Turkey

Republic of Turkey; Thanks to its natural beauties, landscapes, beaches, historical values, nightlife and food culture, it welcomes millions of tourists every year.

It is one of the most developed countries of Europe in terms of tourism.

Temple of Artemis, one of the seven wonders of the world is also located in Turkey.

The Sea of Marmara separates the Asian continent from Europe along with the Bosphorus and the Dardanelles. Therefore, due to the position Turkey has an important place.

A large part of the territory of the country is located in Asia, a small part of the European continent. It borders Bulgaria to the west, Greece to the west, Georgia in the northeast, Armenia in the east, Iran and Nakhichevan, and Iraq and Syria in the southeast. To the south is the Mediterranean Sea, the Aegean Sea to the west and the Black Sea to the north.

Most visited cities; İstanbul, Ankara, İzmir, Antalya.

Turkey is surrounded by sea on three sides, separated by the Bosporus and the Dardanelles consists of two peninsulas. Turkey, the Mediterranean and along the Aegean coast with is a long been a favorite destination for foreign tourists.

Turkey is surrounded by sea on three sides, separated by the Bosporus and the Dardanelles consists of two peninsulas. Turkey, the Mediterranean and along the Aegean coast with is a long been a favorite destination for foreign tourists.

TANSPORTATION IN TURKEY

Europe's most promising real estate market is one of the real estate market in Turkey often used for "location, location, location" to say I'm quite an appropriate saying the country. Europe, its strategic location in the Middle East and Central Asia at the intersection and with a population close to 81 million in Turkey, bringing together the strong construction sector, the growing commercial and industrial manufacturing offers great opportunities for real estate developers and investors.

Highways

It is the most common type of transportation. 70% of the freight transport and 90% of the passenger transport is carried by road. After 1950, road construction increased and transportation vehicles increased. Currently Turkey's highways are available almost anywhere. In Turkey, the total length of the highway has exceeded 65 thousand km. However, the fact that the vast majority of the oil demand is provided by imports, and the high cost of road construction and maintenance has caused the highways to be an expensive transportation route. Apart from the Mediterranean, Black Sea and Eastern Anatolia regions, other regions are more suitable for highway construction. The ruggedness of landforms in the Mediterranean, Black Sea and Eastern Anatolia regions necessitated the use of passageways in these regions which have made road construction difficult.

 

 

Railways

The first railway line in Turkey in 1866 was carried out between Izmir and Aydin. Railway transportation is more economical than road transport. In the first years of the Republic, importance was given to railways. After 1950, railway construction decreased. Currently, the length of railways in our country has exceeded 10,300 km with 8607 km outline. Rough and average elevation of landforms in our country made the construction of the railway difficult.

East Black Sea Region, Antalya area, Hakkari area and Menteşe region are the areas where railway transportation is not available. The share of railways in passenger and freight transport is between 10% and 15%. Railways are the cheapest transport system in the land.

 

 

 

Maritime Lines

It is the most economical type of transportation. Because the cargo and passenger capacity of the sea vehicles are large. There are no road construction and renovation costs. Port construction costs are high, but once done, used for many years. Import and export between continents is easier and cheaper by sea.
It is suitable for sea transportation in terms of geographical location in our country. Because;

1. Three sides surrounded by seas.
2. Black Sea; Istanbul and Dardanelles opens to other seas.
3. The Mediterranean connects to the other sea and oceans through the Suez Canal and the Strait of Gibraltar.
4. There are many natural ports on our coasts.

Important Ports

Port of Istanbul: It is the largest port in terms of freight and passenger traffic. Most of the export products are discharged to this port and then sent to other parts of the country. It is also a transit port for cruise ships.

Port of Izmir: It is the busiest port after Istanbul port. The products of South Marmara and Aegean Region are exported from this port.

Port of Mersin: It is the port with the highest capacity after Istanbul port. Export port and transit port towards Middle East.

Port of Antalya: It is mainly used for export of fresh fruits and vegetables and for tourism purposes. The hinterland is not wide because there is no railway connection.

Port of Samsun: It is the most important port of the Middle Black Sea.

