Exploring Turkey’s Growing Property Market: A Guide for Investors

We’re your trusted partner for all things real estate in Istanbul. With over a decade of experience, we offer diverse investment opportunities across the city. Our dedicated team, with four strategically located offices, provides seamless support. From residential to commercial, we have the right property for you. Few residential projects include:

• Kempinski Residences Balmumcu: Luxury Living in Istanbul’s Beşiktaş District. Developed by Astaş Real Estate, this project features 155 lavish residences and 11 exclusive villas in a 30,000 square meter oasis
• Ebruli Başakşehir: Redefining modern living in Istanbul with earthquake-safe housing and exceptional amenities. Offering diverse apartment layouts and lush green spaces in the bustling Başakşehir district

Alibaba, a big Chinese online shopping company, told Turkey’s President Tayyip Erdogan that they want to invest $2 billion in Turkey. The head of Alibaba, Michael Evans, spoke to Erdogan  during their meeting.Alibaba has already given Turkey $1.4 billion through its company Trendyol, which is a well-known online shopping place in Turkey.Trendyol, and its boss Caglayan Cetin, said that Michael Evans talked to Erdogan about new investments, like making a data center and a place for sending things in Ankara. They also talked about a center for sending things from Istanbul Airport.

Beijing has lifted its ban on outbound group tours to several destinations, including Turkey, the United States, and Japan. This move is expected to result in a notable increase in Chinese tourists traveling to these countries and others worldwide.

China’s previous strict zero COVID-19 policy, which included measures such as visa suspensions and lengthy quarantines. They have been relaxed in recent months, aligning with the reopening of international travel. The Ministry of Culture and Tourism for China has confirmed the resumption of outbound group tours to over 70 countries. Including major destinations like the United States, the United Kingdom, Japan, and Turkey, marking a significant step toward normalizing international travel.

Turkey’s Trade Minister, Omer Bolat, has unveiled plans for a substantial investment of approximately $30 billion from the United Arab Emirates (UAE) in Turkey. This investment is poised to span various vital sectors within Turkey, encompassing infrastructure, logistics, food, and healthcare management. President Recep Tayyip Erdogan’s administration has been actively working to attract foreign funding, and this major commitment from the UAE signifies a significant opportunity for Turkey’s economy.

This substantial investment is expected to provide a much-needed boost to Turkey’s economic development. The prospect of $10 billion in initial investments from Gulf states, with the potential for up to $30 billion over time in sectors like energy, infrastructure, and defense, reflects a vote of confidence in Turkey’s economic prospects. As Turkey seeks to strengthen its relationships with Gulf nations, it anticipates further investments and collaboration, heralding a pivotal moment for the nation’s economy.