Building for sale in Istanbul (Zade Hotel)
Building for sale in Istanbul (Zade Hotel) Our company announces an offer to sell the building (Zada Hotel) in Istanbul, suitable for residential building or convert it into a small hotel or for student residence, which is an excellent opportunity for future investment.
Specifications of the offered property:
This property consists of 4 floors
Each floor includes one apartment
One apartment consists of 2 + 1
Apartment area: 84 sq.m.
The quoted price for the complex: 620,000 dollar / 574,000 euro.
The future of real estate investment in Turkey
Turkey is a fast growing country rich in real estate investments, and it meets the local need of the real estate market, and with the growth of foreign direct investment in Turkey, the need for development of housing projects with profitable returns has increased, supported by the increase in the purchasing power of local real estate as well as creating opportunities for development when it comes to real estate prices.
What has contributed to supporting the housing projects sector is what Turkey possesses of industrial and tourism growing ingredients that have great opportunities for further development, in addition to the above, Turkey has friendly and good relations with all countries of the world, developed and Islamic in particular, which enabled it to become one of The most economically leading country in the world.
The capacity of real estate investment in Turkey
Foreign direct investment in Turkey is expanding greatly, as the Turkish government seeks to attract foreign direct investment, especially in the real estate side, and has been able to attract large investments from the Middle East and Europe, which contributed to the establishment of a large number of residential and commercial complexes that have strengthened the economy and created many job opportunities.
In addition, foreign direct investment supports the under-funded tourism industry by the Turkish government, which relies heavily on the private sector. However, the geographical and cultural diversity in Turkey enabled it to significantly develop the tourism sector, and Turkey currently has an entertainment industry.
The number of tourists coming to Turkey is increasing significantly annually, and many of these tourists have tended to buy real estate in the Turkish coastal areas where the picturesque nature and modern residential complexes.
The last and important factor that contributed to increasing the demand for real estate in Turkey as an investment product, is the fact that Turkey is working to develop international relations politically and its approach to becoming a member of the European Union, which contributes to supporting foreign direct investment in Turkey.