Turkish economy blog posts

Future expectations of the Turkish Economy

Turkey's economy is navigating a delicate balance, with the government closely monitoring efforts to combat rising interest rates and inflation. Alongside monetary policy adjustments, there's a significant focus on trimming public expenditures while providing more incentives to boost productivity. Projections from the IMF suggest a notable decrease in inflation by year-end, with expectations of complete control by 2025.

investment turkish economy
2024-May-03

Why invest in Turkish property | Turkish property investment

If you want to know why to invest in property in Turkey, prepare for a vast list. Turkey is a transcontinental country that bridges Asia and Europe. Its capital city is Ankara, whilst the largest city and most vibrant real estate market is Istanbul. With a population of approximately 84 million and a high proportion of that being young and upwardly mobile, Turkey's strategic location easily attracts foreign buyers and real estate investors.

invest , investment , property in turkey , turkey gdp , turkish economy turkish real estate
2013-October-19

The Odyssey of the Turkish Lira (2003-2026): Part II

In the grand narrative of the world economy, Turkey emerges as a protagonist of resilience and strategic foresight, navigating the complex tapestry of global economic trends with adeptness and agility. The Economist Intelligence Unit's (EIU) Global Outlook, coupled with the evolving perspectives of institutional investors and credit rating agencies, paints a vivid picture of Turkey's economic renaissance and its burgeoning role in the global financial landscape.

turkish economy investment
2023-December-04

The Odyssey of the Turkish Lira (2003-2026): Part I

Embark on an economic odyssey, where the heartbeat of Turkey’s resilience pulsates through the veins of its currency—the Turkish Lira. From 2003 to the anticipated horizon of 2026, the Lira's tale is woven into the very fabric of a nation's relentless pursuit of growth and stability. It is a currency that has stood at the crossroads of geopolitical upheavals, global financial crises, and transformative economic reforms, emerging not just unscathed but vibrant with potential.

turkish economy investment
2023-December-04

Turkey’s Electric Future: TOGG and Tesla

The Turkish automotive market is experiencing a record-breaking streak, particularly in the electric vehicle (EV) sector. According to the Automotive Distributors and Mobility Association (ODMD), a total of 96,793 passenger cars and light commercial vehicles were sold in September alone, marking a 55.9% year-over-year increase.

turkish economy
2023-October-06

Why invest in Turkey in 2023? 10 Reasons to Invest

Turkey 2023, a nation at the crossroads of Europe and Asia, has been gaining significant attention from investors worldwide. With a host of compelling factors, it's no wonder that Turkey is emerging as a preferred destination for those seeking promising investment opportunities. Here are ten compelling reasons why you should consider investing in Turkey in 2023.

invest in Turkey turkish economy
2023-September-07

Turkish Economic Future and Real Estate Market

Turkey's economy has garnered increased optimism from both the World Bank and the Organization for Economic Cooperation and Development (OECD). The sentiment in regards to the outlook for the rest of 2023 and into 2024 is largely, conservatively-optimistic. The driving force behind this growth projection is attributed to robust domestic demand, despite challenges related to inflation and post-earthquake reconstruction efforts after the destructive earthquakes in early February.

turkish economy invest in Turkey
2023-September-05

Cameron Deggin's Macro Turkish Economic Outlook for 2023 and Beyond

Cameron Deggin's macroeconomic outlook for Turkey presents a comprehensive and nuanced view of the country's economic future. The complex interplay between growth, inflation, political stability, interest rates, austerity measures, bank lending practices, and future prosperity is thoroughly examined. Challenges and opportunities are laid out, providing valuable insights for investors, policymakers, business leaders, and others interested in Turkey's evolving economic landscape.

turkish economy invest in Turkey
2023-August-02

Turkey’s Economy in 2023: An Important Juncture in History

Since 2002, Turkey’s economic Gross Domestic Product has grown from a total of $241 Billion to $941 Billion in 2022. This is one of the starkest upwardly mobile trajectories in the world this century. One of the results this scale of economic growth has afforded Turkey, is status within the larger globalised economy.

turkish economy
2023-January-13

How to Get a Turkish Passport by Buying Property

If you are wondering how to get a Turkish passport by buying property, look no further. Turkey offers an investment program under Turkish citizenship law that brings you the passport, visa-free travel, and many other benefits at the same time. As an investment real estate agent with offices all over Turkey, we can guide you in the right direction when buying a house, making the application, and knowing what the passport gets you in return. This article covers the Turkish Citizenship by investment option, so all future citizens are fully knowledgeable in all aspects.

