The Turkish Real Estate Sector

The Turkish Real Estate Sector

The Turkish real estate sector, offering ever-greater opportunities for investors every year, has come to prominence especially in the last decade. Although with the recent economic crisis and the global economic recession the European and US real estate markets have been negatively affected, the real estate market in Turkey is still promising. While the reduction in demand and a downward trend in house prices have been observed all over Europe, according to TurkStat statistics the number of apartment units sold in Turkey in the second quarter of 2011 increased by 18 percent compared with the same period of 2010, which shows that the country has huge growth potential in the real estate sector.

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Hotel Market

Hotel Market

Tourism - Visitor Statistics 

According to 2013 Ministry of Tourism data, the number of visitors to Istanbul in 2013 rose 12% over the previous year to reach approximately 10.5 million.

In 2013, 30% of the total number of 34.833.640 visitors to Turkey visited Istanbul. The largest share of visitors to Istanbul was from Germany (10%) and Russia (6%)

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