Real Estate in Turkey Important Information About the Turkish Real Estat

The real estate sector in Turkey has witnessed a major transformation in the field of attracting
investment opportunities for investors. While the US and European real estate markets are
negatively impacted by the economic crisis and the global financial crisis, Turkish real estate
markets are witnessing a strong recovery. It is also noted that while real estate markets
throughout Europe are experiencing a significant drop in demand and a decline in real estate
prices, Turkish real estate markets are witnessing a big rise in demand, where we notice an
increase in the sale of housing units according to statistics published by the Turkish Statistical
Institute, in some periods about %20 have risen compared to similar periods of the past years.
This shows that the Turkey real estate sector has high and exceptional growth potential.
The Turkish real estate sector offers great investment opportunities for those wishing to invest
in it, thanks to the housing factors which are witnessing a positive growth with the country's
growing economy. As the increase in industrial and commercial activities in many parts of the
country contributed to the increase in demand for workplaces and housing units significantly.
What are the strength and weakness points of the Turkish real estate sector?
Strength Points:
Sound banking system.
The mortgage system has been newly applied.
The presence of excellent construction companies that are worldly famous.
Weakness Points:
The lack of suitable land and their high prices, especially in Istanbul city.
Rise in the number of old properties that are not suitable for the mortgage system.
What are the expected opportunities in the Turkish real estate sector?
 The demolition of illegal buildings and the constructing new buildings of high quality in
the context of efforts to rebuild the structure of the city through the real estate
development.
 Growth susceptibility associated with the increasing demand and low supply of housing
units.
 Increasing the quality of the property according to the laws of seismic management.
 The increasing need for housing and workplaces.
Brief information about the real estate taxes in Turkey: