Turkey is one of the most favorable countries for investment. Local property enjoys an exceptional demand from a variety of countries. The survey compiled by the portal tapu.ru will help to find out the main reasons to invest in the Turkish market, reports ee24.com citing antalyatoday.
1. The developed economy
Turkey is the 15th largest economy of the world with a good chance to enter the top ten. Among European countries, Turkey is located on the sixth line. Growth of the economy over the past 10 years has averaged 5% annually. The credit rating of the country looks intact. On the background of these positive factors, investments in the Turkish economy grew in the last decade from €4.2 billion to €21.7 billion
2. The constant growth of real estate market
Turkey is considered to be the third most popular country for developing the attractiveness of the real estate market for investment. After the abolition of the principle of reciprocity, the Turkish market was opened to the buyers from all over the world. Foreign investment in Turkish property is now about the €1.5-1.8 billion, and in the coming years is expected to grow to €5.5 billion
3. Social factors
Every year the Turkish market has a 700,000 new housing units. This is despite the fact that demand for real estate isn't going to decline. This leads to a constant growth in house prices, which is the key to a successful investment. Having added the possible income from the rental of housing in major cities and resorts, you can understand the reason for the success of the Turkish market among foreign investors.