Real estate sector in Turkey has become more popular in last ten years and offering attractive advantages to investors. Unless Europe and USA, Turkey’s real estate sector has not affected by economic crises and still auspiciously evolving.
Although reduction on demands followed by price declines being observed in Europe, comparing to 2010, Turkey Statistics Office measured %18 increase on apartment purchases in 2011’s first quarter. Thus, shows a great upgrowth potential of Turkey’s real estate market.
According to Turkey Statistics Office’s datas, increase of residence building certification over last ten years was recorded as; in 2003 – 202,839, in 2012 – 741.592.
Increase on housing loans over last five years was recorded as; in 2008 – 38.9 billion TL, in 2012 – 86.04 billion TL according to data of BDDK.
While foreign investors having their place in Turkish real estate sector benefits competition to evolve, unifications and purchases making positive affects on evolution of the sector on the other side. According to “Europe – Increasing Values on Real Estate” report which prepared by Price Water House Coopers (PWC) and Urban Land Institute (ULI) has shown how Turkey Real Estate Sector is the center of attention in local and global scale.
According to that report’s copy published in 2012, İstanbul reached top by leaving Munich, Warsaw, Berlin and Stockholm behind in “current investments”, “new investments” and “improvement” categories. Alongside, According to research of Association of Foreign Investors in Real Estate (AFIRE), Turkey was 3rd in real estate investments in developing countries.
Turkish Real Estate Sector is offering investors great advantages through it’s improving economy and changing population factors. Increasing commercial operations in areas which have dense industry and transportation are also hastily increasing the necessity of housing.
5.529.405 residental projects has been constructed between 2002 – 2012 in Turkey by public and private sectors.
Public Housing Administration (TOKİ) has constructed 580.000 houses throughout the country in last ten years.
TOKİ done 50 billion TL investment over last ten years.
Another Public Establishment; Emlak Konut GYO, is also the biggest investment partnership on real estate sector with 7 billion 646 million TL by it’s real estate portfolio and land stocks.
Turkey’s global role in real estate sector means improvement in economic and social fields. This process attracts a lot of advantages naturally. Especially continuing and new projects on real estate sector makes Turkey attractive country for investors.