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Ymart success at Small Business Forum 2015

On Nov 15th Ymart presented itself at Small Business Forum held by Enterprise Toronto at Toronto Metro Convention Center.We are very happy to say that Ymart first public appearance was a great success

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Ymart success at Small Business Forum 2015

On Nov 15th Ymart presented itself at Small Business Forum held by Enterprise Toronto at Toronto Metro Convention Center.We are very happy to say that Ymart first public appearance was a great success

Read More

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rafayzai75
Joined: 06 May 2024

  Posted: Sat Aug 17, 2024, 06:51am
  Subject: The Impact of COVID-19 on Turkey’s Real Estate Market
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Turkey's real estate market has experienced significant growth in recent years, making it an attractive destination for both domestic and international investors. The country's strategic location, bridging Europe and Asia, has played an essential role in its real-estate boom. Istanbul, Turkey's largest city, is a major hotspot for real-estate investment, offering a diverse range of properties from luxury apartments to commercial spaces. The city's rich history, vibrant culture, and economic opportunities ensure it is an appealing selection for investors. Additionally, Istanbul's rapidly expanding infrastructure, including new airports, highways, and public transportation systems, has further fueled the demand for real estate. Other cities like Ankara, Izmir, and Antalya have seen a rise in real-estate activity, each offering unique investment opportunities. The Turkish government's policies have already been instrumental in driving the actual estate market. The introduction of the Citizenship by Investment program has attracted many foreign investors. Turkey real estate program allows foreigners to obtain Turkish citizenship by purchasing property worth at the very least $400,000. The federal government in addition has implemented various incentives, such as tax exemptions and reduced fees for property purchases, to encourage both domestic and international buyers. These policies have not just boosted the actual estate market but also contributed to Turkey's overall economic growth. Moreover, the country's relatively low property prices compared to other European nations make it a nice-looking investment destination. Turkey's coastal regions, specially the Turkish Riviera, have become highly sought after by both domestic and foreign buyers. The regions of Bodrum, Antalya, and Fethiye are noted for their stunning landscapes, beautiful beaches, and luxury resorts. These regions have observed a significant increase in demand for beachfront properties, villas, and holiday homes. The Mediterranean climate, coupled with the picturesque scenery, makes these coastal regions well suited for those buying a vacation home or retirement property. The true estate market in these areas is characterized by high-end developments, often featuring modern amenities and access to private beaches. Consequently, property prices in these regions have steadily increased, offering lucrative returns for investors. In addition to the residential sector, Turkey's commercial property market has additionally witnessed substantial growth. The country's thriving economy, coupled using its strategic location, has attracted numerous multinational companies to determine their presence in Turkey. It has resulted in a rising demand for office spaces, retail centers, and industrial properties, particularly in major cities like Istanbul and Ankara. The development of large-scale commercial projects, such as for instance shopping malls, business districts, and logistics hubs, has further strengthened Turkey's position as an integral player in the global real estate market. Moreover, the growth of e-commerce in Turkey has driven the demand for warehouse and distribution facilities, making the logistics sector an increasingly important element of the commercial property market. The Turkish property market has additionally benefited from the country's growing tourism industry. Using its rich cultural heritage, historical landmarks, and natural beauty, Turkey attracts millions of tourists each year. It has created a solid demand for hospitality properties, including hotels, resorts, and vacation rentals. Istanbul, in particular, has seen a surge in the development of boutique hotels and luxury accommodations, catering to the wants of both domestic and international tourists. The tourism sector's positive impact on the true estate market also includes other regions as well, with coastal areas and historical cities experiencing increased fascination with hospitality-related real-estate investments. As Turkey continues to attract tourists, the demand for hospitality properties is expected to stay strong.
   
   

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