With the global players taking their place in Turkey, competition in the market gradually increases resulting in mergers and acquisitions that help the sector grow more and faster. According to the 2016 issue of the “Emerging Trends in Real Estate – Europe” report prepared by PricewaterhouseCoopers (PWC) and Urban Land Institute (ULI) Istanbul ranks number one among the top cities in the categories of “existing investments”, “new investments”, and “development” in Turkey.
Global players accelerating the rate of growth
