28th February 2007 11:10
According to Turkish Daily News, global corporations such as Morgan Stanley, UBS, Deutsche Bank,
Alliance and Leicester, Credit Lyonnais, Scottish Widows, and Credit Suisse are looking to invest in Turkish
property as a means of diversifying their investment portfolio in a market with long term growth forecast. A series
of conferences in Turkey has been reported with leading Turkish financial institutions and representatives from
these companies, discussing investment potential in the Turkish property market.
The surge of
investment in Turkey has been kick-started by Dubai Holding, owned by Sheikh Mohammed bin Rashid Al Maktoum, the
ruler of Dubai, which invested US$500,000,000 in the construction of a complex in Istanbul. Dubai towers is
currently awaiting approval to start construction and is part of a $5billion investment in the city. Mohammad Al
Gergawi, executive chairman of Dubai Holding, said, "Our selection of Turkey for such a project reflects our
trust in the growth potential of the Turkish economy, and its position as a strategic international hub for
business, trade and tourism."
Turkey has also benefitted from investment from Emaar
Properties in property in Istanbul and in construction projects along the souther coastline. According to a
representative of Turkey’s leading financial institution Garanti GYO, interest in the Turkish investment
property has intensified because the property sector has achieved 40% growth while the rest of Europe averages
around 5% growth. Investors are confident in the long term profit from Turkey’s property market, and,
following the lead of multinational corporations, individual investors are now snapping up properties in Turkey
while prices are low.
Turkey named 4th fastest developing property market - Recent
research places Turkey fourth in the list of most rapidly developing property markets. - 24th April 2007 09:28
British company invests $200mn in Turkish developments - Leading
London based firm Financial Dimensions, experts in real estate and project development, have committed to invest 200
million dollars in property developments in Turkey over the next years. - 18th April 2007 10:23
Turkey's tourism encourages property investors - As one of Europe's
most buoyant emerging property markets, Turkey is experiencing an influx of foreign property investment. - 10th April 2007 08:59
Research shows Bodrum is investor's best bet - Recent research
carried out by Obelisk International, a major real estate company, has identified the Bodrum peninsula in Turkey as
the top investment location for 2007. - 3rd April 2007 09:40
Luxury housing projects take off in Turkey - Turkish press and real
estate institutions alike are full of the buzz of Turkey’s exclusive multimillion-dollar property projects,
which have revamped properties in a number of areas for the rich and famous. - 26th March 2007 09:15
Istanbul tipped to win European city of the year award - Although
Turkey has yet to join the European Union, Istanbul is considered as one of the favorites for the European City of
the Year 2007 award. - 23rd March 2007 17:33
Turkey's new mortgage market - February saw Turkey’s first
ever mortgage law approved in Turkish courts. - 22nd March 2007 09:58
Bodrum benefits from Turkey's tourism master plan - The popular
Aegean town of Bodrum and the Mediterranean holiday resort Alanya will be the beneficiaries of Turkey’s
tourism budget for 2007. - 13th March 2007 10:12
Property: Turkey's primary revenue? - The anticipated property boom
in Turkey is happening even faster than experts predicted, outstripping other sectors on economic growth. - 7th March 2007 09:21
