Investor Choice in Global Uncertainty: Turkey
"Baret Magazine: Woven Global CEO Burak Ustaoğlu evaluates Turkey's 'safe haven' role and the strategic evolution of the Dubai property market during global crises."
Safe Havens During Geopolitical Crises: Bodrum and Sapanca
As global uncertainties rise, investors are pivoting towards Turkey. Woven Global CEO Burak Ustaoğlu stated that following tensions in Ukraine and the Middle East, Turkey's geopolitical position is filled with opportunities. Ustaoğlu highlighted record-breaking interest from Gulf investors in detached, secure, and peaceful areas like Bodrum and Sapanca.
Emphasizing Bodrum's transformation into a global luxury hub, especially with Yalıkavak Marina being named the world's best superyacht marina, Ustaoğlu added that while domestic investors wait due to high interest rates, foreign capital sees Turkey as a 'gateway of opportunity.'
15% Increase in Construction Costs Expected
Addressing cost increases, Ustaoğlu warned: "We see a cumulative rise of 12-15% in the construction cost index compared to the 2024 base. Raw material and energy costs are pushing sales prices upward. There is a high risk of prices skyrocketing in two years due to a potential 'supply crisis'."
Dubai: The Sustainability and Solar Revolution
Evaluating the recent situation in Dubai, Ustaoğlu noted that the market slowdown is not a panic but a 'controlled repositioning.' Reminding that Turks rank first among foreign investors in Dubai, he highlighted the Mercedes-Benz Places by Binghatti project: "Covering the entire exterior of a skyscraper with solar panels will be a world first. Solar energy provides global confidence as an alternative to oil."