Saturday, 2 February 2013

The Property and Construction Sector In Turkey.

Turkey today has one of the biggest construction industry areas in the globe.

The GDP of Construction and Building sector is now over 6% and it uses more than 1.5 million people . When all the linked and feeding supplies from other markets are taken into account, the share of the construction market in the Turkish economy reaches nearly 30% and the employment influence an estimate of 10%.
The industry is still developing and growth rate by the end of 2011 was over 11%. This sector is one of the main reasons and a driving force in the present-day economic uplift of Turkey.
The infrastructure development has assisted and accented the sector with numerous major projects Such as the construction of the high speed railway line which will connect the capital city and the largest population centers with Istanbul and serve more than 17 million people to spread around the country. This enhances the large scale and spectacular improvement of the road network and the constant improving of its system of Airports for indigenous and global marketing customers.
The Turkish Contractors Association (TCA) has a group of well qualified engineers architects and all required professions to supply contracting companies A good 90% of the members of TCA are composed of engineers and architects. These highly skilled professionals are responsible for the realization of 70% of domestic construction works and 80% of over 4200 projects undertaken Internationally in 69 countries.
31 Turkish contracting companies were ranked among the World’s Top International Contractors which was announced by the the best international industry magazine in 2011.
By the end of 2011, Turkish contractors had undertaken nearly 6500 projects in 94 countries, with a total value of over £100 billion .As an export sector in is substantial and that activity internationally brings reciprocal and supply advantages home.
One of the very first destinations Turkish contractors exported their services to was Libya. So their skills are truly international with cultural ties to the eastern markets and its pivotal regional location Turkey is becoming a centre of services around its borders
This is illustrated by figures in 2011, Turkish contractors had performed new projects totaling £9 billion with a share of 17.7% from the Russian Federation which has been a prominent international market for Turkish contractors for many years this is followed by Turkmenistan (17.0%), Iraq (9.8%) and Kazakhstan (8.9%).
As Turkey is also among the whole world top 12 producers of building materials such as cement, glass, steel and ceramic tiles. It not only supplies the construction and building services but has the goods to economically transport to many of its international markets and projects.

In conclusion Turkey has a building and construction sector that is and has been a powerhouse in modern times and with world events it appears that is set to go on and develop

Wednesday, 9 January 2013

Is 2013 This Yr The Very best Time To Make an investment In Turkish Land

Turkey now has experienced a period of strong government since the "Erdogan AKP" party government was elected in 2002 The place has been in a stable period of societal and financial reform A transformation of the banking system has resulted in an expanded international bank industry which in tango with the ruling party has been enacting more fiscally reliable programs This is evident in the private sector and by government paying down debt which has composed the enviroment of constancy and confidence. This commenced and was accelerated during the boom At that time there were various other stars in the property market that have since passed. Weakened prospects of the areas that were once as attractive due to more simple gateway to EU accession and all the economic benefits and thus property market boosts that once went hand in hand.
That seems now to be times past and many would assert that being tied to the EU is a bar now
So Now, the EU is a shadow of its former self and Turkey is cited as one of the fastest growing economies in the whole world. Other competing destinations seem now to have costs due to the EU and recession, there are only a handful of destinations in Areas worth put money into in and Turkey is certainly one of them.
It is in a cycle that still gives huge value for money with a young population that is aspirational and compromising the positives of a exciting economy. Maybe it is wise to look at areas that do not have an oversupply but in the conurbations that have a supply lag and can generate higher rental yields. Such As Istanbul Izmir and other emerging cities that have large higher education facilities.
In Turkish holidays the year 2008 hit 26 million visitors, up 3 million from 2007 and has risen each year on year, In the seven years 2002-2009 Turkish GDP financial expansion averaged 6.17% per year. In these same time frames the Turkish government had been reducing public debt and bringing straight down and stabilizing inflation.
This growth is starting to give a different financial investment market there has been recent limitations but it has growth that is the envy of many other economies System spending makes specific area changes like new airports and roads.
In summation this may be the advisable year to invest. The prices in some areas are still influenced by world slowdown but in other areas fuelled by new cash rich investors such as Russians and Arabic states that find the Muslim based culture attractive.
The Turkish Property market still seems very appealing maybe not so much in the time honored sense maybe it is best to look at the evolution of the country as a whole it has massive tourism attributes but that is not all and maybe if a fusion of goals could be achieved with an investment that would represent a incredibly good option.