Istanbul Financial Center: Turkey's Global Financial Center Opens

The Istanbul Finance Center (IFC), located in Istanbul's Asian Side's Umraniye neighborhood, had its official debut. The Turkish economy and Istanbul's real estate market are expected to be completely transformed by its grand launch. It is preparing to rise to prominence as one of the world's major financial hubs. For Property Superiors clients who were urged to invest in the IFC back in 2019 and 2020, this development is very important. Thanks to Property Superiors' insight and knowledge, these clients are now in a position to enjoy significant returns and capital growth.

The Istanbul International Finance Center: What is it? 

Istanbul is intended to become a competitive location for foreign financial institutions and investors thanks to the IFC project, which was launched in 2009. The Central Bank of the Republic of Turkey, the Borsa Istanbul Stock Exchange, and the Capital Markets Board of Turkey will all be housed in this historic building, together with other important financial institutions and agencies. The IFC is anticipated to draw around 100,000 visitors per day, including employees, and will rival cities like New York, London, and Dubai thanks to its 1.3 million square meters of office space, 100,000 square meters of shopping mall, 2,100-person conference center, 30,000 square meters five-star hotel, and 26,000 vehicle parking lot.

Since both domestic and international businesses are vying for a place in this famous new financial centre, demand for leasing space within the IFC has already outpaced supply. Participating insurance businesses, financial investment and portfolio management organizations, and finance corporations will be housed in the center. The mall, which has cutting-edge amenities, distinctive architecture, and practical design, is anticipated to host stores for well-known international retail brands.

The Turkey Wealth Fund is in charge of the IFC project, which was created in collaboration with the Ministry of the Environment, Urban Planning, and Climate Change. The Turkish Central Bank will shift its activities from Ankara to Istanbul in the upcoming months in a significant step. Thanks to the IFC, it is anticipated that Turkey's exports of financial services would rise from the current $2 billion to $16 billion over the next 15 years. A $30 trillion market, a robust domestic economy, and a youthful, educated population are all made accessible to the country because to its unique location at the meeting point of Europe and Asia. With an emphasis on banking, insurance, green finance, technology, and Islamic finance, the IFC will assist Istanbul's whole financial network.

The IFC has sparked major investment in the Atasehir neighborhood of Istanbul, which is close to both of the city's international airports. As a result, property values have increased as people profit from the potential of this strategic suburb and businesses acquire homes for workers. The IFC's launch represents a significant turning point for the wider area as well as Turkey's expanding and dynamic economy. By facilitating and assisting money movements on a worldwide scale, it will elevate Istanbul to the status of a major participant.

A Proof of the Vision and Investment Opportunities of Property Superiors

Property Superiors advised clients to participate in this enormous project since they saw the IFC's potential early on.

The Next Opportunity: The Little Bosphorus

What will happen next for investors in Property Superiors? For investors looking for the next big thing in Istanbul's real estate market, this development—which we previously discussed—offers a rare chance. The Little Bosphorus project is positioned to offer benefits comparable to the IFC investments in just two to three years thanks to its advantageous location, up-to-date facilities, and competitive pricing points.

Property Superiors is devoted to finding and delivering the most promising investment options to our clients as the Istanbul Finance Center ushers in a new age of growth and success for Turkey. We welcome our clients to discover the Little Bosphorus and safeguard their future gains in Istanbul's vibrant real estate market with the IFC as a brilliant example of our capacity to predict the potential of such projects.