Europe’s most promising real estate market is one of the real estate market in Turkey often used for “location, location, location” to say I’m quite an appropriate saying the country. Europe, Middle East and with a population close to its strategic location and to 81 million in Central Asia, the intersection of Turkey, bringing together a strong construction sector with the growing commercial and industrial manufacturing offers great opportunities for real estate developers and investors.

Some important facts and figures on the real estate sector in Turkey are as follows:

• The real estate sector has made up about 8.4% of GDP in the past decade. On the investment side, total foreign direct investment (FDI) inflow was recorded as $ 10.8 billion in 2017, while the share of real estate and construction sectors in this amount was $ 4.6 billion (42.9%).
• Urban transformation studies and mega projects, especially for Istanbul, direct the activities in the near future. Marmaray, Kanal Istanbul, Yavuz Sultan Selim Bridge, Eurasia Tunnel, 3-Storey Grand Istanbul Tunnel and Istanbul’s 3rd airport are among the mega projects in the city.
• The Urban Renewal and Transformation initiative will cover 7.5 million residences. The private sector contributes greatly to this initiative, which has a budget of 400 billion USD.
• According to the Knight Frank Global House Price Index, Turkey, in the 3rd quarter of 2017 the annual price index increase has taken place # 6 out of 56 locations. Turkey, with prices showing an annual increase of 11.1% in Australia, leaving behind Latvia and India has become one of the world’s best performing of the housing market.
• The total number of residential properties sold in the market of Turkey in 2017 reached 1.4 million units. Real estate sales to foreigners started to increase with the abolition of the reciprocity law in 2012. In Turkey in 2017 compared to the previous year, an increase of 22.2% was sold to a total of 22 234 housing units to foreigners. In the sales of residents to foreigners, Istanbul ranked first with 8,182 sales in 2017, followed by Antalya with 4,707 sales, Bursa with 1,474 sales and Yalova with 1,079 sales.
• Class A office stock in Istanbul has exceeded 5.3 million square meters in 249 office buildings by the end of 2017. The average annual increase in the gross leasable area in the office market between 2010 and 2017 was about 12%. The construction of more than 1.2 million square meters of office supply is ongoing and as of the end of 2020, the total class A office supply is expected to reach approximately 7.1 million square meters of gross leasable area.
• Turkey has 401 units in operation in the shopping center; The total gross leasable area in these shopping malls is 12.2 million square meters. 4.2 million square meters of gross leasable area of ​​114 shopping center in Istanbul, correspond to 34% of the total leasable area of ​​the shopping center in Turkey.
• Istanbul is the 6th most attractive market in Europe after London, Paris, Moscow, Milan and Madrid, according to the JLL 2016 Cross Border Retail Attractiveness Index.
• Despite growth in recent years, Turkey is still behind in terms of total per capita average leasable area of ​​the European average. This indicates that the growth potential in the retail sector continues.
• Culture and Tourism Ministry ‘of 2016, according to the data by the end of 3641 Total rated hotels in Turkey and this hotel is located at 426 981 Total rooms. While 42.7% of the hotel stock is comprised of 5-star hotels, the share of 4-star hotels in this stock is 24.8%; The share of 3-star hotels is 12.6%.