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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. 

 
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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World-class Hotel and Restaurant brands vie for Bodrum

2022-August-07

World-class Hotel and Restaurant brands vie for Bodrum

The Turkish resort town of Bodrum is working to become a destination for world-famous brands, according to the mayor of the town on Friday. "Bodrum is taking confident steps towards becoming a destination for world-renowned brands. World-renowned hotel and restaurant chains are vying for entry into the city."

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Demand for Turkey vacations outnumbers supply

2022-August-07

Demand for Turkey vacations outnumbers supply

The demand for tour packages for holidays in Turkey outnumbers the supply, according to Russia's Association of Tour Operators (ATOR). "Demand significantly outnumbers supply, which is limited by air transportation," ATOR stated on its website.

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Foreign arrivals in Turkey increased by 308.48 percent

2022-August-02

Foreign arrivals in Turkey increased by 308.48 percent

According to data released by the Culture and Tourism Ministry, the number of foreign visitors to Turkey increased by 308.48 percent in May compared to the same month the previous year. According to the ministry, 3,824,555 people visited the country during the month.

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Hagia Sophia Istanbul welcomes 6.5 million visitors

2022-July-30

Hagia Sophia Istanbul welcomes 6.5 million visitors

Since reopening as a mosque just over two years ago, Istanbul’s historic Hagia Sophia Grand Mosque has welcomed more than 6.5 million total visitors according to data released by Mufti Ahmet Akturkoglu, Istanbul Deputy.

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Domestic tourism spending reaches $680 million in Q1

2022-July-30

Domestic tourism spending reaches $680 million in Q1

New data released by the Turkish Statistical Institute (TurkStat) on Friday has shown that domestic tourism spending in Turkey increased by a huge 100.4% in the period from January to March 2022 when compared to the same period in 2021. Information released showed that spending reached 12.1 billion Turkish Lira, approximately 680 million USD.

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Germans now the most visitors to Antalya

2022-July-28

Germans now the most visitors to Antalya

Head of the Antalya City Council Tourism Working Group, Recep Yavuz, has revealed that more than one million German tourists have visited the Turkish resort city of Antalya so far in 2022, surpassing Russian travellers.

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Istanbul Airport busiest airport in Europe in June

2022-July-28

Istanbul Airport busiest airport in Europe in June

New data released by a European Airport Trade Association has shown that Istanbul Airport welcomed almost six million passengers during the month of June alone, which was more than any other airport in all of Europe.

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Turkish Airlines crowned most valuable brand in Turkey

2022-June-21

Turkish Airlines crowned most valuable brand in Turkey

According to a renowned London-based independent branded business valuation consultant report released Wednesday, Turkish Airlines (THY) has been awarded the country's most valuable brand in 2022, as it has been for the previous three years.

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International arrivals in Turkey increase by 225.6%

2022-June-21

International arrivals in Turkey increase by 225.6%

Foreign arrivals in Turkey have continued to rise in April, according to official figures released as the tourism industry works to recover from the effects of the coronavirus outbreak. According to the Culture and Tourism Ministry, the number of international visitors arriving in April increased by 225.6% year-on-year to 2.57 million.

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Istanbul bustling with tourists, harkening back to pre-pandemic days

2022-June-19

Istanbul bustling with tourists, harkening back to pre-pandemic days

Foreign tourists are pouring into Istanbul, largely for shopping and health tourism, in a boost for the critical industry, which is escaping the 2020-21 coronavirus dip. Visitors to Istanbul, which are usually dominated by the Middle East and Gulf, increased 135% year-on-year to approximately 4 million in April, compared to roughly 4.4 million before coronavirus.

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Bodrum banking on 1.5 million tourists arriving this year

2022-June-19

Bodrum banking on 1.5 million tourists arriving this year

The famed Turkish resort town of Bodrum wants to attract roughly 1.5 million international tourists this year, surpassing even pre-COVID-19 levels, according to its mayor. The city, which is located on the Aegean coast in Mugla province, had received 1.3 million foreign visitors before arrivals plummeted to just 530,000 in the middle of the outbreak in 2020.

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Turkey's travel and tourism GDP expected to expand by 5.5%

2022-June-11

Turkey's travel and tourism GDP expected to expand by 5.5%

According to a study from an industry association, Turkey's travel and tourist GDP is expected to expand by 5.5% annually over the next decade. The World Travel and Tourism Council (WTTC) predicted that the sector's contribution to the country's GDP might reach almost 1.04 trillion TL (117 billion USD) by 2032, accounting for 11% of the whole economy.

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Turkish Airlines transports 24 million passengers through May

2022-June-11

Turkish Airlines transports 24 million passengers through May

Turkish Airlines (THY) has reported on Thursday that it carried a total of 24 million passengers in the first five months of 2022, surpassing pre-pandemic levels in Turkey. During the five-month period of January to May, the load factor was 73.5%, with 72.5% for international trips and 82.8% for local routes around Turkey.

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Cappadocia attracts 1 million people in just five months

2022-June-11

Cappadocia attracts 1 million people in just five months

According to estimates, 1 million tourists visited Turkey's picturesque Cappadocia region in the central Nevsehir province in the first five months of this year. The touristic hub, known for its characteristic fairy chimneys, underground cities, cave hotels, and hot air balloon excursions, attracted a total of 1.03 million domestic and international tourists.

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Turkey's "new normal" begins without masks

2022-June-06

Turkey's "new normal" begins without masks

Masks are gradually being removed from people's faces after President Recep Tayyip Erdogan announced the end of mandatory mask wearing in Turkey due to a decrease in COVID-19 pandemic cases.

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Turkish property sales hit an all-time high in March

2022-June-06

Turkish property sales hit an all-time high in March

Residential property sales in Turkey continued to rise in March, reaching their highest level ever, according to figures released, aided by a surge in international buyer interest. The Turkish Statistical Institute (TurkStat) reported that house sales increased by 20.6 percent year-on-year to 134,170 units in March, the highest March result to date.

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25 million people visit Istanbul's Grand Camlica Mosque

2022-June-02

25 million people visit Istanbul's Grand Camlica Mosque

Since its debut three years ago in Turkey's largest city Istanbul, the Grand Mosque of Camlica has welcomed 25 million visitors. The mosque is Turkey's most contemporary complex, containing an art gallery, library, conference hall, art workshop, and the newly opened Museum of Islamic Civilizations, in addition to being a grand place of prayer.

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Istanbul prepares for tourists as cruise ship docks at Galataport

2022-May-31

Istanbul prepares for tourists as cruise ship docks at Galataport

According to Culture and Tourism Minister Nuri Ersoy, the mammoth cruise ship Costa Venezia anchored at Galataport on Thursday, making it the largest vessel to dock at the Turkish port, which is anticipated to treble its capacity in the near future.

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Tourists flock to Istanbul, surpassing pre-pandemic levels

2022-May-31

Tourists flock to Istanbul, surpassing pre-pandemic levels

As most coronavirus restrictions have been relaxed, Turkey's largest metropolis is seeing an influx of visitors, with crowd levels comparable to those seen before the pandemic. Istanbul, which straddles Europe and Asia, saw the number of foreign tourists more than quadruple in the first quarter of this year.

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