10 Reasons to Invest in Turkey

1. SUCCESSFUL ECONOMY

 

·         Booming economy; more than tripling its GDP, reaching USD 786 billion in 2012, up from USD 231 billion in 2002 (TurkStat)

·         Stable economic growth with an average annual real GDP growth rate of 5 percent over the past decade (TurkStat)

·         Promising economy with a bright future as it is expected to become the fastest growing economy among the OECD members during 2012-2017 with an average annual real GDP growth rate of 5.2 percent (OECD Economic Outlook No. 91)

·         16th largest economy in the world and 6th largest economy compared with the EU in 2012 (GDP at PPP, IMF WEO)

·         Institutionalized economy fueled by USD 123 billion of FDI in the last decade and ranked as the 13th most attractive FDI destination in 2012 (A.T. Kearney FDI Confidence Index)

·         A dynamic and mature private sector with USD 153 billion worth of exports and an increase of 325 percent between 2002 and 2012 (TurkStat)

2. POPULATION

 

·         A population of 76 million (2012, TurkStat)

·         Largest youth population compared with the EU (Eurostat)

·         Half the population under the age 30.1 (TurkStat)

·         Young, dynamic, well-educated and multi-cultural population

3. QUALIFIED AND COMPETITIVE LABOR FORCE

 

·         Over 27 million young, well-educated and motivated professionals (TurkStat)

·         Increasing labor productivity

·         Approximately 600,000 students graduate anually from over 170 universities (2012, Student Selection and Placement Center-OSYM)

·         More than 700,000 high school graduates with around half from vocational and technical high schools (2012, Ministry of National Education)

4. LIBERAL AND REFORMIST INVESTMENT CLIMATE

 

·         The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)

·         Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 12 days

·         Highly competitive investment conditions

·         Strong industrial and service culture

·         Equal treatment for all investors

·         More than 33,000 companies with international capital

·         International arbitration

·         Guarantee of transfers

5. INFRASTRUCTURE

 

·         New and highly developed technological infrastructure in transportation, telecommunications and energy

·         Well-developed and low-cost sea transport facilities

·         Railway transport advantage to Central and Eastern Europe

·         Well-established transportation routes and direct delivery mechanism to most of the EU countries

6. CENTRALLY LOCATED

 

·         A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets

·         Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa

·         Access to multiple markets worth USD 25 trillion of GDP

7. ENERGY CORRIDOR AND TERMINAL OF EUROPE

 

·         An important energy terminal and corridor in Europe connecting the East and the West

·         Located at a close proximity of more than 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

8. LOW TAXES & INCENTIVES

 

·         Corporate Income Tax reduced from 33 percent to 20 percent

·         Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation

·         R&D and Innovation Support Law

·         Incentives for strategic investment to decrease imports, for large-scale investments, as well as for regional investments

9. CUSTOMS UNION WITH THE EU SINCE 1996

 

·         Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 22 countries

·         More FTAs underway

·         Accession negotiations with the EU

10. LARGE DOMESTIC MARKET

 

·         20 million broadband internet subscribers in 2012, up from 0.1 million in 2002

·         68 million mobile phone subscribers in 2012, up from 23 million in 2002

·         54 million credit card users in 2012, up from 16 million in 2002

·         131 million airline passengers in 2012, up from 33 million in 2002

·         31.8 million international tourist arrivals in 2012, up from 13 million in 2002

 

Source http://www.invest.gov.tr/en-US/investmentguide/Pages/10Reasons.aspx

 

Real Estate 

The Turkish real estate sector, offering ever-greater opportunities for investors every year, has come to prominence especially in the last decade. Although with the recent economic crisis and the global economic recession the European and US real estate markets have been negatively affected, the real estate market in Turkey is still promising. While the reduction in demand and a downward trend in house prices have been observed all over Europe, according to TurkStat statistics the number of apartment units sold in Turkey in the second quarter of 2011 increased by 18 percent compared with the same period of 2010, which shows that the country has huge growth potential in the real estate sector.

 

The entry of global actors into the real estate market is increasing the competitiveness of the sector, while massive mergers and acquisitions taking place help its expansion and overall growth rates. Different surveys and publications such as the “Emerging Trends in Real Estate Europe”, prepared jointly by PricewaterhouseCoopers (PWC) and the Urban Land Institute (ULI), show how global and local interest in the Turkish real estate sector has increased. According to the 2012 publication of the report, Istanbul is ranked as the most attractive investment market in Europe in the “Existing Property Performance”, “New Property Acquisitions”, and “Development Prospects” categories, followed by Munich, Warsaw, Berlin, and Stockholm. Meanwhile, Turkey ranks as the 3rd most attractive real estate investment destination among the emerging countries in 2012, according to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).

