INVESTING IN TURKEY

In 2003 Turkey has liberalized its real estate market for foreign buyers. So far more than 45.000 estates in Turkey have been purchased by foreigners. In 2006, it is expected that more than 15.000 foreigners will buy in Turkey. British, Irish, Germans, Danish, Belgian and Dutch are at the top of the list of nations interested in buying in Turkey.
One of the main reasons why investors consider Turkey is that prices in Turkey are still well below the EU average. When Turkey joins European Union, property prices will most likely reach near European levels. The prices in Turkey are similar to the prices in Spain 10 years ago. The potential for returns on investment in Turkey’s coastal resorts are enormous. With many excellent facilities, English widely spoken and the liberalization of the rules allowing foreigners to own Turkish real estate, this boom is likely to run for many more years.

Let’s have a look at some facts:
Turkey was voted the 3rd best destination in the world to buy property. (A Place in the Sun - Channel 4 television)
Turkey was voted the best destination in the world for affordable, high earning growth. (A Place in the Sun - Channel 4 television)
Turkey was voted the number one place to invest by International Property. (Inside Track Magazine)
Turkey welcomed 22 million visitors in 2005. It is the 3rd most popular holiday destination in Europe.
In 2007 Turkish tourism is set to grow by 15%, making Turkey a great place for rental income.
Land prices have doubled in the most popular areas during 2005 and property prices have risen by 20% to 40% in the last year alone.
Current prices of properties with comparative build quality are similar to what they were in Spain in 1996.

If you want to spend holidays, live or work in Turkey. . .
Very competitive prices,
At least 300 sunny days per year,
Excellent Blue Flag beaches,
Amazing and unspoiled nature,
Low cost of living,
Warm and hospitable hosts,
Environment full of culture and history,
Foreign investment-friendly tax regime,
Customs union with EU since 1996,
Double taxation treaties with 39 countries,
Candidacy for the European Union membership, with ongoing negotiation,
Very liberal investment climate, including free international movement of capital,
Large, inexpensive pool of skilled labor,
Modern infrastructure,
The World Trade Organization considers Turkey to be one of the most dynamic economies today
Easy and low cost transportation (Easy Jet like low coast air carriers flying to Turkey as of 2006 1st quarter),
Frequent and low cost domestic transportation.