This week's report released on global real estate opportunities by Jones Lang LaSalle (JLL) says that investors have now set their sights on Turkey. The study points out that sovereign wealth funds, investment funds and private equity funds from the Gulf region are among those being lured by the developing market in Turkey.
GUEST OF HONOR TURKEY
The study emphasized that the growing economy and the increasing per capita revenue are the main factors luring investors to Turkey. The report also pointed out that Turkey provides great opportunities for investors trying to evade the worsening economy in Western Europe. According to JLL, the new Reciprocity Law has sparked investors interest and not only for individual investments, but is also paving the way for commercial investments.
Projects by Turkish investors will be showcased during this year's Cityscape Global Fair held in Dubai from October 2nd-4th.
Cityscape Global Fair Director Wouter Molman says, "Partnership opportunities in Turkey will play a big role this year and will give key players the chance to share strategy as investors increasingly look towards the emerging market. Molman went on to state, "Cityscape plans to leverage its expansive network spanning millions of real estate professionals and investors to put the spotlight on Turkey while the iron is hot."
The Cityscape Global exhibition will bring investors face to face with the Turkish real estate sector major players such as GAP İnşaat, Ağaoğlu and Tahincioğlu.
RISING LEVELS OF TRANSPARENCY ARE DRAWING IN INVESTMENTS
JLL Capital Markets Advisor Kıvanç Erman says that Turkey is seeing interest from a wide range of investors. Emphasizing that Turkey was the least affected nation by the global economic crisis, Erman states; Turkey's rising levels of transparency have also played their part here. It also increases the rate of direct foreign investment." Explaining that in addition to real estate investments, retail development has become a priority market for Gulf investors, Erman points out that 13 new shopping centers were opened in the first six months of the year alone.