Why Invest in Turkey
In this article from Ebla Real Estate, we will talk about the investment in Turkey and what makes investors interested in investing there. We will also shed light on the most important areas of investment, as it is one of the leading countries in the investment world.
An introduction:
Turkey has a strategic location in Western Asia, it links the Asian continent with the European continent. It has a population of about 84,680.273 people. Moreover, it is one of the developed countries at all levels.
Furthermore, it is a favorite destination for tourists and investors because of many reasons such as its diverse and amazing nature, its strong infrastructure, and the urban expansion.
The investment in Turkey:
Turkey is a perfect place for investment, it has provided all facilities to investors from all over the world.
In addition, the Turkish government has followed the approach of granting Turkish citizenship to foreign investors to encourage investors and strengthen the economy.
Therefore, the foreign investors have the right to obtain Turkish citizenship in return for owning a property with a minimum amount of (250,000) US dollars or its equivalent.
Why invest in Turkey?
There are several reasons make Turkey a preferred destination for investment, as investors come to Turkey and invest from all over the world.
Among the most important reasons and factors:
Geographical and strategic location:
Turkey is a natural bridge between Asia and Europe, and both continents influence its culture. There is abundant water distributed over the most important seas, such as the Black Sea and the Mediterranean. Moreover, there are many rivers, such as the Euphrates River and the Tigris River flow in Turkey.
The robust economy of Turkey:
The economy of Turkey is an emerging market economy, as defined by the International Monetary Fund. Economists and political scientists define Turkey as one of the newly industrialized countries in the world. Moreover, Turkey has the 20th largest nominal GDP in the world, and the 11th largest GDP by purchasing power parity.
Turkey is a founding member of the Organization for Economic Cooperation and Development and the G-20 major economies. Furthermore, Turkey is an industrialized country, it has a well-developed automobile industry, and is famous for the shipbuilding industry.
In addition, it has well-known electrical brands, such as Beko, Vestel, and others, and is one of the most important manufacturing companies of white goods, consumer electronics and new technologies.
There are also many factors that strengthen the Turkish economy, such as construction and real estate development, banks, textiles, food, and the iron and steel industry.
Additionally, agriculture and livestock have a very important role in the national economy, as a quarter of Turkey’s population are working in agriculture.
Tourism in Turkey:
Tourism in Turkey is one of the most important pillars of the Turkish economy, especially in recent years. Moreover, Turkey is one of the most important ten countries in terms of tourist attractions in the world.
Furthermore, tourism is significant for economic development and as a source of foreign exchange. Therefore, Turkey established some tourism facilities and provided incentives for investment.
In 2014, it ranked sixth in the world and fourth in Europe in terms of tourism as the tourism revenues reached 29.5 billion Dollars.
Turkey’s young and well-educated population is a valuable asset and an important factor of the investment factors, as investors face significant challenges elsewhere in Europe. Additionally, it has undergone growth in basic infrastructures, such as transportation, communications, power, and technical infrastructure, making it a magnet for foreign investment.
Living in Turkey and the government support for investment:
The Turkish government motivates and encourages foreign investors by providing facilities and reducing taxes. Any foreigner can establish a company in Turkey within days without obstacles. Thus, the foreign investor will be able to implement investment projects on a large scale.
The most important areas of investment in Turkey:
Turkey has always been favored thanks to its geopolitical location, hospitality, strong infrastructure and robust economy. These features make Turkey a significant hub for drawing local and global investors in a variety of sectors. Moreover, investments lead to great financial returns and profitability. The most important investment areas in Turkey are:
Agricultural investment in Turkey:
Turkey is one of the developed agricultural countries, so agricultural investment is of great importance in Turkey. That is because there are appropriate conditions such as the natural elements and the human resources in addition to the government’s interest and support for agricultural investments.
Moreover, Turkey has suitable geographical conditions, favorable climate and abundance of water resources. Furthermore, its vast agricultural lands extend along the length and breadth of the country.
Industrial investment in Turkey:
It is one of the most important sectors of the national economy. Moreover, industry contributes significantly to the economic boom in Turkey. Furthermore, the large number of industrial areas is a great incentive for industrial investment.
The diversity of industries in Turkey gives an incentive for investment, as there are many industrial fields in Turkey such as the automobile industry, electrical industries, electronic industries, textiles, technical industries, furniture industries, and others..
Real estate investment in Turkey:
Real estate investment in Turkey is one of the most important investments in Turkey for many reasons, including:
- The urban renaissance and urban expansion and the prosperity of economic projects in Turkey in addition to the population density in Turkey.
- Continuous and guaranteed profits and returns and the increasing competitive demand for real estate investment.
- The possibility of obtaining Turkish citizenship through real estate investment.
- The government facilities provided to the real estate sector in Turkey.
Thus, we have provided information about the investment in Turkey, the most important reasons and factors of the investment in Turkey and the most prominent investment areas in Turkey.
Edited by: Ebla Group Real Estate
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