Turkey stretches over two continents, and its unique geographical, as well as geopolitical position literally and figuratively, bridges Europe and Asia. In the past two decades, Turkey has taken advantage of its location and natural resources, continuously engaging in more advantageous trade and thus promoting economic growth and poverty reduction. Additionally, Turkey's tourism industry has experienced rapid expansion which in turn had a positive effect on the increasing quality of life. These efforts go hand in hand with the establishment of private entrepreneurship and Turkish real-estate market project development activities. The country has made remarkable qualitative transitions at various levels throughout the years, which in turn made it an attractive destination for people from all over the world. With 15 billion US dollars in foreign investment annually, Turkey has one of the fastest-growing economies in the world and currently, it has the sixteenth largest economy. Turkish legislation has been promoting foreign investments, e.g. by allowing investors to obtain Turkish citizenship via the acquisition of real estate. With its rich culture, historical and archaeological monuments, cosmopolitan atmosphere as well as its agreeable climate, and beautiful nature and coastlines, Turkey has been characterized as one of the most attractive holiday locations.
1. Industrial Investment in Turkey
The abundance of lucrative investment opportunities attracts many investors, especially those eager to explore new job markets and expand their business or entrepreneurs who wish to found a new company in the region.
- Exempting land purchases from value-added tax.
- Exemption from real estate tax for a period of 5 years, starting after the establishment of the facility.
- Exemption from taxation of the process of joining or separating plots of land.
- Exemption of the establishment and use of the establishment from municipal taxes.
- Reducing costs for water, natural gas, and telecommunications.
2. Agricultural Investment in Turkey
The Turkish government has implemented a host of reforms in order to accelerate investments and open up additional business fields in the agricultural industry. 450 thousand hectares have been developed between 1961 to 2002, in addition to 5 million and 600 thousand hectares in the period of 2003 to 2017, with the intention to reclaim 9.7 million hectares from 2018 to 2023. The government supports investors with up to 50% of the total investment expenses, which include the value of agricultural land, and there is also an additional 10% for the facility's waste management system. Additionally, the state has also allocated an amount of 14.8 billion Turkish liras for these programs.
3. Infrastructure Investments in Turkey
Despite the pandemic, Turkey's transportation and infrastructure investments from March to October totaled $5.7 billion. A focus is to consolidate and expand conventional methods of transportation across and through the Bosporus for road traffic heading towards the Aegean and Central Anatolia, the Adana-Konya axis, and the Western Mediterranean Regions through Europe and Thrace. Additionally, social, and economic progress will be accelerated in Thrace and the Western Anatolia Region, where organizations related to important service, industry, and tourism sectors are densely located and have a significant population. By connecting the Gebze-İzmir highway around Balıkesir, the distance between tourism centers such as İzmir, Aydın, and Antalya with European countries will be reduced, to achieve further development in the tourism sector.
4. Touristic Centers
Turkey's touristic infrastructure is characterized by diversity and is considered a market leader in the field of tourism and hotel facilities, with a wide range of touristic activities. The latter include high-quality accommodations, beautiful beach resorts, all kinds of water sports, entertainment parks, winter sports, hiking, horse riding, cycling, historical and archaeological monuments, museums, sightseeing tours, restaurants, bars, cafés, clubs, and medical resorts. The huge amount of entertainment options appeals to all age groups.
