Turkey is one of the most extraordinary place on earth with its Staggering Coastlines, Grand Climate and reasonable property prices. Turkey has a ever so improving yet solid economy and a youthful, cosmopolitan populace prompting developing interest by outside purchasers.
The very strategic location between the continents of the World in addition to its presence of Tourist and Archeological area make it the World best.
One of the fastest growing country in the world and the second highest reformer among OECD countries in terms of restrictions on the FDI since 1997.
Highly competitive investment conditions along with strong industrial and Service culture and equal treatment for all the investors,
New and highly developed technological infrastructure in Transportation, Telecommunication and Energy sector along with Well developed and low cost Sea transport makes it an investor paradise.
Turkey has a huge area ready to be used. 783.562.38km². This size proves that there is a big potential in the country. In the last decade, real estate industry has improved unexpectedly. Although there is a big regression in estates in Europe and USA, Knight Frank figures indicates that estates have grown in Turkey by %18.
Turkey is the 3rd most profitable country in the world for property buyers. And Istanbul is the most charming city in Europe for real estate owners which have been marked by PWC and Deloitte Consulting.
Turkey’s chance of getting a EU membership also has an effect on this potential. This potential has caused people to buy properties in Turkey. Law amendments such as the mortgage law, property title registry law have helped investors buy properties in Turkey in a more secured way. All of those law amendments have been a big chance for Turkey to grow in estate area.
Demographic improvements and economy have opened a way for investors to buy an estate and set up a business in Turkey.
With good inflation rates and economy, investors realize that estate area has highly improved in Turkey. Turkey has created high quality in this sector to increase their chance to be a part of EU. Turkey has made it internationalized for this purpose. The analysis in ECR shows that Turkey has done better than 8 members of 27 EU countries and Turkey’s ECR score has changed to 8 from 48 in ten year period.
%60 population of Turkey is under 40 years old. Besides that, it has 822 billion GPD. When these two are combined, Turkey directly becomes a target for investment.