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Turkey
HOME >> COUNTRY REPORTS >> Turkey
turkey map
Official name Republic of Turkey
Capital  Ankara
Population  71,158,647
Currency  Turkish lira(TRY)
Official language   Turkish
GDP  $8,900

  STRENGTHS
  WEAKNESSES

Where Europe and Asia meet, there lies beautiful Turkey, a delight for tourists all around the world

Real estate is constantly picking up in Turkey

The Turkish economy is growing with fast rates

The demand for properties in Turkey is high and stimulates the construction of new residential complexes and commercial buildings

In 2010 is expecting a tourism boom

Turkey doesn’t have an E.U. membership yet.

All investors face excessive bureaucracy, weaknesses in corporate governance, and frequent changes in the legal and regulatory environment

Lack of tax policies, standards, regulations and long term strategies

The government support is not strong enough

Restrictions on purchases of real estate by foreigners are based on reciprocity and acreage.


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