Invest in Real Estate In Istanbul, Turkey

Gokce Nacar

Mar 18 955 read

Invest in Real Estate In Istanbul, Turkey

Istanbul, being a home to millions of people for thousands of years, has been shining again as an international business and investment center. The fast growing economy in Turkey and Istanbul has been one of many reasons for this shine. Multinationals are also welcome to Istanbul for investment, as it is easy to invest in Turkey when you are focusing on investment in Istanbul. Economy of Istanbul is growing so fast, that it is larger than 130+ countries’ economies. You can invest in Istanbul today!

Turkey’s economic growth has been steady over the years. Istanbul has a main role in this growth. It is the heart of Turkey’s economy since it has US$31 k GDP per capita income, which corresponds to more than two times of many countries’ average. When you compare it to 2001, GDP per capita in Istanbul has folded itself to almost five. Foreign trade volume in Istanbul is US$216 billion. This growth owes its success to 75.000 thousand companies in Istanbul who are workin with international trade in Istanbul.

Mercer’s Cost of Living Survey is one of the world’s most diversely and comprehensively designed surveys that helps multinational companies and governments in determining compensation allowances for their employees. This survey includes 209 cities across five continents, measuring more than 200 items in each location that includes housing, food, entertainment, transportation etc. Companies and governments use data that come from this survey to protect purchasing power. Istanbul is ranked the 142nd city in the cost of living survey. This means Istanbul offers a low-cost city life that is beautifully located between the crossroads of Europe and Asia. Did you know that Istanbul is larger than some of the most important cities in the world? Istanbul is larger than Toronto, Frankfurt, Dubai, Sydney and many more. Therefore, you have lots of options on where to buy real estate in Istanbul.

Geographic location and cultural sites of Istanbul enhances the value of investments in the city. If you visit Istanbul, you will see the luxury disctricts with houses gaining price value every day. You can invest in houses in Istanbul today in order to make money.

Istanbul is an inspiring and money-making economic center of growth. If you are still not convinced about why you should choose Istanbul for investment, maybe some numbers can help you:

449 Billion Dollars of GDP

Istanbul’s gross domestic product is 449 billion dollars. This is more than the half of Turkey’s. So you can say that the economic heart of Turkey is Istanbul. Istanbul is the place where business happens the most in the country. With its always flowing money and dynamic economics, investing in real estate in Istanbul is the right choice.

In Istanbul’s stock exchange, you will find 513 which demonstrates a dynamic ecosystem of money. Stock exchange approximately has 1.9 rillion trade volume.

Istanbul has a population of 15 million.

This means many customers and workers. We should also add that this number of 15 million is growing every day, with people that are looking for new houses to buy and invest upon. Istanbul’s cosmopolitan and multicultural population offers investers and enterpreneurs a broad range of demographic possibilities, therefore it is almost impossible to not find any clients to sell in Istanbul. The cosmopolitan spirit of the city attracts tens of thousands of international companies. If you are visiting Istanbul, you will see how this 15 million population affects the city’s texture. You can think like you are investing in a little Paris! Istanbul is growing constantly with its diverse population.

Turkish Airlines is #1 in Europe

Turkish Airlines has been named “Europe’s Best Airline Company” for five years. This award is decided through 13.02 million survey questionnaries, so it is definitely reliable. A flowing air traffic in and out of Istanbul means flow of money. Turkish Airlines fly to almost every country in the world, therefore transportation in Istanbul is no problem.

If you are still not convinced to investing in real estate in Istanbul, you can check our other articles on investment such as Invest Startups and Buying A Property process in 7 Steps.