Version: CN
IQI, the global property company that operates in more than 25 countries, today announces that is deepening the links between its European and Asian operations with the launch of IQI Turkey.
The new office will provide the local market with globally leading real estate technology and management expertise. It will also facilitate cross-border investment both into and out of the country.
“Our entry into the Turkish market represents a key strategic initiative for IQI Global,” said Kashif Ansari, Co-Founder and Group CEO of Juwai IQI.
“We see great potential in the Turkish market and aim to bring our global expertise to this market.”
Turkey is made attractive by its growing strategic importance, regional technological and industrial leadership, young and educated population, and shift towards more balanced and sustainable growth in 2024.
Kashif Ansari, Co-Founder & Group CEO of Juwai IQI
Turkey’s economy grew 5.7% in the first quarter, its second-best performance since early 2022.
“Home price growth has been impressive. Inflation-adjusted prices rose by 18.4% y-o-y in October 2023 for new dwellings and by 15.8% for existing dwellings.
“In Istanbul, rental rates have increased rapidly, pushing returns on investment for rental apartments up to as much as 9.2%, depending on the district. Meanwhile, inflation-adjusted property prices have also increased rapidly: by 20% in the capital Ankara and 10% in Izmir, the country’s third largest city.”
Daniel Ho, Co-Founder and Group Managing Director of Juwai IQI, added, “IQI Turkey will serve local consumers and developers. It will also link Turkey to other international markets.
Turkey has a dynamic local real estate market and is a popular destination for foreign investment. Turkey is the only G-20 country that offers direct citizenship by investment, rewarding investors who purchase property.
Daniel Ho, Co-Founder and Managing Director
Foreign purchasing is linked to second home demand and Turkey’s popular digital nomad and residency by investment programs. Launching this office in Turkey will enable IQI to meet this need by combining local knowledge with international best practices and technology.”
Local industry leader Ersin Öksüzoğlu will serve as Country Head for the new IQI Turkey. He has a long career in international real estate and investment, including as founder of EOS Turkey Property and managerial roles at Emaar Properties.
He regularly completes transactions with investors from all continents and believes that Turkey offers both an attractive investment profile and appealing immigration program.
Oksuzoglu said about the new launch, “Our experience with transactions involving various nationalities and countries has prepared us for this partnership with IQI. We have proven our abilities by becoming the leading company working with investment flows from numerous countries around the globe and especially Asia.
Our team’s expertise in handling over 3,000 immigration and citizenship by investment applications highlights our commitment to excellence.
Ersin Öksüzoğlu, Country Head of IQI Turkey
With our partner legal office, we have a fully bilingual and expert team to handle our clients’ legal requirements in the country.
“Joining IQI’s network will allow us to share our local knowledge with a wider audience. The IQI Turkey office aims to combine local experience with global vision, creating value for clients and partners. And we invite investors worldwide to consider the opportunities in Turkey as part of their investment strategy.”
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