Real Estate
Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 82 million people, Turkey offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output.
The total number of homes sold in the Turkish property market reached 1.4 million units in 2018; likewise, sales of real estate to foreigners began to increase following the abolishment of the reciprocity law in 2012.
Annual gross leasable area growth in the office market has been around 42 percent on average between 2010 and 2019.
433 shopping centers are operational 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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Comments
it was a very beneficial experience to us. Turkey’s location is so efficient. We had some concerns about the quality and timing but we didn’t face with any of them. Industry Istanbul was great on negotiation.
We have been doing business with Turkey with the connection of Industry Istanbul for 6 months. We are comfortable with their quality approach and time of delivery.
Industry Istanbul is a key solution partner for doing business in Turkey. While we can’t reach the manufacturer, they are always online and ready for the information.