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Why invest in turkey real estate?

Why invest in turkey real estate?
  1. Successful Economy
  • Booming economy; more than tripling its GDP, reaching USD 851 billion in 2018, up from USD 231 billion in 2002.
  • Stable economic growth with an average annual real GDP growth rate of 5.8 percent between 2002 and 2018.
  • Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2018-2019 with an average annual real GDP growth rate of 5.0 percent.
  • 13th largest economy in the world and 5th largest economy compared with the EU in 2018 ( GDP at PPP, IMF WEO)
  • A dynamic and mature private sector with USD 157 billion worth of exports and an increase of 335 percent between 2002 and 2018.

turkey Population

  1. Population
  • A population of 81 million
  • Largest young population compared with the EU
  • Half of the population under the age of 31 in 2018
  • Young, dynamic, well-educated and multi-cultural population.

 

  1. Centrally Located
  • A natural bridge between both East-West and North-South Axes, thus creating an efficient and cost-effective outlet to major markets.
  • Easy access to 1.7 billion customers in Europe, Eurasia, the Middle East and North America.
  • Combining these markets, there is a potential of USD 25 trillion of GDP.

  1. Low Taxes & Incentives
  • Corporate Income Tax reduced from 33 percent to 22 percent for (2018, 2019 and 2020)
  • The government gives tax benefits and incentives in technology development zones, industrial ones and free zones including total or partial exemption from corporate income tax, a grant on employer’s social security shares as well as land allocation.
  • R&D incentives for strategic investments, large-scale investments and regional investments are supported.
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