Turkey, officially known as the Republic of Turkey, is a transcontinental country located between Asia and Europe. It has its capital city at Ankara whilst the largest city is Istanbul. With a population of approximately 76 million as at 2012, consisting of mainly young & upwardly mobile population, makes it an ideal country for investors who want to plough money in the country’s fast developing real estate industry.
Turkey covers a very large area of about 783,562.38 km² which again means there is a lot of potential for development. In the last decade, the Turkish real estate sector has grown tremendously. While there has been a general decline in the real estate business in Europe, Americas and many parts of the world due to the recent economic meltdown, statistics show that the real estate sector in Turkey grew even more compared to the same period last year, indicating that the sector is almost immune to the global slow-down.
Istanbul has been touted by PWC and Deloitte Consulting to be the most attractive city for real estate investment in Europe while Turkey overall is ranked 4rd most lucrative country for investment in real estate globally. The increase and appetite for foreign investors in real estate has been motivated by the potential of Turkey’s EU membership. This has accelerated holiday home owners and investors around the world to purchase properties in Turkey. Especially Izmir has been one of the most attractive places due to its slow moving , non stressful day life and beaches close to the city. More important is also the legislative amendments that have been done to several laws including the property title registry law, the mortgage law, residency and the redrafting of tax laws which all directly affect how overseas investors can buy and develop properties in Turkey. These amendments are believed to have stimulated the competitiveness of the Turkish real estate sector.
Dynamic demographic factors and good economic figures have enabled Turkey to increasingly become the choice for foreign investors interested in setting up businesses and purchasing real estate. There has been an increase in demand for homes and offices in the recent years as more global companies and foreigners demand commercial and residential real estate.
Turkey is one of the fastest growing economies in the world. If you are a real estate investor, you may not want to miss the chance to be part of this economic giant and transcontinental country. High economic expansion, millions of tourist per year visiting the country and an investment environment that is friendly and viable are some of the key points to look at in Turkey.
#StartkeyABC is your trusted advisor for all transaction in Turkey and offers unbiased and impartial advice about buying property and land in Turkey, along with a wealth of local Turkish knowledge. Whatever your price-range, we offer you a fantastic choice of locations and properties from the best and most reliable builders. We make sure you get the very best property for your budget and to make sure the purchase of your property in Turkey goes without a hitch. When you buy a property in Turkey through #StartkeyABC you are getting far more than simply bricks and mortar. You are getting the very best in customer care, before you purchase, during the purchase process and after your purchase completes. We make buying a property in Turkey a pleasurable and enjoyable experience and we have many, many clients who can vouch for this. For your reassurance, we are member of the Turkish British Chamber of Commerce and Industry (TBCCI) and all our agents are certified by the Ministry of Education.