Turkish construction sector saw the sale of over 1 million houses in 2013, while this number was 87,639 during the first month of 2014.
1,207 APARTMENTS SOLD TO FOREIGNERS
Bak Yapı, which completed the real estate projects of Istanbul Prestij Park in Istanbul’s Esenyurt district and Bursa Prestij Modern, is participating in the MIPIM fair, where Turkey is announced as an honorary country. Bak Yapı, prepared to express the investment opportunities in Turkey, particularly in Istanbul and Bursa, to the foreign investors in the honorary tent, will tell doubtful foreign funds that investment in lucrative projects in Turkey will never lead to disappointment.
BAK YAPI OPENING UP TO EUROPE
Bak Yapı, which has been realizing its plans to take steps into Europe since the end of last year, will continue to hold investment meetings with companies from Germany and Italy during the fair in Cannes. Bak Yapı Deputy Board Chairman Ferhat Bakgör said they are participating in this fair, believing in both Turkey and their company’s potential and strength. “Turkey has never been a real estate alternative that causes foreign investors to have losses, as long as they choose the right company and location. We believe we can struggle with the pessimistic picture of Turkey that we might come across abroad by telling them about reality of the country and investment opportunities in Turkey. For real estate developers like us, it is time to show our courage and determination abroad, instead of withdrawing into ourselves. This is why we paid more attention than ever to this year’s Cannes Real Estate Fair, MIPIM” said Bakgör.
11 APARTMENTS SOLD A DAY ON AVERAGE
11 apartments sold a day in Bak Yapı’s Prestij Modern project located in Bursa. The project is planned to be completed as of June 2016. The sales continue at the company’s project in Istanbul’s Esenyurt district titled as “Istanbul Prestij Park.” Around 2,000 houses out of the total of 2,392 house project have been sold up to this date. Around 25 percent of these sales are made with foreign investors. The sale price of the houses has increased to 159,000 Turkish Liras now, while it was 119,000 Liras during the launch of the project. The first stage of the project will be delivered December 2014.
For more information on Bak Yapı property projects, visit www.bakyapi.com.tr