According to the statistics of 2018, Turkey is the 17th biggest economy.
Details for click : Property Investment In Turkey, Istanbul
with a GDP exceeding 849 Billion Dollar, Together with Turkeys strategic location which is providing a bridge between 3 continents is also known to be on one of the most important trade routes. The main objective for Turkey is to enter the top 10 economies by 2023, especially from the beginning of the 2000s Turkey has exhibited a serious economic growth.
The Turkish economy who reached a record growth has managed a 9.2% growth in 2010 and 8.8% in 2011, which creates a constant increasing interest from Foreign Capital and Foreign Investors from all over the world.
Across Turkey, 447 shopping centers with 13.6 million m2 of gross rental area are actively operating. 130 shopping centers in Istanbul with a total gross rental area of 5.1 million m2 are 37 percent of the shopping centers with total rental space in Turkey.
Total logistics real estate stock in Kocaeli and Istanbul in 2020 is 10.2 million m2. In 2020, 318,000 m2 logistics leasing transactions were made, which has increased almost three times compared to the end of 2019.
Residential real estate prices throughout Turkey increased by 30.6% until the first quarter of 2021. The M2 was 4,054 TL (502 USD).
Turkey’s real estate investments are supported by local demand and offer very advantageous opportunities for foreign investors.
Property Investment In Istanbul
Housing sales increased by 11.5% throughout Turkey and especially in Istanbul. In Ankara, there was an increase of 18.6%.
The overall real estate market in Turkey is very attractively priced and the fast and profitable return on real estate investments continues to attract many investors.
This year, the housing market in Turkey is expected to grow and increase.
Investors’ increasing satisfaction with returns accelerates the movement in the market. Lux real estate, residence, apartment and some private mansions are offered for sale.
Best Choices to Invest for Foreign Investors
Some investors prefer Aegean and Mediterranean coasts because they demand a seaside lifestyle. Most of the Russian and German investors want the Antalya region. Most of the British preferred Aegean, Didim, they bought almost most of the properties in the region. Some investors prefer Istanbul, which is a more commercial metropolis.
Istanbul is the city where the most housing sales are made to foreigners. They prefer facilities with common areas, large estates and projects, real estate where social activities and entertainments are intense. One of the reasons for the preference of real estate investors is that they have conditional payment options suitable for projects. Return on investment is also attractive.