Turkey offers citizenship to foreign property buyers

[monitor]

Turkey offers citizenship to foreign property buyers
People who invest in Turkey, including buying properties worth $1m or creating 100 jobs, will be offered citizenship.
http://www.aljazeera.com/news/2017/...-foreign-property-buyers-170113112921530.html

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A lot of wealthy people in the Gulf will love this.

Which kind of money black or white?

 

[neem456]

There are better option's for that price

 

[Frogman]

The amount of direct foreign investment in Turkey in the first 10 months of 2016 was 8.6 Billion US Dollars the lowest figure in 7 years. That figure is down a whopping 44% on the previous year (2015) which was the highest figure in seven years at 16.8 Billion Dollars.

Add to that a credit rating valued at junk by two agencies in addition to an escalating currency crisis made worse by governmental intervention plus the current political turmoil.

You can see why Turkey is becoming an unattractive market for investment and schemes such as this are desperate attempts to turn back the tide. Most likely won't be successful.

Expect Turkey's tourism sector to take a hit in 2017 as well due to the security situation. The economic repercussions of the coup attempt also aren't reflected in these figures. Turkey's economic outlook isn't looking that healthy at all.

Edit: In September, Moody’s followed Standard & Poor's and downgraded Turkey’s credit rating to “junk” — below speculative/non-investment grade — sending a warning of major risk to foreign investors.

 

[damm1t]

The amount of direct foreign investment in Turkey in the first 10 months of 2016 was 8.6 Billion US Dollars the lowest figure in 7 years. That figure is down a whopping 44% on the previous year (2015) which was the highest figure in seven years at 16.8 Billion Dollars.

Add to that a credit rating valued at junk by two agencies in addition to an escalating currency crisis made worse by governmental intervention plus the current political turmoil.

You can see why Turkey is becoming an unattractive market for investment and schemes such as this are desperate attempts to turn back the tide. Most likely won't be successful.

Expect Turkey's tourism sector to take a hit in 2017 as well due to the security situation. The economic repercussions of the coup attempt also aren't reflected in these figures. Turkey's economic outlook isn't looking that healthy at all.

Edit: In September, Moody’s followed Standard & Poor's and downgraded Turkey’s credit rating to “junk” — below speculative/non-investment grade — sending a warning of major risk to foreign investors.

Moody's and SP are themselves politic puppet junks with subzero credibility and in Turkey nobody gives shit about it. You all can hope for unsuccess of Turkey but we will not be sorry disappointing all haters

 

[SDS1]

Moody's and SP are themselves politic puppet junks with subzero credibility and in Turkey nobody gives shit about it. You all can hope for unsuccess of Turkey but we will not be sorry disappointing all haters

Whatever you think . but West companies look at those ratings, Next option to you is Russia and China .... Russia wont be investing in Turkey , and China will be interested if you act like PAK/ Africa etc.

 

[Baybars Han]

Moody's and SP are themselves politic puppet junks with subzero credibility and in Turkey nobody gives shit about it. You all can hope for unsuccess of Turkey but we will not be sorry disappointing all haters

The whole world looks at them, only erdoğan doesn't because he's living in he's own fantasy world.

 

[damm1t]

Whatever you think . but West companies look at those ratings, Next option to you is Russia and China .... Russia wont be investing in Turkey , and China will be interested if you act like PAK/ Africa etc.

The whole world looks at them, only erdoğan doesn't because he's living in he's own fantasy world.

Clever and real investers of the West will come. China interesting in energy sector with a 15b $ investment, w/ Russia already multi-billion dolar agreements signed, more will come, Russia and China think the same as us that SP, Fitch and Moody's are nothing but the corrupt West's "political" tools and their ratings have no real value. This is oubvious and a well known fact. Read this article to have some opinions.

They get paid to give some good ratings And otherwise ...

An article titled “MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts” published in Business Insider explained one deeply criticized and troubled aspect of the working system of CRAs. “The primary conflict of interest at Moody's is well known: The company is paid by the same `issuers` (banks and companies) whose securities it is supposed to objectively rate.”

http://factcheckingturkey.com/finance/credit-ratings-agencies-overview-318

 

[Frogman]

Moody's and SP are themselves politic puppet junks with subzero credibility and in Turkey nobody gives shit about it. You all can hope for unsuccess of Turkey but we will not be sorry disappointing all haters

You're taking this personally when there is no reason to. This isn't an attack on Turkey just stating the current facts and numbers.

