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Property in Turkey: a profitable asset or a risky investment?
The real estate market is one of the most important growth drivers of the Turkish economy. In recent years, the rapid development of the sector was supported by the state program for the demolition of dilapidated and unsafe housing, the activity of the middle class against the background of lower mortgage rates, as well as inflows of foreign investment. Over the past ten years, the real estate market and the construction market accounted for about 8.4% of Turkey’s GDP. The share of foreign investors at the same time was almost half of the total investment. Continue reading
Small but comfortable: modern technologies expand the space of small-sized
It has long been no secret that in the real estate markets of many large cities there is an objective shortage of residential space. The increase in the density of the urban population is due to the massive relocation to cities, the growing economic and social importance of megacities.
According to a 2015 study by the International Organization for Migration, about three million people move to cities every week.
According to studies by the International Organization for Migration in 2015, about three million people move to cities every week.
Approximately 54% of the world’s population lives in cities (in 1950, this figure was 30%). Continue reading