With a GDP growth averaging at 8.5% in 2011, Turkey is seen as a core emerging European wealth management market. Turkey has 1,923 UHNWIs, with an average wealth of US$135 million per person.
Istanbul is the largest city for Turkish UHNWIs, accounting for 58% of total UHNWIs with 1,110 individuals. There are also sizable UHNWI populations in Ankara (200 UHNWIs), Izmir (50 UHNWIs), Antalya (40 UHNWIs) and Bursa (30 UHNWIs). Bursa, however, was the top performing city for UHNWIs, with numbers rising by 58% from 19 in 2007 to over 30 in 2012. View full report or Buy report