Last year, Turkey attracted its largest amount of foreign direct investment (FDI), $16.8 billion, in the past seven years. In 2016, however, the tables have turned, with Turkey now on track to experience its lowest FDI in seven years.
According to Economy Ministry data, FDI in Turkey for the first half of 2016 plunged 54% compared to the same period last year, dropping to $4.8 billion from $10.5 billion. Of the $4.8 billion, $2 billion was in the form of real estate purchases by foreigners, a significant increase for that sector for the half year.