: 2018-01-23 Modified date : 2019-03-05
According to figures released by the Turkish Statistical Institute, the real estate sector has gained a high value over the last 10 years, reaching 174 percent, surpassing the 110-percent stock market and the euro, which rose 163 percent.
This important sector has also exceeded the dollar, despite its high increase, where the rate of prices' increase in major cities reached 291 percent in some cases, as in the Kadikoy area in the Asian part of Istanbul.
Therefore, over the long term, investors see the real estate sector as a safe and profitable haven for their investments. Real estate has been a leading area of higher profitability over the past 10 years, while other sectors have seen significant fluctuations.
In comparison to gold, gold was more profitable in the last 10 years, but it lacked the safety that real estate sector offered, as investors in gold have lost large amounts, during periods when prices fluctuated due to changes in the international arena.
The Turkish city of Istanbul is one of the most profitable cities for real estate investors, where it is not possible that any real estate project will lose profits in this city, even if it’s at the farthest point of the city; economists expect the real estate sector will continue to grow in the coming years as well.
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