In Turkish real estate investment, timing matters as much as location. The ‘Buy Zone’ is a key phase when property prices drop to their lowest following a previous cycle of growth. Knowing when a ‘Buy Zone’ is about to occur presents unique opportunities for investors to buy before a new wave of growth starts.
According to data released by The UN World Tourism Organization, global travel has almost returned to its pre-pandemic peak with a total of 975 million people choosing to go abroad in 2023 – millions of those choosing Turkey as their preferred destination of travel with Istanbul officially being the most visited city in the world in 2023.
Turkey's start-up industry has been flourishing, becoming a significant hub of innovation and entrepreneurship in the region. The country's strategic location, combined with a young, tech-savvy population, has created the perfect foundations for start-ups and with that, unique opportunities for investors.
Citizenship by Investment (CBI) programs offer a unique pathway for acquiring a second citizenship through investment in the economy of the host country. These programs have gained immense popularity among high-net-worth individuals for reasons ranging from increased global mobility to enhanced personal security.
Airbnb has become a global phenomenon, connecting travellers with unique and affordable lodging options. However, despite its widespread popularity, some countries have chosen to block or impose strict regulations on Airbnb operations within their borders, including the USA, Japan, Spain, France, Australia, and many more. In 2024, Turkey introduced new Airbnb measures that will have a big impact on the way that short-term lettings operate in the country going forward.
The international standing of Turkey's contracting and technical consultancy sector stands as a testament to the strength of its companies. Fuelled by a combination of well-trained human capital, robust technical know-how, technological adaptation, extensive business experience, and disciplined operations, Turkey has become a formidable force in the global market.
Germany has emerged as a key player in supporting Turkey's economic growth through foreign direct investments (FDIs). This partnership has flourished over the years, with both the duration and number of German investments leading the way. Currently, more than 7,250 Turkish and German companies, united by German capital, are actively contributing to Turkey's economic landscape.
France has emerged as a significant player in fostering economic collaboration with Turkey through strategic investments. The partnership between these two nations goes beyond geographical borders, as France recognises the economic potential and opportunities that Turkey offers.
Belgium's substantial investment stock of over $13 billion in Turkey as of 2023 shows the enduring partnership between the two nations. With Belgian companies actively contributing to Turkey's economic fabric, the future holds promising prospects for further collaboration and expansion, reaffirming the significance of this bilateral relationship in the global business arena.
Shell has been a driving force in the Turkish energy industry, consistently setting the bar with its innovative solutions and unwavering commitment to superior standards. Operating in Turkey for nearly a century, Shell has not only played a pivotal role in shaping the energy landscape but has also significantly contributed to the Turkish economy.
Turkish Airlines (THY) holds a significant position within both the domestic and international transportation networks. Renowned as a global brand, THY distinguishes itself through its substantial revenue, contribution to foreign currency inflow, exceptional service quality, extensive reach across numerous countries, and a commendable management approach.
In the grand narrative of the world economy, Turkey emerges as a protagonist of resilience and strategic foresight, navigating the complex tapestry of global economic trends with adeptness and agility. The Economist Intelligence Unit's (EIU) Global Outlook, coupled with the evolving perspectives of institutional investors and credit rating agencies, paints a vivid picture of Turkey's economic renaissance and its burgeoning role in the global financial landscape.
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