Overseas Investors continue to support Turkey    

For the past 30 years, emerging markets have provided enhanced return and risk diversification opportunities for global investors.

Fixed return investors’ continued support for Turkey is a reflection of their pursuit of enhanced return investments in the current global low-yield environment. This support may also reflect their confidence in Turkey’s much longer-range economic outlook as outlined in the Agenda 2023 program, a government blueprint that focuses on economic growth, improvement of living standards and an upgrade in infrastructure.

Within the scope of the program, Turkey is aiming to be one of the world’s Top 10 economies by 2023 (from 19th position in 2020) by increasing the Gross Domestic Product (GDP) to around US$ 2 trillion and in doing so, increasing GDP per capita to US$ 25.000.

Even if Turkey falls short of these goals, its growth potential over the coming decade will provide opportunities for investors across a wide range of business sectors, including tourism and real estate.

It is worth noting that in the latest World Bank ‘Ease of doing Business’ report, Turkey is ranked at number 33 out of 190 countries, a climb of 20 places in the last 5 years. Interestingly, the 2 primary factors for this climb are real estate related – a reduction in land registration taxes and an acceleration in the transaction time for tax assessment.