Affaires Internationales
On March 3rd, a seminar on “Real Estate Funds in Turkey” was organised at the premises of the Luxembourg Chamber of Commerce in close cooperation with the Turkish Foreign Relations Board (DEIK) and the Turkish Association of Real Estate and Real Estate Investment Companies (GYODER).
With 79 million inhabitants, Turkey is an important market and hub to markets in Central Asia and the Middle East. Turkey has made great economic strides in the past 15 years. It has become a trusted supplier of high-quality consumer goods and is now Europe’s biggest manufacturer of television sets and light commercial vehicles. Around 60% of Turkey’s trade is with Europe which also accounts for three-quarters of foreign direct investment in the country.
Turkish real estate market has been growing and it is projected that it will continue to grow, presenting opportunities and not affected by international and domestic political issues. Capital Markets Board has in the past 5 years created and imported new instruments, that are projected to enrich the investment and development potentials as well as institutionalisation of the market. REIFs being the most recent one.
The newly established real estate investment fund system in Turkey was presented, the opportunities existing in the Turkish real estate sector as well as the new regulations.
For further questions concerning this event, do not hesitate to contact the International Affairs of the Luxembourg Chamber of Commerce: Edith Stein; email: middleeast@cc.lu ; phone: 42 39 39 - 482.