Where Turkey Stands in Real Estate Industry?
Turkey is a beautiful country and emerging economy in the modern world. According to turkey officials the population is 81million. Turkey has a diverse history and ruled by the Ottoman empire in last many centuries. Turkey is full of culture and heritage. Turkey is a developing country and its economy is progressing. Turkey is a prime destination for tourism and hotline industry is working with tourism. The main cities of turkey as Istanbul, Ankara and Izmir. Turkey are known as well educated country where 190 universities work in public and private sectors and recently turkey announce international study visa policy which bring good impact in the economy of turkey. Turkey is progressing in the ground business and industry. Turkey is the fastest growing economy in the world as its the world 25th and European 6th fast growing economy. Turkey has open trade with many countries of the world. Agricultural is turkey main industry produce pomegranates, hazelnuts, quinces and watermelons, tea, tomatoes, eggplants, tobacco, apples, wheat and rye etc.Whereas, the other industries include textiles, food processing, automotive, electronics, tourism, mining of coal, chromate, copper and boron, steel, petroleum, construction, lumber, and paper etc includes revenue in Turkish economy.Turkey has almost equal value of imports and exports of different products. Turkey GDP is $1.665 trillion annually.Turkey exports worth is $153.6 billion and main exporters of turkey are include Germany 9.3%, UK 7.3%, Iraq 5.9%, Italy 4.8%, US 4.5%, and France 4.1%. However, Turkey main imports worth is $204.3 billion. The top imports include machinery, chemicals, semi-finished goods, refined petroleum, transport equipment, and scrap iron. The top import partners are China 12%, Germany 10.3%, Russia 9.9%, US, 5.4% and Italy 5.1% respectively.
Turkey is one of the most promising real estate markets in Europe. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 81 million people, Turkey offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output. According to the survey and reports of different institutions real estate includes 8.4% of GDP in the last decade.If we talk about investment in real estate industry worth at 10.8$ billion. In 2017, 22,234 houses were sold to foreigners in Turkey, marking a year-on-year increase of 22.2 percent. Regarding house sales to foreigners, Istanbul was the top-performing province with 8,182 sales in 2017, followed by Atalanta with 4,707 sales, Bursa with 1,474 sales, and Yalova with 1,079 sales.Turkey is offering nationality on real estate investment. The main real estate sector of turkey where investment in requires are hotels, hostels, flats, houses, apartments and shopping malls etc. The minimum investment for Turkish passport or investment is US250000$.
Turkey main searching websites real estate property
Euro Resale’s Network
R & B projepazarlama