Buy Property In Turkey As the Economy is Growing

The the top analysts of world finance praise investment opportunities in growing Turkey.

Turkish Property is one of the most important and major investments.

They also support economic reforms that will push the country to a high-income territory

Some of the world’s top finance executives, speaking at the “Why Invest in Turkey? Why Invest in Borsa Istanbul?”

event organized at the World Economic Forum (WEF) in Davos, commended the progress made by Turkey in the recent

decade, lauding the investment environment, but noted that any further development would necessitate significant

economic reforms.

European Bank for Reconstruction and Development (EBRD) First Vice President and Chief Operating Officer Philip

Bennett said Turkey had received the largest slice of credit from the bank in the past five years, arguing that the

country needed a sound policy on innovation to make the jump to the high-income status. He said the EBRD would

support the recently announced government reform package and efforts to transform Istanbul into a regional finance

hub. Nasdaq CEO Robert Greifeld described Turkey as a “rising star,” adding that economic growth and stability added

to Turkey’s attractiveness as an investment destination.

He also said bilateral agreements would make Borsa Istanbul into a dynamic player and added that they, as Nasdaq,

were following Turkey’s progress with delight. Nasdaq Executive Board member Glenn H. Hutchins, Turkey was already an

attractive option for foreign investors and measures were being taken to further the appeal.

the Turkish Prime Minister, speaking at the same session, said that Turkey has the necessary stability regarding

its geographic location to make it a base for investments, and it has become a leading regional investment hub.

He underscored that political stability enables investment in a country, as it eliminates risks and encourages

investors, and stressed that 30 years ago, foreign investment in the country was about $14 billion while this number

has now reached $146 billion.

The Prime Minister attributed the increase of foreign investment in Turkey to political stability and transparency, which have

developed significantly over the years, as well as a series of legislative amendments to encourage more investments

into the country. “Our programs will not only result in quantitative development, but will also produce qualitative

results” he said, adding, “Turkey is a dynamic market, with a major labor force, which makes it suitable for every

kind of investment”.

The prime minister also highlighted that having an investment base in Turkey allows investors to reach 60 countries

within a span of only four hours. Davutoğlu said that Turkey is open to all types of investment and said that the

government will provide support for foreign investors. “In the case that foreign investors face obstacles, they

should inform us so that we can assist them and remove the obstacles,” he said.

Turkey attracted a foreign direct investment inflow in 2013 of $12.9 billion, and as of 2013, more than 36,500

companies with foreign capital operate in Turkey.

‘One of the top 10 financial centers’

It Was underscored that while Borsa Istanbul (Istanbul Stock Exchange) was not regarded as one of the crucial

stock exchanges in the world, within the last three years, it leaped 30 places on the index of global financial

centers. The prime minister further requested that Borsa Istanbul Chairman İbrahim Turhan and other experts should

strive for the Borsa Istanbul to become one of the top 10 financial centers in the world.

“Since we now have the necessary infrastructure, we need to go further, which we can only achieve via a professional

labor force,” Davutoğlu said, and added that while financial stability and a geographical advantage are necessary,

unless a country offers a professional labor force, it will not be preferred by investors.

Following meetings held with leaders of th Europe needs reforms rather than quantitative easing

Deputy Prime Minister Ali Babacan noted that the decisions of the European Central Bank might prove to be helpful in

the short term, but Europe definitely needs structural reforms. According to Babacan, Turkey would benefit from the

loose monetary policies; however, such decisions should not mean economic policies should be loosened.

Babacan also emphasized that too much was being expected from the European and Japanese Central Banks, and said,

“Central banks cannot be the single solution to all economic problems or issues related with the finance sector, and

such expectations would be inappropriate. When we look at the economies of developed countries, there are many

structural problems; therefore, while the European Central Bank’s steps might prove to be beneficial in the

short-term, without finding a solution to structural problems [in the long-term], economic recovery is not possible.”

Turhan also said that Turkish subsidiaries have become a savior for European banks during the economic crisis.

Lack of Strong leadership in Europe

Babacan said that the problems in Europe were perceived as only a budget deficit; however, there were other issues

related to credibility and also a lack of leadership, as political trends in Europe tend toward more self-enclosure

and populism. He also emphasized that such policies are preventing structural reforms from taking place

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