Turkish property & economy news
13 February 2015
Turkey lures American and Japanese tourists 2015 might be the year of tourist diversification for Turkey, with plans to attract new markets to the country. Turkey is still relatively unknown to most Americans, but this might change as the Turkish Tourism Office makes plans to entice US travellers - including lucrative business travellers - to event-rich Istanbul. Japanese tourists are also being targeted with the more offbeat areas of the country - and with Turkish cuisine.13 February 2015
Help to buy scheme for Turkish property buyers A new ‘help to buy’ scheme is aiming to close the gap between foreign and domestic property investment, with the government offering help to Turkish first home buyers. The scheme will not only help provide accommodation for Turkey’s burgeoning middle classes, but also bolster the construction industry and overall economic growth. Meanwhile, an upturn in the demand for serviced apartments in Istanbul could herald this year’s big investment opportunity.26 January 2015
Greek anti austerity vote play into Turkish hands This time it seems Greeks have indeed borne gifts for Turks with their Trojan Horse showing its teeth to ruling parties. Left-wing Syriza Party's election victory poised to send a wave of uncertainty throughout Europe, not a welcome sign for most of us, yet bears excellent news for Turkish real estate. Find out how and why..15 January 2015
Turkey to build first church in nearly 100 years In a showing of the continued diversity and acceptance of other cultures, Turkey has announced plans to build a brand new Church in the country for the first time in nearly 100 years. Since the Republic of Turkey was founded in 1923, there have been no new churches built, only restoration and renovation of existing buildings, making this a significant announcement of intent by the current government.13 January 2015
Foreign sales of Turkish real estate set to top $5 billion in 2015 As we move into 2015, foreign sales of property in Turkey are set to top more than 5 billion USD in sales as the market continues to grow and more and more expats and people look to relocate to Turkey. Date released by the Turkish Statistical Institute shows that sales in 2014 increased a huge 59% from the year before - is there any stopping the Turkish real estate market?29 December 2014
Giant underground city found in Turkey from 3000 BC A major underground city, believed to be the largest archaeological find of 2014, has just been discovered in Nevsehir, Turkey adding to the area's already acclaimed culture tourism fame, thanks to its fairy chimney rock formations that attract millions of tourists to this central Anatolian province each year. The underground city, which is believed to occupy a 7km zone under Nevsehir fortress is made up of 1000's of inter-connected rooms and towns. The discovery came as a result of..13 December 2014
Erdogan and Putin sign $100 billion bilateral trade deal Russian President Vladimir Putin visited Ankara, Turkey on Monday, meeting with Turkish President Recep Tayyip Erdogan in a huge meeting revealing intentions to increase bilateral trade between the two nations up to a huge 100 billion USD annually by 2020. We take a look at the importance of this, as well as the relationship between two of the worlds most outspoken leaders.04 December 2014
Turkey tourist numbers and property sales smash records More foreigners bought property in Turkey in 2014 than ever before, spending over a billion Euros on homes in Antalya, Istanbul real estate and other coastal destinations like Fethiye, Bodrum and Marmaris. It was also a bumper year for tourism, with visitor numbers expected to reach 43 million by the end of 2014. Increasing demand for property stems from greater numbers of luxury overseas home buyers discovering Turkey's stunning landscape at bargain prices, and investors snapping up buy-to-lets to cater for the growing holiday crowds. Industry experts predict that 2015 will be even greater, as Turkey's economy continues to expand.04 November 2014
Turkish Delight as United Biscuits sold to Yildiz Holdings Food news coming out of Turkey as Yildiz Holdings announce the acquisition of United Biscuits - the UK company behind the household brands McVitie's, Jaffa Cakes, and Penguin to name a few. The deal, worth around £2 billion, sees Yildiz move up to number three in the world for biscuit production and sees the Istanbul based company cement their ambition to place a strong foothold in the UK.01 November 2014
2014 Turkish property market review and future outlook The first four months of 2014 saw a record number of property sales as numbers reached more than 5,000 units sold - up nearly 50% on the same period in 2013. With the real estate market seemingly on the upwards trend, we take a look at the the reasons for Turkey's continued success in the market, as well as a look into why some region's have not performed as well this year as they have in previous years. Take a look at our 2014 real estate review and future outlook.07 October 2014
Record tourists head to Turkey despite border conflict Turkey has been in the spotlight in recent months thanks to the ISIS conflict happening over the border. However, regional unrest has not put a dampener on tourist numbers. In fact, the contrary has happened, with record numbers of visitors heading to Istanbul, Antalya and other regions. Why has Turkey been so successful? A successful marketing campaign has helped highlight the country’s assets, while tourism diversification has seen the rise of health tourism, conference hosting and cultural holidays. Turks are also beginning to take more holidays within the country, further boosting numbers.03 October 2014
Turkey poised to step up against ISIS BREAKING NEWS After hours of talks today, the Turkish parliament has decided to step up the country’s involvement against the terrorist state ISIS, whose fighters are currently advancing through Syria and Iraq. Turkey has thus far avoided joining the coalition of countries striking against ISIS, but the compromised security, including that of a historical Ottoman tomb located on a Turkish enclave in Syria, has changed this. Turkey’s stability has not been compromised by the fighting, but as it approaches the borders the country will need to act to ensure its reputation as a safe bridge between east and west remains intact.
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