土耳其房地产市场的利弊分析-毕业设计外资料翻译.docxVIP

哈尔滨商业大学本科毕业设计外文翻译学生姓名：指导教师：专业班级：学号：学院：2017年04月07日An Analysis of the Strengths and Weaknesses ofthe Turkish Real Estate Market1. IntroductionReal estate is one of the foremost and traditional investments for Turkish household due to several reasons. Demographics, immigration to urban areas, urbanization, industrialization and renewal are the main components of the strong domestic demand for real estate. After 2000-2001 banking crisis, it has been also observed that foreign direct investments (FDI) to real estate markets were also augmenting. After the crisis, Turkish economy has showed extraordinary economic growth until negative impacts of global financial crisis in the 2008. EU full membership candidacy, political and economic stability and increasing liquidity (due to the rise in direct and portfolio investments) are the main components of the growth period.Rising residential prices, increasing the supply of residential unit and shopping center, growing FDI to domestic real estate market (particularly for commercial real estate investments) and production growth in social real estate market (by HDA/Housing Development Administration ofTurkey) are the positive indicators of a dynamic real estate markets in this period. In addition to this remarkable periodic market movement, there are many reasons for a strong housing demand in Turkey (i.e. young population and inward migration, renewals, growing demand for afford able housing and niche residential demand etc.) which are significant for a long-term market development. Onthe other hand, the demand for industrial and commercial real estate also seems strongin Turkey thanks to dynamic socio-economic structure.Our study is motivated by two factors. First, although the economic growth is relatively higher and strong domestic and international residential/commercial real estatedemand are the positive aspects, Turkish real estate market experiences importantdeficiencies. In this paper, we are attempting to reach an