Is a good investment in Turkey?
New Property Law in Turkey
If you want to have knowledge of Alanya property for sale and investing in Turkey, we recommend that you read the article.
German and Russian pensioners have been looking for real estate on the Turkish Riviera – from Antalya and Alanya in the Mediterranean Sea to Fethiye and Bodrum in the Aegean Sea. But foreign investors are now buying real estate in Istanbul.
The Turkish Association of Real Estate Investment Companies predicts that newly invited investors from the Gulf, Russia and Central Asia will be able to increase real estate sales in Turkey from $ 2.5 billion in 2012 to $ 4 billion in 2013. Alanya property for sale
Turkey’s elite housing market, in particular, is booming as a result of the country’s thriving economy. The per capita income in Turkey has almost tripled over the past ten years, which has led to a growing demand for luxury construction.
Turkey’s economy grew 8.5 percent last year and reached a GDP of $ 770 billion, making it the third largest economy in the G-20 group after China and Argentina.
The Istanbul Stock Exchange (ISE) has expanded more than 26 percent over the past year, making it one of the most powerful emerging market exchanges in the world. Banks in Turkey are at risk of 17 percent.
The Istanbul International Financial Center (IFC), a $ 2.6 billion project in Atashehir, on the Asian side of Istanbul, plans to hire 50,000 people .
Life in Turkey:
Projects such as IFC will undoubtedly increase the cost of real estate in the area, but the real estate in Istanbul is the only one in the world. This makes Istanbul a great investment at this time.
Unlike neighboring Western Europe, Turkey has experienced incredible economic growth over the past ten years. The International Monetary Fund has allowed Turkey to become the most modern country in the region. Given that Istanbul is seen as the host city for the 2020 Summer Olympics, economic growth can only increase. If Turkey joins the European Union, which could happen in the next few years, the economy will survive an even bigger boom.
It is recommended to buy property in Turkey for foreign investors. We believe that this is a very good investment.