Turkish property & economy news
15 December 2019
Radisson Hotel Group to expand in Turkey Radisson Hotel Group announced plans to increase the 4,500 beds they currently offer to a massive 10,000 in Turkey. Radisson sees Turkey amongst its top ten markets across the world, and looking to expand into the provinces of Hatay, Gaziantep, Van, Osmaniye and Kars.14 December 2019
Foreign buyers purchase 4,272 houses in October 2019 TurkStat (Turkish Statistical Institute) has confirmed that foreign investors purchased a total of 4,272 houses in Turkey during October 2019, bringing the total Turkish real estate sales to 142,810 in the first ten months of this year.14 December 2019
Japanese Airline ANA to fly direct to Istanbul For the last seven years All Nippon Airways (ANA) have been the largest 5-star airline in Japan, and they have recently announced their intention to begin flying from Tokyo to Istanbul direct by the start of summer of next year.10 December 2019
2.5 million Germans visit Antalya in 10 months The number of Germans choosing to visit the top tourism resort of Antalya in Turkey continues to increase. Antalya played host to 2.3 million visitors last year and it is pleasing for Turkey and its economy to see these figures increase by 200,000 in the first ten months of the year in 2019.10 December 2019
Istanbul’s second tallest building sold for 594 Million USD Industrial and Commercial Bank of China (ICBC), the largest bank in the world with regards to deposits, loans and assets and they have confirmed that they have now purchased the prestigious Istanbul project Tower 205, which is located in one of the priciest and high calibre locations of the city.06 December 2019
Foreign visitors to Turkey are up by 14.5% The Culture and Tourism Ministry in Turkey has confirmed that international visitor numbers from January to October have hit a staggering 40.7 million this year so far, that equates to an increase of 14.5% year-on-year when compared with 2018.06 December 2019
Air Serbia resumes flights from Istanbul Air Serbia stopped flying from Istanbul Airport on March 14, 2017 and after over two years, they are set to resume flights from the new Istanbul Airport on 11 December 2019. In a statement released by IGA (Istanbul Airport Operator), it confirmed that Air Serbia would start to fly from the newest airport in Turkey to Belgrade.04 December 2019
Goodbye recession: Turkey's economic growth back on track After several quarters of contractions, Turkey's economy has expanded, laying to rest fears of a continued recession. The recovery is in no small part thanks to the central bank cutting its interest rates to revive borrowing. Officials remain hopeful that 2020 will see Turkey return to 5% growth.02 December 2019
Chinese tourists visit Istanbul on the world’s biggest plane The Airbus 380 is the largest passenger plane in the world, and it is being utilised by China Southern Airlines to transport visitors to Istanbul due to new interest in Turkey from Chinese tourists looking to travel.02 December 2019
31 Million tourists visit Hagia Sophia In the past 12 years, one of the world’s most vital cultural and historical heritage sites, Hagia Sophia in Turkey has welcomed almost 31 million people and tourists as one of the must see locations in the city.28 November 2019
Foreign buyers snap up Antalya property Antalya's always been a popular destination. Its international airport connects travellers to Europe and the Middle East, and the city has a wealth of restaurants, museums, leisure facilities and of course - the beach. Now it's reaching a peak of popularity with property buyers. The number of properties sold to foreign buyers is set to top 10,000 this year.20 November 2019
Over 40 million passengers arrive at Istanbul Airport The new Istanbul Airport opened its first phase on 29 October 2018, which coincided with the 95th anniversary of the founding of the Turkish Republic and has welcomed 9.87 million domestic flight passengers and a further 30.6 million international flight passengers since first being opened.
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