How to Invest in Turkey (Interview with Istanbul Entrepreneur)

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  • เผยแพร่เมื่อ 15 พ.ย. 2024

ความคิดเห็น • 125

  • @FlyWithVeiga
    @FlyWithVeiga 3 หลายเดือนก่อน +22

    Istanbul is a great city 🔥

    • @nomadcapitalist
      @nomadcapitalist  3 หลายเดือนก่อน +1

      We agree. What do you like about Istanbul the most?

    • @FlyWithVeiga
      @FlyWithVeiga 3 หลายเดือนก่อน +2

      ​@@nomadcapitalist it's beautiful, and my money goes so much further out there!

    • @neonomad1939
      @neonomad1939 3 หลายเดือนก่อน

      ​@@FlyWithVeigaPrices are now on par with most of the developed world. Recently local and foreign travellers have been opting for greece v Turkish coast.

    • @KM-yg1tb
      @KM-yg1tb 3 หลายเดือนก่อน

      Istanbul USED to be a great city until Erdoğan made it a concrete jungle and invited 4 million Syrians to bum around the city.

    • @Hellodumbbitchs
      @Hellodumbbitchs 3 หลายเดือนก่อน

      @@neonomad1939 not true according to their tourist arrivals data

  • @123-n2l
    @123-n2l 3 หลายเดือนก่อน +48

    I spent 2 weeks in turkey And the taxi haggling is the worst of it all. You would have to try 10 different taxi drivers to get a local price. An online payment Uber alternative could fix this

    • @GregoryIngle
      @GregoryIngle 3 หลายเดือนก่อน

      @@123-n2l Uber actually works perfectly for calling cabs. It's the only way to not get scammed if you don't speak the language.

    • @FearlessConvo
      @FearlessConvo 3 หลายเดือนก่อน +5

      Do they have Uber in turkey

    • @GregoryIngle
      @GregoryIngle 3 หลายเดือนก่อน +6

      @@FearlessConvo yes. But it doesn't work that way per se. You use the app in English exactly as you would in America - but you get picked up in a Independent taxi instead of a normal car.

    • @ebthenight
      @ebthenight 3 หลายเดือนก่อน +4

      Taxi drivers in Istanbul have also taken over Uber. If you use Uber, you will still be calling a taxi.

    • @GregoryIngle
      @GregoryIngle 3 หลายเดือนก่อน +2

      @@ebthenight it's designed that way.

  • @hurolinci5986
    @hurolinci5986 3 หลายเดือนก่อน +20

    In Berlin it took 14 years to build an average airport. in Istanbul it took 3 years to build the worlds biggest airport for half the price. Apply this to every other area, after enough time hungry emerging countries will eventually take the top spot.

  • @kagi95
    @kagi95 3 หลายเดือนก่อน +8

    Very interesting, hopefully the real estate prices come to reasonable levels so I can invest in my home country.

    • @nomadcapitalist
      @nomadcapitalist  3 หลายเดือนก่อน +2

      Thank you for sharing your insight!

  • @redshifttrucking4537
    @redshifttrucking4537 3 หลายเดือนก่อน +13

    I remember when Andrew bought an apartment in Istanbul, with good bones, in the city center for remodel. I don't know if we ever saw the finished project, I would like to see it. The apartment had a large terrace, and this filming location made me think of it. Is this filmed on the terrace?

    • @Molloy1951
      @Molloy1951 หลายเดือนก่อน

      Funny to see that Andrew have chosen not to answer your question.

  • @vmoses1979
    @vmoses1979 3 หลายเดือนก่อน +15

    I like Turkiye but this really is just hype. First - you need economic and fiscal stability, then you need sufficient confidence and optimism to bring back FDI to even contemplate a 'silicon valley' model, then you need the skills/education and most importantly the entrepreneurial mindset to make this a reality. BTW - so many countries in better shape than Turkiye attempted this to no avail. So America's success is not really replicable.

  • @BenLiona
    @BenLiona 3 หลายเดือนก่อน +27

    The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver, and digital currencies (BTC, ETH...

    • @NathanMarck-ci2qt
      @NathanMarck-ci2qt 3 หลายเดือนก่อน

      Crypto is bringing a different revolution in the world economy, people who are optimistic investors earn consistently, others will just sit and watch

    • @NishanthaLakshman-qh7vp
      @NishanthaLakshman-qh7vp 3 หลายเดือนก่อน

      Access to good information is what we investors needs to progress financially and generally in Life.this is a good one and I appreciate..

