The Property and Construction Economy In Turkey.

Turkey currently has one of the prominent construction field sphere in the entire world.

The GDP of Construction and Building sector is now over 6% and it employs more than 1.5 million individuals . When all the interrelated and adding supplies from other businesses are taken into account, the share of the construction market in the Turkish current economic conditions reaches nearly 30% and the employment influence around 10%.
The industry is still increasing 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 new economic rise of Turkey.
The infrastructure development has assisted and complimented the sector with a number of 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 compliments the large scale and sensational 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 organization 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 qualified 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 foremost 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 preliminary destinations Turkish contractors shipped their services to was Libya. So their systems 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 undertaken new projects totaling £9 billion with a share of 17.7% from the Russian Federation which has been a major 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 raw materials 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 the past few times and with world events it feels that is set to persist in and develop

Is 2013 This Yr The Optimum Time To Make investments In Turkish Residences

Turkey now has witnessed first-hand a period of sound government since the "Erdogan AKP" party government was chosen in 2002 The region has been in a continued period of social and industrial reform A strengthening of the banking system has resulted in an enlarged international bank arena which in tango with the ruling party has been enacting more fiscally accountable systems This is evident in the private sector and by government paying down financial obligations which has created the enviroment of consistency and assurance. This commenced and was accelerated during the boom At that moment in time there were a wide selection of other stars in the property market that have since faded. Reduced 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 historical past and many would argue that being tied to the EU is a bond now
So Now, the EU is a shadow of its former self and Turkey is cited as one of the swiftest growing economies in the market. Other reasonably competitive destinations seem now to have costs due to the EU and recession, there are only a handful of destinations in Areas worth spending your cash in and Turkey is certainly one of them.
It is in a phase that still gives superior value for money with a young population that is aspirational and giving up the upsides 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 travel 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 growth averaged 6.17% per year. In these same time frames the Turkish government had been reducing public debt and bringing decrease and stabilizing inflation.
This growth is starting to give a different business market there has been recent limitations but it has growth that is the envy of many other economies Infrastructure spending makes specific area changes like new airports and roads.
In conclusion this may be the best 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 long-established 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 mix of goals could be achieved with an investment that would represent a super gamble.