Investor confidence is a massive consideration and should be taken seriously by everyone and whether you like it or not credit agencies do influence investors both foreign and local.

The ongoing instability both politically and in terms of security is turning away investment hence the 44% drop in fdi. Those numbers also aren't representative of performance post the coup attempt. Not an attractive market when you can't predict events or even government policy such as the extension of the emergency laws.

Turkey is also in the midst of a currency crisis due to poor administration. Conflict between the central bank and the government over interest rates and a lack of coordination in terms of monetary and fiscal policy has lead to a record slump for the Lira in front of the dollar (3.62 lira to the Dollar).

For a nation with a trade deficit of near 60 Billion Dollars (2015) this is not a great place to be in and is ultimately damaging to the Turkish consumer with inflation rising (currently at 8.53% following a 7% rise in November).

Also not a good place to be when 40% of the external debt stock is short term loans which in itself is a dangerous percentage but also compounds the currency crisis as these loans are dependent on the Dollar.

Turkey's entire external debt stock is 60% of its GDP and that figure rises to over 90% of GDP if you add its domestic debts. Not healthy with an account deficit currently standing at 35 Billion Dollars on average annually.

Basically, you're in a tough spot and you need to get out of it not just for yourselves but for the region and global market. We live in a world where all our economies are connected.

However, the reaction thus far from the Turkish government has been poor. Deflecting economic problems and stubbornly declaring there is nothing wrong. Dismissing influential credit agencies as being tools of conspiring nations and so on.

You're confident when you should be worried.

Sources:

http://www.al-monitor.com/pulse/ori...rnment-contain-the-economic-crisis-blaze.html
https://www.bloomberg.com/news/arti...ord-low-as-central-bank-seen-unwilling-to-act
http://www.hurriyetdailynews.com/fo...----.aspx?pageID=238&nID=107697&NewsCatID=345http://www.skynewsarabia.com/web/article/905879/ارتفاع-التضخم-تركيا-لمستوى-يفوق-التوقعات
http://globaledge.msu.edu/countries/turkey/tradestats
http://www.tradingeconomics.com/turkey/inflation-cpi
http://www.tradingeconomics.com/turkey/external-debt

 

[Baybars Han]

You're taking this personally when there is no reason to. This isn't an attack on Turkey just stating the current facts and numbers.

Investor confidence is a massive consideration and should be taken seriously by everyone and whether you like it or not credit agencies do influence investors both foreign and local.

The ongoing instability both politically and in terms of security is turning away investment hence the 44% drop in fdi. Those numbers also aren't representative of performance post the coup attempt. Not an attractive market when you can't predict events or even government policy such as the extension of the emergency laws.

Turkey is also in the midst of a currency crisis due to poor administration. Conflict between the central bank and the government over interest rates and a lack of coordination in terms of monetary and fiscal policy has lead to a record slump for the Lira in front of the dollar (3.62 lira to the Dollar).

For a nation with a trade deficit of near 60 Billion Dollars (2015) this is not a great place to be in and is ultimately damaging to the Turkish consumer with inflation rising (currently at 8.53% following a 7% rise in November).

Also not a good place to be when 40% of the external debt stock is short term loans which in itself is a dangerous percentage but also compounds the currency crisis as these loans are dependent on the Dollar.

Turkey's entire external debt stock is 60% of its GDP and that figure rises to over 90% of GDP if you add its domestic debts. Not healthy with an account deficit currently standing at 35 Billion Dollars on average annually.

Basically, you're in a tough spot and you need to get out of it not just for yourselves but for the region and global market. We live in a world where all our economies are connected.

However, the reaction thus far from the Turkish government has been poor. Deflecting economic problems and stubbornly declaring there is nothing wrong. Dismissing influential credit agencies as being tools of conspiring nations and so on.

You're confident when you should be worried.

