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Why invest in Turkey - Bodrum
Enter this fast-growing market at the right time ... It is being talked about as perhaps the world's best property investment opportunity...
ˇ The World Trade Organisation considers Turkey to be one of most dynamic countries in Europe. ˇ Competitive property prices ˇ Ranked sixth in the world for GDP growth in 2005 ˇ Tourist numbers have risen from 12.8 million in 2002 to 21.2 million in 2005. ˇ Housing demand. It is estimated that Turkey needs approximately 400,000 new residences each year, of which only 200,000 are being built. ˇ New mortgage law passed in Feb '07. Encourages competition in the market, and it is expected to lower interest rates. Encourages and expands access to home ownership. ˇ In 2005, Turkey embarked on negotiations to join the European Union. Turkey is experiencing a booming economic growth ... and the success story continues. ˇ Foreign Direct Investment reached an historical climax of $20 billion in 2006. ˇ Global brands such as Hilton, Toyota, Ikea, Harvey Nichols and Renault are opening branches in Turkey.
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