Material on this website is © 2012 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See 
Real estate investment in TurkeyFrom reluctance to appetite |
.jpg)
With the recent stagnation in the global economic climate; Real Estate is by nature among the industries under attention. To make accurate predictions for the future; it is important to have a look at the industry’s past and current performance. The years 2002 – 2007, as witnessed, was a “golden era” for the Turkish Real Estate Industry. Fuelled by growing foreign and domestic demand, investments have reshaped the industry. However, the sub-prime crisis and the waves of credit crunch made the expectations gloomy for 2009. The recovery in global economic outlook and Turkish economy; new laws and regulations promoting investment; insufficient house supply, increasing population; continuing urbanization; restoration of consumer confidence; need for more shopping malls as well as office space and industrial real estate in many large and developed cities of Turkey; all of them may be the signs of an upturn in 2010 and 2011.
Deloitte Turkey Real Estate and Construction Industry Group prepared a comprehensive guide detailing in a spectrum of real estate acquisition in Turkey by foreigners under Turkish law, tax practices and taxation of REITs.
Page Last Updated
Real estate investment in Turkey - From reluctance to appetite
(306.64 KB)
