CIP Turkey
IMI Official Partner
Turkey outpaced all G20 nations with a 1.7 percent quarterly economic expansion in late 2024, establishing itself as the fastest-growing major economy during a period of global uncertainty. This impressive performance wasn’t a fluke but part of a consistent pattern that has positioned Turkey as an increasingly attractive destination for global capital.
The Turkish economy grew by 3.2 percent overall in 2024, matching Spain for the top position among OECD nations. This growth pushed the economy’s total size to $1.32 trillion, with per capita income reaching $15,463 – figures that continue climbing as economic momentum builds.
Government forecasts project even stronger performance ahead, with GDP growth expected to accelerate to 4 percent in 2025, 4.5 percent in 2026, and 5 percent in 2027. These projections would increase the economy’s size to $1.77 trillion by 2027, with per capita income surpassing $20,000.
The housing sector particularly demonstrates Turkey’s economic vitality. Home sales surged nearly 40 percent year-on-year in January 2025, continuing the double-digit growth trend that began in mid-2024. The market has rebounded powerfully, with 1.5 million homes changing hands last year – a 21 percent increase from 2023.
Construction companies are responding aggressively to this demand. A recent industry survey revealed that 81 percent of developers plan to launch new housing projects within the next six months, with over 71 percent expecting sales to increase further during this period.
Property values reflect this robust market, with nationwide house prices rising substantially and maintaining growth even when adjusted for inflation. Major cities like Istanbul, Ankara, and Izmir have seen especially dramatic price increases.
Investors find particular appeal in Turkey’s rental yields, which average 6.5 percent nationwide, with cities like Ankara offering yields up to 10.1 percent. These figures substantially outperform many Western markets and highlight the opportunity for both capital appreciation and income generation.
This economic renaissance comes as Turkey continues refining its investment migration programs, making the country increasingly accessible to foreign investors. The citizenship by investment program, requiring a $400,000 real estate purchase, offers what many consider one of the most straightforward pathways to a second passport globally.
Turkey’s strategic position bridging Europe and Asia, combined with its economic momentum and investor-friendly policies, creates a perfect storm of opportunity for global investors seeking growth markets with tangible benefits.
Unlock Turkey’s Investment Potential
CIP Turkey offers comprehensive guidance and support for those interested in exploring investment opportunities in Turkey’s dynamic market, particularly through the citizenship investment program.
Our expertise in navigating Turkey’s evolving investment landscape can be an invaluable resource for investors looking to capitalize on the country’s economic renaissance.
If you’d like to learn more, contact CIP Turkey today via our website, email us at info@cipturkey.net, or call us at +90 555305 32 93.