turkish economy , investment Turkish Citizenship by Investment
2021-June-15

Turkish Citizenship by Investment process and guide

In September 2018 Turkey announced changes to their Turkish Citizenship by Investment program, allowing new buyers to acquire citizenship from spending as little as 400,000 USD – making it one of the most affordable and attractive citizenship by investment initiatives in the world. A complete guide to obtaining Turkish Citizenship and what are the advantages of having it.

turkish economy , turkish lira , investment , real estate investment Turkish Citizenship by Investment
2019-July-25

About Turkey

With its unique position at the crossroads of Europe and Asia, Turkey has played a pivotal part in the world's history. The country has acted as a barrier and a bridge between two continents, and became a focal part of a trade route which not only brought prosperity to the country, but laid the groundwork for the rich cultural mix that exists in the country today.

about turkey , information , ottoman empire , turkish economy turkish republic
2013-May-14

Turkey's star to rise as emerging markets set to dominate 2030 economy

By 2030, it's predicted that emerging markets will be powering the global economy. Countries with fast-growing populations, dynamic, youthful workforces and burgeoning industries will take a greater share than ever before. Along with Turkey, countries like Indonesia, India and Brazil will dominate world markets.

economy turkish economy
2020-May-05

How does Turkey treat foreign investors? Why Eurozone investors are jumping ship

The aftermath of the coronavirus pandemic will test nations around the planet as economies tank. However, western European countries like France, Spain and Italy, countries who already have high levels of taxation, will risk alienating investors by raising taxes to help the economy recover. Cameron Deggin from Property Turkey has been fielding calls from investors ready to leave the Eurozone.

tax in turkey turkish economy
2020-April-14

Turkey's rapid bounce-back sends confidence soaring

Ratings agency Fitch says Turkey's economic growth is tipped to reach 3.9% this year, well over previous forecasts. The country's rapid bounce-back from 2018's currency crisis is a sign of strong fundamentals, and has justified investors' faith in the country's potential, says Property Turkey director Cameron Deggin.

turkish economy
2020-March-01

What's in store for 2019? Turkey property and economy predictions

Turkey rarely left the headlines this year. President Erdogan and the state of the lira dominated the news. However, one constant remained steadfast: Turkish property continued to shine, and interest in investing in Turkish property grew. We look to 2019, providing the kind of inside knowledge that our investors count on to make the best investment choices.

turkish economy , real estate investment , turkish lira , istanbul bodrum
2018-December-27

Turkey still one of the world’s fastest growing economies

Turkey’s growth is set to continue, as exports grow by almost 13 percent to $159bn, tourism revenues predicted to reach $30bn this year and fiscal stimulus continuing to give the economy a much-needed shake up. However with growth still tied somewhat to Europe’s, there’s room for caution in the positive figures as the EU economy is expected to slow in 2018 and 2019.

turket , economy , turkish economy , tourism tourism in turkey
2018-March-27

Buying property in Turkey using Crytocurrency?

Bitcoin is taking over the world. Since its 2009 inception, the cryptocurrency has grown in value and popularity so that now it can be used to purchase anything from food to flights. Always eager to embrace new technologies, Property Turkey now offers a selection of properties available for purchase with Bitcoin. Director Cameron Deggin explains why the company is embracing Bitcoin.

turkey , turkish economy , investment , invest in Turkey economy
2018-February-19

Double-digit growth turns Turkey into world leader

Turkey’s third-quarter growth has surpassed all predictions. The economy expanded by 11.1 percent between July and September, putting the country ahead of giants China and India and putting growth on track to top 6.5 percent. Thanks in part to structural reforms and investor incentives, the economic growth bodes well for continued economic success in 2018.

turkish economy investment
2017-December-14

Why Turkey still matters to Europe

Erdogan’s announcement that Turkey no longer needs EU membership has made headlines. Cooling Turkey-EU relations have cooled this year but as a longstanding trading partner and geopolitical ally, Europe needs Turkey more than ever before. We explore Turkey’s EU accession background and the case for keeping good relations.

turkish economy , erdogan eu membership
2017-October-07