ABOUT TURKEY’S REAL ESTATE

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:

  1. Legislative reforms that now facilitate Turkish Citizenship to foreign investors relative to their investments.
  2. Campaigns organised by Banks and Real Estate Developers.
  3. 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.

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