Turkey is a dynamic and growing G20 economy that links east and west in a unique way. In addition to being one of the world’s fastest growing economies, Turkey also supports international investors’ growth via a business-friendly agenda and through access to a large domestic market and neighboring international markets.

Strong market fundamentals, such as a young and dynamic population with an average age of 30, a well educated work force, an increasing employment rate, a growing middle-class, and a unique geographical location, have all helped transform Turkey into the fastest growing OECD member country. As of the end of 2017, Turkey is the 13th largest economy (GDP at PPP) in the world, with an average annual growth rate of 5.6 percent since 2003. Turkey’s location at the crossroads of Europe, Central Asia, and the Middle East, provides easy access to the European, Middle Eastern, North African, Central Asian, and Gulf markets. These markets comprise more than 1.6 billion people and account for a total GDP of USD 28 trillion. More than half of the world’s trade takes place within a four-hour flight radius of Turkey – a key reason why multinational companies have chosen Turkey as a strategic regional hub for their operations.

Furthermore, the real estate investment environment in Turkey has progressed in an investor-friendly fashion in recent years thanks to the reforms that have been implemented. With the “Abolishment of Reciprocity Law” that entered into force in 2012, persons with foreign nationality can buy any kind of property (house, business place, land, and field) in Turkey within the legal restrictions. Moreover, some fiscal measures, such as decreasing the value added tax and an annulment of stamp duty taxes, were taken in the housing market.