In a sign of confidence for the Turkish property market, Istanbul hosts its first ever Cityscape Turkey property exhibition in March 2016, an event previously only associated with the United Arab Emirates (UAE).
Taking place 24th-26th March at the Istanbul Congress Center, the exhibition will bring domestic and global investors together with leading real estate companies to discuss opportunities in the country’s buoyant housing market. A new initiative called the ‘Hosted Buyer Programme’ and created by the event organiser, Informa Exhibitions, will connect potential investors with at least 50 high profile exhibitors participating in the exhibition.
Investors from the UAE and other Gulf States are expected to make a large proportion of visitors. Wouter Molman, the director of Cityscape Group at Informa Exhibitions, said: “The response from investors in the UAE to our hosted buyer programme has been reassuring and we expect that the series of pre-qualified one-on-one meetings to fast track the experience and showcase a tailored collection of quality projects and existing developments will help meet clients’ exacting requirements.”
Recent statistics reinforce this trend. According to the latest Turkish Land Registry report, UAE investment is becoming increasingly prominent within the Turkish housing market, with real estate transactions by UAE residents rising by 160 per cent in the last two years. In 2015, 332 UAE citizens purchased Turkish property and subsequently the country also ranked among the top nations in terms of square meterage, at more than 433 square metres per person.
Istanbul’s developing suburbs continue to be the focus of much foreign investment. One example is Beylikdüzü, well-located for both transport links and amenities, with access to a beach and Istanbul‘s Ataturk airport only a 20-minute drive away.