By 2030, it's predicted that emerging markets will be powering the global economy. Countries with fast-growing populations, dynamic, youthful workforces and burgeoning industries will take a greater share than ever before. Along with Turkey, countries like Indonesia, India and Brazil will dominate world markets.
The aftermath of the coronavirus pandemic will test nations around the planet as economies tank. However, western European countries like France, Spain and Italy, countries who already have high levels of taxation, will risk alienating investors by raising taxes to help the economy recover. Cameron Deggin from Property Turkey has been fielding calls from investors ready to leave the Eurozone.
Ratings agency Fitch says Turkey's economic growth is tipped to reach 3.9% this year, well over previous forecasts. The country's rapid bounce-back from 2018's currency crisis is a sign of strong fundamentals, and has justified investors' faith in the country's potential, says Property Turkey director Cameron Deggin.
In September 2018 Turkey announced changes to their Turkish Citizenship by Investment program, allowing new buyers to acquire citizenship from spending as little as 250,000USD – making it one of the most affordable and attractive citizenship by investment initiatives in the world. A complete guide to obtaining Turkish Citizenship and what are the advantages of having it.
Turkey rarely left the headlines this year. President Erdogan and the state of the lira dominated the news. However, one constant remained steadfast: Turkish property continued to shine, and interest in investing in Turkish property grew. We look to 2019, providing the kind of inside knowledge that our investors count on to make the best investment choices.
Bitcoin is taking over the world. Since its 2009 inception, the cryptocurrency has grown in value and popularity so that now it can be used to purchase anything from food to flights. Always eager to embrace new technologies, Property Turkey now offers a selection of properties available for purchase with Bitcoin. Director Cameron Deggin explains why the company is embracing Bitcoin.
Turkey’s third-quarter growth has surpassed all predictions. The economy expanded by 11.1 percent between July and September, putting the country ahead of giants China and India and putting growth on track to top 6.5 percent. Thanks in part to structural reforms and investor incentives, the economic growth bodes well for continued economic success in 2018.
Erdogan’s announcement that Turkey no longer needs EU membership has made headlines. Cooling Turkey-EU relations have cooled this year but as a longstanding trading partner and geopolitical ally, Europe needs Turkey more than ever before. We explore Turkey’s EU accession background and the case for keeping good relations.
The falling Turkish lira has investors speculating: what will happen to Turkish property prices in 2017? Will they also fall? And if so, will they come back? Should we buy property in Turkey now when Turkish Lira is at an all time low? We explain the real estate outlook for property in Istanbul and Turkey this year, and show you some of the deals investors are taking advantage of with a unique loophole.
The lira has fallen dramatically since last year, and this week reached record lows against major currencies including the dollar, the euro and the pound. We explore why the current situation has come to pass, and the factors behind it. We also explain the measures the government is taking to prevent further losses, and why Turkey's fundamentals are strong enough to weather the current storm.
During a rocky year in terms of tourism, the number of property sales rose in Turkey in 2016, indicating that despite ructions Turkey is still seen as a safe haven for property investment. In 2017 we predict demand will once again rise, fuelled by domestic demand and Middle Eastern buyers. Discover what else is in store for Turkish property in 2017.
Low costs and a young population clamouring for goods and services mean Turkey makes a fantastic place to start your own company. Entrepreneurs are discovering the country that bridges east and west is a fertile ground for new ideas and innovation. Discover why Turkey is the ideal start up destination, and get a few tips to help you get started.
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