    • @jejudo3000
      @jejudo3000 3 หลายเดือนก่อน +1

      Good old Bill is that you?

  • @alexbarak1523
    @alexbarak1523 2 หลายเดือนก่อน +1

    Erkan is careful. There is one fundamental think he's not telling. It's that Turkey needs to return to business friendly and culturally open course (but not WOKE) that made Turkey successful in the recent past. Turkish products and services, domestically and internationally, were competitive on prices and of decent quality. Among foreigners, retirees, nomads and tourists, Turkey had solid reputation of a friendly, safe, low-cost Mediterranean haven. Not anymore. To become attractive again for business, investment and tourism, Turkey needs to make an Argentina-like business turn and get back to being culturally tolerant and friendly country. Good luck lovely Turkey!

  • @PikachuPT
    @PikachuPT 3 หลายเดือนก่อน +41

    I lived in turkey for 1 year as a digital nomad, they have beautiful cities like Antalya with all the infrastructure that you would need from a 1st world country. The only thing why I would never go back to Turkey : people are so rude and anti tourist. If you ever buy try to shop where locals shop and don't go to a mall, you are 90% sure to get scammed. They absolutely hate foreigners I've never seen this in another place

    • @berkoral801
      @berkoral801 3 หลายเดือนก่อน +28

      Couldn’t be further than the truth.

    • @sarscov_3covid-214
      @sarscov_3covid-214 3 หลายเดือนก่อน +2

      @@berkoral801 so berk are you saying there are no scams in Turkey? no taxi scams? no overcharging and no racism? 🤔🤔are you gonna blame bad manners and lack of fear of god on inflation? or are you gonna justify the recent attacks on Arab tourist and refugees? and don't you dare mention turkey is paying for those refugees. Turkey stole billions from EU and the west and gave dimes to those refugees. The amount of xenophobia and normalized hate speech in Turkey is only rivaled by Nazi Germany but turkey is not far off.

    • @golembased
      @golembased 3 หลายเดือนก่อน +2

      With skyrocket inflation all vendors become greedy. They all try to scam people and cost of living got closer to western europe. Turkey is becoming mixed version of USSR and bangladesh.

    • @advex4428
      @advex4428 3 หลายเดือนก่อน

      I live in Panama and its just very similar. I wouldn't say they hate foreigners. They just believe that all foreigners are millionaires and therefore try to scam them.
      So, its often more comfy to shop where they have scanning cashouts for price security.
      Also you start avoiding taxis like the plague and use Uber for price security. Taxi drivers especially think they are Einsteins for scamming people, but all they do is destroying their own market.

    • @vmoses1979
      @vmoses1979 3 หลายเดือนก่อน

      No they don't hate foreigners or tourists - they just want your money and will take it anyway they can. This could be solved if the local government insisted on posted prices for everything - unfortunately they aid and abet their businessmen on ripping off visitors. Or the government doesn't care. This is definitely a turn off for people coming back to the country.

  • @peterdawson3536
    @peterdawson3536 3 หลายเดือนก่อน +6

    I'm seeing a lot of reports about hyper inflation

    • @Hellodumbbitchs
      @Hellodumbbitchs 3 หลายเดือนก่อน

      yea but it is cooling down now

  • @EverydayEconomicGuy
    @EverydayEconomicGuy 3 หลายเดือนก่อน +2

    Great video!

  • @StenellaFr
    @StenellaFr 3 หลายเดือนก่อน

    despite inflation, turkish economy is flourishing. and property values have increased immensely in dollar terms, recently.

  • @mateosgago
    @mateosgago 3 หลายเดือนก่อน +5

    Nothing is starting up until Türkiye's wild hyperinflation crisis is addressed. The Lira must be stabilized for anybody to take Türkiye

  • @arshadali2312
    @arshadali2312 3 หลายเดือนก่อน +14

    Turkiye is a little dicey. Members of my family have lost money in property. And even if your property does keep up with inflation (currently running at around 70% annually), getting your money out may be problematic. I like Turkiye -- don't get me wrong -- but given a choice I'd take Georgia next door.

    • @nomadcapitalist
      @nomadcapitalist  3 หลายเดือนก่อน +5

      If you’re considering options, it’s always a good idea to weigh the pros and cons of each location.

    • @michaeljensen5113
      @michaeljensen5113 3 หลายเดือนก่อน

      I have been traveling to Turkiye for 30 years. Like any country do your research and you will be fine with the property market or any business.

