Why Turkey
Why to invest in Turkey?
Investing in a specific country, like Turkey, requires evaluating multiple factors. Here are several reasons why investors might consider Turkey:
- Strategic Location: Turkey acts as a bridge between Europe and Asia, making it a prime location for trade and investment.
- Young and Growing Population: Turkey boasts a relatively young and expanding population, which is beneficial for economic development and consumer markets.
- Diverse Economy: The Turkish economy is diverse, with strengths in sectors such as manufacturing, agriculture, and services.
- Infrastructure Development: Significant investments in infrastructure projects, including transportation and energy, are enhancing connectivity and supporting economic growth.
- Customs Union with the EU: Turkey’s customs union with the European Union (EU) offers preferential market access for certain goods.
- Tourism Sector: As a popular tourist destination, Turkey’s tourism sector significantly contributes to its economy.
- Investment Incentives: The Turkish government has introduced various incentives to attract foreign investments, including tax benefits and support for specific industries.
- Natural Resources: Turkey’s natural resources, such as minerals and agricultural products, are attractive to investors.
What Are The Sectors In Turkey That Foreign Investors Are Investing?
If you want to make a wise investment, you should first learn about the industries. Below is a detailed description of the top three industries that attract foreign investors;
REAL ESTATE
The real estate sector in Turkey has become a major focus for both domestic and international investors. Key highlights include:
Economic Growth and Urbanization: Turkey’s economic growth and urbanization have spurred demand for both residential and commercial real estate.
Foreign Investment: The Turkish government has actively encouraged foreign investment in the real estate sector. Legislative changes allowing more countries to purchase property in Turkey have boosted foreign investment.
Tourism and Hospitality: Growth in the tourism sector has increased demand for hospitality-related real estate, such as hotels and vacation homes.
Government Incentives: Various incentives from the Turkish government, including tax advantages, citizenship programs for real estate investors, and other financial benefits, have stimulated the real estate market.
Infrastructure Development: Ongoing infrastructure projects, such as those in transportation and urban development, enhance the appeal of certain real estate markets in Turkey.
Diverse Markets: Turkey offers a variety of real estate markets, including major cities like Istanbul and popular tourist destinations along the Mediterranean and Aegean coasts.
Residential Property: There is strong demand for residential property due to factors like population growth, urbanization, and evolving lifestyle preferences.
Commercial Real Estate: Interest in commercial real estate is also significant, especially in business districts and economically active areas.
The real estate market in Turkey is highly attractive to foreign investors due to major projects like the Eurasia Tunnel, Marmaray, Istanbul Airport, and Canal Istanbul. Additionally, Turkey’s numerous natural wonders offer potential for raising funds for charitable and cultural activities. Investing in real estate in Turkey is a sound decision for many reasons and consistently yields profitable returns.
Moreover, Turkey’s Citizenship Program draws many international investors seeking a secondary passport. Currently, an investor can obtain Turkish citizenship within six months by purchasing property worth at least $400,000 USD.
Our company assists clients in obtaining a Turkish passport through real estate investment.
HEALTH INDUSTRY
The rapid growth of the health sector over the past decade has attracted the interest of numerous international investors. Each year, many tourists travel to Turkey for dental work, cosmetic surgery, hair transplants, and other medical procedures. Official data shows that 1 million foreigners sought medical treatment in Turkey in 2018.
The availability of high-quality services at affordable prices is increasingly drawing foreign investors to Turkey’s health sector. As Turkey’s largest source of income, investments in this sector have the potential to be highly profitable.
