Reasons pushed Arabs to enter the world of real estate investment in Turkey
Last Updated: 2023-07-27
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Reasons pushed Arabs to enter the world of real estate investment in Turkey
Turkey, with its beautiful nature, development and modernity, is a distinctive destination for Arabs from all countries as tourists and visitors. But this was not limited to tourism only, but Turkey has become one of the countries that attract Arabs to invest and own real estate as well. Where statistics indicate an increase in the proportion of foreign investment in Turkey and its rise by 24% over the previous year, and the Iraqis came in the forefront, while the second place was for the Saudis. This, of course, raises an important question, which is "what are the factors that attract Arabs and push them to invest in real estate in Turkey?
" Well, this article will answer it and we will review the most important reasons and factors that made it a dream for all Arabs to own an apartment in Turkey.
The real estate field is one of the distinguished areas of investment:
It is noticeable that sales of real estate and apartments in Turkey are steadily increasing. In 2008, about 427,000 properties were sold in Turkey, but now more than one million properties are sold annually. This indicates the prosperity of this field in Turkey, as the demand for real estate exceeds supply, and this contributes to raising prices and increasing interest, especially in large cities such as Istanbul.
Infrastructure for Arabs in Turkey:
What made it easier for Arabs to invest in Turkey and own real estate in it is the presence of many Arabic-speaking employees in the tourism fields, so they can learn more about the environment there and understand the nature of the country. And the matter is not limited to the field of tourism, but there are also many real estate agents and real estate offices that speak Arabic, as well as a large number of Arab lawyers, which contributes to giving Arabs a golden opportunity to facilitate exchanges and official papers. And we do not stop here, but there are also many Arabic-speaking architects and interior designers, all of this makes it easier for Arabs to get the best apartments in Turkey as well as real estate according to their taste and need, and also contributes to promoting cultural and social integration between different segments of society.
Charming pleasant climate and green spaces:
It is known that Turkey occupies an area of 783,000 square kilometers and throws its edges on both continents, Asia and Europe, and this has contributed to giving it a distinct and different Mediterranean climate, where we note the multiplicity of climatic patterns and terrain, to find the sea, the mountain and the plain, which makes it like a painting full of colors and full of details. Of course, this had a great impact on investment in Turkey by the Arabs, so most of them preferred to buy a house in Turkey to use as a tourist destination for a special vacation and at the same time they could benefit from it for the rest of the year by renting it to other residents The Arabs believe in that benefit and happiness at the same time, isn't that wonderful? As long as we talk about the charming nature of Turkey, we can only mention that it occupies an advanced position among the best tourist travel destinations, as it received at the beginning of 2019 more than 30 million foreign tourists and the numbers are increasing.
Transportation in Turkey, infrastructure and services:
Due to its unique location between Asia and Europe, Turkey is one of the most important links for many countries on its way to the Far East as well as to the two continents mentioned above. Turkey has a rich and diverse transportation network, land, sea and air, which has attracted Arabs. There is nothing more beautiful than the availability of all those modes that give modern life ease and speed, and we mention among those modes: taxis, trams, metro, metrobus and buses of different sizes. Of course, we do not need to mention Istanbul's new airport, which is the largest airport in the world and receives many flights daily, forming the beating heart of transportation and global Turkish relations. As it is known, Turkey is rich in all service facilities such as schools, health centers, universities, and gardens, and all of this constitutes an important reason for choosing it as a place to settle and buy an apartment in Turkey. Here, we note that Turkey has topped the world's countries in terms of government and private investments related to infrastructure, which is positively reflected on the quality of life and thus on investment in Turkey by Arabs and foreigners in general.
Real estate prices in Turkey:
When looking at real estate prices in Turkey, we will find that they are still below their real value, which prompts Arabs to invest in this region and give it preference over other countries. In Istanbul, which is one of the newest, most modern and beautiful cities, anyone can buy a house with a value of 100,000 USD on the plan with an excellent geographical location, a good area and a wonderful investment, as its value increases by 30% when it is ready, and this cannot be obtained in cities other than Istanbul, and therefore We find the Arabs prefer Turkey and make it a destination for their future investment projects. The American Times magazine reported that real estate prices in Turkey are still 50 to 60 percent lower than their prices in Eastern Europe, and 80 to 90 percent of their prices in Western Europe, thus ensuring the purchase of apartments of the same quality at a lower price, isn't that what we all wish?
Obtaining Turkish citizenship:
The Turkish government has encouraged foreigners to invest in it through the possibility of granting them Turkish citizenship when buying a property worth 250 thousand dollars, provided that they do not sell it for three years. Of course, this constituted a real attraction for Arab and foreign businessmen and investors who are interested in obtaining Turkish citizenship, as well as the Turkish passport and its many advantages, in addition to the presence of trade treaties between Europe and Turkey that provide facilities and benefits for holders of Turkish citizenship.
We do not forget the benefit of the Turkish passport in granting it the right to enter 72 countries around the world without a visa, which solves many problems that Arab investors may encounter.
After mentioning all these reasons, we find that Turkey continues to possess the thinking and interest of all Arabs with all these cultural, economic and technological advantages, and there is no doubt that it is the best option for a comfortable and prosperous life.
Edited by Mersat Real Estate ©
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