Turkey provides excellent opportunities for investors to invest in a variety of sectors.
Here is a list of industries you can invest in Turkey;
Real estate investment is the most reliable and safest on this list, with the guarantee of a high return. It is also the safest compared to any other options, i.e., stocks, as it goes up and down, but the real estate prices are stable, and more or less, it is continuously increasing.
Investing in Turkey's property has many advantages. One of many is getting Turkish Citizenship through property investment; this is the leading and most significant reason attracting foreign investors.
Secondly, Turkey is famous for being one of the best holiday destinations and has a growing economy. According to the IMF, Turkey is expected to grow from 2.9% to 3.2%, much higher than the European growth rates. Turkey's growth is going to increase in the following years with the development of substantial infrastructure projects.
Real estate prices in Turkey are increasing. So if you invest in property in Turkey, you will get excellent returns as Turkey is a tourist vacation hotspot. People from all over the world visit Turkey every year, and thousands of them invest in sea view villas in Istanbul or Istanbul houses.
Turkey's real estate prices are on the rise, as it is constantly trying to upgrade itself according to the European model rapidly. The living standards are increasing, causing a high demand for luxurious houses. And due to this rise in modern living standards, even the Turkish locals, like the tourists, are investing in Turkish property and buying themselves holiday homes.
According to Turkey's building regulations, it is not allowed to construct high buildings even in the tourist centers, so the number of properties for sale in Istanbul along the coast is scarce since everyone wants to have a sea view villa. That is why the prices rise around these areas as demand is very high and supply is low.
The real estate sector has contributed 8.4% of the GDP in the last decade; on an investment base, FDI inflows were USD 13 billion. The real estate and construction sectors have contributed a total of USD 5.9 billion.
Projects such as Marmaray, Canal Istanbul, Yavuz Sultan Selim Bridge, Eurasia Tunnel, and 3-story Grand Istanbul dominate the future of Istanbul. The total number of homes sold in Turkey reached 1.4 million units in 2018, as the property sales to foreigners increased after the reciprocity law was abolished in 2012. According to the property sales to foreigners, Istanbul is the top-performing province, followed by Antalya, Bursa, and Ankara.
As Bari Global, we safely and professionally help you out in Turkey's real estate investment process with our Law Consultancy agency from the beginning to the end of your investment process and through the application of Turkish Citizenship by investment.
We handle your property purchase in Turkey within days, so it is important to decide as soon as possible as the properties are selling quickly. If you are curious about our new projects and opportunities to invest in real estate in Turkey, we recommend checking our blog regularly to stay updated.
Turkey is a leading country in terms of agriculture and food because of its geographical conditions and climate with extensive arable lands and abundant water supplies. Turkey's agriculture and food industry employed 17,6% of the country's working population, which in 2020 accounted for 4.8% of the country's GDP.
The agriculture and food sector made a contribution of USD 42.5 billion to the country's overall GDP. Turkey is the world's seventh-largest agriculture producer, producing dried apricots, figs, hazelnuts, and raisins. To increase investments, Turkey offers many remarkable investment opportunities in the agriculture and food sectors, such as fruit and vegetables, animal feed, poultry, dairy, livestock, and fisheries.
The automotive industry of Turkey was established in the early 1960s. Throughout industrialization and progress, it transformed from an assembly-based partnership into a full-fledged industry with its design and massive production capacity.
The automotive sector of Turkey is an economic driver of the Turkish economy, having a vision of making Turkey an economic powerhouse, and recently, Turkey has introduced its own locally developed electric car. It is one of the 15th biggest automotive manufacturers worldwide and the 5th largest in Europe, thanks to the growth in the automotive sector.
The industry aims to improve its R&D, design, and branding capabilities. Turkey hosts many global suppliers, using Turkey as a production base as it started to be preferred by auto manufacturers as a production base for export sales. 85% of vehicles produced in Turkey were for foreign markets in 2018. And more than 1 million vehicles were exported to foreign markets, making Turkey the number one vehicle exporter to the European markets.
Turkey's the 6th most popular tourist destination globally, with more than 51 million tourists visiting (2021). Turkey provides many investment opportunities in the established and newly developed subsectors of the tourism sector.
The Government has set ambitious targets thanks to the country's perfect location, existing potential, massive projects, and the tourism sector is expected to grow more until 2023. The growth in Turkey's tourism sector has been above average in recent years.
Tourists mainly come for the historical and religious importance Turkey holds. The number of hotel chains in Turkey is 60, of which 44 are domestically owned; 16 internationally. The number of hotels in total is 942, with a total of 177,785 rooms (2018).
Turkey ranks 3rd among other countries with its 463 blue-flag beaches. Forbes Travel has ranked Istanbul 8th among the world's top 10 most visited cities. To promote the tourism sector in Turkey, the Turkish Government offers many incentives like reduced utility prices and reduced tax rates.
Turkey's strategic location, alongside its existing potential, increase in per capita income, and young population, is positively impacting the development of the business sector.
It has vast experience in business services, such as engineering, architectural consulting, technical testing, call centers, legal advisory consulting, etc. It provides many opportunities for investing in all sectors, and the advantages of investing in a country like Turkey are;
Turkey is the regional headquarters for many companies for having global connectivity.
it's one of the fastest-growing economies globally, with an average annual GDP growth rate of 5.5%.
Half of Turkey's population consists of young people under 32 years of age.
Turkey has a well-educated cost-competitive labor force offering high productivity.
Turkey is a perfect location for technology development with massive support.
Turkey has a diverse economy offering profitable opportunities in different sectors.
Turkey property alternatives come in a wide range of architectural approaches, unique designs, and social facilities. And various apartment, residence, penthouse, villa, and other home options are as close as a phone to you with Bari Global now!
Follow Us On:
Subscribe to our newsletter