Turkey Attracts Investors from Around the World
According to the International Association of Investors (YASED), in the first nine months of 2024, the inflow of foreign direct investment (FDI) into Turkey amounted to $7.67 billion, which is 8% more than in the same period last year (according to the Central Bank of Turkey).
Wholesale and retail trade are in the lead with a share of 22% of the total investment ($932 million).
Foreigners invested about $2.2 billion in real estate.
Key investors:
- The Netherlands – 19% of all investments.
- Germany – 12%.
- USA – 11%.
In September 2024, the inflow of foreign investment amounted to $1.1 billion, confirming stable interest in the Turkish economy.
Fitch Upgrades Outlook for Turkish Banks
Rating agency Fitch has improved the outlook for Turkish banks amid the recent upgrade of the country’s sovereign credit rating.
Key findings from Fitch’s report:
- Reduced short-term macroeconomic and financial risks have strengthened investor confidence and eased pressure on bank funding.
- A more conventional macroeconomic policy stance has improved banks’ access to external markets and supported the growth of debt issuance.
- Deposit dollarization has declined, including a reduction in the share of deposits linked to foreign currencies.
- Turkish bank profitability will remain at a reasonable level, although it may decline compared to 2023. If hyperinflationary accounting is implemented in 2025, this could also impact the sector’s financial performance.
In Fitch’s view, positive changes in Turkey’s macroeconomic policy stance are helping to alleviate pressure on the banking system and strengthen international investor confidence.
Turkey’s Eexports to the G20 Increased by 37%
Turkey’s exports to the G20 countries increased by 37% in 2019-2023, reaching almost $100 billion.
The G20 countries account for about 85% of the world’s GDP and 75% of global trade, which emphasizes their key role in the global economy.
Turkey is attractive for real estate investments and a large selection of property options. In addition, the lack of financial monitoring and the need to confirm the source of funds makes it possible to invest in real estate on the resort coast of the Mediterranean Sea and in Sambul without restrictions and bureaucratic difficulties. Turkey also offers citizenship and residence permit programs for purchasing real estate. Get a free consultation by leaving a request using the contact form on the website.