Why Property Investment in Turkey Is still Worth considering

Despite the jobless crisis, there was a marked recovery in the Turkish economy in the month of April. The Turkish statistical institute, the TurkStat, reported the jobless rate to be 12% in April, which has come down from 12. 5 in Walk to 14. 9% in April last year.

The jobless crisis is being met by increasing the jobs to 1. 1 million in the services sector and سرمایه گذاری در ترکیه about 660, 000 vacancies has been created in the lawn care sector during the year ended in April, which 119, 000 has been filled up across the economy in that year. The youth under the age of 24 were the ones who were the most benefitted since their jobless rate dropped to 11. 2 % as against 26. 5% last year. This positive approach along with the rise in the Turkish budget deficit made the research and investment firm the ‘Capital Economics’ call the emerging country’s outlook as the “brightest in emerging Europe”.

The statistical data of TurkStat reveals that the employees taking part rate, which is the measure of the number of people under the working age and those seeking employment, has grown from 47. 2% last year to seventy two. 8% the current year. Turkey, is definitely in the right direction to bring down the jobless rate. However a lot is being done to achieve real growth and reach the earlier record of 10% which existed before the downfall of the Lehman Inlaws. But there have been a gentle progress which ensures long-term growth and a stable economy.

As the economy recovers and accomplishes stability, there is a growing demand for Turkish property among the overseas property buyers. As the demand continues to rise, Turkey has signed a deal with Paris to allow visa-free travel for the potential property buyers. At a recent press conference, the Russian Lead designer Mr. Dmitry Medvedev along with the Turkish Lead designer Mr. Abdullah Gul, called this deal as a “historical agreement” between the two countries. He assured that millions of people would get benefitted by this deal which will come into effect very shortly.

For Turkey this is one of the significant agreements of all the other similar agreements it has reached with countries like Jordan, Syria, Lebanon and Albania. All these has a significant role to play in the country’s mission to increase its visitors to about 30 million this year. But the recession has taken down this figure to about 26 million. However, if Turkey is able to win smart deals like these, the country is sure to turn the tables.

The launch of new marinas opens in the gate to higher end tourism in Turkey. The largest marina in the Aegean was open in Turkey’s Altinkum last year, and this year the launch of two new marinas has been announced, among which one would be in the capital of Istanbul. This potential growth in Turkish tourism is the aftermath of nov the Sterling against the Euro and Dollar and consequently makes Turkish property the hot property among the overseas buyers.

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