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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. 

 
299,000 passengers arrive to Turkey on cruises between January – May

2023-August-16

299,000 passengers arrive to Turkey on cruises between January – May

Turkey’s transport minister explained recently that between January and May, the country welcomed a total of just over 299,000 passengers on cruises, which was a surge of 114% compared to a year ago. He also stated that cruise tourism investments will continue and that the future looks promising, dubbing it the Century of Türkiye.

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3.8 million flock to Turkey’s National Palaces in 6 months

2023-August-15

3.8 million flock to Turkey’s National Palaces in 6 months

From January to June of 2023, the National Palaces administration under the Presidency of the Republic of Türkiye observed a notable increase of 18% in the total number of visitors to its historic palaces, mansions, and pavilions. The increase was observed among both domestic and foreign visitors.

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New third tunnel under Bosphorus set to open in 2028

2023-July-14

New third tunnel under Bosphorus set to open in 2028

Adil Karaismailoglu, the Transport and Infrastructure Minister, explained recently that the third tunnel, officially nicknamed the “Great Istanbul Tunnel”, will be in service from 2028, connecting the European and Asian sides of Istanbul. The tunnel will be capable of serving 1.3 million passengers on a daily basis.

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Antalya sees record 2.1 million tourists arrive

2023-July-14

Antalya sees record 2.1 million tourists arrive

Data has shown that Antalya is going through what is currently being called the best start to the year ever, with the southern resort city welcoming a record number of tourists from abroad arriving the country by plane. Between January 1 and May 7, more than 2.1 million tourists landed.

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Istanbul University Medical Faculty new campus to open in 2024

2023-July-14

Istanbul University Medical Faculty new campus to open in 2024

The initial phase of construction for the new campus of the Istanbul University Medical Faculty is predicted to be completed by 2024, according to the faculty dean who gave an interview recently. This new campus is planned to be one of the most significant bases for healthcare in Turkey once completed.

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Istanbul’s Ataturk Airport City Park opens to visitors

2023-July-13

Istanbul’s Ataturk Airport City Park opens to visitors

Istanbul’s Ataturk Airport City Park opened its doors recently for visitors to walk around and enjoy the newly planted 145,300 trees along the 13,000 metres, or 42,650 feet, of pavement. This new park is the fifth largest in the world and the biggest park in the entire country of Turkey.

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Cappadocia expecting 2023 to be best year for tourism

2023-July-13

Cappadocia expecting 2023 to be best year for tourism

The picturesque Turkish region of Cappadocia has hosted a record-breaking number of tourists in the first half of 2023, with the region expecting 2023 to be its record high year. Named a UNESCO world heritage site, Cappadocia is located in the central province of Nevsehir.

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Tourists arriving to Turkiye jumps by nearly 30%

2023-July-13

Tourists arriving to Turkiye jumps by nearly 30%

The number of foreigners arriving to Turkey from January through April has leapt up by almost a third compared to only a year ago. This is according to the official data, which was released, highlighting the continued momentum that has been built up in the industry.

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Inauguration of new metro line in Istanbul

2023-June-01

Inauguration of new metro line in Istanbul

The Basaksehir-Kayasehir metro line was inaugurated by President Recep Tayyip Erdogan; this brings the total rail network of Istanbul to 325.5 kilometres, equating to over 200 miles. The president, Erdogan, spoke at the opening of the metro station named “Kayasehir”, which was completed by the Transportation and Infrastructure Ministry.

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High hopes in Pamukkale for tourist arrivals

2023-June-01

High hopes in Pamukkale for tourist arrivals

During the first three months of the year, the UNESCO World Heritage site Pamukkale, also know as the “white paradise”, situated in western Turkey’s Denizili province, managed to attract more visitors than any previous years. In particular, the thermal facilities at Pamukkale saw an incredible surge in the number of visitors during the recent half-term holidays.

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Number of foreign arrivals jump as tourists flood to Turkey

2023-June-01

Number of foreign arrivals jump as tourists flood to Turkey

Official data has shown that the number of foreign arrivals landing in Turkey has jumped up by 21.35% in February as tourists continue to fly to the country. Turkey has been subject to a complete rebound following the pandemic as the number of foreign travellers nears the record and all-time highs in revenue which were seen in 2022; this has prompted the government to raise its tourism estimates for the year of 2023.

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Top 10 busiest airports – Istanbul Airport ranks among them

2023-June-01

Top 10 busiest airports – Istanbul Airport ranks among them

According to the Airports Council International (ACI) World’s recently published report, Istanbul Airport was ranked as one of the busiest airports in the world last year in 2022. The U.S.-based Atlanta Airport took the top spot in the ranking of the top 10 busiest airports in the world, while Dallas Fort Worth and Denver Airports from the U.S. ranked in second and third respectively.

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Recapping Day One of Turkey’s 2023 Election

2023-May-15

Recapping Day One of Turkey’s 2023 Election

Turkey’s May 14 election saw a record number of Turks head to the polls to decide the future leadership of the country. It was a day full of suspense with many twists and turns lasting through the night and into the morning of May 15. No winner was declared after the first night of vote counting. That leaves us at Property Turkey and many around the world to try and make sense of where this election currently stands and what will happen moving forward.

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Turkish Airlines records net profit for sixth consecutive quarter

2023-April-09

Turkish Airlines records net profit for sixth consecutive quarter

Turkish Airlines (THY) have reported their net profits as $2.7 billion for the year of 2022, allowing to the statement released in March by the THY Press Office. This marked the sixth consecutive quarter that Turkish Airlines had recorded a net profit, even when operating in the opposing environment that has been made since 2020 due to the pandemic.

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Charging licence granted to Tesla by Turkey

2023-April-09

Charging licence granted to Tesla by Turkey

Last month the energy watchdog for Turkey extended the licence for Tesla, a US-based electric car manufacturer, to continue to operate a network of charging stations across the country. Tesla is now among 119 companies that operate charging stations across the country, offering support and charging for electric vehicle (EV) drivers.

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Turnover of $2.7 billion for Pegasus Airlines in 2022

2023-April-09

Turnover of $2.7 billion for Pegasus Airlines in 2022

A statement was released in March from the low-cost carrier Pegasus Airlines, one of Turkey’s airlines, detailing its financial results regarding 2022 and the plans for growth for the coming year. Reported to the Public Disclosure Platform (KAP), the airline showed that it had seen an increase of 33.7% in the total number of people flying with them.

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German tourists establish Turkey as top destination

2023-April-09

German tourists establish Turkey as top destination

Turkey has once more been seen as the top holiday destination for a number of countries, including Germany, even though the tourism industry worldwide is still recovering following the COVID-19 pandemic disruptions to worldwide travel.

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Turkey to designate 15 more 'nature conservation areas'

2023-March-04

Turkey to designate 15 more 'nature conservation areas'

Nature Conservation and National Parks Directorate General Manager Kadir Cokcetin has recently said that in 2023 there is set to be another fifteen areas added to the list of protected areas as a part of Turkey’s new vision.

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January tourism records broken in Turkey’s Antalya

2023-March-04

January tourism records broken in Turkey’s Antalya

The Mediterranean gem of Antalya in Turkey, which played host to around 141,000 people in January 2019 pre-COVD, was on the holiday route of 219,647 tourists from overseas during the same period of January in 2023.

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1 million cruise passengers hosted in Turkey in 2022

2023-March-03

1 million cruise passengers hosted in Turkey in 2022

A senior official said that the number of passengers arriving on cruises in Turkey had exceeded the one million mark in 2022. This marked the complete rebound of the crucial industry after the consequence that came as a result of the pandemic.

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