Recently, according to the Turkish newspaper Sabah, resident savings in Turkey reached 13 trillion Lira in the first half of the year, a year-on-year increase of 24.6%, with per capita savings at 15,778 Lira. Istanbul accounted for 554.3 billion Lira in savings, representing 42.8% of the national total, followed by Ankara, Izmir, and Antalya. In terms of per capita savings for the first half of the year, Istanbul and Ankara recorded 36,786 Lira and 23,310 Lira respectively, followed by Mugla, Izmir, and Antalya.
Signal 1: The Turkish economy is improving with steady growth
Generally speaking, a portion of resident income is used for consumption, and a portion is used for savings. Most believe that the consumption portion can stimulate the market and promote market economic growth. However, appropriate savings can better promote economic growth. Why is this? First, most resident savings are deposited into banks. Banks do not leave this money idle; on the contrary, they lend these funds out. Most corporate and investor investments are financed through bank loans to purchase production materials and improve productivity, which is essentially a disguised way of activating the market and promoting economic growth.
Compared to consumption, which mainly involves spending money on daily living—much of which turns into waste—purchasing production materials and improving productivity is different. Enterprises and investors use these funds to build factories, develop businesses, promote employment, and increase GDP, thereby allowing the public to have more money to purchase housing and consume other high-end goods.
In recent years, rapid economic growth has driven consumption upgrades, and consumption upgrades in turn have stimulated rapid economic growth; this is the logic. Therefore, the continuous growth of Turkish resident savings fully demonstrates that the Turkish national economy is improving and growing steadily.
Signal 2: Turkey has good social welfare and stable resident life
The family is an important unit of society, and the foundation of social stability is the stability of thousands of families. As the saying goes, "a poor couple faces many troubles." When a family does not have sufficient financial resources to guarantee basic living, how can they have enough funds to save? This fully demonstrates that Turkey's social security system is relatively sound, social welfare is good, and the lives of residents are stable.
Signal 3: Low risk in the Turkish financial market
Resident savings are an important pillar of finance. The main funds for national treasury bonds and bank loans come from resident savings. Sufficient resident savings help ensure the stability of the national financial system and improve resident financial confidence. Currently, most banks rely on resident deposits to support normal operations. If resident financial confidence declines and a situation arises where withdrawals exceed deposits, it can easily lead to operational difficulties for banks, or even bankruptcy. The 24.6% growth in Turkish resident savings and the per capita savings of 15,778 Lira fully demonstrate that the risk in the Turkish financial market is relatively low.
The above signs indicate that the Turkish economy has sufficient momentum to maintain its rapid development. In particular, Istanbul, Turkey's largest city, has become the country's political, economic, and cultural center. As a candidate country for the European Union, a NATO member, and a G20 member, Turkey possesses a solid industrial foundation and has become one of the world's emerging economies and one of the fastest-growing countries globally. At the same time, Turkey is favored by global investors due to its perfect infrastructure, excellent investment environment and policies, and high-growth demographic dividend.
On September 18, 2018, the Turkish government announced a reduction in the threshold for Turkish citizenship, slashing the real estate investment amount by 75%, from $1 million to $250,000! In addition, due to the fluctuation of the Turkish Lira exchange rate, foreign buyers can acquire Turkish properties at a lower cost, significantly reducing investment expenditure. Under the current situation of relaxed Turkish property-buying immigration policies and currency fluctuations, it is the perfect time for immigration + investment in Turkey! Currently, Visas Consulting Group is working with powerful Turkish partners to introduce another heavyweight property project to investors—Tianxi International Turkey, located in the European district of Istanbul, Turkey, which is one of the most popular projects on the market!
2019 Win-Win Project for Overseas Status + Overseas Property
European District of Istanbul, Turkey
Large-scale business community with a total construction area of over 2 million square meters
Skyscraper landmark property launched with a bang
Start a dream life at Tianxi International
Istanbul Tianxi International is located between the Maslak and Levent business districts, integrating residences, offices, and a home creative design center. The project consists of three towers, combining high-end, comfort, and high technology. Its unique design style makes it a beautiful landscape in Istanbul. At Tianxi International, you will start a dream life.
Wide view, overlooking the beautiful scenery of Istanbul
As a high-rise residential building in Istanbul, the entire Tianxi International project towers into the clouds, offering a very wide view. Spacious balconies and bright floor-to-ceiling windows allow you to not only take in the beautiful scenery of the metropolis of Istanbul but also immerse yourself in the charm of Istanbul.
Adjacent to two major CBDs, convenient transportation within reach
Tianxi International is located between the Maslak and Levent districts, which are the calling cards of Istanbul's modern urban life and commercial center. The project is located right next to highway entrances and subway stations, providing easy access to every corner of the city. It offers quick access to the second Bosphorus Bridge, and the new Istanbul Airport and the third Bosphorus Bridge can be reached via subway and connecting highways. The superior geographical location, combined with accessible and convenient transportation, makes Tianxi International a shining star in Istanbul, shining in the center of the city.
Education and international lifestyle at your fingertips
Tianxi International—the heart of Istanbul—offers a variety of unit types to meet the needs of different investors. The project has perfect supporting facilities, such as lobby services, a gym and SPA center, sauna, children's playground, a swimming pool overlooking the city panorama; the whole house is equipped with a smart home system; a parking lot that can accommodate 3,500 private cars; it is adjacent to Istanbul's "big oxygen bar"—a 55 million square meter natural protected forest park; a gymnasium; a new world of gourmet food; a creative design center, etc., allowing residents to fully enjoy an international lifestyle.
In addition, the educational resources around the project are also very rich, such as The British International School, International Small Hands Academy, Istanbul International Community School, Bosphorus International Kindergarten, and many other famous international schools, paving the way for children's education.
For those who want to participate in the Turkish investment market, purchasing property of no less than $250,000 allows the whole family to obtain a Turkish passport from a major European country, and the purchased property can be sold after three years! At the same time, for investors with needs, depositing the equivalent of $500,000 in a bank operating in Turkey for 3 years can also quickly obtain a passport from Turkey, an EU candidate country! Meanwhile, holding a Turkish passport not only allows you to apply for a US E2 visa to go to the United States, but also allows you to apply for Turkish business person visas and Turkish worker visas to go to the UK. If relevant conditions are met, you can also apply for permanent residency in the UK and other benefits!
A good 2019 win-win project for overseas status + overseas property, opportunities wait for no one. Quality properties, first come, first served! For details, please consult: 400-138-2929
The copyright of this article belongs to Visas Consulting Group. If you need to reprint, link, repost, or copy and publish this article in any other way, please be sure to indicate that the article copyright comes from Visas Consulting Group. Violators will be held legally responsible. The information or views in this article are for reference only.
*The above information is for reference only and does not serve as a basis for investment. Pictures are for reference only, and the actual delivery shall prevail. Investment involves risks, and choices should be made with caution*