Best Cities in Turkey to Live
İstanbul, the ancient city that connects two continents, is one of the many touristic hearts of Turkey. İstanbul is also the economic, cultural, and academic center of the country as well as the largest real estate market in Asia Minor. Istanbul offers more, it is as beautiful as it is culturally diverse, comprised of sublime scenery, breathtaking coastlines as well as historically rich and modern architecture. İstanbul is the largest city in Turkey and the country's historic, cultural and economic heart, expanding over Europe and Asia. It is the most populous city in Europe with over 15 million residents. It is the 15th largest city in the world. On average, over 13 million visitors come to İstanbul each year and it is characterized as the Europan capital of Culture, making it a favored destination for foreign travelers. With İstanbul's rapidly growing economy, the real estate sector is continuously expanding, garnering increasing interest from potential investors from all over the world. Geographically, the city has the Marmara Sea in the south, the Black Sea in the North, and the Bosporus strait in the center with the entrance to Asia to the east and the connection to Europe to the west. These characteristics make İstanbul one of the most unique cities in the world. Due to the country's growing economy and excellent geographical as well as geopolitical position, Istanbul offers a wide range of housing options, high quality of life, and profitable investment opportunities. The real estate market provides low-cost accommodations, luxury holiday villas, townhouses, flats, and apartments. Following a series of real estate reforms and projects by the Turkish government in the public and private sectors, the housing and construction sector is booming in Istanbul. Due to an increase in demand for residential housing as well as foreign investment and further urbanization in the last years, the real estate sector is expected to experience an average capital growth of 15 - 20 %. Some of İstanbul's key features:
- Istanbul has an area of 1830 square kilometers.
- The average temperature in summer is 28, winter 5, spring 16, and autumn 14 degrees celsius.
- Archaeological and tourist attractions.
- Many rivers and lakes, and the most popular lakes are the Kucukcekmece and Buyukcekmece lakes.
Istanbul attracts many real estate investors because of its great location and beautiful sea-view properties, with affordable prices and a wide range of housing choices. Apartment prices in İstanbul currently start at less than 55.000€ for a 1 bedroom apartment. For the latest offers on properties in İstanbul you can check this link. Istanbul - Real estate for sale in Istanbul
The coastal city of Antalya, to tourists and locals one of the most popular and beautiful Turkish cities, is located on the coastal slopes of the Mediterranean Sea, in the south of the country. Antalya is Turkey's tourist capital, benefiting from the agreeable climate, the sea, the coastline, the impressive mountains, valleys, rivers, and beaches. Antalya offers historic and archaeological monuments and sites and in combination with its surrounding nature and mountains it is one of the most attractive tourist destinations in the world. It is particularly favored by European and Arab tourists. The touristic activities include Antalya's sandy beaches, water sports, winter sports, tennis, hiking, yachting, entertainment parks, festivals, sightseeing tours, and much more. About 50 km from Antalya lies Saklikent, one of the best Turkish winter sports resorts on the northern side of Bakırlı Mountain. The resort, at an altitude of 1750 m, allows visitors to ski and snowboard throughout March and April. After a day of winter sports, you can enjoy one of Antalya's many sandy beaches, sunbathe or go swimming or diving. The evenings are best spent in one of Antalya's fine restaurants, offering both Turkish and international dishes as well as locally caught fish. Kas, a town in the Province of Antalya, offers over 40 dive sites. Throughout the summer months and October, the vast number of diving schools will take visitors to a multitude of spectacular spots for unforgettable dives. Turkey, and especially Antalya with its beautiful surrounding nature, has a large variety of trails suited for hiking and trekking. The mountains also allow for high-altitude hiking adventures. Antalya is also home to the historic remains of a variety of ancient cities. Many tourists and locals each year enjoy these monuments and artifacts, surrounded by gentle hills, impressive mountains, valleys, forests, and green nature. Built-in the second century BC, the ancient theater of Aspendos lies south of the Taurus Mountains. The peak of Mount Olympus can be reached via a gondola, which provides a magnificent view of the surrounding Taurus Mountain Range. Port Akdeniz in Antalya is an excellent destination to board cruise ships. Port Akdeniz also offers a number of archaeological sites, including Side and Perge. Antalya is the most important Turkish tourism region. Visitors will experience a broad and varied cultural scene, a wide selection of excellent restaurants, bars, cafés, and pubs, and fantastic shopping opportunities. The city has many malls and outlet centers, such as MarkAntalya AVM in the city's center, TerraCity in the Lara district, the Laura and Agora Shopping Centers, and many more. The many exquisite restaurants along the coast serve locally caught fish while providing a classy atmosphere and a phenomenal view of the sea. Due to the rapid increase in tourism activity, real estate prices used to be considerably lower than the current average. 15 to 20 years ago, the average price for a 100 m² apartment was about 25 thousand Dollars. In the period between 2006 and 2021, the value of real estate in this region has risen significantly. In the last 4 years, in the period 2017 and 2021, real estate prices in Antalya increased by as much as 37 %. In recent years, this region has seen a large number of new residential projects. The state-sponsored programs for the development of new residential areas, housing projects, and the improvement of urban infrastructure have attracted a large number of foreign investors. During the last two decades, the economic growth and the development of new touristic infrastructure promise to maximize social and environmental returns on investment. Some of Antalya's key features:
- A quiet and elegant city characterized by the beauty of its nature and the low cost of living.
