Turkey today as a whole has enormous economic potential and, due to its growth rate, currently ranks 6th in terms of economic performance in Europe. Turkey’s GDP in 2019 amounted to 784 billion US dollars.The impressive pace of development carried out by the state over the past decade has made the country attractive to foreign investors.
The main investors in the infusion into the Turkish economy are the developed countries of the EU, the countries of the Middle and Far East, and the post-Soviet space.
Among the countries making direct investments in the Turkish economy are Qatar, Great Britain, Azerbaijan, Japan, and since 2017, increased interest has been observed from China. For example, the number of Japanese companies throughout Turkey exceeds the number of 200. Turkish and Japanese construction contractors are implementing joint projects. There are 65,533 foreign companies operating in Turkey, the main export markets are Germany, Great Britain, Italy, Iraq, USA, Spain, France, Belgium, Israel.
11 reasons why Turkey is interesting for investors
- Stable growth in real estate prices
Experts consider real estate in Turkey today to be a very profitable, sustainable and long-term investment. Investors continue to invest in the country despite the political events around Turkey. This is facilitated by stable economic growth, competent and loyal to investors state policy. The development of real estate related to the construction of new housing provides an impressive investment potential for the purchase of apartments or houses. The growth of the construction sector according to high-quality modern technologies at the same time generates demand not only from the population, but also from outside.
At the moment, there are no prerequisites for the use of an artificially “inflated ball” in terms of pricing. The quality of construction and pricing policy is controlled by the state and clearly corresponds to the prices set on the market.
Turkish real estate today can confidently offer excellent quality of construction and decoration of residential complexes. By investing money, everyone can be sure that they are provided with comfort, impeccable service, coziness, safety, harmony and the opportunity to live by the warm sea all year round.
- Rapid pace of regional development and modern roads
The real estate market today and the construction sector leads to the development of new regions. The commissioning of large-scale state projects, such as the new airport in Istanbul. Also, the operating airport in the city of Gazipasa (located 35 km from Alanya) carries out weekly direct flights from Moscow to Alania, which makes it easier for foreign citizens to fly on vacation.
Over the past 10 years, the state has invested huge sums in the modernization of highways. High-speed trains have become a great achievement in the transport sector. With the launch of the first high-speed trains, Turkey ranked 6th in Europe using these technologies and 8th worldwide.
- High growth rates of development of agriculture and medical tourism
The government of the country pays great attention to agriculture and regularly allocates huge financial resources for the development of the agricultural sector and agriculture in general. State grants to support small and medium-sized businesses in the field of agriculture have been operating successfully throughout the country since 2018.
Turkey is also among the countries with the highest level of medicine. For the past 10 years, qualified doctors in private and public hospitals throughout Turkey have been working on the most modern equipment and thus offering a high level of medicine.
- Growth in the standard of living and well-being of the population
The growth of living standards and stability give confident trends of increased demand for foreign families to move to permanent residence in Turkey. The investment goals of foreign buyers have changed: for example, 5 years ago, resort regions were in great demand. Such cities of Turkey as Alanya and Antalya were considered by foreign buyers mainly as regions for recreation by the sea. The priority when buying real estate was new residential projects of the type of hotel infrastructure, with a sauna, a hammam, an indoor and outdoor pool and, most importantly, as close as possible to the ennobled beaches. Currently, the situation has changed, and as a result, the approach to investing has changed. Now the demand for real estate among foreign buyers has become more balanced, the priority has become high-quality areas for permanent residence. Maximum proximity to the sea and residential complexes with hotel infrastructure have not become the most important criterion. It was important to have quality kindergartens, schools and hospitals nearby in the area, the safety of the area itself, the solidity of residents and the price ratio to these criteria. For example, take the city of Antalya, Turkey – a few years ago, the Liman district, famous among foreign buyers, has now lost its former positions of popularity. At present, such areas as Uncali and the Central districts of the city, which are now undergoing a state program of modernization and renovation, have become in great demand. Interest in areas such as Kepez and Dosemealti has also increased.
- Low rates of property tax from individuals
Property tax in Turkey has a significantly lower rate compared to Spain, Greece, Italy, France. In large cities in Turkey, the tax is 0.2% of the cadastral value. The cadastral value is 50-60% of the market value of housing.
- Visa-free regime and easy conditions for obtaining a residence permit
One of the important advantages when moving to permanent residence is also a visa-free regime for citizens. Citizens of Russia and the countries of the former CIS can enter the country with passports, and stay 90 days without a visa. If you want to find a period of more than 90 days, you only need to apply for a residence permit in Turkey.
- Dual Citizenship in Turkey
Remaining a citizen of your country, it is possible to have a Turkish passport (according to the decree published on September 19, 2018 in the official gazette of the government, foreigners who have purchased real estate worth at least 250 thousand US dollars are granted Turkish citizenship).
With Turkish citizenship , you can use medical care at no extra cost and conduct regular examinations of the body as a whole. If necessary, perform operations and be observed by a doctor, because Turkey is one of the countries with the highest level of medicine.
- High-quality and fresh products. A wide range of leisure and leisure facilities
Over the past few years, the level of infrastructure in the field of shopping, entertainment venues, recreation areas and food has increased significantly.
On the shelves of shops and farmers’ markets, you can find fresh fruits, vegetables and seafood at affordable prices all year round.
- The presence of a warm climate and a clean sea
The warm climate of Turkey, clean sea and sun 320 days a year allow you to enjoy the sun and quality rest almost all year round. In summer, the temperature averages +30 degrees, and in winter it averages +15 degrees. In January, the temperature drops to +10 degrees. The swimming season in the Mediterranean regions lasts more than 7 months. A high level of fresh air due to the constant presence of greenery and clean sea helps asthmatics and allergy sufferers get rid of this disease or at least reduce relapses to 0. That is why Turkey is a favorable place for asthmatics . You just need to choose the right region. Because in Turkey, the regions by the sea have some differences in microclimate – there are with high humidity, medium humidity and regions with drier air. Regions with drier and less humid climates are located on the coast of the Aegean Sea and the Mediterranean Sea in the Kemer-Antalya region, where there are many eucalyptus forests.
Due to the warm climate, there is also no question of purchasing winter outerwear and warm shoes. And as we all know, good quality winter outerwear and shoes cost a lot of money.
- Education in Turkey in English
The education system in Turkey is under the scrutiny of the state. The state annually allocates large funds for the construction of new schools and modern equipment. Under the current bills, children of Turkish citizens and foreign citizens (with a residence permit) can receive free education.
In addition to free education, there are a huge number of private schools throughout Turkey, in which education takes place in Turkish and English. There is also a choice of private schools, where training is conducted entirely in English and at the end of the European diploma is issued.
- Good attitude of locals towards foreigners
An important factor when considering the issue of a country for moving to permanent residence is to pay special attention to the question – where you will be treated as your own. And it is Turkey that will offer you this.
There is a variety of cultural and entertainment life and a benign attitude of local residents towards foreigners. Turks treat Muslims as well as Christians and Jews equally.