Is it profitable to invest in Turkish real estate?

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Friends, important information for investors in Turkish real estate!

The Antalya Governor's Office has released data on the number of foreigners who visited Antalya, one of the important and popular tourist centers in the world.

So, in 2021, Antalya Airport received 9,094,051 foreign tourists, and Gazipasa Airport (Alanya) received 108,202 passengers.

Foreigners also arrived through the maritime border crossing – 3,516 people.

Compared to the previous year, the number of incoming tourists increased by 164%, or 2.5 times.

Statistics by country:

  1. Russia: 3,586,928 people
  2. Ukraine: 1,271,672 people
  3. Germany: 1,268,179 people
  4. Poland: 416,924 people
real estate in Turkey with Ataberk Estate

Among the factors positively influencing the increase in tourist flow to Turkey, surprisingly, is the coronavirus pandemic.

First of all, the Turkish authorities promptly responded to the problem by taking adequate measures.

Safety measures in hotels and shopping centers were developed in accordance with the conditions of the new reality.

For example, while popular wintering destinations for many, such as Thailand and Bali, have not yet returned to normal guest reception conditions, it is quite easy to enter Turkey by following simple requirements, and anti-COVID measures are observed here.

Vaccination of the population. According to statistical data, vaccination in Turkey is progressing positively - over 79% of the population or 49 million people have been vaccinated in Turkey.

Economic indicators also allow for optimistic forecasts – Turkey is rapidly increasing exports in many sectors of the economy.

According to the International Monetary Fund, Turkey's GDP was $719 billion, and in 2019 before the pandemic – $760.9 billion.

At the end of 2021, the IMF ranked the largest economies in the world, with Turkey ranking 20th globally and 11th in terms of GDP by PPP.

Turkey is among the world's leaders in the production of textiles, agricultural products, household appliances, and building materials.

Turkey also holds a leading position in the world in the production of automobiles, and the rapidly developing shipbuilding industry is increasingly in demand globally. For example, Russian companies have long recognized that the speed and quality of Turkish contractors have far surpassed those of Russian ones.

Thus, Turkish companies are increasingly winning tenders for the production of Russian ferries and ships, even icebreakers!

The Turkish economy is not tied to any single industry; it is stable and diverse.

Therefore, considering the growth in tourist traffic and the stability of the Turkish economy, we believe that investments in Turkish real estate in 2022 will be profitable and safe!

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