It accounts for 23 per cent of Turkey‘s economic stimulation.
Istanbul’s government expenditures continues to stay around seven to eight per cent.
While still maintaining about a 40 per cent contribution to the overall state budget.
The buying power that the people of Istanbul have is colossal when compared with the rest of Turkey.
Tourism in Istanbul
It is estimated that ten million foreign tourists visited Istanbul in 2013 alone.
These figures have increased at an average of about 10 per cent year on year, regardless of the situation in neighbouring countries.
Most of the city’s hotels are five-stars (about one-fourth) with another one-fifth rated as four-star hotels.
Successful American companies are heavily investing in tens of hotels each year.
People from all over the world visit fourteen (out of 153 in Turkey) museums in Istanbul, so there is a prime chance to take advantage of these numbers by offering them culturally unique arts and entertainment experiences.
These are just a fraction of the great things happening in Istanbul for any investor looking to put their money to good use.
Like any investment, there are risks associated with getting involved with any type of investment.
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