Already accepted as one of the most popular cities in the world, Istanbul has started to catch both local and foreign investors’ attention more and more. For many years, there have been great advancements in the real estate sector and many projects have been develeoped.
Currently, Turkey is the 5th fastest growing property in the real estate sector in the world ranking which shows that many big cities will continue developing its features. Like in Istanbul, the price growth coming with the advancements has caught investors’ eyes rapidly. According to the Turkish Statistical Institute the interest for Istanbul has growed; the city has peaked with its top property sellings (23.197 properties) in May 2015.
According to the institute, the foreign investors have purchased 636 properties in Istanbul which has helped the city become number one in the field as well. Antalya, Bursa, Aydın, Yalova follow this ranking. Many people think that although the bad economic performance has occurred from time to time in Turkey, Istanbul is a very good opportunity and a great advantage for those who want to buy a property. After the completion of the major projects the property prices in the market are expected to rise as there are more and more investors emerging in the area.
This rapid rise in Turkey is the result of the attraction of foreign ivestors. What is the reason? The government’s support is the key but the demand coming from some countries like Saudi Arabia and the domestic demands are some of the supporting facts.
As the most popular city in the country, it is no doubt that Istanbul will keep its special and unique place.