Wonderful Country Turkey
TURKEY in Brief
Turkey is a country offering significant opportunities for foreign investors with its geographically perfect position to function as a gateway between Europe, Middle East and Central Asia. The opportunities exist not only in the dynamic domestic market, but also throughout the region.
Hospitality and tolerance being the traditional cornerstones of the Turkish way of life, the country is open to foreign investors with many attractions to offer:
* Large and growing domestic market
*Mature and dynamic private sector
* Leading role in the region
* Liberal and secure investment environment
*Supply of high quality and cost-effective labor force
* Accession to EU
* Developed infrastructure
* Competitive tax system
Turkey enjoys a unique location bridging Europe and Asia. Turkey's proxy to the emerging markets in the Middle East and Central Asia expands the potential market size as an export platform.
Turkey's linguistic, religious cultural ties with the Turkish republics in the Central Asia and Caucasia have a special value and privilege. Turkey has the unique opportunity in establishing a very close economic cooperation to help exploit their vast resources of oil, natural gas and precious metals.
Hence, Turkey stands as the perfect gateway for the foreign investors searching for business opportunities in the Balkans, Caucasia, Middle East and Central Asia. Furthermore, there is a considerable business volume in terms of trade with Russia and Black Sea countries.
The existence of more than 6,000 foreign capital firms ensures a stable a reliable investment environment in Turkey. Furthermore, there are significant number of foreign investors who have located their regional headquarters for the Turkic Republics, the Middle East, Africa and some even for Eastern Europe.
The long term prospects for Istanbul's property market looks promising with a strong national economy and stabilising effects of the government policies. Turkey entices tourists with its 8,000km coastline and 192 beaches. A paradise for boat lovers, sun worshippers and divers, with 12 marinas awarded a blue flag.
Over 27 million tourists came to Turkey in 2008 (growing over 300 % in last 8 years) 30 million tourists expected in 2009. Minimum capital growth in Turkey is 20% compared to 6% in the UK .
According to the World Trade Organisation, Turkey is among the most dynamic 20 countries in the world with a 7.46% average growth rate for the last 5 years.
The Turkish property market is growing rapidly. Foreign property investment has increased by over 340% in last 4 years.Over 60,000 foreigners have purchased a property since 2003. 18,593 of them are British citizens.Turkey has a population of 70 million.
70% of the population is younger than 30 years of age. This creates a strong internal property market so that investors are not completely reliant on international investors for resale.
The cost of living in Turkey is very low and for UK investors purchasing a property in Turkey is a very easy process.
Turkey is in negotiation process with European Union regarding its accession and it is expected to be a European Union member in 2013. property prices have been predicted to increase dramatically after the accession.With 300 sunny days a year and temperature between 18C and 45C it is a perfect place to relax and play golf all year around.
