Turkey is one of the most promising real estate markets of Europe and the Middle East, as its location.
With its strategic location at the intersection of Europe, the Middle East, and Central Asia and a population of almost 81 million, Turkey combines the strong construction sector with the ever-growing commercial and industrial production to offer great choices to real estate constructive and enterprise.
According to information provided by the real estate sector data of Turkey; The real estate sector accounted for about 8.4% of GDP over the last decade. On the investment side, total foreign direct investment (FDI) inflow recorded as the US $ 10.8 billion in 2017, while the share of real estate and construction sectors in this amount was the US $ 4.6 billion (42.9%).
Some foreigners look for property for sale in Turkey to invest their future. Also, many foreigners are interested in with the apartment for sale in İstanbul be cause they think the most attractive city for the investment in Turkey is İstanbul.
15 % of real estate sold in Turkey, are purchased by foreigners. Contrary to what believed, most of them are citizens of the European countries, which are at the top of the list of recipients, rather than Arab countries. In addition to Turkey's geographical characteristics, it is another factor that Europeans have invested enough in their own countries and want to spread to overseas countries. Estimated share of Arab nations in sales is around 20 %.
It is believed that the most suitable item of the property is the land. Middle Eastern investors generally prefer to buy from projects to be completed within a couple of years. The fact that European tourists have invested in the south coast of Turkey in the past and the fact that Middle East tourists have recently looked at the South regions can show as proof that investments are also, made outside of Istanbul, any more.
Because of many reasons which some of them are summarised in this article, foreigners continue to buy a property from Turkey.
Last Updated: 26.12.2018 12:04:56