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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. 

 
As European prices soar, tourists flood to Turkey

2022-November-29

As European prices soar, tourists flood to Turkey

Cem Polatoglu, spokesperson for the Travel Operators’ Association said that: “This winter we expect more tourists than in previous years. During the pandemic, people could not go on holiday for a long time. Now that travel restrictions have been lifted, many tourists will feel as though they have ‘broken free from chains.”

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160 million passengers at Istanbul Airport in four years

2022-November-29

160 million passengers at Istanbul Airport in four years

Istanbul Airport, Turkey’s biggest airport and one of the largest in the world, has now served more than 160 million passengers following its opening four years ago, according to the Transport and Infrastructure Minister, Adil Karaismailoglu.

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7 new ferry lines between Asia and Europe in Istanbul

2022-November-29

7 new ferry lines between Asia and Europe in Istanbul

More ferries have landed in the waters of the Marmara Sea and Bosphorus, as the city of Istanbul has expanded its transportation network on water. An additional seven brand-new ferry lines have started operating, carrying passengers between the European side of Istanbul and the Asian side; they will carry more than 15 million people.

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Istanbul’s arrivals increase thanks to Russians holidaying

2022-November-23

Istanbul’s arrivals increase thanks to Russians holidaying

Recent data released has shown that foreign visitors are continuing to flock to the biggest metropolis in Turkey, Istanbul. Russians have been the major drivers in the rebound of the tourism industry, which has helped to exceed figures previous to the pandemic of COVID-19.

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Tourism income up 27.1% between July and September

2022-November-23

Tourism income up 27.1% between July and September

In the third quarter of this year, the tourism income in Turkey grew by an impressive 27.1% when compared to the same quarter a year ago, according to the Turkish Statistical Institute (TurkStat). Compared to last year, when a total income of 14.1 billion USD from tourism was generated, this year’s July to September quarter produced 18 billion USD in income.

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Introduction of special travel passes for Istanbul

2022-November-02

Introduction of special travel passes for Istanbul

The transportation pass, Istanbulkart, in Turkey’s most populous city Istanbul has devised special plans and alternatives for travellers visiting from abroad. Tourists visiting the metropolis can buy an Istanbul City Card for any and all of their transportation options starting from October.

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Becoming Europe’s wind energy hub is Turkey’s aim

2022-November-02

Becoming Europe’s wind energy hub is Turkey’s aim

Turkey’s energy and natural resources minister explained that it is Turkey’s aim to become a new innovation centre for the production of wind energy in the sector for the local regions and Europe. Fatih Donmez explained that the country was the fifth largest European manufacturer of wind equipment and the leading European country in tower and blade production.

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Turkey’s tourism sector has great potential for Latin Americans

2022-October-29

Turkey’s tourism sector has great potential for Latin Americans

Turkey’s Ambassador for Buenos Aires, Sefik Vural Altay, has said that the tourism sector of Turkey has great potential within Latin America. This comes as he was speaking from the largest tourism fair in Latin America, the Latin America International Tourism Fair (FIT).

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In 9 months, 11m foreign visitors travelled to Antalya

2022-October-27

In 9 months, 11m foreign visitors travelled to Antalya

The Mediterranean diamond of Antalya has been attracting tourists globally and in the first nine months of 2022, brought in over 11 million tourists to Turkey according to official data produced. Most visitors to the city have been either German or Russian, and this follows steady trends from previous years.

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‘Haunted’ mansion of Istanbul sells for $24.7 million

2022-October-27

‘Haunted’ mansion of Istanbul sells for $24.7 million

Ragip Pasa Mansion, known by locals as ‘The Haunted Mansion’ for the state of decay it finds itself, was sold by a major Turkish lender for 449.3 million Turkish Lira, $24.7 million at the time of sale. The home was sold in Istanbul by a public tender due to the mansion’s previous owner’s unpaid debts.

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2.5M tourists attracted to Cappadocia in only 8 months

2022-October-27

2.5M tourists attracted to Cappadocia in only 8 months

2.5 million foreigners have been flocking to Cappadocia, a stunning picturesque region of Turkey, in the first eight months of 2022. Official figures show this has broken all-time records for the region. Visiting the charming hub of tourism were 2.54 million Turkish and international people.

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Antalya enjoying best tourism days post-COVID

2022-October-03

Antalya enjoying best tourism days post-COVID

Turkey’s Mediterranean paradise has had its best summer since the coronavirus pandemic thanks to foreign tourists that continue to arrive in stunning Antalya. These arrivals are being spearheaded by European countries. So far in 2022, the southern resort city of Antalya has seen 8.5 million tourists from overseas.

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23.3 million arrivals to Turkey – an increase of 128%

2022-October-03

23.3 million arrivals to Turkey – an increase of 128%

Between January and July of 2022, the number of foreign tourists to Turkey has increased by an incredible 128% compared with the first seven months of 2021, official data showed on Monday. Because of this increase, arrivals of tourists to Turkey have reached 23.3 million.

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10-high year high in July after influx of Istanbul tourists

2022-October-03

10-high year high in July after influx of Istanbul tourists

Official data showed that Istanbul hit a 10-year high in July in terms of number of foreign tourists visiting the city. The provincial culture and tourism executive committee data showed that in July Istanbul welcomed almost 1.76 million foreign tourists. This was an increase of 56% compared to the 1.1 million tourists who visited in the same month last year.

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Antalya hosted 7.7M air passengers in first seven months 2022

2022-September-28

Antalya hosted 7.7M air passengers in first seven months 2022

Turkey’s touristic hot spot on the Mediterranean, Antalya, hosted some 7.7 million tourists from around the world between January 1 and August 5, 2022, data supplied by the city’s governorate has stated. This saw an increase of 91% during this period, compared to the same months of 2021.

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Turkish Airlines named as ‘Biggest Winners’

2022-September-28

Turkish Airlines named as ‘Biggest Winners’

As aviation and tourism pick up once again globally following the COVID-19 pandemic and lockdowns, Turkish Airlines have been named the ‘Biggest Winners’, a French financial newspaper has reported. A report published wrote that the airline, the national flag carrier for Turkey, had become the first international airline company to bring in a profit in 2021.

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All-time high for Turkish exports for successive month

2022-September-28

All-time high for Turkish exports for successive month

Turkish Trade Minister Mehmet Mus reported recently that total Turkish exports in August hit yet another all-time monthly high for the eighth consecutive month in 2022, with the country hitting its annual target before the year has even ended.

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Turkish residential home sales more than double

2022-August-26

Turkish residential home sales more than double

Residential property sales in Turkey more than doubled in May, according to official data released Wednesday, as foreign purchases skyrocketed with Russians topping buyers for the second month in a row. Home sales increased 107.5% year-on-year last month to 122,768 units.

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Antalya in Turkey sets record for number of daily flights

2022-August-26

Antalya in Turkey sets record for number of daily flights

Turkey's airport in Antalya, a popular tourist destination on the Mediterranean coast, has set a new daily flight record on Tuesday, according to information released by a top official. According to Governor Ersin Yazc, a total of 1,003 planes landed and took off from Antalya Airport on Saturday, setting a new record for the city. 

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Galataport speculates 450 cruise ships in 2 years

2022-August-07

Galataport speculates 450 cruise ships in 2 years

Dubbed much more than a cruise port, a modern hub in Istanbul has seen large ships arriving one after the other this year as it enjoys its first summer season while anticipating an even better one in 2023. The world's first underground terminal, Galataport, has welcomed 30 cruise ships so far in 2022, with the number expected to reach 200 by the end of the year.

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