Istanbul and Antalya are the first preference of foreign investment
Companies established in 2006 with foreign capital prefer the cities of Antalya and Muğla the most after Istanbul.
Foreigners buy the most real estate in Antalya. According to official
figures, the percentage of real estate property owned by foreigners in Antalya
lies at 23 percent, which means that 14,610 real estate properties have
been sold to foreigners. Muğla is on third place with 8,251.
48
percent (1,616) of the 3,350 companies established in 2006 preferred
Istanbul, 18 percent Antalya, 9 percent Muğla, 6 percent İzmir and 5
percent Ankara.
Companies in Istanbul are focused on the wholesale and retail trade and
the production sector, whereas the ones in Antalya and Muğla are
focused on the tourism sector with weight on real estate rentals, hotels and restaurants.
Since
the act regarding the real estate sales to foreigners passed in 2003,
foreigners have invested $7.2 billion in Turkey. The most sales in real
estate, since the foundation of the republic, has been realized in
2006. Out of the total of 66,000 real estate sales to foreigners 11,000
have been realized in 2006.
14,955 companies in 52 years
According
to a report called �International Direct Investments� announced by the
Treasury at the beginning of last week, a total of 14,955 companies
with international capital came to Turkey between the dates of 1954 and
2006. Istanbul with 8,334 companies takes the first place, Antalya
second place with 1,764 companies, Ankara third place with 1,039
companies, İzmir fourth place with 926 companies and Muğla fifth place
with 860 companies.
Out of the companies established in
Istanbul since 1954, 3,222 are mostly in the wholesale/retail business,
while 1,781 are in the production industry and 353 are in the
construction business. 976 companies were established in the real
estate rental and business sector.
In Antalya, 345 companies
were established in the hotel and restaurant sector and 338 companies
in the construction sector in the past 52 years. 379 companies
preferred Antalya for real estate rental business. Istanbul and Antalya
competed with 345 and 372 companies respectively in the construction,
hotel and restaurant sector.
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