What are the most important investments in Turkey?
Amid all the investment ideas running through your mind there are bound to be gaps and a great deal of information that has not reached you yet. Generally speaking, when we talk about investment we have to mention Turkey, the country that has done most to welcome such projects being set up on its soil by foreigners. Investing there is a story of its own, because it offers many types of investment in property on its soil. So if you would like to set one of them up there, you need to get to know them in detail, which is why we have chosen to talk you through everything on the subject.
-What are the most important property investments in Turkey?
Turkey allows people from all over the world who wish to invest to take that step within its borders, and you should of course know that the variety it offers is exactly what makes it so attractive to those investors.
-1 Commercial property investment:
There are certainly features that make a property commercial and distinguish it from the remaining types of property . To begin with, the property must sit in a distinctive strategic location, most likely in the city centre, in areas busy with residents and packed with business. It must also have a car park of its own next to it or in front of it where cars can be parked.
On top of that, it must be located near public transport so that it is easy to reach, in other words a landmark point. As for the district it sits in, that depends on the type of business run there, and it is classified accordingly. For a property to be commercial it must also have security services and regular cleaning services, and finally, when choosing a commercial property, it is preferable to have a cash machine next to it or nearby, so that customers are served easily and comfortably. All of these features are present in Turkey's commercial properties, which is why they have been such a good fit for investors' choices.
2- Industrial investment:
Anyone working in investment in Turkey is bound to enjoy plenty of privileges, and anyone specialising in industrial investment has additional benefits over the rest. For instance, they will be exempt from property tax for five years from the date the property is built, they will also be exempt from value added tax, and they will get reduced costs for water, gas and telecommunications. Turkey is home to close to three hundred industrial properties, a large number that almost matches what the major powers have reached, and because of all these advantages you will find many industrialists coming from every corner of the world to set up their businesses there.
3- Agricultural investment in Turkey:
Investing in agricultural property in Turkey is one of the options open to foreigners, as Turkey has fertile soil and abundant, permanently available water, given to it so that the country as a whole could be a wide field for this kind of investment. The state in particular has given this sector its attention, first because it is the sector the Turkish people live on: it is their daily bread.
On top of that, it brings in foreign capital that flows into the economy, developing it, keeping it in a state of constant growth and protecting it from collapse. The Turkish government has never been content with the natural factors given to their soil to make work in the agricultural sector easier, so it has added further improvements, such as focusing on expanding the green area in order to increase yields from this crop, and that area will keep growing in the years ahead. In farming there are many ventures we can pursue individually: vegetable and fruit farms, investing in poultry fields, fishing, natural honey, livestock farms such as cattle and sheep and the like, and grain crops as well. These are all fields a foreigner can invest in, huge projects that reap endless returns.
4- Investing in the residential property sector:
Many investors who come to Turkey to invest prefer to move specifically into residential property rather than any other type of investment, because residential property is considered a guaranteed success. As with most flats anywhere in the world, you will find someone to live in it so easily that you will barely manage to find a flat at all. And if you want to sell your flat, that too is perfectly possible and just as easy; if it sits in an upmarket area, so much the better, as it will sell in the blink of an eye. What matters is that at the end of your residential project you will come out ahead whichever way you turn.
5- Investing in tourism property:
Tourism investment in Turkey also has its enthusiasts and investors. Turkey is a suitable setting for this kind of venture because it is always teeming with tourists and visitors, its airports have multiplied and it is now connected to every country in the world, which has helped tourists reach it. Add to that the many luxury hotels offering tourists the finest services. Through all these tourists the investor earns limitless sums from the hotels they invest in, because when those tourists come to their hotel, they and their money benefit the business and the venture turns a profit.
We have set out above, in broad terms, the most important investments you might want to compete through and put your money into, and you are bound to find among them something that suits your financial circumstances and matches your taste and wishes.