Turkish property & economy news
20 November 2019
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.19 November 2019
'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.14 November 2019
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.13 November 2019
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.13 November 2019
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 2018.07 November 2019
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.02 November 2019
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.02 November 2019
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.31 October 2019
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.24 October 2019
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.24 October 2019
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.24 October 2019
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.
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