Since the mortgage crisis in the United States started in August, the real estate bubble is showing signs of deflating. This has led to an increasing interest by foreign investors in commercial real estate, with Turkey one of the benefactors.
Turkey is one of the countries that are beginning to emerge as a potential investment target and with many institutional investors worldwide looking for new targets markets; investors are focusing on commercial real estate in East Asia, Latin America and Central and Eastern Europe. However, there are even more investors that are looking to buy commercial real estate in relatively untouched regions like Turkey.
The focus is on Istanbul. With its high quality office buildings, business centers, hotels and shopping malls, Istanbul is an unprecedented opportunity for investors. The commercial and residential real estate sector is still healthy and has notable growth potential.