Turkish property & economy news
03 September 2019
Foreign purchases of Turkish real estate up by 68.8% TURKSTAT (The Turkish Statistical Institute) announced that in the first six months of 2019, foreign purchases were up by a staggering 68.8%, which equates to 19,952 units selling in January to June, which was up by 8,136 units from the same period last year.03 September 2019
Turkish Airlines Increases Fleet of Aircraft Turkish Airlines have announced ownership of a new Boeing 787-9 Dreamliner plane. With the addition of the new plane, Turkish Airlines are in a position to prove they are ready to become a major force in the international aviation sector.28 August 2019
Galataport: Istanbul's cruise ship hub to open in 2020 After a rocky few years, Istanbul's cruise ship industry is back up and running, and better than ever. With the announcement of a new cruise ship port in Istanbul that will bring 1.5 million tourists to Turkey's largest city, it seems Turkey's tourism industry has turned around. Galataport will be on the Karakoy shore, on Istanbul's European side.23 August 2019
Demand for Turkish Properties by Russians triples The Kommersant, Russia’s Daily Newspaper recently reported that in the first six months of this year Russian nationals wanting to buy Turkish property has increased by 2.8 times when compared to the same time last year.22 August 2019
Turkish tourism is growing and changing Turkey's tourist profile has changed. A few years ago, it was British visitors flooding airport terminals. Now, while the Brits are still coming in steady numbers, especially to Antalya and Istanbul, there is an increasing number of tourists travelling from the Middle East and China, bolstering the economy and ensuring sustainable income for tour operators.15 August 2019
Golf tourism brings 135 million Euros into Turkish economy Hundreds of thousands of golfers travel to 5-star resorts in Turkey to enjoy the sport at the highest of standards. Golf tourism professionals report that the revenue this brings to the country is worth a phenomenal 135 million euros per year.15 August 2019
Tourists arrivals in Istanbul are at an all-time high 5.42 million tourists visited the largest city in Turkey, Istanbul in the first five months (January – May) 2019 which was an increase of 11% compared to the same time last year, and an all-time high in the past five years. Istanbul has made huge progress towards a goal of welcoming 15 million tourists this year.14 August 2019
Tourist revenue jumps 13.2% as 18 million foreigners choose Turkey Turkey continues to enjoy excellent tourism trade with an increase in money being spent as well as visitor numbers. Over 18 million foreign visitors have flocked to Turkey in the first half of this year with revenue reaching 12.6 billion USD, according to data.12 August 2019
Turkey's special relationship with New Zealand Turkey and New Zealand's relationship was forged in war, and continued as allies. Now, Turkey's ambassador to New Zealand has praised the bond between the two countries, saying that the small trade volume between the two in no way reflects the strength of their relationship.11 August 2019
Two new Blue Flag Beaches awarded in Turkey The Karasu district in the province of Sakarya in Turkey was recently presented with two blue flags for beaches in the area. The blue flag relates to the cleanliness of the beach as well as the health of the sea. The metropolitan municipality mayor of Sakarya, Ekrem Yuce said that it is his aim to now obtain blue flag status for Koccali and Kaynarca beaches.11 August 2019
Tourists flock to the Grand Bazaar in Istanbul The Grand Bazaar is a landmark in the Fatih district of Istanbul. Known as the world’s oldest bazaar, it has been under threat of closure due to the dwindling number of foreign tourist visitors in the past few years. However, there has been a noticeable increase in footfall and the bazaar has started to regain its previous glory.07 August 2019
Hopes for Turkish lira as it defies the odds Turkey's lira took a beating last year. Losing 50 percent of its value against the dollar meant inflation took a hit, soaring sky high. Since May, however, the lira has climbed slowly back up, and Turkish bonds garnered healthy returns. While we're not yet in the clear, the green shoots are encouraging news for investors.
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