With a record increase…the global real estate market reaches $365.51 trillion

Turkey – Turkey-based Trim Global announced that the global real estate and infrastructure market recorded a record increase last year, reaching $365.51 trillion, as determined by Presidence Research.

The company stated in a statement published on Friday that the real estate sector continues to maintain its strength during the current year, defying global economic fluctuations.

Murat Miric, Deputy General Manager for Sales at Terim Global, said that Turkey is an attractive destination for foreign and local investors, thanks to its dynamic economy and rich real estate options.

Miric noted in the statement that “Turkey serves as a bridge in international real estate markets and its competitive advantages are increasing.”

He explained that Trim Global played a leading role in projects for investors from 52 different nationalities in Turkey between 2022-2023.

He stated that in the year 2024, demand began to come mainly from Western countries, which will provide diversification in the Turkish real estate markets and reflect positively on the economy and innovative methods in the sector.

The company expects that the year 2024 will witness a major shift in the real estate sector towards a “smart, sustainable and diverse future.”

She explained that investments in tourism and infrastructure in Middle Eastern countries support the growth of the real estate market, and trends such as the emergence of shared living spaces, increased digitization in real estate transactions, and sustainable development are coming to the fore.

She pointed out that there are factors that increase the interest of international investors towards some countries, such as the major cities that Saudi Arabia has begun to build, the rising trend of the Emirate of Dubai, and Istanbul’s occupying first place among the cities that receive the most tourists in the world during the past year.

She stressed that factors such as wars and natural disasters lead to losses in terms of population, while economic opportunities, education and quality of life increase the demand for migration to developed and developing countries.

The United States, Germany, Canada, Australia, Turkey and the UAE are among the countries expected to receive the largest number of immigrants in 2024, according to the company.

She pointed out that this trend causes an increase in demand for real estate in receiving countries and a decline in countries whose residents migrate.

Turkey continues to attract the attention of international investors in 2024 thanks to its strategic geographical location, increasing tourism statistics every year, diversity in the real estate ecosystem and climate advantages.

Anatolia