Istanbul: A Global Investment Magnet
Istanbul, Turkey, May 2, 2026 – Özak GYO, a prominent real estate investment trust, recently outlined its 2026 targets, ongoing investments, and predictions regarding Turkey’s regional potential during a press briefing. Ahmet Akbalık, Chairman of Özak GYO, highlighted a historic window of opportunity for Turkey amidst shifting global economic dynamics.
Akbalık emphasized that in an era of increasing global uncertainties, capital is becoming more discerning, seeking safe havens. He asserted that Turkey, with its young population, burgeoning urbanization needs, and deep-rooted real estate sector, stands as a prime candidate. “The recently announced tax package, in particular, is a revolutionary step that positions our country to compete with major centers like Dubai or Frankfurt for international capital,” Akbalık stated. He added, “If we can integrate our financial center identity with our capacity as a transit trade hub, we can transform Istanbul into a global attraction center.”
Real Estate Market Insights: A Window of Opportunity for Buyers
Akbalık also provided an assessment of the housing market. He noted that the current high-interest rate policy has constrained both supply and demand. “While construction costs are rising, sales prices have not kept pace, creating a gap in the sector,” Akbalık explained. However, he predicted a rapid closure of this gap as interest rates normalize, leading to a surge in deferred demand. “Since the supply cannot quickly meet this demand, the most rational step for investors or homebuyers is to position themselves before this gap fully closes,” he advised.
Özak GYO’s 2026: A Year of Deliveries and New Projects
Fatih Keresteci, General Manager of Özak GYO, declared 2026 as a “year of deliveries” for the company. He announced that Özak Duyu Göktürk, Özak Dragos, and Hayat City Mahmutbey projects are slated for delivery this year. “Our Hayat Flora project in Küçükçekmece, a joint venture with Emlak Konut GYO, with its 1431 independent units, essentially means establishing a new district,” Keresteci highlighted. He further added, “Additionally, we are launching two new residential projects in central locations: Özak Palas Balmumcu and Hayat Topkapı.”
Key Takeaways from the Press Briefing:
- Strategic Position: Turkey’s young population, urbanization needs, and robust real estate sector make it an attractive investment destination.
- Tax Package Impact: The new tax package is seen as a game-changer, enhancing Turkey’s competitiveness for international capital.
- Istanbul’s Potential: By combining its financial center status with its transit trade capabilities, Istanbul can become a global hub.
- Housing Market Forecast: A temporary gap between construction costs and sales prices is expected to close, leading to increased demand.
- Özak GYO’s Deliveries: 2026 marks a significant year for project deliveries, including major residential developments.
The statements from Özak GYO leadership underscore a confident outlook for Istanbul’s economic future, positioning it as a key player in the global investment landscape.
