Property sector in Turkey reaches new high foreign investments
A report released by the Turkish Real Estate Association has stated that foreign direct investment (FDI) in the property sector in Turkey has more than doubled in the second quarter of 2011.
The report, by The Association of Real Estate Investment Companies (GYODER) titled: 'Real Estate Sector in Turkey and the World Second Quarter 2011' found that FDI in the Turkish property market reached a two year high in the second quarter of 2011, measured at USD 200 million � up from USD 91 million in the first quarter of 2011.
The report also found that the total value of real estate sales to foreigners in the second quarter of 2011 was measured at an unprecedented USD 781 million, this translated as the highest amount of sales of real estate in Turkey in eight quarters.
The most prominent investments in to real estate were in the shopping malls, warehouses, offices, and property sectors.
Property and real estate in Turkey is currently a hot market for investors to put their cash in to. While certain countries in Europe are weakening as the Euro crumbles, property investments in countries such as Spain and Italy are no longer a viable option for profit for investors. For this reason, a country such as Turkey, which has seen world leading growth this year and has a stable outlook economically in the future, is proving to be a hot spot for investments in property and real estate. Property and real estate in Turkey is high quality and can be found at a good price, grab it while you can because property prices in Turkey are rising to reflect the rise of Turkey.
The report also found that in the sector, business investments in Turkish real estate also increased and commercial real estate purchases has also sustained a period of growth due to the economic growth in Turkey. The need for offices and shopping centres in the Turkish market has led to more and more investments in these kinds of real estate purchases in Turkey.
So as the report shows, the property and real estate market in general in Turkey is heating up. More and more investors are flocking to Turkey to invest their money in Turkish property, with such good return on investments to be had; it is no wonder why investors are looking to the Turkish property market in an economic situation like this.
Last edited by summerhome; 04-17-2012 at 12:51 AM.
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