Business & Industry

Ago 1, 2015

Real Estate Investments in Turkey

Turkey is the best link between Europe Asia and Africa, meaning 1,5 billion people and a GDP of USD25 trillion are within reach. 

<

With new government investments and the construction of modern infrastructures, the country prepares itself to become one of the world's industrial and economical powertrains. This is the time to buy properties in Turkey. Take it!

Turkey has undergone a profound economic transformation over the past decade and its economic fundamentals are quite solid. It is the 17th largest economy in the world and the 6th largest economy in Europe, with a GDP of approximately USD 820 billion in 2013.

The demand drivers of the Turkish real estate sector are advantageous geographical location, population growth and demographic advantage, increase in income per capita, extensive urban renewal and development, large capacity and power in the construction sector and ease of doing business. The real estate sector in Turkey represents 19.5 percent of total GDP, which brings great investment potential to the sector. The GDP share of the real estate sector increased by 2.3 percent in 2000 and 3.8 percent in 2012. The average share of construction, real estate, rental and business activities and new house sales in total GDP increased by 16.7 percent from 2000 to 2005. However, the sharpest increase, of 20.5 percent, was between 2006 and 2009.

On the investment side, FDI inflow rose to USD 12.5 billion, while real estate and construction garnered USD 1.6 billion of total FDI in 2012. Sales of real estate to foreigners began to increase following enactment of the reciprocity law and reached USD 2.64 billion in 2012. The Ministry of Environment and Urbanization announced that real estate sales to foreigners increased from 2 percent to 5-6 percent in the last ten months of 2013.

The current situation, along with strategic plans and future projects in the pipeline, bears huge potential for investors in Turkey's real estate sector as the number of real estate properties sold reached 290,000 in 2012.

Retail area availability

In terms of available leasable area, there are about 300 operational shopping centers in Turkey with a total of 8.2 million square meters. The shopping centers in Istanbul – around 30 of them – represent 46 percent of the total leasable shopping center area in Turkey. Office construction licenses obtained throughout Turkey have increased 27 percent, reaching 6.84 million square meters.

There is still room for investment in the retail market since only 54 Turkish cities out of 81 have shopping centers. 

In order to cope with industry and commerce demands, the Turkish State Railways' (TCDD) has started a investment program that will spend over USD240 million on building logistics centers.

Residences renewed

Urban renewal and transformation projects, officially started in Turkey after the enactment of Law No. 6306, the Renewal of Regions that Are Prone to Disaster Risks in 2012. Under the scope of this law, 6.5 million residences will be included in the Urban Renewal and Development initiative. A budget of USD 400 billion was allocated for this initiative with the private sector playing the largest role. 

Currently, there are a total of 19 million residences in Turkey, and according to the Ministry of the Environment and Urbanization, 14 million residences are prone to natural disasters. The Urban Renewal and Development Plan will take action on these residences. 

The Ministry of the Environment and Urbanization decided that urban transformation projects will start in the areas of the highest risk. The cities most at risk are located on the seismic fault, such as Istanbul, Koceli, Sakarya, Bursa and Izmir where major projects are underway.

These ambitious targets for urban renewal and development projects offer many opportunities for investors, especially in the construction and real estate sector. 

Invest now!

In conclusion, the properties market – either housing, retail, office or industry – in Turkey is booming, and will continue growing for the next years, fueled by large construction and development projects. 

The opportunity is around the corner, you just have to take it. Some of the bigest and most important real estate agencies are represented in Turkey, via local partnerships or brand offices, willing to help investors find what they desire most.


Mais artigos

DestaquesArtigos

  • 6120ee_380c3a7c8b5b4d3db31ca50125ff7f7b~mv2_d_4657_3264_s_4_2.jpg_srz_1081_758_85_22_0.50_1.20_0.00_jpg_srz

    Sport

    Mar 1, 2017

    RUGBY EM CADEIRA-DE-RODAS - NUNCA DESISTIR

    Poderíamos imaginar que o rugby é um jogo demasiado físico, para ser praticado por pessoas com deficiência. Bem, com crianças seria o mesmo, mas elas adoram. As pessoas com deficiência não são flores e, com a postura correcta...

  • Depositphotos_96937952_xl-2015

    Luxury & Fashion

    Abr 1, 2017

    LÃ DE CAMELO - DE QUENTE PARA MAIS QUENTE

    Se já sentiu arrepios ao ver o preço de um casaco de lã de camelo, pense só no conforto que tal investimento lhe poderia trazer em noites mais frias. A lã de camelo é um tecido macio, fofo, confortável, quente e respirável.

    ...

  • 1

    Lifestyle & Travel

    Dez 11, 2018

    Hotéis de sete estrelas

    " Você deve ter notado que qualquer hotel em que você já se tenha hospedado orgulhosamente anuncia sua "classificação por estrelas". A maioria dos hotéis nos Estados Unidos opera num sistema cinco...


  • parrilla

    Food & Beverage

    Mar 1, 2017

    GASTRONOMIA DO URUGUAI - UMA DELICIOSA SURPRESA

    Tido muitas vezes como um continente de desequilíbrios, a América do Sul guarda ainda muitas pequenas maravilhas quase inexploradas. É o caso do segundo menor país deste continente, o Uruguai. É um dos países mais desenvolvidos...

  • 226c441149909061a3a62986fcadd917

    Sport

    Abr 1, 2017

    NAGINATA - A ARTE QUE FAZ O CARÁCTER

    Se há herança que o Oriente vai dando à Humanidade, é inegavelmente, uma diversidade de disciplinas que procuram a evolução do Ser e que conduzem à elevação física, mental e espiritual. Artes Marciais como o Karaté, incluído...

  • 3041392_lunarhabitationfosterpartners1

    Research & Education

    Abr 1, 2017

    MOONTOPIA - CABEÇA NA LUA

    Quase cinquenta anos após o sucesso da Apollo 11, a primeira vez que o homem andou na Lua, a Corrida Espacial ainda apenas começou. O século XXI, tem trazido novos horizontes para a conquista do espaço, como o Homem sempre sonhou.

    ...


  • 1

    Home & Design

    Ago 1, 2015

    Soft and cozy only from Vitebsk

    The carpet in the house carries out some functions: warms a floor, gives a cosiness and integrity to an interior, connecting in harmonious unity its separate components. Therefore the given accessory choose in conformity with style of...

  • 01

    Luxury & Fashion

    Fev 1, 2017

    A ARTE RENASCENTISTA DA JOALHARIA RUSSA

    Engenhosos artesãos russos do passado deixaram sua pegada brilhante na história da arte da joalharia. Com a ascensão da arte joalheira russa no século XIX, a glória da C. Faberge, Khlebnikov I., P. Ovtchinnikov, M. Perkhin, I....

  • 1. Ecomation-OY-Tires-Never-Tired

    Technology

    Nov 1, 2017

    PNEUS NUNCA ACABADOS

    A cada ano, a Finlândia produz mais de 50.000 toneladas de pneus carecas. Parece muito? E se você tentar fazer o exercício para calcular o total, só na Europa? Agora, tenho certeza que isso soa como um filme de terror.