Why Invest in Turkey

Why Invest in Turkey

• Welcoming nation of people, warm hospitality
• Country rich in culture and of historical importance
• Abundance of modern infrastructure
• Numerous mountain ranges which are looked after in an ecologically friendly way
• Over 200 “blue flag” beaches, seconded only by Spain and France
• Vast thermal pools – perfect for Spas.
• Marmara, Aegean, and Mediterranean coasts offering a typical Mediterranean climate with hot summers and mild winters.

• Tourism in Turkey is booming, with Turkey being one of the top ten tourism destinations in the world, and the sixth in Europe. International arrivals in 2004 were up from 2003 by 24% and in the following year by an additional 21%
• The Turkish economy is showing a strong growth of an average 8% over 2002-2004 whereas inflation had decreased to under 10% in 2004 for the first time in the last 35 years.
• Turkey adopted its first ever Mortgage Law in early 2007, thereby allowing a significant increase in demand for residential property from a totally new breed of buyers.
• Commercial property in Turkey is under close scrutiny with analysts suggesting that shopping centers may the best commercial choice in the country, estimating the construction of as many as 200 over the next 5 years.
• The political situation in Turkey is stable, with the secular pro-western government having been in power since 2002
• If the property purchased is sold later than 5 years after it is originally bought, there is no capital gains tax.
• Freehold property, notarized deeds proving ownership
• Low cost of living
• Turkey estimated to join the European Union in 2015