Feb 5, 2023

Reasons of Arab Attraction to Real Estate Investment in Turkey

Turkey is one of the most prominent countries in real estate investment, whether locally or internationally. Yet, with Arab investing in Turkey real estate we can say that Arab have the lion's share in the foreign investment in Turkey, where they account for nearly 30%, led by Gulf investors, especially Saudi citizens.

Turkey appears to Arabs as an attractive destination for real estate investment, as it combines the charm of history, tradition, and modern economic opportunities. The attraction of Arab investing in Turkey real estate investment reflects a strategic shift in investor preferences, and this is linked to several factors that make this country attract attention.

One of the most important reasons behind this attraction is the stability of the real estate market in Turkey and the sustainable strength of its economy. In addition to Turkey's cultural and geographical attractiveness, it offers advanced infrastructure and a strategic location between the European and Asian continents, in addition to stunning natural scenery.

This article will reveal the most important reasons and features of this growing attraction, including Arab investing in Turkey real estate, and how Turkey demonstrates a distinctive model of real estate investment that meets the expectations and needs of Arab investors.

• The quality of the Turkish economy

Many Arab are investing in Turkey because of the strength and stability of its economy, which ensures that investors, regardless their nationalities, will return their money with a great profit.

In addition to the quality of the Turkish economy, there is also its stability and non-vibration when other Arab real estate markets such as Egypt, Algeria and Tunisia were shaken during the Arab Spring revolutions and subsequent events. This is what makes Arabs investing in Turkey real estate and pump their money without fear at all.

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• Lower taxes

The value of real estate taxes in Turkey, whether value-added Tax (VAT) or other taxes, are so low which makes it is calculated among the marginal expenses. Thus the Turkish government decided to raise VAT on the property when the investor pays by foreign currency either dollar or euro. This attracts many investors to pump their money into the Turkish market.

• Turkish infrastructure

The Turkish Republic has a strong and interlocking infrastructure in terms of basic facilities such as electricity, water, gas or other facilities such as telecommunications, internet and public transportation services. This continuous development of this structure enhances economic attractiveness and provides a sustainable and favorable investment environment for investors. On the other hand, Arab investing in Turkey real estate because they find in Turkey the lifestyle of Europe, with its civilizational progress and strong infrastructure, along with their culture.

• Turkey's real estate market booms

The Turkish real estate market is characterized by prosperity and quality and is a fertile soil for local and foreign investments (especially from Arab investors) as it guarantees a good and satisfactory investment return for investors, preserves capital, and manages it in the wheel of the Turkish economy, which means greater production and consumption of services and goods. Thus creating a boom in the real estate market.

• Facilitating the procedures for property ownership of foreigners

One of the most important and influential reasons for Arab investors' attraction to the Turkish real estate market is the facilities that have been made with regard to the real estate purchase by foreigners, which are no different from the real estate ownership procedures of Turkish citizens except the costs of translating contracts and the presence of a Turkish translator with the investor, which are simple costs that cannot be considered to affect the purchasing decision of investors.

• Turkey's location, nature and customs

Turkey's location for Both Asia and Europe makes it an important tourist and commercial destination, which in turn affects the real estate market associated with both the previous mentioned factors in addition to its charming nature, green spaces and breathtaking views, including the Mediterranean and Black Sea, as well as its beautiful tourist cities such as Istanbul, Antalya, Bursa, Trabzon, Bodrom and other attractive places for tourism where real estate investment is guaranteed profit despite being a bit expensive, of course due to supply and demand.

In addition the majority of the Turkish people are Muslims which makes it close to the Arab customs and traditions.

• Facilities provided by the Turkish government

The Turkish government provides a lot of facilities that make real estate investment in Turkey attractive and eye-catching, for example, it grants citizenship to those who buy a property worth 400 thousand dollars or more, as well as the granting real estate residence permit in turn of buying a property that worth 200 thousand dollars. Noting that investors can apply for having the Turkish citizenship after having the real estate residence permit for five years.

• Properties that can be invested in Turkey

There are many types of real estate that can be invested in, but first it is necessary to determine the sector you want to invest in, whether tourism, commercial, educational or medical, then it becomes easy to compare the types of properties offered for investment including apartments, villas, houses or buildings.

• What makes the Turkish real estate market distinguish

The Turkish real estate market is one of the most prosperous and safe markets, so many Arab investors invest in it comfortably unlike other fluctuating investment markets such as the currency market, the stock exchange or the high-risk food and commodity trade which need experience and constant follow-up other than the real estate market.

All you need to start a real estate investment in Turkey is money, an investment plan to support carrying out your business, a little risk and a lot of patience to ensure the largest possible margin of profit.

It has become easy for anyone who wishes to invest their money to do so in the Turkish market simply, safely and satisfactorily.

If you would like to know more about real estate investment in Turkey and the best cities and regions to make the most profits, contact us via WhatsApp, here. He will contact you as soon as possible.

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