Recent records show that up to the end of August this year Turkish Property Sales have had a 5.1% increase. Several factors have resulted in the increased figure. One major factor was the cut in central bank rates which helped boost the economy, plus the State Banks reduced their interest rate on home purchases. Property sales to foreigners has increased by 64.5% and records show that most of these...
We appreciate that we´ve discussed tourism a lot over the past few weeks and months, but it´s such an important part of Turkey´s economy, that it´s difficult not to report on the news when it happens, especially when its been revealed that the target for 2023 is to reach 75m tourists bringing with them nearly 65 billion US dollars. Turkey, ranked 6th worldwide for Tourism as it stands has already seen...
TUI has announced that there will be new flights flying from Glasgow Airport to destinations in Turkey and Spain for summer 2020. Tickets have gone on sale for the new flights into Bodrum which will operate on Mondays. TUI have also announced that they will provide 10 and 11 night holidays to a total of 8 destinations which will include Antalya in Turkey, Zakynothos in Greece and Orlanda Sanford. There...
On October 11th a ceremony was held for the opening of the brand new library in Istanbul Airport. Culture and Tourism Minister Mehmet Nuri Ersoy attended the ceremony. The library is situated in the domestic flights terminal section of the airport. The library offers 1,350 literature books, 500 Nobel Prize winning books, 500 children's books, 150 books written in English and 50 magazines. For...
The Marriott International is one of the biggest and most well-known chains in the Hotel Industry with numerous 5* properties in many of the world´s largest cities and holiday resort destinations. Already with 31 hotels in Turkey, represented by several of their different brands, they have recognised the steady increase in Tourism over the last few years and have decided to invest further in Turkey, with...
This year has seen the highest number of the endangered caretta caretta seaturtles to nest on Patara Beach in Antalya's Kas district. There was a grand total of 286 nests, which has been reported as the highest number of all time. The turtles made their way over to the beach at the beginning of May to lay their eggs, this lasted until August, then on September 15th the baby seaturtles hatched. In...
If you, like many others, are looking to gain citizenship in Turkey, then just a property purchase of $250,000 USD will entitle you to this. Since the amendment to the Turkish Citizenship Law 2611 foreign investors have taken advantage of the change, with the number of applications standing at 3859. In terms of a fixed capital investment, the minimum requirement was reduced from $2m down to $500,000, and...
The Turkish like to begin their meals at lunchtime and in the evening with a bowl of soup. There is such an incredibly rich variety of soups available, each kind is made in different ways, in different regions and all types of ingredients are used. There is 'paca' soup which is made from sheep trotter and is seasoned with flour and buffalo yoghurt. There is 'ezogelin' soup which is made from...
September bought about a new financial report for Turkey in which the IMF (International Monetary Fund) recognised current positive growth in the overall economy and opportunities to strengthen credibility which resulted in them concluding that they did not expect Turkey to hit a recession in 2019. Looking forward to the new Economic programme put forward by Turkey´s ruling party, which not only...
Dreaming of Turkey just for a visit or for buying property? Well now you can fulfil those dreams quickly, easily & in style as Turkish Airlines have announced the acquisition of 30 ´Dreamliners´ from Boeing, which feature new economy seats & a new business class product. The 787-9 jetliner offers a smooth & comfortable flight experience and is a twin-engine long-range aircraft with enough...