It is predicted for Turkey’s population to increase by 100 million 331 thousand 233 in 2040, out of which 50 million 62 thousand 203 people will be men and 50 million 269 thousand 30 of which will be women. The number of tourists is expected to increase by 50 million this year, increasing the tourism revenue by 35 billion dollars.
Istanbul, the most popular city in Turkey, is estimated to have a population of 15 million 415 thousand 197 people (2021). There are direct flights from Istanbul to 400 destinations with 22 direct transportations to other cities within 2 hours.
There were 1.375.398 residential sales in Turkey according to the TSI data. And in 2019, house sales to foreigners increased by 30.5%. On the other hand, between January and August, the residential sales rate to foreign citizens reached 47.6%.
In 2018, according to the Central Bank of Turkey, six billion 534 million dollars inflows occurred in foreign direct investment and international direct investment capital inflows increased by 115% from Asian countries.
Turkey’s purchasing power parity is expected to be the world’s 12th largest economy in 2030 and the 11th largest in 2050. Within the next 20 years, 6.5 million residential units in Turkey are expected to be renewed, opening the way for the sector of $400 billion to be formed.
Turkey’s cities having high investment potential are Ankara, Izmir, Antalya, Bursa, Kocaeli, and Mersin.
Istanbul’s real estate market is strengthening through urban renewal projects. Plus, Istanbul took first place with a brand value of 131.6 billion dollars according to the brand value and brand power survey made by Brand Finance.
EN
