Economic Factors in Turkey

The economy of Turkey is showing a very positive outlook for the coming years. With a yearly average increase of 8% between 2002 and 2004, and as one of the top ten countries in the world with regards to agricultural production output, the spectacular growth of the Tourism sector can be considered the “icing on the cake” which makes Turkey such an attractive location to invest in.

Additionally, inflation is at the lowest it has been in over three and a half decades and with the government actively promoting foreign investment into real estate in the country, all indicators point to the fact that the time to purchase property in Turkey is now.

Commercial real estate in Turkey is being seriously promoted with senior financial analysts advising that the over the next five years as many as 200 commercial centres may be built throughout the country.

The stable political situation in Turkey means the continuation of the economic reforms which have been actively promoted by the Turkish government over the past years and which have resulted in the positive outlook we see today, as well as the continuation of working towards EU membership and the continuation of the secular governance.

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