Real Estate in Turkey Important Information About the Turkish Economy

Turkey Investment - Turkish Economy - Turkey Property Market
Introduction: The Turkish economy is characterized by embracing general competitive rules,
with the private sector assuming a leadership position. The role of the public sector is limited to
regulatory actions, the application of free liberal foreign trade policy, free circulation of funds
and services between individuals and institutions without any obstacles.
How the constructive economic reformations in Turkey did has taken place in the recent
years?
 Important reformations in many important sectors, such as the financial markets sector,
the agricultural sector, the social protection sector, and the energy and transport
sectors. Thanks to these reforms, the infrastructure of economic institutions have been
strengthened.
 Taking actions to strengthen Turkey's economy and enable it to withstand the economic
downturns in the world markets by establishing semi-autonomous institutions in the
sector.
 Many bureaucratic obstacles have been removed and some have been reduced to a
minimum.
 Regulating financial markets in line with the concept of the new era.
 Accelerating privatization processes, as the public finances were regulated.
What is the position of the Turkish economy globally?
Turkey Real Estate
 Turkey is an active member of the G20, which represent the world's most powerful
economies.
 The Turkish economy is the 18th largest economy in the world.
 The Turkish economy ranks seventh among the largest economies in Europe
How did the Turkish economy respond to the global economic crisis in 2008?
During the period in which many economies of the world had witnessed a stagnation, due to the
global economic crisis in 2008, the Turkish economy had also experienced stagnation and
decline in 2009. However, it returned to growth of 9.2% in 2010 and 8.5% in 2011, Average GDP
growth between the years 2002-2014 was 4.9%, while the average GDP growth between 2010-
2014 was 5.4%, and in this range GDP per capita in 2014 had increased to 10% Thousand and $
404, after it did not exceed 3 thousand and 492 dollars in 2002.
Foreign Trade: Turkey has pursued an economic policy focusing on the development of foreign
trade since the beginning of the eighties of the last century, and through the economic reforms
carried out:

Removing import’s restrictions