Sabah – Developers and construction companies of Turkey’s booming real estate sector are hitting the road for marketing the country’s latest offerings to global property investors in cooperation with the Investment Support and Promotion Agency of Turkey (ISPAT).
The country has been the “Country of Honor” in the recently concluded Cityscape Global 2012 in Dubai with its landmark projects and is now preparing for the next stop in London. “The Association of Real Estate Investment Companies (GYODER) and ISPAT will hold a joint roadshow to promote Turkey’s real estate sector and investment opportunities in London on November 8..”, according to GYODER President Isik Gokkaya. “Turkish construction companies created great fanfare in Dubai. We expect more in the upcoming events…” Gokkaya said, praising ISPAT’s experience in this type of organizations that feature investment opportunities in the country’s various sectors.
“Roadshows of this sort are critical in promoting Turkey’s real estate attractions to foreign buyers…”, said Feyzullah Yetgin of Calik Gayrimenkul, a participant in Cityscape Global. “Next year will see similar roadshows in Hong Kong, Singapore, Qatar and Malaysia in cooperation with ISPAT…”, Yetgin added.
One of the hottest emerging property markets in the world, Turkey’s easing of the reciprocity law that limits purchases of property by foreign nationals made the country a hot spot for global realty investors, especially from Gulf countries. Last year, Turkey attracted USD 2 billion in foreign direct investment into real estate. The figure is expected to reach USD 5 billion in the short term, according to GYODER estimates.