PROPERTY INVESTMENT IN TURKEY
The booming economic performance of Turkey can be attributed to; a young population, skilled workforce, liberal and reformist investment environment, advanced infrastructure, advantageous geographical location, low tax rates, incentives, and large domestic market. Since 1996, the Customs Union of the EU has been offering significant opportunities to foreign investors. These factors have all attributed to property investment in Turkey.
In addition, economic reforms in the last decade made it more advantageous to invest in Turkey. A suitable infrastructure has been created to attract foreign investors. Having the same rights and regulations for foreign and domestic investors offers a secure environment for foreign property investment in Turkey.
With the removal of most bureaucratic barriers, improving the taxation system, flexibility in the transfer of profits, and a successful privatization program, Turkey has become one of the world’s leading investment centres.
You have plenty of options when it comes to investing in real estate. You can purchase a single apartment, rent it out and collect monthly rent while waiting for its value to rise high enough to make a big profit when you sell. Also, you can earn money by buying commercial properties much the same way you do by investing in residential real estate. Or, you can buy land and develop on it. All these options are available to you when considering a property investment in Turkey.