  • @belstar1128
    @belstar1128 3 หลายเดือนก่อน +3

    turkey has good things going for it but at least when it comes to online stuff like social media or other things the Turkish government will try to censor and micromanage you. like they blocked wikipedia for a few years over something minor. maybe it is great for manufacturing or non interactive internet services and software

  • @aegisltd2018
    @aegisltd2018 3 หลายเดือนก่อน +2

    Absolutely brilliant video giving great insight into Türkiyé @Andrew Anderson

  • @vanillacoke8981
    @vanillacoke8981 3 หลายเดือนก่อน +8

    I think it can be the next Shenzhen, e.g. more of a manufacturing hub as opposed to R&D/Marketing/Strategy/Capital Markets hub for tech like SV is. But I see where you're going...

    • @DanAdrienSarfati
      @DanAdrienSarfati 3 หลายเดือนก่อน

      As a Turkish born citizen I can clearly say I hope not. Europe ie great Western Civilization while Turkey is 1sl@mized Middle Eastern Country. Whoever the president is, people are not European

    • @Paleb-wj2we
      @Paleb-wj2we 3 หลายเดือนก่อน +1

      Turkey has the youngest and and one of the most educated population in Europe.

    • @DanAdrienSarfati
      @DanAdrienSarfati 3 หลายเดือนก่อน +1

      @@Paleb-wj2we education needs quality, education in many Turkish Universities are nonesense. There are some good and some bad and graduates from bad ones don't know about their major at all

    • @Paleb-wj2we
      @Paleb-wj2we 3 หลายเดือนก่อน

      @@DanAdrienSarfati it’s true, but number of people who graduates from good ones and know what they are doing exceeds many countries in Europe, population of young people is vast, even if 30% ended up being qualified in their field, it’s still a huge number. And it’s also still better to get some education rather than thinking the earth is flat. America has one of the best universities but great amount of their young population is uneducated.

    • @KhaledFouad73
      @KhaledFouad73 3 หลายเดือนก่อน

      @@Paleb-wj2wespot on. Not to mention that education in the US costs a fortune and students have to take on loans to have any meaningful degree.

  • @arose7514
    @arose7514 3 หลายเดือนก่อน

    I wish to express that you look exceptionally handsome here!

  • @SuperHani2011
    @SuperHani2011 3 หลายเดือนก่อน +1

    certain areas in Istanbul or Bodrum a better buy for long term holding property in Türkiye?

  • @Molloy1951
    @Molloy1951 หลายเดือนก่อน +1

    I’ve lived in İstanbul for almost a year, in 2021.
    It’s not as bad as many Westerners believe, and not as great as some ultranationalist Turkish believe.
    Their Citizenship by Investment Program, however, is the best in the world.
    Turkish economy is dominated by Muslim clans. It’s all about connections to the higher political-religious higher spheres. Don’t take it for a liberal economy. Sixty per cent of the people and the central government are medieval. There is an immense conflict with the other half of society, more modern and rational.
    Colossal industrial groups aligned to the conservative government dominate large sectors of their economy, namely telecommunications, transportation, cement, steel, energy, among others.
    Turkish architecture is appalling. If you come from Europe, Japan or South America, most the interior designs in luxury Turkish hotels and condominiums might look bizarre and bad tasting.
    Wherever you live in Turkey, you need a car. Public transport is not good enough and taxi mafias aligned with the conservative government have prevented the country from having hailing apps. Their taxi service is among the worst I’ve ever experienced.
    Corruption prevails in every sector of the public services.
    For these reasons, millions of the most talented Turkish citizens have fled Turkey in the past 20 years.
    On a positive note, Turkey’s geography is among the most gorgeous and geopolitically relevant. I hope they can catch up with the developed world in terms of rationality and ethical standards. It would be a great country to live, indeed, should that happened.

  • @abul9052
    @abul9052 3 หลายเดือนก่อน +2

    Super bright guest , thanks ❤

  • @Thinkthanker
    @Thinkthanker 3 หลายเดือนก่อน +11

    Our Turkish friend who is an entrepreneur moved back to Turkey just to have fun! We wanted to buy an investment property, he advised us not to and he didn’t either. He invests in other countries. Also Many parts of Turkey regularly experience earthquakes and tremors. Crime has risen . Turkish people are flocking to other countries including Canada ! Imagine how bad is the situation there that they move to Canada !!!

    • @arshadali2312
      @arshadali2312 3 หลายเดือนก่อน +3

      Yes, indeed. And Turks with money try to move a big chunk of it outside Turkiye -- the lira is too unstable and probably the political situation as well (let's not forget the coup attempt in 2016).

