Opportunities and obstacles for foreign investors in Turkish real estate

This paper examines the Turkish real estate market from the viewpoint of foreign investors contemplating entering into that market. Since 2002, the government of Turkey has been implementing an aggressive economic reform program within which, foreign direct investment (FDI) plays a crucial role. To attract foreign investments, the government has instituted major reforms in tax and finance laws and has provided incentives to develop many industries including real estate. The underlying question this paper seeks to answer is: What factors make Turkey attractive for foreign commercial real estate investors? To answer this question, I examined the following factors: geopolitical situation, key economic indicators, current state of and forecasts for Turkey's real estate markets, applicable laws, and requirements for establishing a business in Turkey. The research method I utilized for this paper mainly involved literature review. Analysis of government documents, industry reports, law journals, and audio recordings of papers delivered at conferences revealed several factors that could affect the country's real estate markets.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2006

Author dc:creator

• Halkali, Hasan

Advisor dc:contributor.advisor

• David M. Geltner.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/37430
• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Identifier URI

http://dspace.mit.edu/handle/1721.1/37430

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/37430