According to an emerging trends in real estate report of tax and consultancy company PwC and global research and education institute Urban Land Institute (ULI), Istanbul was ranked the first thanks to its strong economic growth opportunities, and demographic features created by young and growing population.
"Turkey continues to be the only investment option in Europe in the medium and long term for European real estate investors who have solved their own finance problems," PwC Turkey's real estate sector leader Ersun Bayraktaroglu said.
Bayraktaroglu said the results of the report should be interpreted in a way that there could be an influx of international investors in Turkey in the short term.
Moreover, ULI Turkey's head Haluk Sur said Turkish real estate industry would continue to be attractive in 2012, and foreign real estate investments in Turkey could climb to 5-6 billion USD in the near future, and then to 8-9 billion USD. Sur said foreign real estate investments in Turkey could be around 4-5 billion USD in 2012. |
Source : en.cumhuriyet.com
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