Capital Flows To Urban Development Over The Last Few Decades Istanbul – Great Investment in a Great City

You are searching about Capital Flows To Urban Development Over The Last Few Decades, today we will share with you article about Capital Flows To Urban Development Over The Last Few Decades was compiled and edited by our team from many sources on the internet. Hope this article on the topic Capital Flows To Urban Development Over The Last Few Decades is useful to you.

Istanbul – Great Investment in a Great City

Turkey’s ever-growing economy, large young population, growing number of more affluent consumers, and a persistent housing shortage are important factors to consider in the country’s real estate sector. Turkish real estate investment was $1.1 billion in 2006, and the market is expected to grow to $4 billion in 2007, according to the Wall Street Journal.

Istanbul is of great importance for the real estate investment boom in Turkey. Istanbul has a population of approximately 14 million and, accounting for 35% of Turkey’s gross national product (GDP), is an important commercial and cultural center in the region. The city physically represents only 0.7% of Turkey’s total area, but Istanbul has 31% of the country’s total housing stock. Istanbul recently took first place in the Urban Land Institute / PWC survey for the best development opportunities, leaving behind 26 important markets, including Moscow, London and Barcelona.

Due to the high population growth and the increasing level of urbanization, the demand for residential apartments is growing rapidly and shows no signs of slowing down in the near future. Turkey’s construction sector has recorded a quarterly average growth rate of 21.2% since 2005, significantly above the country’s GDP growth. The construction boom has helped narrow the housing gap significantly, but there is still a shortfall of 150,000 units a year. Prices have risen by 100 percent in two years in Istanbul. Buying an apartment cost 2,500 EUR/m2 in the city center and 2,000 EUR/m2 in satellite towns around the city. On average, properties in Istanbul are expected to generate 8% rental yields and 12.5% ​​capital growth annually.

Most of Istanbul’s recent developments have been mixed-use – consisting of a mix of shopping malls, office buildings, luxury townhouses and hotels aimed at the upscale and international markets. Residential apartments for this type of high-end apartments and villas range from 2,500 EUR/m2 to 6,000 EUR/m2.

The 179 apartments located in the flagship shopping/apartment complex Kanyon – completed in 2006 – are the latest example of a large-scale mixed-use project. The resale value of the one-bedroom apartment is now EUR 350,000 – twice the original price. Kanyon is an outdoor shopping area that mimics the shape of a natural canyon and creates a natural cooling air flow. This is a complex that includes a four-story shopping center, a 26-story office building and a nine-screen cinema. It has 160 stores selling mainly luxury international products and brands such as Harvey Nichols and Hakkasan – opening its first restaurant outside London – occupying three floors.

Turkey’s growing economy and increased income levels among the young population are leading to more investment, especially in shopping malls. Istanbul has 39 modern shopping malls, of which 22 were built after 2000. Another 16 shopping malls are under construction.

With this seemingly endless list of Kanyon-like projects either on the drawing board or under construction, the real estate boom looks set to continue. Not just a city of mosques and bridges, Istanbul should be a serious haven for property seekers and investors.

Video about Capital Flows To Urban Development Over The Last Few Decades

You can see more content about Capital Flows To Urban Development Over The Last Few Decades on our youtube channel: Click Here

Question about Capital Flows To Urban Development Over The Last Few Decades

If you have any questions about Capital Flows To Urban Development Over The Last Few Decades, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Capital Flows To Urban Development Over The Last Few Decades was compiled by me and my team from many sources. If you find the article Capital Flows To Urban Development Over The Last Few Decades helpful to you, please support the team Like or Share!

Rate Articles Capital Flows To Urban Development Over The Last Few Decades

Rate: 4-5 stars
Ratings: 8890
Views: 38495438

Search keywords Capital Flows To Urban Development Over The Last Few Decades

Capital Flows To Urban Development Over The Last Few Decades
way Capital Flows To Urban Development Over The Last Few Decades
tutorial Capital Flows To Urban Development Over The Last Few Decades
Capital Flows To Urban Development Over The Last Few Decades free
#Istanbul #Great #Investment #Great #City

Source: https://ezinearticles.com/?Istanbul—Great-Investment-in-a-Great-City&id=572815