The Turkish real estate sector is booming.
The Turkish real estate sector is booming, making it a magnet for Gulf investors as the number of foreign buyers continues to rise in the country, which is an attractive tourist destination. According to data released by the Turkish Statistical Institute, the number of home sales to investors from around the world increased by 22% in the first half of 2015 compared to the same period last year.
The Turkish real estate sector is booming, making it a magnet for Gulf investors.
Diana Dogan, head of research at CBRE Turkey, said: “In the vacation home market, there is a significant increase by Middle Eastern investors in the residential sector with a major focus on the northwestern part of the country, especially in areas overlooking the Sea of Marmara and the Black Sea, as well as the cities of Istanbul, Bursa and Yalova."
Diana Dogan, Head of Research at CBRE Turkey, said.
Added: In terms of corporate investment, this demand has created untapped potential opportunities to develop homes specifically designed for the Arab market, and the Turkish banking sector has seen the most active interest rates in its dealings with Arab financial institutions aspiring to gain a foothold or strengthen their presence in the booming Turkish banking sector.
Turkey's banking sector has seen the most active interest rates in its dealings with Arab financial institutions aspiring to gain a foothold or strengthen their presence in the booming Turkish banking sector.









