According to The Republic of Turkey Prime Ministry, Investment Support and Promotion Agency, The real estate sector accounted for a 4.6 percent share of GDP in 2014 - an increase of 2.6 percent compared with the previous year. On the investment side, FDI inflow rose to USD 12.5 billion, with real estate and construction garnering USD 4.3 billion of total FDI in 2014. The total number of houses sold in the property market reached 1,165,381 units in 2014; likewise sales of real estate to foreigners began to increase following the cancellation of the reciprocity law.
While foreign interest in real estate continues, the biggest demand is for Istanbul. GCC investors are buying properties on the Bosphorus for residential and in Beylikdüzü and Esenyurt for investment purposes. Beylikdüzü is connected to Istanbul city center via Tem and E-5 Highways in the East and to Europe in the West. With growing population and example shown planned development, Beylikdüzü is very popular for residential projects.
Top Real Estate Group, as an exclusive marketing and selling agent for Inanlar more than 5 years, is happy to announce the new project in Beylikdüzü, Terrace Lotus.
Terrace Lotus, with its’ unique location on E-5 Highway, is providing an excellent ease of transportation. It’s possible to reach region’s leading education, health and shopping centers within minutes. The project is 10 minutes to Ataturk Airport, 3 minutes to TEM Highway, 6 minutes to IDO Seabus Station, and 15 minutes to Marmaray. And also will be only 2 minutes far from the new Subway Station, which will be finished by 2019.
Rising on the most valuable location of the region, Terrace Lotus‘ apartments sizes range from 90-240 square meters. The project is 40 floors and 150 mt. height. Terrace Lotus has 149 residential units and 44 stores at the shopping mall. With a selection of 1,2,3 and 4 bedrooms starting from 567.000 TL, down payment is %20, completion payment is %20 and the rest in 40 months installments. Project will be finished by the 4th quarter of 2017 with projections of %40 increase in the property value.
“İstanbul is the rising holiday and business destination of a wide geography including East Europe, Middle East, Northern Asia and Northern Africa. Mega projects in the region speed up both economy and real estate sector (Istanbul Canal, World’s biggest airport with 160 million passenger capacity, 3rd Bridge, Marmaray and urban transformation). One of the strongest international hubs in the world, Istanbul is within three hours of flight distance to 61 countries.” says Aykut Aksu, TURKEY Business Development Director, Top Real Estate Group and inviting to see the investment opportunities during the Real Estate and Investment Exhibition (11-16th April, Kuwait International Fairs Ground, Mishref, Hall 8)