Trabzon Port: It is the most important port of the Eastern Black Sea. The Zigana Pass contributed to the development of the port. It is a transit port in Iran. Goods arriving here are transported to Iran by road. There is no railway connection. In addition, Bandırma, Izmit, Zonguldak are developing ports. Kuşadası, Çeşme-Bodrum, Marmaris, Antalya are tourism ports for tourism purposes.

The transportation linkage of a port to the inner regions is called Hinterland. Size and width of the hinterland; ease of access and multiplicity depends on the capacity and nature of economic activities around the port. The large harbor in the hinterland is suitable for development.

 

 

Airlines

It is the fastest way of transportation. It is the transportation sector which has the lowest share in the transportation of our country. Because air transportation requires high technology and large capital. In recent years there has been a significant increase in air transport. In our country, airline, passenger transport, import and communication are used in the fields.

Our key airports are:
Istanbul (Ataturk and Sabiha Gokcen airports),
Ankara (Esenboga airport),
Izmir (Adnan Menderes airport),
Antalya, Adana, Erzurum, Diyarbakir, Bodrum, Malatya, Elazig, Van, Samsun, Mugla (Dalaman), Konya, Isparta, Eskisehir, Trabzon, Samsun and Kayseri.

LIFE IN TURKEY

To start a new life, a growing number of people from foreign countries to work or retire are settled in Turkey. Turkey, the last fourteen years has considerably changed dramatically inside and modernization process has been realized in some areas very quickly.

The unique geographical location, rich and deep history with a reputation as the cradle of different cultures and civilizations, Turkey is a privileged option for foreign citizens and their families.

Turkey is among the countries where the new residents England, Germany, Ireland, Denmark, Netherlands, Norway, Austria, Belgium, France, the US and comes several Gulf countries. Property laws in the real estate foreign nationals from all over the world with the removal of reciprocity buyers and investors are able to purchase and sale of real estate in Turkey.

It showed a very rapid development of the real estate sector in Turkey, where housing options are available that will appeal to all income levels. There are a variety of alternatives, from apartments in city centers to detached houses in the suburbs and upscale housing with extensive services. In modern housing projects especially in big cities, all facilities such as private security, playgrounds, sports areas, social facilities, parking and shopping center are offered to residents to meet the needs of city life.

Foreigners who want to work in Turkey are required to apply to the relevant Turkish authorities with the necessary paperwork in order to receive a residence permit. The principles and procedures training for a work permit foreigners to be employed in Turkey, home services, health services, tourism, aviation, as well as the entertainment industry and other sectors as foreign direct investment, property supply that foreign direct investment varies for professional services and liaison offices. On the other hand, residence permits for foreigners of real property or business to establish trade links with the situation in Turkey are organized on the basis of the objective.

Turkey's rapidly developing infrastructure shows itself especially in the transport sector. With more than 50 airports nationwide, passengers can travel to most destinations in less than an hour. Thanks to highways and highways, transportation to major cities by road is very comfortable. In addition, high-speed train projects have been implemented in the last decade. The 100th anniversary of the founding of the Republic in 2023, Turkey's largest city of 14 is to connect with one another high-speed train line.

Various reform steps have been taken in the last decade in the education system in Turkey. Twelve years of compulsory education and the rapidly increasing number of schools and training facilities are the most important steps. as well as many private and foundation schools of public school education in Turkey he serves. In addition, there are international schools where only foreign students can study. In addition to the leading European languages such as English, German, French and Italian, there are also institutions in Russian, Japanese or Chinese.

Hospitals in Turkey; public hospitals, university hospitals and private hospitals. Although social security and health systems are mainly regulated by the state, it is possible to have private health insurance. An important part of public or private hospitals in Turkey, serves as the international standard infrastructure and expertise.

In Turkey; There are many alternatives for hobby, entertainment, culture and art activities. Especially in big cities, it is possible to participate in many cultural activities such as cinema, theater, concert, ballet, modern dance, opera and exhibition.

In addition to sports such as football, basketball and volleyball, there are also alternative sports facilities such as golf, mountaineering, scuba diving, rafting, skiing and yachting.