Sources:

http://www.al-monitor.com/pulse/ori...rnment-contain-the-economic-crisis-blaze.html
https://www.bloomberg.com/news/arti...ord-low-as-central-bank-seen-unwilling-to-act
http://www.hurriyetdailynews.com/fo...----.aspx?pageID=238&nID=107697&NewsCatID=345http://www.skynewsarabia.com/web/article/905879/ارتفاع-التضخم-تركيا-لمستوى-يفوق-التوقعات
http://globaledge.msu.edu/countries/turkey/tradestats
http://www.tradingeconomics.com/turkey/inflation-cpi
http://www.tradingeconomics.com/turkey/external-debt

There is no problem, its the interest rate lobby, the USA, FETO, Europe and the whole world that can't stand us, we are growing and they want to stop our advances. (Erdogan speech)

Im sure 99% of all dictators have speeches like this when things go bad, everyone is against you etc

 

[Safriz]

There are cheaper options but for Muslims Turkiye will be a better place if looking to immigrate.
At least there won't be a Blanket Burqa ban or Muslim girls forced to swim with boys as they do in Switzerland.

 

[T-123456]

You're taking this personally when there is no reason to. This isn't an attack on Turkey just stating the current facts and numbers.

Investor confidence is a massive consideration and should be taken seriously by everyone and whether you like it or not credit agencies do influence investors both foreign and local.

The ongoing instability both politically and in terms of security is turning away investment hence the 44% drop in fdi. Those numbers also aren't representative of performance post the coup attempt. Not an attractive market when you can't predict events or even government policy such as the extension of the emergency laws.

Turkey is also in the midst of a currency crisis due to poor administration. Conflict between the central bank and the government over interest rates and a lack of coordination in terms of monetary and fiscal policy has lead to a record slump for the Lira in front of the dollar (3.62 lira to the Dollar).

For a nation with a trade deficit of near 60 Billion Dollars (2015) this is not a great place to be in and is ultimately damaging to the Turkish consumer with inflation rising (currently at 8.53% following a 7% rise in November).

Also not a good place to be when 40% of the external debt stock is short term loans which in itself is a dangerous percentage but also compounds the currency crisis as these loans are dependent on the Dollar.

Turkey's entire external debt stock is 60% of its GDP and that figure rises to over 90% of GDP if you add its domestic debts. Not healthy with an account deficit currently standing at 35 Billion Dollars on average annually.

Basically, you're in a tough spot and you need to get out of it not just for yourselves but for the region and global market. We live in a world where all our economies are connected.

However, the reaction thus far from the Turkish government has been poor. Deflecting economic problems and stubbornly declaring there is nothing wrong. Dismissing influential credit agencies as being tools of conspiring nations and so on.

You're confident when you should be worried.

Sources:

http://www.al-monitor.com/pulse/ori...rnment-contain-the-economic-crisis-blaze.html
https://www.bloomberg.com/news/arti...ord-low-as-central-bank-seen-unwilling-to-act
http://www.hurriyetdailynews.com/fo...----.aspx?pageID=238&nID=107697&NewsCatID=345http://www.skynewsarabia.com/web/article/905879/ارتفاع-التضخم-تركيا-لمستوى-يفوق-التوقعات
http://globaledge.msu.edu/countries/turkey/tradestats
http://www.tradingeconomics.com/turkey/inflation-cpi
http://www.tradingeconomics.com/turkey/external-debt

Im very worried.
The government knows whats wrong but doesnt take the requiered measures,its trying to fool the people with some dumb actions.
''Buy Turkish Lira'' to save the economy,really?
Btw,we have alot of dreamers in my country so,dont mind the ''we will overcome'' like comments.

 

[Dawood Ibrahim]

That's good news especially for Asians. @Kuwaiti Girl i don't think GCC national will go especially UAE QATAR KUWAIT but for buying property's yes

 

[Frogman]

There is no problem, its the interest rate lobby, the USA, FETO, Europe and the whole world that can't stand us, we are growing and they want to stop our advances. (Erdogan speech)

Im sure 99% of all dictators have speeches like this when things go bad, everyone is against you etc

I honestly don't understand this reaction. It may potentially undo the economic progress Turkey made in the 90s and through the last decade. A lot of which was under Erdo and the AKP.

Im very worried.
The government knows whats wrong but doesnt take the requiered measures,its trying to fool the people with some dumb actions.
''Buy Turkish Lira'' to save the economy,really?
Btw,we have alot of dreamers in my country so,dont mind the ''we will overcome'' like comments.

Those comments ignore that most rational people want Turkey to over come this economic slump. Stating the facts is suddenly becoming a hater when in reality the only people who want Turkey to badly are idiots.

 

[T-123456]

Those comments ignore that most rational people want Turkey to over come this economic slump. Stating the facts is suddenly becoming a hater when in reality the only people who want Turkey to badly are idiots.

There is nothing much to do but wait and see whats coming.