complete

During a recent inspection of the ongoing work, Transportation and Infrastructure Minister Abdulkadir Uraloglu announced that the meticulous restoration work at Haydarpasa train station, aimed at preserving its historical charm, is set to be completed by 2024. 

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Turkish yacht industry experiencing fresh phase of growth

2023-August-18

Turkish yacht industry experiencing fresh phase of growth

Turkey is currently experiencing a fresh phase of economic growth, bolstered by its strong manufacturing sector and impressive production capabilities. This progress is notably reflected in the realm of tourism and the yachting industry.

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Trade Minister Bolat: ‘UAE could invest up to $30 billion in Turkiye’

2023-August-16

Trade Minister Bolat: ‘UAE could invest up to $30 billion in Turkiye’

Turkish Trade Minister Omer Bolat made a significant announcement indicating that the United Arab Emirates (UAE) could invest as much as $30 billion in various sectors in Turkey. These sectors include infrastructure, logistics, food, and hospital management. The cooperation between Turkey and the Gulf is part of Ankara's growing efforts to attract foreign funding.

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