Business in Turkey
June 1, 2012
Turkey has increased its billionaires by 50% in the same time it has taken Warren Buffett to raise a similar amount in corporate welfare from US taxpayers. Despite the last several years of global financial angst, Istanbul is currently home to 38 billionaires (ranked seventh worldwide), none of whom are anchored to the oil curse like the majority of their neighbouring billionaires, nor are they slaves to the yo-yo cash flow of the revolving tech crowd back in the US (who seem to be so bereft of ideas that they are investing billions in a Russian high school year book scam).
Can a foreigner buy property in Turkey? This is a question we keep hearing in Singapore. Our friends, colleagues and neighbours in Singapore are eager to learn about the real estate market in Turkey.
Why are Singaporean investors interested in the Turkish real estate market? We should break this question into two: 1. Why in invest in Turkey? And 2. Why real estate?
I am a firm believer in the saying ‘one language one person.’ I believe that people should learn foreign languages in order to understand the world. Learning a language means more than being able to communicate with a foreigner, it lets you enter a new world of tradition, culture, history, rituals, business and logics. So many things are engrained in the language uniquely coded to the particular culture that not even the best interpreter can translate fully.
The most important decision a Turkish family has to make right upon their child’s graduating primary school is to determine which school he will be enrolled. First and financially binding decision is to choose an Anatolian or private high school. Then what language should he be learning?
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