People who are thinking of buying a foreign property have been advised that investing in Turkey could be highly profitable and Istanbul will host Turkey's first international property and architecture exhibition next month, in a move to further increase demand for property in Turkey.

ArkiPARC 2008, organised by Arkitera Architecture will be held at the Harbiye Istanbul on October 15-17. The event is supported by the Istanbul 2010 European Cultural Capital Agency, the Independent Architectural Platform and the Urban Land Institute.

The exhibition for the first time features The European Public Real Estate Association, USA based Portman Holdings and some of the world's leading architects including Nigel Dancey of London based Foster & Partners in Turkey. The property exhibition is considered to place Turkey firmly on the international property map. According to new reports, foreign investment in Turkey has grown significantly over the past five years. Already ten billion dollars (£5.5 billion) has been invested in the country since 2003 and the exhibition is expected to boost further influx of foreign investments.

One of the highlights of the exhibition will be the ArkiPARC Awards' Award Ceremony and there will be awards in three categories - real estate, architecture and construction. The main objective of the exhibition is to assess the gains of the property investments to the city, the purchasers and the investors.

Labels: Exhibition, Investment-property, Istanbul

The Turkish daily news has reported that the GYODER Turkish Real Estate Summit will take place in Istanbul's Swiss hotel, bringing representatives of the sector in Turkey and international real estate investors together. GYODER was created in 1999 by the representatives of existing and new Real Estate Investment Companies (REICs). The summit will spotlight on the investment opportunities in Turkey during the 7 sessions and in 2 days of the summit. A wide range of international speakers and top personnel from the Turkish Real Estate Industry, several representatives from Government and the Public Sector will also speak at the Summit.

The summit is supported by International organizations such as the National Association of Real Estate Investment Trust, the Urban Land Institute, the European Public Real Estate Association (EPRA) and the Housing Development Administration of Turkey (TOKİ).

Dr Sinan Özkan, chairman of the World Architectural Association, said the desire for new buildings in Turkey should go compatible with modern solutions. In the summits held earlier urban land development, residential investments, foreign capital in Turkey, commercial real estate and good quality constructions are discussed by local and foreign attendees. This is an initiative to find out realistic answers to the main problems in the Turkish real estate market. Nurhan Azizoğlu, vice chairman of GYODER has said that Turkey is a good nation for the property investors to consider. Turkey is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.

Meanwhile, Overseas Investors who are looking to buy a property at a realistic price have been pointed towards Turkey. Turkey is getting popular because of its attractions, including its good-quality infrastructure, amenities and year round good climate. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas buyers.

Labels: Exhibition, Turkish-property