Why invest in Turkey?

• Turkey has been identified as one of the ten most promising emerging economies.
• Ranked sixth in the world for GDP growth in 2005.
• Tourist numbers have risen from 12.8 million in 2002 to 21.2 million in 2005.
• Housing demand. It is estimated that Turkey needs approximately 400,000 new residences each year, of which only 200,000 are being built.
• New mortgage law passed in Feb ’07. Encourage competition in the market, bring down interest rates and increase access to home ownership.
• In 2005 Turkey began membership talks with the EU, recently made changes to stabilise the economy and bring the country in line with EU regulations.
• Turkey’s 2007 tourism campaign has $120 million budget.
• Foreign Direct Investment reached an historical climax of $20 billion in 2006.
• Global brands such as Hilton, Toyota, Ikea, Harvey Nichols and Renault are opening offices in Turkey.
• High capital growth; last years price increase was 20.6%.

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