    • @DanAdrienSarfati
      @DanAdrienSarfati 3 หลายเดือนก่อน +2

      Agree with him, I am from Turkey and still live in Turkey and clearly say don't cime here for business. I am from Hatay, the most affected city of Turkey Syria Earthqaukes. Our apartment prices was higher than Istanbul and was rising more and more while rent eas cheap. And now there is no city, there are no buildings. Prices are highrocketed here anyways. Same is expected for Istanbuk but currently in Hatay there is no insurance that government isn't gonna come and don't touch to your durable building. Many aoartments buildings here are destructed by government by force while they were convenient to live. If you remove government everything will become better but I say it always if government doesn't come to earthquake zones it is way better. Also as Non Muslims (as a Jew) it is not that safe to live here as a Non Muslims at all. Search 1955 Istanbul Pogrom 1934 Thrace Pogroms 1915 Armenian Pogroms/Genocides and all these were watched by police and were tolerated. Never come to Turkey

    • @arshadali2312
      @arshadali2312 3 หลายเดือนก่อน +1

      @@DanAdrienSarfati Yes, Turkey is an ethnostate. I am not affected so much since I am Moslem but if you are Jewish or Armenian, take care.

    • @DanAdrienSarfati
      @DanAdrienSarfati 3 หลายเดือนก่อน

      @@arshadali2312 every country is ethnostatenand it is normal, Turkey is an Islamized country and radicalized. And it is not safe for Muslims anyways, in 1July and last days of August Muslim ane Arab immigrants are violently barbaricly vandalized and majority supported this action and govt didn't do much. You have to be white Turk Sunni Muslim rich homophobic sexist fascist/islamist (in the name of conservstive or nstionalist) man to be safe here

    • @stephenwatson672
      @stephenwatson672 3 หลายเดือนก่อน +1

      The man being interviewed has a poker face.

  • @ağırsağlam
    @ağırsağlam 3 หลายเดือนก่อน +1

    Excellent video, quality info

    • @jejudo3000
      @jejudo3000 3 หลายเดือนก่อน +1

      Since you’re Turkish, is the future looking good or bad for Türkiye?

    • @ağırsağlam
      @ağırsağlam 3 หลายเดือนก่อน +2

      To answer this question, I have to be an oracle. As a citizen I have my own complaints. However being an entrepreneur is like surfing. We had a big crisis but I believe it is cooling off. I agree with the guest in this video, there is huge opportunities as well.
      Turkey is a bit hard to understand. Things are not the same in the whole world. We have our own stupid shit. As always what we have to do as an entrepreneur is to study human and market behaviour.

  • @lexbor3511
    @lexbor3511 3 หลายเดือนก่อน +1

    What people fail to understand - its 21 century and we are more or less in the same boat. So there are no safe places. Today the country is safe and prosperous, in 5 years boom, its turning into shit.... We must unite and fight for our future on this planet or there will not be tomorrow anywhere.

  • @ProLookout
    @ProLookout 3 หลายเดือนก่อน +1

    Antalya all day baby

  • @nidhishshivashankar4885
    @nidhishshivashankar4885 3 หลายเดือนก่อน +2

    Your great has some great insights

  • @nyakarundi
    @nyakarundi 3 หลายเดือนก่อน

    you need to look at Rwanda

  • @yosefmacgruber1920
    @yosefmacgruber1920 3 หลายเดือนก่อน +5

    No way is a Mercedes worth $150,000. For that much money, it had better be self-drive, be powered by free-energy technology, be bulletproof, and probably ought to be a self-fly flying car.

  • @DerekGarner-km4fj
    @DerekGarner-km4fj 3 หลายเดือนก่อน

    Interesting and insightful conversation. As for quality in Turkey, they do have several boat and yacht-builders known for great quality at prices a good deal less than the bigger name-brands.

  • @cryptolatino9220
    @cryptolatino9220 3 หลายเดือนก่อน +1

    Excellent interview!

  • @Mathstrade
    @Mathstrade 3 หลายเดือนก่อน +1

    I had one of the best holidays ever in Istanbul , yes the taxi drivers are annoying but thats all part of its charm and once you use the Tram once you realise you really dont need the taxis , people were amazing food was delicious and it was dirt cheap I couldnt spend my money.. its an amazing city , pro tip leave an hour early to get to the airport because the traffic can be insane 🤣

    • @nomadcapitalist
      @nomadcapitalist  3 หลายเดือนก่อน +1

      Thank you for sharing! Are you planning to visit Istanbul again?

