The best areas of investment in Turkey
Last Updated: 2023-09-04Investment in Turkey
Investing in Turkey is an exciting option for many international investors. Turkey combines Eastern and Western cultures, offering exceptional opportunities in a variety of economic sectors. In this article, we will explore the most important aspects that potential investors should know before starting to invest in Turkey.
As a natural result of the prosperity of its economy and its rapid upward growth in many fields and levels, Turkey has attracted foreign investors from all countries of the world and has become a destination for those wishing to invest promisingly.
How to start investing in Turkey
- How to start investing in Turkey
- Goal setting: Decide whether you want to invest in real estate, business, or other sectors.
- Extensive research: Study the market, opportunities and potential challenges.
- Professional Consultation: Collaborate with a local advisor specializing in international investment.
- Procedure the process: Start the investment procedure and comply with local laws.
- Investment Management: Carefully manage your investment and monitor its returns.
So what are the best areas of investment in Turkey?
Real Estate Sector
Real estate investment in Turkey:
The real estate market in Turkey is one of the most diverse and attractive markets for foreign investors. Turkey is characterized by reasonable real estate prices and soft real estate laws. Investors can buy residential or commercial properties and take advantage of rental and sale opportunities at a profit. Investing in real estate is one of the most popular options among foreign investors. FaReal Estate Investment is one of the most important areas of investment in Turkey, especially fixed assets investment, as the number of foreigners who are increasingBuying real estate in Turkey to obtain investment opportunities with a good profit return in the short and long term when reselling or renting the property, especially in the current circumstances with the fact that real estate prices remain in Turkish lira and have recently fallen against the US dollar, and perhaps one of the most encouraging foreign investors to buy real estate is the possibility of obtaining Turkish citizenship when buying a property With a value of 400 thousand US dollars or its equivalent, and even when the property is at a lower price, the buyer is entitled to obtain a real estate residence whatever the type and size of the property that has been owned in Turkey, provided that its value is 75,000 US dollars, and investors in real estate in Turkey benefit from tax exemptions by the Turkish government.
Industrial Sector
Industrial investment in Turkey:
Turkey has a manufacturing base that enjoys a good reputation in the world, and this includes the automotive and electronics industry, and investment in the industrial field in Turkey is one of the abundant areas of feasible investment opportunities that attract foreign investors, especially since Turkey is a member of the Group of Twenty industrialized countries in the world.
What encourages investors in the industrial field is the presence of advanced infrastructure, utilities, and the abundance of water and electricity to allow industries of all kinds, and there are about 300 industrial zones in Turkey distributed over more than 80 regions, the most prominent of which is the exemption of new companies from real estate taxes for a period of 5 years and also get reductions in all costs associated with the main services needed by factories.
Turkey is a member of the Group of Twenty industrialized countries in the world, and this confirms its important role in the global economy. With more than 300 industrial zones spread across more than 80 regions, investors can find many investment opportunities in various sectors.
One of the attractive advantages of investing in Turkey is the exemption of new companies from real estate taxes for a period of up to 5 years, as well as reductions in costs associated with the main services needed by factories. This makes Turkey an ideal destination for investors looking for an encouraging and profitable investment environment in the industrial sector.
Agricultural Sector
Agricultural investment in Turkey:
Investment in the agricultural field is one of the important investments in Turkey because of its wonderful and diverse climate along the areas of Turkish territory, which allows the cultivation of many types of crops, and the area of agricultural land in Turkey is 31% of its total territory, and it has achieved the seventh place in the world in terms of agricultural production, and 20% of Turkey's population works in this field. He encouraged foreign investors in this area.
Since 2012, foreign investors have been able to buy agricultural land in Turkey, attracting more foreign investment in this vital sector. Investors can take advantage of promising opportunities in growing different crops such as grains, fruits, vegetables, and aromatic herbs.
