These factors encouraged Qataris to own real estate in Turkey
Last Updated: 2023-07-27
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These are the reasons that encouraged Qataris to own real estate in Turkey
When we say Turkish real estate, this means that we will see a lot of people heading for this purpose from different international nationalities, and there is a great desire by Gulf investors in particular to invest in these investments for many reasons, features and secrets that lie within this investment. And if we search for the Gulf countries most willing to invest in this investment, we will find the Qatari state. Its desire for this ownership was not only because of the advantages that it will obtain from this investment, but for many other things that we will be keen to inform you about through this article.
What is the main objective of Qatar's pursuit of real estate ownership in the Turkish state?
There must be a clear and explicit reason why the Qatari state is in favor of investing its money in Turkey specifically, rather than all other countries around the world. If we want to speak more precisely, we will find that there are reasons for this desire and not just one reason. In the beginning, Qatar had a goal, which is to deepen its relationship with the government entity, so it chose to invest part of its money in the Turkish government sector. And this government investment is not limited to one field or one sector alone. There are many sectors and government fields in which Qatar participates, and most of its investments related to the government lie in the economic aspect, which is branched into many branches, the most important of which is the real estate sector. We have another reason that has the greatest focus and Qatar is particularly interested in it, which is the real estate investments that belong to the private sector. We have a lot of Qatari investors who like to own real estate for many purposes, some of which are residential, and others are investment and many other purposes. We must point out that the Qatari state has full powers to own the property it loves, whatever its type.
What is the percentage of Qataris owning Turkish real estate?
There are many questions that inquire about the percentage of real estate owned by Qatar in Turkey and whether it is stable or not? According to recent studies and data obtained on this subject, it was found that there is a clear and noticeable increase in Qatari real estate ownership in Turkey, especially in the past few years. This increase was estimated at nearly two hundred percent, and in a more accurate description of what we say, many years ago, Qatar was number 18 among foreign investors in Turkey in buying real estate, but at the present time, it holds the number 10, and this is a huge difference in one decade. If we look closely, we will find that Qatar obtained the percentage of ninety percent of all Gulf investments, and this is a very huge number. In recent years, for example, Qatar acquired Turkish real estate worth $36 billion after it had previously owned only $18 billion.
What are the properties that Qatari investors prefer to buy in Turkey?
It is true that they buy from all types of real estate in Turkey, but there must be a specific type that they prefer more than all other types. According to what is clear to us, Qatari investors like to buy palaces in Turkey in particular, but what is the reason for their preference for this type of real estate? To start with, it must be due to the great importance of these palaces, whether on the level of fame or on the historical level. Secondly, all the palaces in Turkey enjoy an excellent geographical and strategic position. In addition to the fact that these palaces will make its inhabitants live in a high level of luxury and sophistication, they give him everything he needs. Moreover, the palaces that lie on the Turkish lands are very exquisite designs to suit all tastes. We must mention that Qatar is one of the Gulf countries that compete with its Gulf peers to get the largest amount of palaces in Turkey. What helped the Qataris own these palaces is that these palaces have significantly decreased their financial value than they were previously. On the other hand, this ownership is considered by Qatar as an aid to the friendly Turkey in raising and developing its economy. Finally, we can say that thanks to the many facilities that Turkey offers in this regard, it plays a great role.
Is Qatari real estate investment and ownership in Turkey increasing or stabilizing?
The future of Qatari real estate investment and ownership in Turkey is very clear. First, there is a strong relationship between the two countries, and this relationship revolves around all political or economic levels. Secondly, what confirms this statement is the large amount recorded by Qatari tourists within Turkish territory, and automatically these tourists will need housing during their stay in Turkey. And also the Turkish government's cooperation with such projects and investments, its financial support and selling them in the country's official currency, after it was imposing their sale in foreign currencies.
The project of real estate ownership or investment in Turkey is a project of many dimensions and infinite. The more time passes, we see that it has evolved frighteningly. According to what is clear to us, the Gulf nationality is the pioneer in this matter, and Qatar has a distinct and different aspect than anything else. This Qatari turnout proves to us the extent of the success and distinction of this project in Turkey.
Edited by Mersat Real Estate Team ©
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