CNVEST Analytics gives importance to numbers for investors in order to make them having profitable properties.
The real estate sector accounted for approx. 8.4 percent of GDP in the last decade. On the investment side, FDI inflows stood at USD 13 billion, with real estate and construction garnering USD 5.9 billion (45 percent) of total FDI in 2018.
Urban renewal and mega projects dominate the agendum for the foreseeable future, particularly in Istanbul. Some projects in Istanbul include Marmaray, Canal Istanbul, Yavuz Sultan Selim Bridge, Eurasia Tunnel, 3-Storey Grand Istanbul Tunnel, and Istanbul’s 3rd airport.
134.000 is the total number of home sales to foreigners in Turkey between 2013 and 2018.
Since 2013, first-hand house sales have grown on average by 5.7 %, and second-hand house sales have grown by 4.5 %.
Housing loan size is increasing every year in a healthy manner, housing loan rates are in a downward trend.
Construction costs increased by 39.7 % compared to last year, while housing prices in Istanbul only increased by 3.3 % .
Housing gainings since 2001; 45% more than bank deposits and 243 % more than USD.
People need 730.000 new housing per year due to population growth and shrinking households in Turkey.
According to 2019 data, 46+ million visitors visited Turkey in 2019. Tourist numbers have increased 14 % July 2018 and 2019.
Purpose of visit 90.8 % Leisure and 9.2 % Business.
Europe’s 3rd preferred destination.
Annual tourists 13.5 million and Istanbul’s population is 14.9 million.
More than 300.000 + Expats.
433 shopping centers are existing in Turkey with a total gross leasable area of 13 million square meters. 126 shopping centers in Istanbul with a total gross leasable area of 4.8 million square meters represent 37 percent of the total leasable shopping center area in Turkey.
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