In addition, Turkey has a distinctive geographical location as a bridge between Europe and Asia, making it a strategic center for exporting agricultural products to global markets. This enhances the attractiveness of investing in agriculture in Turkey and can have a positive impact on the national economy and job opportunities.
Tourism Sector
Tourism and hospitality in Turkey:
Turkey is one of the wonderful tourist destinations in the world, and it has a lot to offer to tourists from all over the world. Investing in hotels and hospitality in Turkey can be very profitable, for several reasons:
- Increased tourism: Turkey is witnessing a continuous increase in the number of tourist arrivals, whether they are family tourists or business travelers. This creates the opportunity to increase occupancy rates in hotels and thus increase revenue.
- Diversity of tourist attractions: Turkey offers a variety of attractions including historical cities such as Istanbul and Cappadocia, magnificent coastal beaches such as Antalya and Bodrum, and stunning natural areas such as Lake Van and the Taurus Mountains. This attracts a variety of visitors.
- Economic development: Turkey has witnessed remarkable economic development in recent years, which has led to an increase in spending on travel and hospitality.
- Encouraging laws: The Turkish government has taken measures to attract investors in the hotel and hospitality sector, such as introducing tax incentives and simplified administrative procedures.
- Local Market: In addition to international tourism, there is a growing domestic market for tourism within Turkey, which increases the chances of occupancy.
With all these encouraging factors, an investment in hotels and hospitality in Turkey can be very profitable if planned and executed carefully and professionally. Investors should research, select suitable locations and provide quality services to visitors to ensure success in this thriving sector.
What are the advantages of investing in Turkey?
-
The presence of great diversity in the fields and types of projects that investors can choose in Turkey.
- The strategic location between two continents (Asia - Europe) that characterizes Turkey
- The possibility of establishing small projects in Turkey does not require the presence of large capital.
- Allowing foreigners to own various types of real estate in Turkey
- Turkey is a member of the Organization for Cooperation and Development and the Group of Twenty
- Turkey is the eighth largest producer of foodstuffs among the countries of the world.
- Turkey is the sixth most popular tourist destination globally.
- The Turkish markets are ranked among the top twenty economic markets in the world.
- Ease of exporting outside Turkey In addition, the Turkish government exempts exports from taxes.
- Turkey is the largest power station and corridor in Europe.
- The presence of skilled and competitive manpower and high-level competencies in all disciplines.
- The possibility of obtaining a work permit permit that allows you to work in Turkey officially and benefit from the advantages obtained by foreigners in Turkey, such as: (obtaining treatment at the expense of the state in all state hospitals - obtaining a pension after the age of sixty - obtaining Turkish citizenship after five years - children get the opportunity to educate in Turkey for free - and obtaining many of the powers provided by the Turkish government to those who hold work residencies).
What are the risks of investing in Turkey:
- Currency fluctuations: The Turkish lira has experienced significant fluctuations in recent years. Exchange rate fluctuations can affect the value of your investments and returns.
- Changes in legislation: Changes in government policies and regulations affecting foreign investments may occur. Legal and tax developments should be carefully monitored.
- Political instability: Turkey may experience some political and social upheavals from time to time, and this can affect the country's stability and investments.
- Market Risk: As in any investment market, there are risks related to market performance and price fluctuations.
- Real estate sector: You may face challenges in the real estate market such as changes in demand and supply and fluctuations in prices.
- Financing risk: If you rely on financing for investment, you may face risks associated with interest rates and your ability to repay debt.
- Pandemic risks: Just as the world has witnessed the COVID-19 pandemic, the health and economic aspects of emergencies may affect your investments.
You should conduct a good study and consult with local professionals before investing in Turkey to understand these risks and how to deal with them effectively. You should also diversify your investment portfolio to minimize the risk of loss.
In conclusion, Turkey can be one of the best destinations for investment. You have to be careful and ready to invest seriously. Follow the above tips and guidelines, get in touch with the Mersat Real Estate team and you will be on the right track towards achieving excellent financial returns.
Edit Team Mersat Real Estate©
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