Property - Real Estate, Investment and Development news in Turkey
Tuesday, 4 November 2014
François Gagnon “Turkish real estate sector grows faster than Europe”
François Gagnon, President of a chain real estate consultancy company, evaluated Turkish real estate sector’s development in recent years.
He said that Turkish real estate sector is in a more advantageous position than many countries in Europe. Gagnon stated that focus of foreign investors is Turkey, and they are the opening door to Turkish real estate market for Europe.
François Gagnon expressed that Turkish real estate sector has significantly grew in recent years, and its potential passed Europe.
Focus of foreigners is Turkey
Pointing out that Turkey has generated $2.4 billion income in the first 7 months of the year, he said, “Turkey’s growth acceleration has made a major contribution to the real estate sector. When I analyzed the data, I saw that Turkey has generated $2.4 billion income with the house sales to foreigners in the first 7 months of the year. This is a very good amount compared to Europe. Focus of foreigners is Turkey and the branded housing projects. Real estate in Turkey shows a rapid growth.”