Prepared with content supplied by Colliers International Turkey in collaboration with Turkey’s Association of Real Estate and Real Estate Investment Companies (GYODER), the Report is the first time the estate market in Turkey, especially Istanbul, has been subject to comparative analysis using real estate data from around the world.
Emphasizing their dedication to promoting investment opportunities in Turkey and providing comprehensive data to foreign investors with a need for accurate information in this field, GYODER’s Chairman Dr. Feyzullah Yetgin has commended the 'REstate Turkey - A Close Look to Comparable Markets’ report as an invaluable effort promoting Turkey to foreign investors.
As Dr. Yetgin states, real estate continues to be seen as one of the safest investment vehicles in Turkey. “The sector’s capital expansion in conjunction with new regulations broadening financing opportunities in Turkey has made real estate investments more attractive. As GYODER, we are using every platform to proclaim the fact that now is the right time for foreign investors to make real estate investments in Turkey.”
Promising investment opportunities
Why Invest in Turkey?
A detailed analysis of the real estate market in Turkey, the ‘REstate Turkey-A Close Look to Comparable Markets’ report includes a comparative analysis between Istanbul and other large cities in terms of recent years’ investment yields in real estate sector sub-segments. In its ‘Why Invest in Turkey?’ section, the report draws attention to the fact that Turkey is currently the world’s 18th largest economy and is forecast to rise to the ranks of the top 15 by the year 2050. In addition, it emphasizes that with its growth potential as Turkey’s financial center, Istanbul enjoys direct air access to 400 destinations, including 22 capital cities within 2 hours flying distance.
As well as detailed market analysis of the industrial and logistics markets in and around Istanbul, the report contains an analysis of the impacts of the “Silk Road Project” on Turkey’s logistics market. It stresses how the recent massive growth in on-line shopping has boosted the need for e-commerce warehousing and storage facilities. The section on the office and retail sectors includes analysis of yields, rent levels, consumer confidence indices and market trends relating to traditional shopping center and office markets.
Drawing attention to how the Istanbul Finance Center project in the Kozyatağı/Ataşehir region is set to turn this part of the city into Istanbul’s center of attraction, the report predicts that this region will enjoy greater prominence as a prestigious office location, with rents rising in line with growing demand. The report also contains statistics on Istanbul hotel market occupancy rates, average daily room rates, revenue per room and Turkey’s overall residential market. At the same time, it interprets asset-depreciation caused by recent currency fluctuations and the recovery in yield rates as an indication that appropriate conditions are beginning to form for investors planning to enter the Turkish market.