| Date: | Thursday, January 12, 2023 |
Turkey is a magnet for Arab and foreign investors, as there are many investment opportunities.
Arabs’ motives for buying a property in Turkey:
Turkey is a magnet for Arab and foreign investors, as it has many investment opportunities. A class of investors is concerned with working in the trade sector of all kinds, and others go towards the industrial sector, and the majority of Arab investors are attracted to investing in the real estate market in Turkey , and in particular they are looking for apartments for sale in European and Asian Istanbul. The question that arises is why Arabs are interested in buying apartments in Istanbul?
There are many reasons that drive Arabs to choose Turkey as a destination for real estate investment. In this article, we will discuss with you the most important of these factors:
1- The Turkish economy : Turkey's economy is strong and successful, and one of its most prominent features is its permanent growth periodically according to a well-thought-out plan by the Turkish government. The Turkish economy was able to achieve a high rate of growth among the members of the Organization for Economic Cooperation and Development (OECD).
It is worth mentioning that the Turkish economy is an economy based on its concept and plan on institutional work, which makes it maintain its permanent growth and stability.
2- The Turkish investment climate : The Turkish investment climate has been classified as the second largest investment climate subject to reforms and development among the OECD countries. The Turkish government also provides great facilities to Arab investors, which provides an encouraging work environment for the start, advancement and success of investment.
3- Infrastructure in Turkey: Turkey is characterized by a strong and constantly developing infrastructure in all fields. There are also modern and low-cost marine transport fields, in addition to rail transport that connects Central and Eastern Europe.
4- The important geographical location of Turkey in relation to the world : Turkey is considered a connecting center linking the eastern, western, northern and southern axes. It is a transit gateway to multiple markets around the world and is a bridge and corridor for energy transfer to Europe. Istanbul, in particular, has a strategic geographical location, as it is located on the continents of Europe and Asia and overlooks the most important straits, the Bosphorus Strait.
5- A huge construction market in Turkey : The Turkish construction sector is one of the most active and strongest construction sectors around the world. Therefore, Turkey attracts Arab investors who want to buy real estate in Istanbul and other Turkish cities on a large scale. Because the profitable return from real estate investment, whether it is the purchase of real estate under construction or ready-made real estate, is a good return and provides annual profits at high rates.
6- Cultural rapprochement : The cultural rapprochement between the Arab and Turkish society is one of the most important reasons that encourage the Arab investor to run his money in Turkey. Where Arabs and Turks combine many common customs and life details.
7- Profitable returns : Istanbul real estate provides the Arab investor with high and guaranteed profit returns, and with the multiplicity of types of real estate investment, the options are open to the investor. Where he can choose his destination commensurate with his investment portfolio. If he is looking for cheap apartments for sale in Istanbul , he will inevitably find his request. If the capital allocated for investment is high, he can go towards commercial real estate, which includes shops, office apartments, and hotel apartments. All of these properties provide high profitability returns.
In recent years, the city of Istanbul has witnessed a great turnout of Arabs to live and work there. Hundreds of Arab families have settled there, and the city has become an open and large market for various Arab markets. The ancient city was able to embrace the Arab immigrants and those looking for a better life. This was accompanied by the spread of Arab companies in it. With the recovery of the Turkish real estate market and the Arabs' tendency to invest and buy apartments in Istanbul , many Arab real estate companies have been opened, which provide services to Arab investors and businessmen. We at FCC Real Estate Group provide our valued customers with the best real estate services by our expert team in the Turkish real estate market. If you want to buy a property in Turkey, and are looking for an exceptional real estate opportunity, we are pleased to contact you to take your first steps towards a successful investment.
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