Tourism target met by Istanbul thanks to Western tourists
Istanbul is almost at its target of 15 million tourists per annum according to new data released. It is vital for the city, which although a firm favourite with Arab visitors, is now enjoying large increases in tourists from North America and multiple European countries.
'Call me Robin Hood' - mystery benefactor returns to Istanbul's Asian side
In March, news outlets reported a mystery man leaving envelopes stuffed with cash in Istanbul's poorer neighbourhoods. Now, he's back, paying off grocery debts in Tuzla, on Istanbul's Asian side. Rising food and electricity prices in Turkey are hitting families where it hurts, and Istanbul's "Robin Hood" has struck a chord.
Yemenis find safe homes in Turkey
In the first nine months of this year, house sales to Yemenis increased when compared to the period of January to September in 2015. The total number of properties in Turkey purchased increased by 98% when war broke out in Yemen.
Foreign investors want to buy Antalya real estate
The Mediterranean resort of Antalya is no longer just a must visit for holidaymakers, but it is attracting numerous foreign investors who are searching for their own piece of real estate in this stunning seaside city.
Turkish tourism revenue in Q3 2019 Up by 22%
According to data released by TURKSTAT (Turkish Statistical Institute), tourism income in Turkey has increased to 14.3 billion USD in the third quarter of this year. These figures provide data that confirms that revenue from tourism in Turkey has risen massively by 22% year-on-year when compared with 2018.
Istanbul's mansions on sale as Turks wrestle debt
Fifty-two of Istanbul's stately yali, the waterfront mansions built during the Ottoman era, are for sale. As Turks struggle to repay foreign debt, they're jettisoning their homes, presenting incredible opportunities for foreign buyers. While these mansions don't come cheap, they are unarguably a slice of history worth owning.
Amazon invest in Turkey for the long term
Just a year after Amazon first launched its operations in Turkey, it is planning a long term investment and relationship. As the biggest e-commerce platform in the world, Amazon and Bogazici University now offer a training program to help small and medium sized business in Europe.
Foreign visitors top 31 million in Turkey
According to data from the Culture and Tourism Ministry, in the first eight months of this year there have been over 31 million foreign visitors welcomed in Turkey. In the January to August period, data shows that visitors are up by 14.7% on a year-by-year basis.
In Istanbul, a new Chinatown is growing
Attracted by marketing campaigns, easy investment opportunities and Turkish citizenship, the Chinese are moving into Istanbul. As with other global hubs, the new arrivals are making themselves at home in a designated corner of the city, and a new Chinatown is emerging in a once rundown central neighbourhood.
Millions of Iranians set to visit Turkey in 2020
The number of Iranians visiting Turkey is increasing year-on-year due to improved relationships, promotional marketing and paying special attention towards what their visitors want by ensuring all of their needs are met.
Tourist spending in Turkey up by 70%
The growing number of people visiting Turkey has resulted in an increase of 70% in shop purchases when compared to the same period last year. These figures came about from a survey that was carried out by Global Blue.
Istanbul’s serviced apartments offer mega returns
More tourists than ever before are visiting Istanbul. And these visitors are changing the city's tourism profile, as they opt for a new way of travelling. The rise in popularity of serviced apartments means opportunities for investors looking to capitalise on the trend. We look at some quality developments in areas like Sisli, Maslak, Beyoglu and Zeytinburnu.