IslamicFinance.de

Developer of Istanbul financial hub Burak Kutlug says the coup and the conflicts are strictly short-term concerns in Turkey. The property market remains a magnet for investors from the Middle East or other Islamic countries. In recent years, Turkey has been going all out to pull in such investors, particularly through legislations such as the "reciprocity law", whereby anyone who commits to a certain level of funding gets to have citizenship rights. According to a survey by CBRE of the living factor in major cities, Istanbul has seen its real estate recording 25% annual growth. Kutlug believes there’s still headroom for Istanbul prices to grow. The city’s all-round development with the new airport expansion and Eurasia tunnel will more than ensure that.