4 Major reasons to invest in Turkey

9 May 2019

4 Major reasons to invest in Turkey

Istanbul is one of the major cities in the world, due to its location in the center of the world, linking two continents, Europe and Asia, the variety of cultures and the great history behind this city. 

Turkey has become one of the most competitive markets in the world in the foreign investment sector, since the change of foreign direct investment law in 2003. 

From 2003 until 2016, foreign direct investment in Turkey had developed to 180 billion USD.

The government has made major changes in real estate sector, to encourage investors from all over the world to come and invest in properties in turkey. They created many incentives and facilities which made it easier for foreigners to get their title deeds and any person who spends more than 250,000 USD on a property is authorized to get a Turkish citizenship. Turkey also improved the investment environment by decreasing the costs and transactions to establish a company in Turkey, simplifying the procedure and protecting the rights of investors in Turkey.

First reason, Turkey has a strong economy that will keep growing and moving forward year after year with all the problems and political conditions in the region. Turkey’s economy occupies the 17th position in the world. Economic experts predict that by 2020, the Turkish economy will be part of the trillion dollar ranks along with the top 10 other economies in the world such as Russia, China and the USA.

Turkey in the last 14 years has become a manufacturing center for many international companies such as Ford and Nestle.

There are over 500 international companies in Turkey specializing in different sectors like agriculture, textile, manufacturing and processing, health and medical care, construction and transportation. 

Last year exportation in Turkey reached 20 billion from different industries. The successful development of the Turkish economy is a result of the 2023 vision plan for Turkey.

Second reason is the strategic location of Turkey, it is the bridge between the east and west which makes it a perfect location for investment. Surrounding nations are all interested in mutual successful investment partnerships with turkey, from Asia to Africa, middle east and Europe.

Turkey’s perfect location makes it also attractive to tourists from all over the world. These existing facts will develop even more with the new Istanbul airport that will be a major international hub for tourists and business investors. The new airport promises a brighter future to Turkey and to Istanbul specifically, which is proved by the big investments that are taking place around the area that surrounds Istanbul New Airport.

Third, the urban infrastructure in Turkey have seen strong improvements. Turkey is becoming the world leader in infrastructure. Major projects have been made to improve the conditions of highways that were ignored for so many years, and new roads and bridges have been created to make life easy and avoid traffic.

Besides that, ongoing mega projects are taking place in turkey which will help in the growth of turkey’s economy such as the new canal of Istanbul, the third new airport, the big tunnel and other factors. 

In the real estate sector, suburbs are turning into modern megacities which shows that the standard of living is also developing. Many constructions, modern housing projects and towers have been created for foreign buyers to invest in buying properties in Turkey.

Integrating social and community features with these modern houses along with stunning views, and the high modern technology made Istanbul more attractive to investors to buy a property in Istanbul.

Fourth, Turkey’s future looks very bright with all the achievements reached in the last 20 years. It is a country with great opportunities, prospects and big vision. With the determination and strength, it proved to the whole world that it could recover in the past 3 years after the terror attacks that happened in 2016 in Turkey and other countries around the same period.

The results of turkey’s economic growth and development in the past years are impressive. Turkey still has 5 years to complete the 2023 vision plan which will enable Turkey to become one of the top economies in the world, most visited country and one of the best tourist destination.