Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Turkey.
Turkey has a strategically important location at the crossroads of Europe, Asia, and the Middle East, making it a key player in global trade and economic development. Despite some political and economic challenges in recent years, the country has shown resilience and continues to offer growth potential.
Turkey has long been a popular tourist destination, and the country continues to see growing numbers of international visitors. Areas such as Antalya, Bodrum, and Fethiye are seeing increasing demand for short-term rental properties, which makes them attractive for real estate investors.
Foreign investors in Turkey are allowed to buy property and have the same legal rights as Turkish citizens. The legal process for purchasing property is well-regulated, offering safeguards for investors, including clear property titles and protections against fraudulent transactions.
Investing in real estate in Turkey can be a smart move for both short-term gains and long-term portfolio diversification. However, like any investment, it’s important to conduct thorough research, understand the local market dynamics, and consult with legal and financial professionals before committing to a purchase.
