+90 543 267 68 68 . . 0543 267 68 68


Turkiye has undergone a profound economic transformation over the last decade and its economic fundamentals are quite solid. It is the 17th largest economy in the world and the 6th largest economy in Europe with a current GDP of approximately USD 786 billion in 2012.

Favourable geographical position of Turkiye, population growth and demographic advantage, increase in per capita income, urban renewal and development adequacy, mass capacity and power in the Turkish construction sector and easiness of doing business are all demand drivers of the real estate sector in Turkiye. 19.5% of the total GDP represents the construction and real estate sectors in Turkiye, which creates great investment potential in the sector. It is important to note that, real estate, rental and business activities in GDP, increased from TRY 1 billion to TRY 19 billion in 2012.

The average share of construction, real estate, rental and business activities and new house sales in total GDP increased by 16.7% between 2000 and 2005. However, the sharpest increase was observed between 2006 and 2009 with 20.5%. Looking over the “investment” side, it is seen that the FDI inflow rose to USD 13.22 billion in 2012, real estate and construction received USD 1.601 billion of total FDI. Following the enactment of the reciprocity law, sales of real estate to foreigners marked an increase in the last two quarters of 2012, and reached USD 2.64 billion. The Ministry of Environment and Urbanization announced that real estate sales to foreigners increased from 2% to 5-6% in the last ten months of 2013.

Turkiye’s commercial capital, Istanbul, is a gigantic city with an abundance of historical and cultural assets as well as ample commercial opportunities, as such, the city can compete with other metropolises like Moscow, Paris, London, Tokyo and New York. Emerging Trends in Real Estate Europe 2013, prepared by PricewaterhouseCoopers (PwC) and Urban Land Institute (ULI), ranks Istanbul as the most attractive real estate market with regard to “Development Prospects” based on the city’s exciting real estate potential.

Similarly, Turkiye was listed as “the top improver” in the Global Real Estate Transparency Index 2012, which measures real estate investment performance with owned real estate, public real estate securities and unlisted real estate funds among 97 markets. The potential of the market and clarity in transaction process enabled Turkiye to be ranked as top improver in the last two consecutive years.

Major facts and figures about the existing situation, strategic plans and the future projects in the pipeline show that the real estate sector bears huge potential for investors. The total number of houses sold reached 529.000 in property market in 2013,299 shopping centers with a total gross leasable area of 8.2 million sqm are operating all over Turkiye. 91 shopping centers located in Istanbul represent 46% of the total leasable shopping centre area in Turkiye. There is vast potential for investors in the retail market since only 54 of the 81 provinces have shopping centres in the country. Office construction licenses obtained throughout Turkiye increased by 27%, reaching 6.84 million sqm.

Sosyal Medyada Bizi Takip Edin !