 

As Turkey progresses along the road to EU membership, the essential legislative reforms introduced have made investing in the real estate market even easier and more profitable. The amendments to the Land Registry Law, the Mortgage Law, and the redrafting of tax laws are also designed to improve the competitiveness of the Turkish real estate sector.

 

The real estate sector in Turkey also has great prospects thanks to demographic factors that are changing in parallel with improving economic figures. The demand for offices, logistical and industrial areas is expected to increase in line with the increasing number of global and local companies.

 

·         Stable, institutionalized, internationalized sector thanks to predictable inflation rates and consistent prices. 

·         Dematerialization, transparency, auditing, high quality and standards, institutionalization and statistical information in line with the ongoing EU accession process.

·         60 percent of Turkey’s population is under the age of 34, while the country’s GDP was USD 736 billion in 2010.

·         Housing loans increased from TRY 3.5 billion in 2004 to TRY 68 billion as of September 2011. The share of housing loans as a proportion of Turkey’s GDP is estimated to hit 15 percent in 2015.

·         28.5 million tourists visited Turkey in 2010, making Turkey the 6th most visited holiday destination in the world. These figures show the great potential of the Turkish real estate sector as regards the tourism industry.

·         The number of modern shopping centers increased from 44 to 284 between 2000 and 2011.

·         Turkey, as a regional hub providing easy access to 1.5 billion consumers in Europe, the CIS, and as an energy corridor and terminal between Europe, Central Asia and the Middle East, creates more and more enterprises each year within its borders. 

Source: http://www.invest.gov.tr/en-US/sectors/pages/realestate.aspx

 

 
Sales Consultant

Kerim Durmaz
info@villabelek.com
+90(532)763 21 46
 
Sales Consultant

Andrey Pavleev
andrey@villabelek.com
+7(916)149 80 09
 
Why Turkey For Investment?
   
 

10 Reasons to Invest in Turkey

1. SUCCESSFUL ECONOMY

 

·         Booming economy; more than tripling its GDP, reaching USD 786 billion in 2012, up from USD 231 billion in 2002 (TurkStat)

·         Stable economic growth with an average annual real GDP growth rate of 5 percent over the past decade (TurkStat)

·         Promising economy with a bright future as it is expected to become the fastest growing economy among the OECD members during 2012-2017 with an average annual real GDP growth rate of 5.2 percent (OECD Economic Outlook No. 91)

·         16th largest economy in the world and 6th largest economy compared with the EU in 2012 (GDP at PPP, IMF WEO)

·         Institutionalized economy fueled by USD 123 billion of FDI in the last decade and ranked as the 13th most attractive FDI destination in 2012 (A.T. Kearney FDI Confidence Index)

·         A dynamic and mature private sector with USD 153 billion worth of exports and an increase of 325 percent between 2002 and 2012 (TurkStat)

2. POPULATION

 

·         A population of 76 million (2012, TurkStat)

·         Largest youth population compared with the EU (Eurostat)

·         Half the population under the age 30.1 (TurkStat)

·         Young, dynamic, well-educated and multi-cultural population

3. QUALIFIED AND COMPETITIVE LABOR FORCE

 

·         Over 27 million young, well-educated and motivated professionals (TurkStat)

·         Increasing labor productivity

·         Approximately 600,000 students graduate anually from over 170 universities (2012, Student Selection and Placement Center-OSYM)

·         More than 700,000 high school graduates with around half from vocational and technical high schools (2012, Ministry of National Education)

4. LIBERAL AND REFORMIST INVESTMENT CLIMATE

 

·         The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)

·         Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 12 days

·         Highly competitive investment conditions

·         Strong industrial and service culture

·         Equal treatment for all investors

·         More than 33,000 companies with international capital

·         International arbitration

·         Guarantee of transfers

5. INFRASTRUCTURE

 

·         New and highly developed technological infrastructure in transportation, telecommunications and energy

·         Well-developed and low-cost sea transport facilities

·         Railway transport advantage to Central and Eastern Europe

·         Well-established transportation routes and direct delivery mechanism to most of the EU countries