- The economy of the city depends mainly on agricultural products and its tourist industry.
- A very agreeable climate throughout most of the year. The summer in the months between June and August is hot; The average temperature in the summer is 27.8 ° C.
The beautiful beach resort city Alanya, a district of Antalya Province, is situated in the Mediterranean Region, approximately 130 km east of Antalya in the south of Turkey. Alanya has a population of roughly 400 thousand residents. The city's cultural heritage, the abundance of interesting archaeological features as well as its appealing natural characteristics prove to be a magnet for locals and tourists, establishing Alanya as an excellent area for real estate investments. Overlooking the Mediterranean Sea, and in close proximity to the Taurus Mountains, Alanya experiences a warm summer climate. In this city, where mountains meet the sea you will find many of Turkey's finest beaches, a plethora of resources for entertainment, and an agreeable climate throughout the year. Alanya's summers, sun, and beaches invite you to swim and indulge in water sports, while the rich history, culture, and archaeological monuments draw you to explore the city and the countryside. The surrounding nature and mountains encourage visitors to enjoy leisurely long walks, hikes, horseriding, or cycling. The city offers exquisite restaurants, colorful and traditional markets, cafés, bars, exciting nightlife, summer festivals as well as access to good medical care.Some of Alanya's key features:
- A leisure tourism paradise.
- It accounts for more than 9% of tourism revenues in Turkey.
- The weather in Alanya is hot and mild in summer, warm and rainy in winter.
Interested investors will find a large range of apartments with spacious terraces, villas, and flats with gardens, private pools, and balconies with alluring sea views. Second, only to Istanbul, Alanya is one of the most popular areas for real estate investments. Apartment prices in Alanya start at about 70.000 € for 2-bedroom apartments. For the latest offers on real estate in Alanya please check this link. Alanya - Real estate for sale in Alanya
In the last decade Belek has become a top-class tourist resort, with thousands of visitors each year. The township of Belek is located in the Mediterranean Region and belongs to the Province of Antalya in Turkey's south. Following the northern road Dumplupinar Cd., Antalya can be reached via car in about 50 mins (~ 33,4 km). Depending on the season, the population ranges from 750 to 10,000 residents. Belek is the rising star in Turkey's tourism industry, with a multitude of 4 and 5-star hotels as well as a large variety of leisure and entertainment options. The township is a famous golf center and in 2012 it hosted the Turkish Airlines World Gold Final. Belek also attracts tennis players from all over the world, in 2013 it hosted the Antalya Open. Tourists and locals are drawn to Belek as it offers historical and archaeological monuments, cultural attractions, and natural wonders such as; Kurşunlu Waterfall, the Hellenistic city of Perge, or the impressive, 2000 years old amphitheater of Aspendos. Belek's center has a beautiful mosque, surrounded by statues and a waterfall. The boulevards are a great place to walk around, smell the fresh air of the ocean, relax or indulge in shopping and sightseeing. As a township, Belek offers quiet spaces for relaxation. Despite its size though, it is a well-established tourist resort, and during your shopping tours you can purchase designer brands at discount prices there are a lot of good, traditional bistros, bars, or restaurants to choose from for breakfast, lunch, and dinner. Beginning in March, visitors can enjoy Belek's famous beaches, sunbathing, surfing, waterskiing, fishing, sailing, or diving.Some of Belek's key features:
- Beautiful, sandy, 80-150 m deep beaches.
- 300 days of sunshine.
- An Average sea temperature of 22+ degrees and 25+ degrees from June to September.
- An average humidity is 55%.