Trem Global announced that the global real estate and infrastructure market recorded a record increase last year, reaching $365.51 trillion, as determined by Precedence Research.
According to the statement made by the company, the real estate sector, which defies global economic fluctuations, continues to maintain its strength this year. The increase in the market was achieved in an environment full of geopolitical tensions in the housing segment.
Murat Meriç, Deputy General Manager of Sales at Trem Global, stated Turkey is an attractive destination for foreign investors as well as domestic investors with its dynamic economy and rich real estate options, and said: “Turkey is a bridge in international real estate markets and its competitive advantages are increasing.”
Meriç stated that they pioneered the investments of investors from 52 different nationalities in Turkey between 2022-23, and added that “in 2024, the demand started to come mainly from western countries, and this situation will provide diversity in Turkey’s real estate markets and will pave the way for both Turkey’s economy and innovative approaches in the real estate sector.”
According to the statement, this year is expected on see a significant transformation for the real estate sector towards a smart, sustainable and diverse future. While tourism and infrastructure investments in the Middle East support the growth of the real estate market, trends such as the rise of shared living spaces, increasing digitalisation in real estate transactions and sustainable development come to the fore.
Factors such as Saudi Arabia’s mega cities, Dubai’s rising trend and Istanbul’s topping the list of the world’s most visited cities last year are increasing the interest of international investors in these countries day by day.
International investment trends continue to play an important role in real estate markets. While factors such as wars and natural disasters cause population loss, factors such as economic opportunities, education and quality of life increase the demand for migration to developed and developing countries.
The United States, Germany, Canada, Australia, Australia, Turkey and the United Arab Emirates are among the countries expected to receive the most immigration in 2024. While this trend increases the demand for real estate in immigrant countries, it leads to a decrease in demand in immigrant countries.
Turkey continues to attract the attention of international investors in 2024 with its strategic geographical location, increasing tourism statistics every year, diversity in the real estate ecosystem and climate advantages.