Real Estate Summit Highlights Istanbul’s Potential for Global Investors
Istanbul hosts a meeting of real estate executives with healthy foreign investment into the city’s property high on the agenda.
A real estate summit has been held in Istanbul, Turkey, organized by the Association of Real Estate Investment Companies. The summit, which took place at the Swissotel in Istanbul, focused on the capital city’s potential for foreign property investment. The discussions centered around the general opportunities brought about by recent impressive global capital into Turkey, as well as the specific plan to rebuild the Istanbul’s historical peninsula.
The Turkish Government has been lifting restricting regulations since 2000 and has found agreement with the state regarding common policy. This has helped the country become more attractive to global investors.
The Istanbul-focused summit looked at developing the city as an investor-friendly location in order to attract more foreign capital. Istanbul is naturally a focus of investment for Turkey as it is the location of 21% of the entire country’s business.
Real estate prices in the capital are still relatively low with the historical areas in need of regeneration being of particular interest to the investor. Around 1 million square metres of the ancient neighbourhood are to be restored to bring the area in line with the standards set out for a European Cultural Capital in 2010. Turkey’s Preservation Council will start to plan for this regeneration this year.
A real estate summit has been held in Istanbul, Turkey, organized by the Association of Real Estate Investment Companies. The summit, which took place at the Swissotel in Istanbul, focused on the capital city’s potential for foreign property investment. The discussions centered around the general opportunities brought about by recent impressive global capital into Turkey, as well as the specific plan to rebuild the Istanbul’s historical peninsula.
The Turkish Government has been lifting restricting regulations since 2000 and has found agreement with the state regarding common policy. This has helped the country become more attractive to global investors.
The Istanbul-focused summit looked at developing the city as an investor-friendly location in order to attract more foreign capital. Istanbul is naturally a focus of investment for Turkey as it is the location of 21% of the entire country’s business.
Real estate prices in the capital are still relatively low with the historical areas in need of regeneration being of particular interest to the investor. Around 1 million square metres of the ancient neighbourhood are to be restored to bring the area in line with the standards set out for a European Cultural Capital in 2010. Turkey’s Preservation Council will start to plan for this regeneration this year.
posted by Obelisk International at 4:08 pm
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