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Real Estate Ownership in Turkey �
Foreigners’ Real-Estate Ownership in Turkey
General view of the Turkish economy
Turkey, with its approximately 75 million population, 27 million labor force, 770 Billion US Dollar GDP and over 10.000 US Dollar GDP per capita income, is one of the most dynamic economies and emerging markets of its region and the world.
Turkish economy is based on openness, competition and cooperation. Besides having a customs union agreement with the European Union since 1996, Turkey has so far signed free trade agreements with 19 countries in Europe, Middle East and North Africa. Consequently, despite the global financial recession, at the end of 2011, Turkey’ s exports reached the level of
135 billion US Dollars whereas its imports exceeded 241 billion US Dollars.
Turkey has emerged as a top investment destination due to the elimination of bureaucratic barriers to a large extent, improvement in tax system, facilitation of profit transfers and successful privatization programs. The total amount of foreign direct investment inflows in the last eight years have reached to approximately 90 billion US dollars.
At present, Turkish economy is the 17th largest in the world and 6th largest in Europe. The total trade volume has reached to 376 billion Dollars. Last year the bilateral trade volume between Turkey and Lebanon marked a record level of more than 1.1 billion Dollars. 2023 will be the hundredth anniversary of the Republic. So, in a decade
The total amount of foreign direct investment inflows in the last eight years have reached to approximately 90 billion US dollars.
90 مليار دولار مجموع حجم الاإ�ستثمارات
الما�ضية خلال الثمانية �سنوات المبا�شرة
68 DORCHESTER December 2012