Mete Veras, Head of Business DEvelopment REIDIN.com, explores the Turkish REITS sector strengths and weaknesses.

1. Turkey's REIT sector: An iceberg in Europe
Mete Varas, VP Europe
March 6, 2012
MIPIM 2012, Cannes

2. Turkey's REIT sector: An iceberg in Europe
• Which country in Europe expects 45 new shopping centers only
in 2012?
• Which country in Europe expects 120,000 hotel rooms on 1,000
new properties in the next 3 years?
• Which country in Europe expects to develop 70.000+ residential
new units (branded projects) only in 2012?
• For the second consecutive year, Istanbul is ranked first for both
investment and development by PWC/ULI Emerging Trends in
Real Estate report

3. Turkey’s Exceptional Performance
Source: IMF Source: Turksat

4. Turkey’s Exceptional Performance
Source: Treasury Source: Treasury, IMF

5. Turkey’s Exceptional Performance
Source: Treasury Source: Treasury, IMF

6. REITs in Turkey
Country Under ($ bn) Listed ($ bn) % Stk Mkt %
US 6,437 375 5.9% 14,362 2.7%
Japan 2,305 148 6.4% 3,652 4.1%
Germany 1,522 56.6 3.7% 1,362 4.2%
UK 1,063 56 5.2% 3,174 1.8%
France 1,186 73 6.2% 1,489 4.9%
Hong Kong 974 254 26.1% 2276.8 11.2%
Italy 956 1.7 0.2% 501 0.4%
Australia 514 99.9 19.4% 1304 7.7%
Turkey 219 7.5 3.4% 232 3.2%
Source: EPRA
Source: EPRA

7. Growth of the Turkish REIT Market
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8. Real Estate in Turkey