The Turkish real estate sector, offering ever-greater opportunities for investors every year, has come to prominence especially in the last decade. Although with the recent economic crisis and the global economic recession the European and US real estate markets have been negatively affected, the real estate market in Turkey is still promising. The entry of global actors into the real estate market is increasing the competitiveness of the sector, while massive mergers and acquisitions taking place help its expansion and overall growth rates. Turkey ranks as the 3rd most attractive real estate investment destination among the emerging countries in 2012, according to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).
As Turkey progresses along the road to EU membership, the essential legislative reforms introduced have made investing in the real estate market even easier and more profitable. Specially, soon after the Reciprocity Law has been issued by The Turkish Government on August 2012, foreign investors, mainly from Gulf Region have been showing high interest to have real estate from various provinces of Turkey.
In this respect, AYN is bringing together the Turkish Real Estate Companies and the foreign investors by organizing Real Estate Summits, whereas the upcoming will be held in Kuwait on September 2013.
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