The TurkishConstructionIndustry ranks second, after China, while having $ 11 billion worth of investments in over 30 countries, as the Minister of Environment and Urbanisation stated at the world’s largest Real Estate fair-MIPIM 2019 in Nice, France.
And according to the Turkish Investment Office President,
from 2002 up to date with $ 55 billion coming from Real Estate and related sectors,
Turkey has given the thumbs up to over $ 210 billion worth in investment.
The above is in appreciation to:
- Legislative reforms that now facilitate Turkish Citizenship to foreign investors relative to their investments.
- Campaigns organised by Banks and Real Estate Developers.
- Complimentary foreign currency exchange rates.
In 2018, the Middle East (Iran, Saudi Arabia, Kuwait ) and Russia, being the majority of buyers and investors, contributed to the 78.4% increase in Real Estate sales.
Now, according to the Turkish Statistical Institute, at the start of 2019, there was an immediate 3.5% increase in Real Estate sales to foreign investors.