Why Choose Istanbul
With growth rates that are triple the European average, the Turkey's GDP has tripled over the past decade (click here for comparative data). This is a phenomenal increase given that Turkey is already a sizable economy.
17th largest economy in the world and 6th largest compared with EU countries in 2017 (GDP at PPP, IMF-WEO). Turkey's impressive economic performance over the last decade has encouraged experts and international institutions to make confident projections for its future.
Going forward, according to OECD, Turkey is expected to be one of the fastest growing economies among OECD members during 2015-2025, with an annual average growth rate of 4.9 percent, and the government set a goal to be among the top 10 economies in the world in the next ten years.
You can visit The Republic of Turkey Prime Ministry Investment Support and Promotion Agency website for more comparable data about Turkish economy.
And Istanbul, Turkey's cultural and economic centre, is the key economic engine behind this success with her annual contribution to Turkey's GDP around 40%, and 47% contribution to export.
She has recently become one of Europe's hottest property markets.
Recently, PricewaterhouseCoopers and the Urban Land Institute's joint report on "Emerging Trend in Real Estate" ranks Istanbul top for development prospects in Europe.
In the past decade, the value of Istanbul properties has gone up by 10 times, especially in some certain areas of the city. However Istanbul prices still lag far behind those of other major European capitals and so there are still opportunities for investors.
Moreover, the population of Istanbul has almost quadrupled in the last 25 years and so the demand for housing stock in Istanbul lags far behind available supply and there is big need for urban transformation.
Both central and local government are committed to developing Istanbul and massive urban investment is fuelling the property market even further. Istanbul investments are therefore attracting investors looking for exceptional capital growth and high rental yields.
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