    • @Mathstrade
      @Mathstrade 3 หลายเดือนก่อน

      @@nomadcapitalist 100% we love Turkey its def on the list of places to escape to where they treat you better cant wait to vacate the UK disaster , although god knows whats gonna happen to the USA wild times

  • @Whale15
    @Whale15 3 หลายเดือนก่อน +3

    Constantinople

  • @centaurihoney
    @centaurihoney 3 หลายเดือนก่อน +1

    Turkie = Turkiye 0:04

  • @kawartie
    @kawartie 3 หลายเดือนก่อน +7

    as a christian i’ve got lots of racism from the muslims, police is corrupted not helpful. As you say go where you’re treated the best, I had left turkey and moved to paraguay ❤

    • @KashifAli-ws4qm
      @KashifAli-ws4qm 3 หลายเดือนก่อน +2

      They are also racist against Muslim Kurds, Pakistanis, Afghanis and Syrians ur experience has nothing to do with muslims it was particularly bcz turks are raised to believe they are better than others and high inflation has created frustration that how everything is made for foreigners while locals can't afford them from hotels to luxury houses and expensive restaurants that make them hate tourists u know in spain they are attacking tourists cuz of high tourism if a Muslim goes there he might think he/she was attacked bcz of religion but we know the facts are different. Stay safe and love and respect from Muslim/Pakistani brother I hope u would visit our country and try our hospitality.

  • @badbobby11
    @badbobby11 3 หลายเดือนก่อน +2

    Good video… always interested in things you have to say

  • @hungo7720
    @hungo7720 3 หลายเดือนก่อน

    As the Turkish lira is rapidly depreciating, gobbling up a property in Istanbul is a wise decision one could make to relocate to a nation with a burgeoning economy like Turkey.

    • @walkingtourist4k185
      @walkingtourist4k185 3 หลายเดือนก่อน +2

      Turkey has a nationalism problem that hates foreigners and an imploding economy. People are not betting of, but when Turkey fails.

  • @NeraBuffy
    @NeraBuffy 2 หลายเดือนก่อน

    The bird was called after the country because of it's over the top colours and ugly appearance. Changing the name to avoid a historical comparison is an attempt at deleting history typical for those collective cultures. Not as tragic as Buddhas of Afghanistan but in the same spirit.

  • @RS01070
    @RS01070 3 หลายเดือนก่อน +2

    Lol 😂

  • @stephenwatson672
    @stephenwatson672 3 หลายเดือนก่อน

    I like Turkish food. Dates, almonds. I have funny Turkish Airline memories. Landing at the airport and having to take a crowded bus from the airplane and then two guys with a thick mustache scrutinizing the luggage. Another memory is being stuck on a Turkish Airline sitting next to an African with bad armpit BO. all the way to JFK Airport. They wouldn’t let me move because the airline was packed. It was horrible.

    • @aegisltd2018
      @aegisltd2018 3 หลายเดือนก่อน +3

      Of what relevance is the origin of the person with BO? Kmt

    • @stephenwatson672
      @stephenwatson672 3 หลายเดือนก่อน

      @@aegisltd2018 just being descriptive. Nothing against African migrants. Once I took the train from Milan’s Central station to Paris, France and they had to escort a man off the train because of bad BO. I was four train cars down and I could smell it. I heard lots of yelling and screaming as he was escorted off the train.

    • @aegisltd2018
      @aegisltd2018 3 หลายเดือนก่อน +2

      @@stephenwatson672 like saying that Caucasian Swede or Brit was sat next to you and he had BO. Have you ever described BO from Caucasians by mentioning their origin? BO is BO. You'll do yourself an injury if you carry on so. People are people. BO is BO. Their immigration status is not known to you. You just hating. Be happy! Hate kills the hater.

    • @stephenwatson672
      @stephenwatson672 3 หลายเดือนก่อน

      @@aegisltd2018 actually yes, I was in Europe where it was a shopping mall with nothing but white people and there was a pungent order. Armpit BO by Europeans, yep. The BO African was coming from Turkey so more of a European thing? You know, the stereotype in the US about European. Asians can also have really bad breath. It’s the food they eat.

    • @Karakulak1071
      @Karakulak1071 3 หลายเดือนก่อน +1

      There are no dates growing in Türkiye, maybe they were from Iran or Saudi Arabia

  • @Erez84
    @Erez84 3 หลายเดือนก่อน +2

    LOL one of the worst places in the world

  • @sirajislamicvq3690
    @sirajislamicvq3690 26 วันที่ผ่านมา

    i m sirajul i have export to uk now i m finding any jute businessman in turkey please if any contact with me i could supply jute from bangladesh