Turkish property & economy news
14 May 2020
Istanbul's children get their first taste of freedom With coronavirus infections easing in Turkey, restrictions on its populace are lifting. Malls are opening, salons are open for business, and people are venturing out for the first time in weeks. Children and elderly people, who were ordered inside by the government, are finally getting a taste of freedom after almost eight weeks.13 May 2020
Could Kalkan be the ideal isolation destination? These may be socially distanced times, but the desire to go on holiday remains strong. Tourism might look a little different for a while, but it'll soon be back on its feet. In the meantime, tourists are making enquiries about destinations that are private, out-of-the-way, and laid back. Kalkan, which is all of these, is about to experience a surge of popularity.12 May 2020
Focus on food, health and digitalisation in coming period for Turkey The Turkish trade minister has said on Friday that in the coming period, Turkey will prioritise making new and smart investments into the food, health and digitalisation industries across the country.12 May 2020
Duden Waterfalls waters clear thanks to COVID-19 lockdown Jellyfish and octopuses have been seen gliding through the narrow canals of Venice, mountain goats causing havoc in towns across Wales in the United Kingdom, as well as dolphins taking residence in the Bosphorus in Turkey’s own heart, Istanbul. Mother Nature is taking back what was hers around the world, and Turkey is no exception to this.10 May 2020
Online real estate sales top 100 million TL in Turkey in March The chairman of the Real Estate International Promotion Association (GIGDER), Faruk Akbal stated that foreign buyers have purchased properties in Turkey online worth more than 100 million Turkish Lira (14.3 million USD) in March 2020, as the industry evolves during the coronavirus pandemic.09 May 2020
LC Waikiki producing 40 million masks a week in Turkey According to company Chairman Vahap Kucuk, LC Waikiki, the national clothing retailer in Turkey has turned their hand to producing 40 million face masks each week without any profits being made. LC Waikiki has done this in order to help support the Turkish fight against the spread of the deadly coronavirus currently affecting the world.09 May 2020
Turkey launches COVID-19 free certification to promote tourism The Turkish Tourism Minister has announced that Turkey is launching a COVID-19 certification system that will be internationally recognised and be able to advertise areas that are free of the Coronavirus virus, in the hope that touristic areas and facilities will see a revival.04 May 2020
As covid cases drop, Turkey's malls plan a slow reopening With Turkey's coronavirus cases falling, it seems the country is turning the tide on the pandemic that has caused a global shutdown. Now, the country's malls are planning a reopening. While some say it's premature, for the retail sector the cautious re-emergence is positive news.04 May 2020
Turkey now EU’s 6th largest trade partner in 2020 It was reported on Monday by the European Union’s statistical authority that the union’s trade balance for foreign trade had seen a 20.2 billion Euro (22.2billion USD) surplus in the first two months of 2020.04 May 2020
Demand increases for detached houses in Turkey amidst COVID-19 According to sector representatives, coronavirus has made a huge difference to Turkish real estate preferences, with an increased interest for detached houses with outdoor and garden spaces as well as additional inside space that could serve as a home office.29 April 2020
The Turkish island where a community has kept coronavirus at bay For more than two centuries, the inhabitants of Mada Island, 250km from Antalya, have lived an isolated, and at times difficult life. With no bridge, inhabitants need a boat to reach the mainland. Now, that isolation is paying off, as the island's mostly elderly population uses their island advantage to keep coronavirus at bay.19 April 2020
Turkey answers UK's desperate call for medical supplies As the NHS battles to treat the deluge of coronavirus cases the British government has put out an urgent call: help us with medical equipment. And Turkey has answered, sending planeloads of equipment to the United Kingdom. The medical gear is sent in boxes with words from the Persian poet Rumi: After hopelessness, there is so much hope, and after darkness, there is the much brighter sun".
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