It’s obvious for everyone how Turkey has become really powerful in the Investment field worldwide especially in Real Estate,

But will it keep it that way in the Future?!

If you are thinking about investing in Real Estate in Turkey and searching for information that will help you decide,

Well, this article is definitely for You..

 

At first, let’s figure out why Turkey became a rising star among the world’s economy in the first place:

1- Location: Comes on top of those reasons, the geographic location of Turkey between Europe and Asia, so it connects between Arab and European Culture.

2- Nature: Turkey started at first to be well known as a fascinating tourist destination – especially in Arab countries-.

3- Development Projects: The Turkish government put lots of efforts in improving the infrastructure in the biggest cities, so that the track would be smoothened for internal and external investments.

4- Low Currency: It’s Cheaper to invest in Turkey rather than so many other countries, and that’s what made many investors choose Turkey to put their money in.

5- Growth: This one might be the Heart of Real Estate Investment in Turkey,

The population growth rate is more than 8.07%, that’s why investing in Real Estate is worthy no matter what.

 

So is this current prosperity going to stay?

Actually it’s most likely that it’s not just to stay, but also to improve.

Researchers say that The Turkish Economy is to be one of the most powerful 15 economies among the world by 2050.

 

The Real Estate Investment can be divided into 2 kinds:

 

  • Investment in The Crowded Cities:

Like Istanbul, Ankara…etc,

In this kind it’s expected to get its benefits in (1-5) years.

It could be Commercial or Touristical, though the first one might have better rates.

 

  • Investment in the cities far from huge population:

Like Antalya, Bursa..etc

           And this one is basically a long-term investment,

And here tourism comes first than the commercial. 

 

Since Istanbul is the biggest city in Europe in population with more than 15.52 million, the turkish government knows how important its position is going to be in the future,

So it’s working on Infrastructure and transportation projects in istanbul,

And from these projects:

 

1- “Istanbul new airport” which has already been opened, but when finished in 2028 it will be able to take 200 million travellers every year.

2-  “Istanbul new canal” to reduce the crowding in the Bosphorus, and it’s planned to be finished in 2023.

3- “Sultan Gazy Othman Bridge” which is going to connect between Istanbul and Yalova, and going to cut down the distance between Turkish cities.

For example: from Bursa to Istanbul to be 3.5 hours instead of 7.

And it’s expected to be finished in 2023 too.

 

Don’t forget when taking the decision whether to invest in Turkey or not, to consider your targets really good and to choose the place you are going to invest in very carefully..

So that you can achieve the Success you are aiming for your investments.