Rising geopolitical risks in the Middle East and changing perceptions of security are pushing global real estate investors to seek new alternatives. Hakan Bucak, Chairman of the Board of Hakan Bucak Real Estate, stated that in this process Türkiye is standing out with its more predictable risk structure, strong construction infrastructure, and qualified workforce, and emphasized that the country is becoming an increasingly attractive alternative for international investors.
Pointing out that one of the main topics on the agenda of the global real estate sector at the recent MIPIM fair held in Cannes was the developments in the Middle East, Hakan Bucak said that a significant shift is taking place in investor perception and made the following assessment:
“From the perspective of Gulf countries, which until now had been positioned as safe havens, the uncertainty created by current geopolitical developments is reshaping investors’ perception of risk. Real estate markets are shaped not only by the balance of supply and demand, but also by perceptions of security and predictability. At this point, investors are no longer looking only at returns, but also at how manageable and predictable the risks are. The overall picture that emerged at MIPIM clearly demonstrates this transformation.”
Türkiye’s predictable risk structure stands out
Emphasizing that despite being located in a geopolitically challenging region, Türkiye offers a more balanced risk profile from an investor perspective, Bucak continued:
“Given its geography, Türkiye naturally carries various geopolitical risks. However, what is critical here is how readable and manageable these risks are for investors. The fact that risks in Türkiye have a more predictable structure creates an important advantage for investors. At the point we have reached today, we see that Türkiye offers a more balanced and manageable market for global investors. Within this framework, Türkiye is becoming a new safe haven for global real estate investors.
On the other hand, we also foresee that interest in Türkiye’s real estate market may increase not only among global investors but also among domestic investors. For a long time, one of the main markets Turkish investors have turned to abroad has been Dubai, but current geopolitical developments may bring with them a renewed search for balance in these preferences. In this process, domestic investors who have been making real estate investments abroad may also shift part of their portfolios toward opportunities in the local market.”
Strong construction ecosystem and workforce advantage
Stating that Türkiye’s production capacity is a decisive factor in investment decisions, Bucak described the sector’s structural strength as follows:
“One of Türkiye’s greatest advantages is its advanced construction sector and the qualified workforce in this field. Thanks to many years of experience, a strong contracting infrastructure, and a broad supply chain, Türkiye is in a position to deliver large-scale projects quickly and with quality. This creates an important sense of confidence not only for the local market but also for international investors.”
Türkiye may stand out more in investment preferences in the new period
Stating that investor behavior in the coming period will be more cautious yet also more strategic, Bucak concluded his remarks as follows:
“In the period ahead, we will see a more selective and more cautious approach in global real estate investments. Capital will increasingly adopt a mode of action that analyzes more deeply, evaluates risks in greater detail, and places security perception at the center. With its predictable risk structure, strong production capacity, and dynamic domestic market, Türkiye will move higher on investors’ radar in this new period.”