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WTO outputs also state that
Turkey is among the most dynamic 20 countries in the
world trade. In the last 3 years, Turkey's GDP grew
by 24.3%, on a cumulative basis (in real terms).
Turkey's real GDP and GNP increased by 8.9% and 9.9%
respectively in 2004. This is the highest growth
rate in the last four decades and makes Turkey one
of the fastest growing economies in the world.
Turkey is expected to grow by more than 5% per cent
a year in the next 5-to-10 years.
A fast developing stable economy
The average growth rate for the last 5 years, which
is well above many OECD countries, implies a dynamic
and growing economy. WTO outputs also state that
Turkey is among the most dynamic 20 countries in the
world trade. In the last 3 years, Turkey's GDP grew
by 24.3%, on a cumulative basis (in real terms).
Turkey's real GDP and GNP increased by 8.9% and 9.9%
respectively in 2004. This is the highest growth
rate in the last four decades and makes Turkey one
of the fastest growing economies in the world.
Turkey is expected to grow by more than 5% per cent
a year in the next 5-to-10 years.
·
A huge domestic market
·
High-skilled, competitive labour
·
High quality standards
·
The gateway of energy resources
·
A state of the art telecommunications network
·
Strong ties with Europe and United States
·
Living cost is significantly lower than other
European countries
·
Besides being a vacation resort, it is also suitable
for retired people to live all year long with its
mild climate, nice atmosphere and reasonable prices.
·
A newly built property in Turkey from a reputable
developer comes with guarantees.
·
The prices in Mediterranean Turkey have gone up by
nearly 30 % in the past two years.
·
Only 2 - 3 hours of flight time away from most
European cities.
·
Turkey is an all year round vacation destination.
·
Turkey can provide excellent infrastructure with
respect to hospitals, roads and rail links, phone
lines / internet access etc
·
Foreigners are warmly welcomed and English has
become widely spoken.
·
Foreigners from many countries can now legally own
property in many parts of the country, especially
around the Mediterranean coast.
·
Real estate acquisition of foreign real and legal
persons has been regulated in the article 35 of the
Land Registry Law numbered 2644 with law numbered
5444 and dated December 12,2005 which was
established in the Official Gazette of 26046
numbered and dated January 7,2006 (For further
information –Turkish
Embassy(London) Web Page)
Reasons to buy in Turkey.
Here are some more reasons why Turkey is an
increasingly attractive to property buyers;
No capital gains tax
Turkey offers some tax incentives that are of high
interest to property investors, If you sell your
property after four years, there is no capital gains
tax.
Excellent value front line properties with high
capital growth potential
The Turkish market still offers excellent quality
properties at prices that most other locations of a
similar caliber could not offer 10 years ago.
Over 25 million tourists visit Turkey each year and
boost the property market
Turkey ranked eighth in the world current demand for
Turkey is reflected in the 25 million tourists it
attracts per annum ranking it 9th in terms of the
total tourist numbers. This translates into solid
rental yields by buy-to-let investors who purchase
in the best tourist locations.
Turkey offers a modern infrastructure
Turkey has a solid and modern infrastructure that is
rapidly growing in line with its economy, tourism
and property markets.
EU Membership
Although EU membership will undoubtedly support
Turkey’s economy and, as one aspect of this, its
property market, property agents remain confident
that the health of Turkey’s property market is not
dependent upon EU membership in the same way it
clearly was for countries such as Estonia and Czech
Republic. |