6. CENTRALLY LOCATED

 

·         A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets

·         Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa

·         Access to multiple markets worth USD 25 trillion of GDP

7. ENERGY CORRIDOR AND TERMINAL OF EUROPE

 

·         An important energy terminal and corridor in Europe connecting the East and the West

·         Located at a close proximity of more than 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

8. LOW TAXES & INCENTIVES

 

·         Corporate Income Tax reduced from 33 percent to 20 percent

·         Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation

·         R&D and Innovation Support Law

·         Incentives for strategic investment to decrease imports, for large-scale investments, as well as for regional investments

9. CUSTOMS UNION WITH THE EU SINCE 1996

 

·         Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 22 countries

·         More FTAs underway

·         Accession negotiations with the EU

10. LARGE DOMESTIC MARKET

 

·         20 million broadband internet subscribers in 2012, up from 0.1 million in 2002

·         68 million mobile phone subscribers in 2012, up from 23 million in 2002

·         54 million credit card users in 2012, up from 16 million in 2002

·         131 million airline passengers in 2012, up from 33 million in 2002

·         31.8 million international tourist arrivals in 2012, up from 13 million in 2002

 

Source http://www.invest.gov.tr/en-US/investmentguide/Pages/10Reasons.aspx

 

Real Estate 

The Turkish real estate sector, offering ever-greater opportunities for investors every year, has come to prominence especially in the last decade. Although with the recent economic crisis and the global economic recession the European and US real estate markets have been negatively affected, the real estate market in Turkey is still promising. While the reduction in demand and a downward trend in house prices have been observed all over Europe, according to TurkStat statistics the number of apartment units sold in Turkey in the second quarter of 2011 increased by 18 percent compared with the same period of 2010, which shows that the country has huge growth potential in the real estate sector.

 

The entry of global actors into the real estate market is increasing the competitiveness of the sector, while massive mergers and acquisitions taking place help its expansion and overall growth rates. Different surveys and publications such as the “Emerging Trends in Real Estate Europe”, prepared jointly by PricewaterhouseCoopers (PWC) and the Urban Land Institute (ULI), show how global and local interest in the Turkish real estate sector has increased. According to the 2012 publication of the report, Istanbul is ranked as the most attractive investment market in Europe in the “Existing Property Performance”, “New Property Acquisitions”, and “Development Prospects” categories, followed by Munich, Warsaw, Berlin, and Stockholm. Meanwhile, Turkey ranks as the 3rd most attractive real estate investment destination among the emerging countries in 2012, according to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).

 

As Turkey progresses along the road to EU membership, the essential legislative reforms introduced have made investing in the real estate market even easier and more profitable. The amendments to the Land Registry Law, the Mortgage Law, and the redrafting of tax laws are also designed to improve the competitiveness of the Turkish real estate sector.

 

The real estate sector in Turkey also has great prospects thanks to demographic factors that are changing in parallel with improving economic figures. The demand for offices, logistical and industrial areas is expected to increase in line with the increasing number of global and local companies.

 

·         Stable, institutionalized, internationalized sector thanks to predictable inflation rates and consistent prices. 

·         Dematerialization, transparency, auditing, high quality and standards, institutionalization and statistical information in line with the ongoing EU accession process.

·         60 percent of Turkey’s population is under the age of 34, while the country’s GDP was USD 736 billion in 2010.

·         Housing loans increased from TRY 3.5 billion in 2004 to TRY 68 billion as of September 2011. The share of housing loans as a proportion of Turkey’s GDP is estimated to hit 15 percent in 2015.

·         28.5 million tourists visited Turkey in 2010, making Turkey the 6th most visited holiday destination in the world. These figures show the great potential of the Turkish real estate sector as regards the tourism industry.

·         The number of modern shopping centers increased from 44 to 284 between 2000 and 2011.

·         Turkey, as a regional hub providing easy access to 1.5 billion consumers in Europe, the CIS, and as an energy corridor and terminal between Europe, Central Asia and the Middle East, creates more and more enterprises each year within its borders. 

Source: http://www.invest.gov.tr/en-US/sectors/pages/realestate.aspx

 

 
Sales Consultant

Kerim Durmaz
info@villabelek.com
+90(532)763 21 46
 
Sales Consultant

Andrey Pavleev
andrey@villabelek.com
+7(916)149 80 09