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Istanbul Airport Excitement in Turkish Real-estate Sector
Tekce stated that Istanbul Airport is a strategically important project for Turkey by saying that such projects will increase the brand value of İstanbul for more investment and this new airport will consolidate İstanbul as a "HUB" in international civil aviation:
"Projections show that Istanbul Airport will employ approximately 225,000 people in 2025 with a $4.2 billion household income contribution. This mega project will have approximately 4.9% share in GNP. These numbers alone can reveal how important it is for Turkey ."
Istanbul Airport, as one of the most important investments of Turkey , will positively contribute to real-estate and tourism sectors. Tekce explained that Turkey is ranked top in property purchases by foreigners and foreigner interest will significantly increase in buying property in Turkey :
"Last year, in Turkey , 40,004 properties were sold to foreigners. In the first two months of 2019, sales increased by 87% compared to the same period of the previous year. This year, sales will accelerate even more with İstanbul Airport. İstanbul is a top destination for foreigners to buy Property in Turkey . Last year, 14,270 properties were sold to foreigners in İstanbul. We predict that this number will double in the next 3-years and reach 30,000 per year. We believe that we will have a success story with our offices in İstanbul, Antalya and Trabzon."
Tekce expressed that Istanbul Airport will be the driving force of Turkish economy:
"According to a PwC study in England , each 10% increase in a country's seat capacity in aviation has a 1% contribution to short-term economic growth. Recent developments show the importance of economic growth. PwC's study alone reveals the importance of Istanbul Airport."
Contact:
Mehmet Yilmaz
mehmet@wirecon.com
+44 7470636207
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