Latest Turkey Real Estate News

2019 was certainly a very important year for Turkey as Istanbul Airport went into operation in said year. It certainly contributed heavily to Turkey’s tourism.

Based on most recent statistics, Turkish citizenship was issued for 6,694 foreign nationals from 101 countries who acquired real estate in this country from 2017 to date.

Istanbul the rising destination for cruise ships in 2020. The city which hosted 13 cruisers with 7513 passengers in 2018 expects to receive 64 ships in 2020.

Antalya which is the main tourism center of Turkey is also reported to have taken the third place among the top luxury yacht production bases with a revenue of US$ 1 billion 90 million.

The record in the history of the Republic was broken in gold production, in 2019. Gold Miners Association (AMD) President Hasan YUCEL announced that gold production in Turkey had gone up in 2018.

In the first 11-month period of 2019, home sales to foreigners in Turkey reached its highest level to 40,616 with a 32 percent increase, in history with Istanbul heading the charts.

Spanish Ambassador to Ankara Juan Gonzalez-Barba has paid a visit to Antalya and met with Governor of Antalya. The ambassador was reported to have admired Turkey’s success in tourism.

A philanthropic businessman who distributed envelopes containing thousands of TL in slums in several districts of Istanbul and called himself 'Robin Hood' a while ago has recently appeared in Ataşehir district of the city again.

Turkey’s Central Bank (CBRT) decreases policy rate from 14 percent to 12 percent. The statement by CBRT also assessed that the current monetary policy stance is in line with the targeted disinflation path.