Turkey Located in the center of different civilizations, to take place at the transition point as the climate, it makes it possible to make different activities simultaneously in different regions. For example, while skiing in one area, it is possible to swim in another region on the same day.

RESIDENTIAL SECTOR IN TURKEY

Europe's most promising real estate market is one of the real estate market in Turkey often used for "location, location, location" to say I'm quite an appropriate saying the country. Europe, its strategic location in the Middle East and Central Asia at the intersection and with a population close to 81 million in Turkey, bringing together the strong construction sector, the growing commercial and industrial manufacturing offers great opportunities for real estate developers and investors.

Some important facts and figures on the real estate sector in Turkey are as follows:

  • The real estate sector accounted for about 8.4% of GDP over the last decade. On the investment side, total FDI inflows were recorded as USD 10.8 billion in 2017, while the share of real estate and construction sectors in this amount was USD 4.6 billion (42.9%).
  • Especially urban transformation studies and mega projects directed towards Istanbul lead the activities in the near future. Marmaray, Kanal Istanbul, Yavuz Sultan Selim Bridge, Eurasia Tunnel, 3-storey Grand Istanbul Tunnel and Istanbul's 3rd airport are among the mega projects in the city.
  • The Urban Renewal and Transformation initiative will cover 7.5 million houses. The private sector contributes greatly to this initiative, which has a budget of US $ 400 billion.
  • According to the Knight Frank Global House Price Index, Turkey has ranked 6th among the 56 locations in the 3rd quarter of 2017, the annual price increase in the index. Turkey, with prices showing an annual increase of 11.1% in Australia, leaving behind Latvia and India has become one of the world's best performing of the housing market.
  • The total number of residential properties sold in the market of Turkey in 2018 reached 1.4 million units. With the abolition of the reciprocity law in 2012, real estate sales to foreigners started to increase. Turkey & #8217; ,2 percent to a total of 39 663 housing units have been sold to foreigners in 2018 compared to the previous year. In terms of housing sales to foreigners, Istanbul ranked first with 9,182 sales in 2018, followed by Antalya with 4,707 sales, Bursa with 1,474 sales and Yalova with 1,079 sales.
  • As of year-end 2018, Class A office stock in Istanbul exceeded 5.3 million square meters in 249 office buildings. The average annual increase in the gross leasable area in the office market between 2010 and 2018 was approximately . More than 1.2 million square meters of office supply is under construction and by the end of 2020, the total grade A office supply is expected to reach a gross leasable area of 7.1 million square meters.
  • Turkey has 401 units in operation in the shopping center; the total gross leasable area in these shopping centers is 12.2 million square meters. 4.2 million square meters of gross leasable area of 114 shopping center in Istanbul, correspond to 34% of the total leasable area of the shopping center in Turkey.
  • Istanbul is the 6th most attractive market in Europe after London, Paris, Moscow, Milan and Madrid according to the JLL Cross Border Retail Attractiveness Index.
  • Despite growth in recent years, Turkey has a total leasable area in terms of average per capita is still below the European average. This indicates that the growth potential in the retail sector continues.
  • According to the Ministry of Culture and Tourism of 2016 data by the end of 3641 Total rated hotels in Turkey and this hotel is located at 426 981 Total rooms. 42.7% of the hotel stock is composed of 5 star hotels, while the share of 4 star hotels in this stock is 24.8%; The share of 3 star hotels is 12.6%.

 

 

The real estate sector is one of the sectors most affected by developments such as demographic dynamics, change in economy and increase in interest rates. In order to maintain a competitive advantage, companies need to calculate the risks correctly and capture the right opportunities.

 

 

In September 2019, the PPI, which increased by 0.84 percent compared to the previous month, increased by 6.32 percent in nominal terms and decreased by 2.69 percent in real terms compared to the same month of the previous year.

Table 1: Housing Price Indices and Unit Prices

 

 

When the developments in the housing price indices of the three major cities are evaluated, in September 2019, an increase of 1.15, 0.29 and 1.72 percent was observed in Istanbul, Ankara and İzmir, respectively. Index values decreased by 1.12 percent in Istanbul compared to the same month of the previous year and increased by 5.48 percent and 5.76 percent in Ankara and İzmir, respectively.