Investing in Turkey
Investing in Turkey has become a very advantageous option for domestic and foreign individuals. It is important to be an investor in Turkey that investments are remarkable in terms of profitability, sustainability, and achieving many other opportunities.
Why Should You Invest in Turkey?
Turkey is a very important country that serves as a bridge between the continents of Asia and Europe. In addition to its strategic location, it is also a country with very important cities such as Istanbul and Ankara. according to 2022 data, a very large part of the population in Turkey, which has a population of about 85 million people, consists of young people. This feature makes Turkey a dynamic country.
Serious changes have also occurred in the real estate sector in Turkey, where investments have increased very significantly over the past 20 years. While the real estate sector is shrinking in Europe and other parts of the world, the opposite situation has happened in Turkey. Turkey’s strong economy and dynamic population are considered to be among the biggest factors in this change.
In Turkey, where an average of 1.6 million housing sales place annually between 2015 and 2020, 4% of these sales are sales to foreigners. Foreign citizens who buy an average of 40,000 houses every year prove that Turkey is a more reliable investment area every day. In the fact that these figures are increasing compared to the years, it is also necessary to mention the opportunities offered by Turkey to encourage foreign investors.
Stable Economy and Dynamic Population
Turkey has been an ideal country to invest in since 2000, with the increase of the young population and the achievement of economic stability. Increasing economic stability every day has brought with it social and cultural investments that will support real estate investments. Thanks to the fact that citizens are economically stronger, the need for new real estate has been born, and investments have also been made to meet this need.
New projects to support foreign investments are being signed in Turkey, where an average of 5.5% growth in GDP occurs every year. It is possible to carry out activities in different sectors in Turkey, where financial resources are offered to investors within the framework of incentive programs. Within this framework, opportunities have emerged for other sectors in Turkey, where real estate investments are taking place.
In addition to the fact that investment opportunities are very serious, a dynamic population has also been an interesting situation for new investors. In this context, the fact that bilateral earnings are at the forefront opens the door to serious opportunities for foreign investors.
Legal and Political Stability
Turkey has remarkable characteristics as a democratic country that respects human rights. important political steps have been taken in Turkey, which has managed to achieve political stability for more than 20 years together with the AKP, which has been in power since 2002. In this context, it should be known that Turkey is being accepted as a more reliable area for investors every day.
It is a fact that Turkey is making very serious attempts to ensure that the stability achieved in the political sense can also reach a perfect point at the legal point. It is necessary to express that Turkey, which attaches great importance to legal norms and regulations during the membership process of the European Union, is adopting the rule of law more and more every day thanks to this feature.
Founded in 1923, the Republic of Turkey has become a country where legal standards have been established with the strength of being a country for almost 1 century. It will not be wrong to consider legal and political stability as the most important factor that Turkey is making serious progress in the real estate sector and foreign investors are choosing the country every day.
Obtaining Citizenship by Investing in Turkey
While Turkey attracts attention as a country where investors are showing more and more interest every day, it is also an area where there is an increase in the number of studies for the promotion of investments for foreigners. Within this framework, Turkey is special for foreigners not only in terms of profitability but also in terms of achieving a standard of living and the right to citizenship.
It is known that citizens of foreign countries will obtain citizenship if they invest under conditions established by law. In this context, the aim is to encourage foreign investments completely and to reach more investors. The fact that having a Turkish passport is a very special case allows many investors to obtain the right to citizenship.
Cost of Living Is Low
Turkey is considered to be an ideal country in terms of living costs while achieving luxury and comfort together. For this reason, there is no need for very serious budgets to make life sustainable in Turkey. The amounts that foreign investors will pay for living expenses in Turkey, where they make their investments with confidence, compared to European cities, are quite low.
While living in world-class cities such as Istanbul, Ankara, Antalya, Izmir, and Bursa, investors are likely to feel like they are in a European city. Moreover, the fact that the cost of living is very low compared to European cities while achieving this feeling is of interest to almost all investors.
Natural and Cultural Riches
As living in Turkey is special in every sense, it is also valuable for investors to discover natural and cultural riches. For this reason, Turkey is almost a paradise for many people who want to realize their cultural wealth. It should be remembered that investing in Turkey, which will allow you to feel the cultural richness thanks to Cappadocia, the Black Sea, Mardin, Sanliurfa, and many other attractions, will turn into a completely different excitement for you.
