Over the last decade, commercial real property investments have
significantly developed in Turkey. 299 shopping centers are
operational in Turkey,1 with a total gross leasable area
of 8.2 million m2 and 82 new shopping centers are
expected to be opened. Istanbul's office market has grown by
128% through 2003 to 2013 and reached 3.4 million m2 and
there is still a gap between supply and demand. These developments
in the real estate sector make Turkey a tempting alternative for
both local and foreign investors/developers.
The developing economy and rapid increase in commercial leases (e.g. office, store, hotel and private hospital etc. leases) has led to an increase in real estate prices. The significant increase in real estate prices and construction costs inevitably compels investors to borrow loans from financial institutions, to acquire and develop real properties.
Read more at Click here / www.trade4x.net
The developing economy and rapid increase in commercial leases (e.g. office, store, hotel and private hospital etc. leases) has led to an increase in real estate prices. The significant increase in real estate prices and construction costs inevitably compels investors to borrow loans from financial institutions, to acquire and develop real properties.
Read more at Click here / www.trade4x.net
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