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Turkey is a country to be invested in

July 21, 2020

Turkey is not just a popular resort. Not only the inviting sea and the all-inclusive system. Turkey is a country with an ancient history, numerous cultural monuments and natural resources. From ancient times to the present day, it connects Europe and Asia by railways and highways. Turkey is constantly developing, and the country's economy is impressive with success and prospects. Turkey is a country worth investing in.

Due to the rapid growth of the economy, Turkey has consistently occupied a worthy position in the TOP-20 most developed countries in the world in recent years. The government of the country actively contributes to this - it allocates significant funds to support foreign investors and form new trade relations with partners around the world.

It should be noted that service and tourism are not the only sources of income for the state. The top three industries include industry (30%), agriculture (10%) and tourism (40%). Moreover, both in the sphere of production and in the sulfur of tourism, Turkey is the leader, leaving behind the European countries.

The country ranks 6th in terms of the development of the tourism industry and is one of the leading countries producing cars and textiles. The 7th largest Turkish merchant fleet in the world has 1,000 ships. There are over 100 airports in the country, and the total length of Turkish highways is about 500 thousand kilometers. Today the main importers of the country are Russia, Germany, Iran, China and the USA.

Approximately 60 thousand Turkish companies operate with foreign capital. The Turkish lira, unlike European currencies, is growing steadily. According to the Turkish Statistical Institute (TÜİK), the most stable income can be obtained from deposits in foreign currency, buying real estate and renting a home, as well as from tourism business.

Investments in dollars

Foreign currency deposits are one of the simplest and, at the same time, profitable types of investments in Turkey. In the conditions of permanent residence in this country, it will be most profitable to keep your savings in dollars. For example, Turkish investors in June 2017 received 19% net profit, already taking into account inflation.

Despite the fact that the national currency - the Turkish lira - is becoming more and more stable and the Central Bank is promoting this in every possible way, keeping money in dollars still significantly benefits the lira. Financiers predict that closer to 2018 the lira may become so strong that keeping in this currency will eclipse even the dollar, but so far no dramatic changes have been noticed.

Real estate investment

Not only residents of Turkey, but also foreign citizens can increase their capital in this way. Over the past 4 years, the value of real estate has been steadily growing, no drop in prices is expected. Thus, according to the Central Bank, the cost of housing in Istanbul has increased by 20%, and in Antalya by 18%. This means that by investing in real estate now, you will not lose at all in the future, and having sold your home in a few years, you will be surprised at the profit you have received. Especially the rise in prices is expected in large cities with popular resort areas, for example, in Antalya, Fethiye, Kemer.

Income from rental housing

One of the lucrative items of income is renting out real estate. If you already have a home that can be rented out in Turkey, you need to do it right now. Such income will be much higher and more efficient than from keeping money in a bank. It is worth buying real estate intended for passive income in a resort area or in places that are not yet so popular among vacationers. This is due to the high rate of development of the country's economy and the rapid construction of new infrastructures. Thus, what now looks like an unsightly area under construction will in a few years be the most demanded site on the market. With such a prospect, the profit from renting an apartment will only grow.

Investment in the tourism sector

As already noted, Turkey is the leader in the ranking of countries with the most developed tourism industry. Turkey ranks first in the top of the most popular routes only among Russian travelers. About 40 million visitors annually visit the country, and this figure is planned to increase with each new season. This means that the authorities are encouraging any investment in the hotel, restaurant, entertainment, health and other areas of the tourism business. Undoubtedly, any contribution in this case will be appropriate and will pay off in full. Turkey is a country where you not only want to spend money, but also earn it quickly. This will require not so much - to have your own real estate, a small business and the desire to develop your business on the shores of the Mediterranean Sea.

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