Real Estate in Turkey Important Information About the Turkish Economy | Page 3

These objectives are in line with Turkey's goal of establishing a free market economy that
depends mainly on the private sector.
Turkey is one of the first countries among the EEC countries to complete the policy of
privatization and obtaining high revenues. The total of the revenues of privatization between
1986 and 2003 was about $ 8 billion, this amount between 2004 - 2015 to $ 58 billion, bringing
the total of the proceeds of privatization $ 66 billion.
Houses for Sale in Turkey
What are the achievements of the construction sector in the Turkish economy?
Between 1972 and 2015, the construction sector in Turkey was able to complete 8693
constructive projects in 107 countries with a total value of $ 322.6 billion. Construction revenues
in 2015 were about $ 19.6 billion. One of the most important indicators showing the success of
the Turkish construction sector at the global level is the entry of 42 Turkish construction
companies on the list of the top 250 construction companies in the world in 2015, and the
number of Turkish companies in the same list for 2004 does not exceed 11 companies.
Tourism sector: Turkey is rich in historical and geographical wealth, not only a center for coastal
tourism but also an important center for health, cultural, religious, sports and conference
tourism. It has a strong infrastructure for these types of tourism, furthermore, it is among the
top 10 tourist countries in the world. Foreigners who visited Turkey in 2015 more were than 36
million tourists, and tourism imports amounted to about 31 billion dollars in the same year.
Fiscal policy: Turkey's fiscal policy plays an important role in achieving macroeconomic balance
and controlling inflation over the last 10 years. The inflation that has engulfed Turkish
governments during the last three decades of the last century has been reduced to a one-digit
number at the beginning of the year 2000, the CPI was also achieved by 8.17% in 2014 and
8.81% in 2015.
Reserve: Turkey's international reserves in cash continue to increase over the past 10 years.
Turkey's central bank reserves in January 2016 amounted to about $ 111 billion.
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