Turkey Shines for Cross-Border Commercial Property Investors
Hürriyet Daily News and Economic Review reports: Speaking recently with Istanbul-based Hürriyet Daily News & Economic Review, Real Capital Analytics (RCA) President Robert M White discussed the emergence of Turkey as a powerful commercial real estate market in Europe. Though the acronym “BRICs” has become popular in economics, for commercial property the attention of investors and market analysts has turned more specifically on what Mr White termed the “...CBTPs, namely China, Brazil, Turkey and Poland.”
Russia and India both have internal issues that have deterred outside investment, he said to the Daily News. On the other hand, the recent aggressive investment of REITs in Turkey has pushed transaction volume for the country up to $12.0 billion since the start of 2007. Mr White added that Turkey was among the most frequently queried destinations on RCA’s website, with the retail sector being the most targeted property type.
Increasingly, global investor are citing Turkey as one of their top destinations for acquiring commercial property, as yields have compressed in many of the traditional cross-border targets. “…as London and Paris are ‘priced to perfection,’ investors will have to broaden their horizons. When London is so expensive and one can double the yield elsewhere, emerging markets will be compelling.”
View the full article on Hürriyet Daily News and Economic Review: Turkey Shines for Cross-Border Commercial Property Investors
Articles related to this topic:
Investment Capital Fanning Out Across Europe's Secondary Markets
RCA's Robert White Speaks on Where Core Assets Fit in CRE Marketplace
Hong Kong-Based Chinese Estates Has Insatiable Appetite for London Office
Juxtaposing Five European CRE Markets: Which One's For You?
AREA Property Sells 35% Stake to National Australia Bank
Despite Interest, UAE Property Sales Stuck in Neutral
Currency Conversions Boost Holding Period's Return in Shanghai
'Quake May Reduce Japanese Cross-Border Activity
Hotel REITs Hungry for More
Germany and Secondary Markets Drive Strong Q1 Growth in European CRE Activity
Posted by: Nina Turner