For these reasons, the Gulf people have invested in real estate in Turkey
Last Updated: 2023-07-27
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Gulf investment in real estate in Turkey
A lot of money owners around the world are now heading to buy real estate in Turkey, this great demand was not limited to certain nationalities or to specific people, but the door to buy real estate in Turkey was wide open to those who love, not only that, but there are many facilities that were provided by the Turkish government in order to make it easy for those who want to own property. Among the foreign nationals who own real estate in Turkey are the Gulf; You can see a lot of them in Turkey. But what are the reasons that motivate the Gulf people to buy real estate in Turkey? We will explain this in the next article.
What are the reasons for Gulf people buying real estate in Turkey:
First of all, they will receive many distinguished services from the company through which they purchased the property, for example, they will have insurance against earthquakes and natural disasters, and they will pay their full annual duties to the municipality, and this company will work to ensure that all services are available in their property such as water, electricity, gas, and other things, in addition to the fact that it will be responsible for the periodic maintenance and regular checks of the property so that it does not suffer serious damage in the event that a problem occurs and has not been noticed.
In addition to all of the previously mentioned services that they will receive, they will be accompanied by the fact that the Turkish state is a Muslim country in the first place, and this Islamic character makes it a suitable environment for Gulf nationals, as it is similar to their customs and traditions as well. Turkey was their choice after the collapse of the real estate market in many Arab countries such as Algeria, Iraq, Egypt and many other countries. At the same time when the real estate of Arab countries collapsed, the real estate market in Turkey was on a resounding rise that made Turkey a destination for Gulf investors in particular. We must mention that Turkey is a touristic place par excellence with all its climate factors and many distinct tourist destinations. In general, it is a suitable place for vacations and summer vacations.
What are the advantages that Gulf nationals will get from buying real estate in Turkey:
First, whoever invests in real estate in Turkey is definitely a winner because he will find a scientifically and technically qualified workforce to work for the invested person and through them his project will succeed and prosper, as they are the means to the success of the work.
Infrastructure is also technically advanced, which helps in the transmission of energy and communications. The railways also link Turkey with the East and Europe.
Thanks to this quality in the construction equipment, Turkey has connected the countries of the whole world. We must mention that Gulf investments in Turkey have not been affected by any political problems that occur in any of the countries, whether in Turkey or any of the Gulf countries. For example, the relations between Turkey and Qatar are very strong, despite all odds, and it is a successful and continuous relationship. Also, the relationship between Turkey and Saudi Arabia is at the height of its prosperity, and this strength in relations is especially evident in the economic field.
Why Gulf people are willing to buy real estate in Turkey in abundance and clear:
The volume of real estate purchased in Turkey by the Arab Gulf countries is so big that it has reached fantastic numbers. But the real reason for making it reach this number is the many factors that the Turkish state enjoys in the first place. For example, in the past, real estate ownership in Turkey for foreigners was difficult or impossible, but a few years ago the Turkish government issued many laws that simplified and made it easier for foreigners to own real estate in it, it even made real estate ownership on its land not associated with the condition of housing or stability, so the investor can acquire from its real estate whatever he wants and leave wherever he wants. And if we conduct a census on the amount controlled by the Gulf countries of the total volume of foreign investments, we will find that they take nearly thirty percent of the total volume invested by foreigners in Turkey.
Examples of the presence of some Gulf countries in Turkey in order to buy real estate in them:
Buying Turkish real estate by Bahrain and Kuwait:
Kuwaiti and Bahraini investments are considered among the few in Turkey. According to studies conducted on this matter, it was found that Kuwait has put only two billion US dollars in Turkish investment in recent times, and this is very little if we compare it to other Gulf countries. As for Bahrain, it has put only three hundred million dollars in its investments in Turkey, but this number, despite its smallness, constitutes a development as it is considered very high if we compare it with previous years.
What makes the Gulf people most excited about the idea of buying real estate in Turkey:
The types of investment that exist in Turkey are many and very diverse. First, the Gulf investor can buy Turkish real estate, as it is very suitable, its prices are reasonable and its quality is high. We must also point out that real estate in Turkey of all kinds has recently witnessed a clear decline in real estate prices, and this is an encouraging incentive to come and invest in it. In general, the investor in Turkey is free and has absolute powers to choose the property he wants. There are no restrictions imposed on him to choose one type or another. The Gulf people tend to buy real estate in Turkey for many reasons, and if we mentioned most of them, we could not know all of them, so it is enough that it is a successful project.
Edited by Mersat Real Estate Team©
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