Why is Investing in Turkey a Good Idea?

Turkey is one of the fastest-growing emerging markets in the world. It has a youthful population, strong economic growth, and an educated workforce. Turkey offers huge investment opportunities for any company that wants to expand into this expanding market.

Investing in Turkey may be a good idea for those with the money to spare. The Turkish economy has been on a downward spiral since July 2016, but now is the time to invest as it's low-cost, and there are many opportunities. Just buy apartment in Turkey and start exploring business opportunities.

This blog post discusses why investing in Turkey is still a good idea and covers some other factors related to doing business there.

5 best Industries to Invest in Turkey

Here are a few of the best industries to invest in Turkey:

1- IT and Technology

Turkey has been a hub for foreign companies to have their IT and technology servers hosted locally in recent years.

This is partly because data centers in Istanbul are cheaper than those in London or Paris. In addition, this city also offers very fast internet speeds as well as special tax incentives from the government.

The market set up about 15 years ago now needs expansion into new sectors of development, which will require investment capital both domestically and internationally at some point soon. If you haven't already checked out opportunities within this sector, then it's certainly worth doing so before others get there first.

2- Textile and Ready to Made Garments

The Ready to Wear garments sector is currently worth over $12 billion in exports annually.

Turkey has established itself as a leader in this market, and it's now the second-largest supplier of clothing after China, so there are plenty of opportunities within this industry.

The Turkish textile industry employs around 600,000 people directly and approximately an additional 700,000 employed indirectly. Turkey also holds 24% of global cotton production due to its ideal growing conditions and cheap labor costs.

There has been some political unrest recently, but it doesn't seem to impact investment moving forward. However, it may cause fluctuations in exchange rates between dollars and lira until stability returns again soon.

As long as you conduct your own thorough research and due diligence before investing, this industry is a great opportunity.

3- Real Estate and Construction

The Turkish construction industry is the third-largest in Europe and second largest in the Middle East. Many of these projects are infrastructure-related such as transportation, hospitals, schools, etc.

Real estate investment has been very appealing to many international investors in recent years because of the rising demand and lack of supply for housing options in Turkey's main cities like Istanbul and Ankara.

The country also offers special tax incentives for real estate transactions which may be a big drawcard if you're looking at investing over the long term rather than speculating on quick flip opportunities.

4- Environment and Recycling

The environment and recycling industry has been picking up momentum in recent years. This Turkish sector includes sectors such as waste management, water treatment facilities, to name a few.

This investment area provides an opportunity for both large-scale companies with the necessary capital and smaller operators looking to enter this market or expand their existing operations into new markets within Turkey itself.

Many countries worldwide have tightened regulations on how businesses should deal with wasted materials due to environmental concerns. Hence, demand will likely continue if not increase further over time which means there are still plenty of opportunities for investors here moving forward.

5- Natural Resources and Agriculture

The Turkish agriculture and natural resources industry is worth $13 billion annually.

This includes sectors such as cotton, lentils, vegetables, etc. that Turkey exports to other countries around the world daily. For this reason alone, it's an area of investment with plenty of potential for growth over time, making it one of the best industries in terms of diversification within Turkish investment opportunities.

There are many companies outside of Turkey looking to increase their market share by entering new markets. There will always be room for small-scale operators who want to make a quick buck or long-term investors. Securing assets in key locations either domestically or internationally makes this sector a great option when considering where to invest money into business ventures.

Final thoughts

Many factors discussed why investing in Turkey is a good idea, but these five industries are some great options worth exploring. Also, if you are planning to visit Turkey or want to explore business opportunities, you must buy Apartment in Turkey. To get an idea of the best properties in Turkey, Click here.