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Welcome to Turkey
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 At this time Turkey is preparing new laws and regulations in order to become a full member of the European Union. The expectation is that the process of joining the European Union will take five to ten years. Before joining, prices of real estate will most likely rise to a near European level. Turkey found itself in an acute economic crisis in 1979. Pressurized by the IMF, a policy of far-reaching liberalisation was chosen, especially focused on attracting foreign investors and promoting export. One of the main policy decisions was the approval of a liberal and flexible foreign investment policy. The Foreign Investments Act was adjusted and the investment climate was made more attractive and better tailored to potential investors. These opportunities and the liberalisation of developments did not escape the attention of foreign investors and therefore you can be assured that your investment in Turkish property will not be lost. The combination of foreign and domestic demand for holiday homes is fuelling an unprecedented building boom along the entire cost of Turkey. As a result, property prices are rapidly increasing. Turkey has a wide range of opportunities on offer for the foreign investor. · The country is strategically situated close to Central Asia, the Middle East, North Africa and the European markets. · Agreements between Turkey and 39 other countries to promote and protect mutual investments as well as an agreement to preclude double taxation. · Since 1996 there has been a Customs Union with the European Union and since 1999 Turkey has been a candidate member of the European Union. · A very liberal investment climate, including free (international) movement of capital, profits dividends and salaries, free-trade zone and subsidies. · No government price regulations. · A modern infrastructure. · A prominent European holiday destination. · The World Trade Organization considers Turkey to be one of the most dynamic countries. |
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