Turkish Prime Realty
Turkish Prime Realty Blog
Investing Istanbul
Property Future In Turkey
Turkey has been champion of annual growth over recent years contrary to declining EU economies.
The number of foreign direct investment projects drawn to Istanbul surged 70% in 2011. Strong recent and potential growth, accessibility and emergence as an important air travel hub have sweetened its appeal for foreign investors.
In 2012, many multinational groups announced plans for regional management centers located in Istanbul to leverage the easy connectivity to target markets, including the Middle East and African nations.
International companies have established regional headquarters in Istanbul to run their operations in Eastern Europe, Central Asia, the Middle East and Africa.
Real estate fundamentals in the country are sound, as the country has historically benefited from a high-performing economy, high employment, industrialisation, rapid population growth, urbanisation, an increasingly active real estate investment trust (REIT) market, increasing foreign direct investment and considerable social housing investment by the government's Housing Development Administration (HDA), Business Monitor International reports.
According to 2012 Global Real Estate Transparency Index, Turkey shows the world’s greatest improvement in real estate transparency.
After a strong rise in the rankings in the 2010 Index, Turkey has maintained its progress over the past two years. The increased availability of market data and clarity in transaction processes has seen the country top the global rank of transparency improvers.
There are now 24 listed real estate companies in Turkey, a significant increase from 2010, as well as active institutional players in the market, which has had a notably positive effect on the office sector.
Turkish Prime Realty
Turkish Prime Realty Blog
Investing Istanbul
Property Future In Turkey
25 top rapid growth markets are defined on the basis of three key criteria:
• Proven strong growth and future potential
• Size of the economy and population
• Strategic importance for business
The chart below shows the GDP growth of top 25 rapid-growth markets over the last 10 years, comparing these with the leading advanced economies in yellow.
Taken together, the rapid-growth markets have grown on average by 5.8% a year over the last decade, more than three times as fast as the advanced economies.
Turkish Prime Realty
Turkish Prime Realty Blog
Investing Istanbul
Property Future In Turkey
