Investment In Turkey Real Estate And Istanbul’s Economy
One of the best investments you can make in yourself is to gain Turkish citizenship. However, when making an investment in Turkish real estate, you must take the city’s economic climate into account. The one factor that provides the most precise information about a nation is the development level of a city. Istanbul is the most developed city in Turkey and is seeing economic growth.
Through Mornvest, a luxury estate in Istanbul, you may learn about the scale of the city’s economy. After getting Turkish citizenship, you can either live in the homes you have bought as investments or rent them out. Let’s examine Istanbul’s socioeconomic and economic growth level, which makes it one of the best locations for obtaining Turkish citizenship by investment.
The Socio-Economy Of Istanbul On Turkish Citizenship Property
Istanbul, which had 38 billionaires overall in 2013, was ranked fifth in the world by Forbes magazine, behind Moscow, New York,Hong Kong and London. Given that Istanbul accounts for percent 28,5 of Turkey’s total consumption, changes in Istanbul’s level of living are a direct result of national statistics. All segments of the economy were badly impacted by the financial crises in Asia from July 1997 to the beginning of 1998 and in Russia from August 1998 to the middle of 1999, especially exports. In 1999, a modest reconstruction of the Istanbul economy was noted following this slump.
The significant and scary earthquake that struck on August 17, 1999, at the Kocaeli epicenter, was one of the worst economic crises to ever affect the city. Losses of property and lives, as well as a three percent fall in the economy, were also caused by the catastrophe. Although these crises, Istanbul’s economy has significantly recovered and thrived since then.
The largest firms and banks in Turkey have their headquarters in the financial districts of Levent, Maslak, and Sisli, as well as the regional offices of global financial titans like Citibank, Merrill Lynch, JP Morgan, HSBC, and ING. Given the numerous new tower projects that are proposed, approved, and launched each year, both Levent and Maslak have dynamic shadows that are continually developing and changing.
The city is home to the vast majority of Turkey’s important production plants. Istanbul and the surrounding regions produce cotton, fruit, olive oil, silk, tobacco, and other agricultural products. Among the primary industrial products of the city are food processing, textile production, petroleum products, rubber, metal goods, leather, chemicals, electronics, glass, machinery, paper and paper products, and alcoholic beverages. Additionally, there are automotive and truck assembly plants in the city.
Istanbul was additionally chosen as the 2010 European Capital of Culture. Purchasing apartments for investment purposes in this city will be a very beneficial investment because it is home to many different cultures, offers employment, has a high literacy rate, and has numerous hospitals and schools per population. You will benefit much from obtaining Turkish citizenship in this economically autonomous city.
At Istanbul Property World: Mornvest
Achieving your dreams is most definitely not a dream while working with Mornvest, the first real estate firm that comes to mind when discussing luxury properties in Istanbul. The most dependable method of gaining Turkish citizenship by investment, Mornvest, continues to offer its investors cutting edge revolutions. Mornvest is only a phone call away if you also want to buy investment real estate property for sale.