Reasons for increasing Saudi ownership of real estate in Turkey
Last Updated: 2023-07-27Saudis own real estate in Turkey
Real estate in Turkey is one of the most important locations that attract major investors, from various countries and different nationalities.., and it has been noticed recently that Saudis are buying real estate in Turkey . Of course, there are a lot of public ingredients that abound in real estate in Turkey, which attracts huge capitals.
But the question here is, why the Saudis specifically? And what are the numbers achieved by the Saudis in the field of Turkish real estate investment so far?
The passion of Saudis to obtain real estate in Turkey has increased a lot , and Saudi citizenship has achieved the second place in terms of the most foreign nationalities owning real estate in Turkey , and the number of Saudi companies investing in the real estate sector in Turkey is about four hundred companies .
What are the components of Turkey's real estate that contributed to attracting Saudi investments ?
At the forefront of the ingredients is the distinguished government support for the Turkish real estate sector, which is manifested in reducing taxes, and providing many decisions and facilities, we mention one of the most attractive laws, the law on granting Turkish citizenship to foreigners through real estate investment in Turkey, within specific items.
As for the natural components, the strategic location of Turkish real estate, its extension over the continents of Asia and Europe, and the environmental and geographical diversity ... In addition to the abundance of tourist attractions and monuments, picturesque landscapes, wonderful sea views, ancient culture and civilizations, Islamic environment ... In addition to the strong Turkish economy, which was able to withstand many crises and historical turns. and solid infrastructure. .
What are the properties that Saudis have the right to own in Turkey?
According to the issued government decisions, facilities and tax reduction that included investors of Saudi nationality, Saudi investors have the right to own all types of real estate in Turkey from houses, villas, apartments, hotels, lands, complexes, shops etc.
Therefore, we find a diversity in the investment projects established by the Saudis in Turkey.
What are the reasons for the increase in Saudi ownership of real estate in Turkey?
Saudi Arabia and Turkey have a strong economic relationship, and both countries seek to achieve renaissance at all levels, including real estate, and to achieve all common interests ... Also, the collapse of the economic situation in several countries in the Middle East where Saudis used to go to establish real estate investment projects, such as Lebanon and Egypt, led the Saudis to go to another country. Is there anything more suitable than Turkey? ... Turkey has provided a lot of facilities, inducements and incentives to investors , its economic and real estate markets have been very flexible to serve customers of different nationalities .
The virtue of real estate in facilitating real estate investments
Do not forget to mention the role of real estate companies is very important, in the march of Saudi real estate investments in Turkey, it has been the best future, guide and guide, and provided a lot of different services and tasks, with the help of the best expertise, and the most skilled specialists in the field of real estate and construction. In addition, a very strong network of relationships serves in the completion of any document or urgent transaction.
In the midst of all the factors and distinctive components of the Turkish real estate market, the Saudis worked to exploit these advantages, and direct their attention and investments to them ... Which benefited Saudi investors and led to an increase in their profits and several other things. As for Turkish real estate. Saudi investments have contributed to raising its level and prosperity.
Editorial Mersat Real Estate Team©
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