Real Estate Investment in Turkey and the Gulf States; Advantages and Differences
Last Updated: 2023-07-27
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Real Estate Investment in Turkey and the Gulf States; Advantages and Differences
The real estate investment sector is the infrastructure cornerstone of any country in the world, also it is a major component and effective in the local economy of any Arab or foreign country. However, in this article, we will specifically talk about real estate investment in Turkey and the Gulf States, and discuss both of them separately and specifically, so continue to read.
Real Estate Investment in Turkey:
Various statistics indicate that the real estate investment sector in Turkey is one of the greatest economic activities that has made fortune for Turkey's most prominent and largest investors, and this sector has proven to be a suitable option for fundraising and is one of the most important factors affecting the both local and global Turkish economy. Nowadays, investors from all over the world are coming to start their investment projects in Turkey.
Various statistics indicate that the real estate investment sector in Turkey is one of the greatest economic activities that has made fortune for Turkey's most prominent and largest investors, and this sector has proven to be a suitable option for fundraising and is one of the most important factors affecting the both local and global Turkish economy. Nowadays, investors from all over the world are coming to start their investment projects in Turkey.
Turkey's strong economic revival is attributed to many factors and reasons that increase the height of investment activities, the most prominent of these factors and items are:
Turkey's Strong Economy:
The Turkish economy is characterized by strength, robustness and self-sustaining in the midst of all local and global economic crises and ordeals, as this is what happened in the light of the COVID-19 pandemic outbreak in the world, where real estate investment projects did not stop but continued to progress and advancing. Moreover, further prosperity and development by 10% and more is expected by the end of this year.
Turkey's Estate Investment Sector Governmental Support:
The Turkish Government is aware of the importance of promoting and constantly developing the investment in Turkey, due to its active role in growing the rest of the economy sectors, thereby continuing the growth of the Turkish economy and constantly achieving qualitative leaps forward.
That is why the Turkish Government offers a lot of facilities such as reducing real estate fees and taxes for foreign investors, and one of the most important supports provided is the granting of Turkish Citizenship through real estate investment and the purchase of property in Turkey for US$250,000 or its equivalent to the exchange rate of the United States dollar at the time.
You can also obtain Turkish Citizenship within a short period of up to 3 months with the help of companies and real estate offices, also you can buy the property you want, such as apartments for sale in Turkey, homes for sale in Turkey, villas for sale in Turkey, land, or whatever, due to Turkey's real estate market diversity and richness.
The Turkish Government is aware of the importance of promoting and constantly developing the investment in Turkey, due to its active role in growing the rest of the economy sectors, thereby continuing the growth of the Turkish economy and constantly achieving qualitative leaps forward.
That is why the Turkish Government offers a lot of facilities such as reducing real estate fees and taxes for foreign investors, and one of the most important supports provided is the granting of Turkish Citizenship through real estate investment and the purchase of property in Turkey for US$250,000 or its equivalent to the exchange rate of the United States dollar at the time.
You can also obtain Turkish Citizenship within a short period of up to 3 months with the help of companies and real estate offices, also you can buy the property you want, such as apartments for sale in Turkey, homes for sale in Turkey, villas for sale in Turkey, land, or whatever, due to Turkey's real estate market diversity and richness.
The Competitive Real Estate Prices in Turkey:
The competitive and cheap real estate prices in Turkey is one of the factors that attracts large real estate investments and the foreign and Arab investors, where real estate prices in Turkey indicate relatively low values compared to property prices in the Gulf States or in European countries. In addition to the standard specifications and appropriate features that are peculiar to Turkey's real estate, as well as the competitive prices.
The competitive and cheap real estate prices in Turkey is one of the factors that attracts large real estate investments and the foreign and Arab investors, where real estate prices in Turkey indicate relatively low values compared to property prices in the Gulf States or in European countries. In addition to the standard specifications and appropriate features that are peculiar to Turkey's real estate, as well as the competitive prices.
Tourism Potentials Enjoyed by most Turkey's Provinces and Their Direct Impact on Real Estate Investment:
Turkey is one of the most important tourist countries in the world, characterized by its heritage, urbanization and development at the same time. So, investors come from far and wide to see both natural and historical sights and tourist areas.
We also know that real estate investments are closely related to the tourism sector of any country, that is why tourism potentials directly affect the development of real estate in Turkey.
Turkey is one of the most important tourist countries in the world, characterized by its heritage, urbanization and development at the same time. So, investors come from far and wide to see both natural and historical sights and tourist areas.
We also know that real estate investments are closely related to the tourism sector of any country, that is why tourism potentials directly affect the development of real estate in Turkey.
What about Real Estate Investment in the Gulf States?
The Gulf States need no introduction, as they are famous all over the world in the field of real estate investment, tourism investments, industries and all other economic activities.
However, investment and real estate activities began to deteriorate not long ago, as most real estate investors chose to get away from real estate investment projects in the Gulf States and turn attention to more effective projects due to the real estate sector recession and the restriction that is taking place, which threatens the investor to lose his money.
Recent statistics indicate that real estate prices are increasing in the Gulf States, which has increased the investors' reluctance, regardless of their nationality. As there are other investment environments, better, cheaper and more competitive prices in many countries such as Europe or Turkey.
The lack of demand for real estate in the Gulf States' real estate investment market has led to a continued property downturn and a deterioration in the real estate market, thus losing more than a third of its value globally.
The lack of demand for real estate in the Gulf States' real estate investment market has led to a continued property downturn and a deterioration in the real estate market, thus losing more than a third of its value globally.
Obviously, there are more reasons why real estate investors are reluctant to invest in real estate in the Gulf States, which is the high and expensive cost of living, so to speak, especially when comparing these costs to other countries' costs such as Turkey and other countries.
In terms of investment return under these recent circumstances, it was very little value compared to the cost of living and invested capital.
In addition to the harsh and very hot climate in the Gulf States, which also plays an important role in pushing residents and investors to change their investment and living accommodation.
In terms of investment return under these recent circumstances, it was very little value compared to the cost of living and invested capital.
In addition to the harsh and very hot climate in the Gulf States, which also plays an important role in pushing residents and investors to change their investment and living accommodation.
Through these above-mentioned features, we can simply explain why Turkey's real estate investment sector outperforms the real estate investment sector in the Gulf States and other countries.
We recommend you to recourse to real estate investment companies and real estate offices if you want to purchase real estate in Turkey and establish your investment projects there.
We recommend you to recourse to real estate investment companies and real estate offices if you want to purchase real estate in Turkey and establish your investment projects there.
Our real estate company offers you the latest property offers and developments that Arab and foreign investors are looking for, to establish their projects and real estate investments in Turkey, by purchasing and investing in apartments, villas, lands, or houses in different Turkish cities.
Our company also provides you assistance and help in transactions completion, papers and required official documents, in order to own real estate and the transfer of title. Hence, obtaining a real estate residence permit in Turkey and providing appropriate properties to obtain Turkish citizenship, through real estate investment in Turkey within a short period of time.
We perform the tasks, plans and implementing projects depending on our outstanding team with a rich and long experience in real estate investment in Turkey, and the close relationship with all real estate agents in Turkey and abroad.
Do not hesitate to visit our company headquarters and ask for real estate services and consultancy during official working hours.
You can also visit our official website any time you wish.
You can also visit our official website any time you wish.
Edited by Mersat Real Estate Team ©
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