Real Estate in Turkey

Turkey real estate is huge right now, but what is Turkish real estate really. Well, it depends what way you look at it.

Real estate means property, but not in the property world. In the property world we call property property, unless the you in that we is American, then it is called real estate. But it is not that simple. When I talk about real estate in Turkey I might be addressing American, or I might be addressing institutional investors.

We don't have many property investment trusts, but real estate investment trusts are currently some of the largest and most powerful forces in the Turkish economy and on the Istanbul Stock Exchange. So, when we are talking about commercial property in Turkey or residential property deals looking for large scale investment, we will usually be talking about real estate.

Turkey Real Estate Investment

Investment in Turkish real estate is a big and growing business. Turkey's Torunlar Real Estate Investment Trust, the second biggest trading on the Istanbul Stock Exchange reported a 93% growth in sales in 2010, and a profit of 214 million Turkish liras.

The news from Torunlar came alongside a report from the Association of Real Estate Investment Companies (GYODER) which showed that real estate sales to foreigners in Turkey had grown 40% year on year in 2010, with the annual figure of $3 billion more than the 2 years between 2006 and 2008. This shows that confidence in Turkish real estate sales is higher than ever.

All stats together, all signs show that Turkey property still has some bright days ahead.