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Minimum wage in Turkey rises – but so do taxes.

minimum wage in Turkey

In line with promises made during the run up to the November 1st election, Turkey is indeed raising the minimum working wage from 1000 TL to 1300 TL per month from this January. Great you make think, and about time. But the sting in the tail is the announcement of ... Read More »

Brad and Angelina buy a $2.6 million Turkish Property

Turkish Property

Turkey’s all about world leaders, celebrities and the wealthy this week. The G20 is taking place in Antalya, Andrey Melichenko paid Fethiye another visit on his mega-yacht and Brad and Angelina have reportedly snapped up a lovely little Turkish property near Izmir costing a mere $2.6 million. Blah! to whoever ... Read More »

200 million Euro boost expected from Antalya’s G20 Summit this week

g20 Summit

All eyes are on Antalya this week as 37 world leaders are set to descend on the city for the 10th leaders G20 summit. This comes just a couple of weeks after the controversial November 1st election with the new AKP government expecting the event to boost the economy by ... Read More »

“New reforms set to boost Turkish economy” promises Finance Minister

Turkish Election

Last weeks Turkish election results certainly shocked a great many people including ourselves. It’s only now, a few days later, that we are starting to see a glimpse of what our new parliament has planned for the country. The past 12 months have been tough for Turkey. Since the Justice ... Read More »

Turkey celebrates Republic Day October 29th 2015

republic day

Iyi Bayramlar from everyone at Oceanwide Properties. Today Turks everywhere celebrate Cumhuriyet Bayrami, or Republic Day as you may know it. Today marks the anniversary of the declaration of independence in Turkey. A historic day and a national celebration. The 29th of October each year is a public holiday in ... Read More »

Turkish citizenship for owners of a property in Turkey?

property in Turkey

Suprising news came to light this weekend. Turkish Economy Minister Nihat Zeybeki is said to be proposing a bill to allow foreign investors and those owning a property in Turkey the right to claim Turkish citizenship. You can tell the election is getting close when proposals that sound almost too ... Read More »

Turks residing abroad head home to buy Turkish properties

With the exchange rate standing at well over 4.5 TL to the pound, 3.38 TL to the Euro and almost 3 TL to the US dollar (according to Garanti Bank today), Turks living abroad are now rushing back home to buy up Turkish properties before the November 1st election. There ... Read More »

Bye Bye Thomson’s – the loved brand name is to be phased out in favour of TUI

Turkey Property Thomsons

Bye Bye Thomson’s –  the loved brand name is to be phased out in favour of TUI The familiar British tour operator brands of Thomson and First Choice are to be phased out, reports the Daily Mail and The Guardian. Thomson’s has been a well loved high street and online ... Read More »

Important! New changes to the Turkish residence permit application process

Turkish residence permit

Important! New changes to the Turkish residence permit application process An important notice for foreigners living in Turkey requiring a residence or work permit – new changes to the application processes have been announced. Perhaps the two most informative news articles we have read regarding the new Turkish residence permit ... Read More »

Electric cut causes chaos across Turkey

property in Turkey power cut

Massive power outages across almost all of Turkey caused chaos yesterday, as all those visiting their property in Turkey for Easter are no doubt aware. Those of us living in Turkey, especially in some of the more remote coastal areas and villages, will be used to power cuts. In fact, ... Read More »

property in turkey