ISTANBUL REAL ESTATE

ISTANBUL REAL ESTATE MARKET 2017

Many international investors has been influenced by the wide selection of beautiful Istanbul property
with high capital gain. For the last decade, city planning has been constantly growing with the brand
new projects by individuals and infrastructural developments by the government authorities.

Kadir Topbas, Istanbuls mayor, said: My team has completed 448 different infrastructural projects and
there are 205 ongoing projects which is just beginning for Istanbul. There are already 538 more projects
is being planned to put in action.

Most of these projects are crucial for available transportation systems including 3rd airport, 3rd Bridge
(between Europe and Asia), new metro lines (also Marmaray), Istanbul Canal Project, and so on. Besides
all these wonderful developments, municipality has been following up with private corporations very
closely to encourage constructing extraordinary projects to fit into the planned development of Istanbul.

All these advancement around the city has increased the demand for apartment for sale in Istanbul. This
high circulation of Istanbul property sales merging with the increasing population leads to faster rental
results for completed projects.

This convenient market attracts developers to achieve important accomplishments such as one of the
tallest buildings in Europe, best architectural project in the world, and shopping mall of the year and
many more. All these competitive segments have been pushing developers to raise the bar with each
new project.

Evaluation progress of every single criteria is the most important factor for both investors and buyers
who are looking forward to relocating Istanbul. Especially in the developing markets such as Istanbul,
working with the best agency is the most essential factor. Your agency should be capable of providing
you with the best selection of real estates for sale in Istanbul.

Bureau bb offers its customers a wide selection of the best available properties in the market after strict
elimination progress. The only thing you need to do is contacting Bureau bb investment experts via Live
Chat, phone or email in order to benefit our services.

If you want to invest in Istanbul Property or real estate for sale in Istanbul, you can see the projects
below and contact us for more details .
Turkish Lira and Economy Outlook
The Turkish Statistical Institute has revised its method of calculating GDP to bring it into line with
international and European practices. Accordingly, growth figures that were previously released on the
basis of fixed prices (1998 = 100) are now calculated on a chain volume index basis (2009 = 100). Past
growth figures have also been adjusted in line with the new method.

Inflation in Turkey
The inflation rate for 2016 was 8.53%, impacted by sharp fuel price hikes in the first half of the year, and
foodstuff price rises in the wake of the decline in the value of the Turkish Lira. Inflation has continued its
upwards trend in the first months of 2017, rising to an annual rate of 9.22% as of January. We anticipate
that while the continued fall in the value of the Turkish Lira, as well as tax hikes, have exercised upward
pressure on annual inflation rates, the Central Bank of Turkeys tight liquidity policy will serve to reduce
these pressures.
Message from the President of Invest.Gov.Tr
This is a great time in Turkeys history. As a booming country with a GDP growing at an average annual rate of 6 percent
over the period of 2002 to 2015, Turkey represents tremendous potential with numerous investment opportunities for foreign
investors. Experts agree that this trend will continue into the future as the country vigorously pursues its goal of becoming
one of the top 10 economies in the world over the next 10 years.

Right time, right place!

Turkey is a country that has experienced strong structural changes over the last decade. This factor has guided the country
into a phase that numerous experts have characterized as a transformation process. And, as with all deep revolutionary
reforms, new opportunities arise.

With a clear EU focus and a strong regional position, Turkey is playing an increasingly important role in its surrounding area
and beyond. Turkey is an active member of G-20, and is also a member of the North Atlantic Treaty Organization (NATO),
the Council of Europe (COE), and the Organization of Islamic Cooperation (OIC).

Turkeys status also changed once it became an official EU candidate country in October 2005. This has given a new
strategic goal to the country, unifying a number of vectors towards a single direction: the Copenhagen political and
Maastricht economic criteria. The structural reform process launched in 2003 has generated a new, dynamic and much
more internationally-integrated Turkey.

This is a great time in Turkeys history. As a booming country with a GDP growing at an average annual rate of 6 percent for
more than a decade, Turkey is the land of opportunities. Over the past decade, the GDP has more than tripled in current US
dollar terms, reaching USD 860 billion in 2015. Such an impressive economic growth made Turkey an industrial powerhouse
in its region. Turkey is the largest commercial vehicle producer in Europe and the 16th largest automotive manufacturer in
the world. Similarly, Turkey is the 2ndlargest steel manufacturer as compared with the 27 EU and 8th largest in the world.
Today Turkey offers highly lucrative investment opportunities in a variety of sectors, such as automotive, machinery, mining,
energy, renewable energy, real estate, finance, ICT, agriculture, chemicals, petrochemicals, iron and steel, and so on.

The economic power of Turkey has drastically increased in the past decade. Turkey became the 17thlargest economy in the
world, and the 6th largest compared to the 27 EU countries in terms of GDP at purchasing power parity in 2015. The
countrys strong economic performance over the past decade has encouraged experts and international institutions to make
confident projections about the future of the Turkish economy.

Throughout the last decade, Turkey has been implementing an active policy to improve its investment environment. To start
with, the FDI frame law, which was passed by the Parliament in 2003, is the first installment of these significant economic
reforms to change the investment environment in Turkey and make it attractive to global investors. This law guaranteed
equal treatment to all investors without differentiating between local and international investors and enabled all international
investors to enter Turkey without a preliminary authorization request, to transfer dividends freely, to access real estate, to be
protected against expropriation, and to hire expatriates, etc. Turkey also decreased corporate tax from 33 percent to 20
percent for all companies. Important parameters, such as the acceptance of the international arbitration courts and the
ongoing harmonization of laws with EU legislation have made Turkey one of the most liberal countries in the world, both in
terms of the legal framework for FDI and the investment environment.

The sum of all the joint efforts has led Turkey to a very impressive economic output. Put differently, in a very short period of
time, the FDI received by Turkey has benefited from these deep structural reforms. While Turkey attracted approximately
USD 1 billion of FDI per year on average between 1992 and 2002, it has been attracting an average annual FDI of more
than USD 12.5 billion since 2003.

In the light of developments, it is certain that the Turkey of today is very different from the Turkey of 10 years ago. Similarly,
the Turkey of 2023, a Turkey celebrating the centennial foundation of the republic, will also be strikingly different from today.
With ambitious targets set by the current government, the Turkey of 2023 is expected to be a more prosperous and added-
value generating member of the international community with a vital contributing role to global peace and welfare. Active on
a global scale, Turkey is also offering investors a platform to benefit from emerging opportunities in other countries,
particularly in the surrounding region. Turkeys strategic location allows investors to access a potential market of 1.5 billion
people, a combined GDP of USD 25 trillion and foreign trade of USD 8 trillion.

Turkey, with an improved and investor-friendly business environment, achieved considerable success in both domestic and
foreign investments over the decade, not only raised the bar a notch, but is now also on track to realize its real and deserved
potential; to be home to investments that will contribute to new jobs, new technologies and new visions.

Certainly, the right place to be at the right time

Arda ERMUT
President

Sources:

Istanbul Real Estate

Colliers
Invest Gov TR