Qatari investments in real estate in Turkey

Many Qataris are seeking to invest in real estate in Turkey, and for the importance of this topic, the editorial team at TUR PROPERTY Real Estate will provide you through this article with many important details related to this aspect.

We hope you have an enjoyable reading.

Qatari investments in Turkey:

During the last five years, Turkey recorded the entry of thousands of investors from the Arab Gulf states or countries experiencing political and security crises, as they made major investments in the fields of finance, banking, tourism, trade, and perhaps the most prominent areas in which Arab investors invested in the real estate sector.

All recent reports issued by the Turkish Statistical Institute indicate the remarkable rise of Arab countries in all transactions of purchasing various types of real estate "villas, apartments, hotels, shops, offices...etc" in Turkey during the last four years.

Qataris are at the forefront of Arab investors in the real estate market in Turkey in general and the luxurious ones in particular, due to the great development witnessed by the Turkish-Qatari economic relations, especially during the last five years.

Where it ranked second in terms of the volume of investments in Turkey, where the volume of direct investment amounted to 22 billion dollars in 2019 AD

Qatari businessmen are active in the real estate sector in Turkey, and many of them prefer to invest by buying real estate, land and hotels in several Turkish states, and there are about 200 Qatari companies in Turkey.

The distinguished Turkish-Qatari relations, especially in recent years, have prompted Qatari investors to enter the real estate market in Turkey because of its strategic location between the continents of Europe and Asia. Qataris now prefer to buy real estate in Istanbul, in addition to the cities of Yalova and Sapanca.

Qatari investors also acquired large areas of land adjacent to the third Istanbul Water Canal project, thanks to the size of the facilities provided by the Turkish government to Qataris wishing to enter its markets.

According to data from Qatar Capital Center, one of the leading financial and commercial centers in the region, Qatar will provide $7 billion as part of a support package for the Turkish real estate sector.

Qatari direct investments also include the purchase of real estate, including stately mansions on the banks of the Bosphorus as well as land on the Canal Istanbul road, an artificial waterway planned to connect the Black Sea, and the Sea of ​​Marmara.

The report also revealed that Arabs are still buying into the Turkish real estate market, according to the monthly housing figures of the Turkish Statistical Institute during the period from 2015 to 2021.

All monthly housing reports issued by the Turkish Statistical Institute indicate a remarkable progress for the Gulf countries, especially the Qatari ones, in all transactions of purchasing various types of real estate "villas, apartments, hotels, shops, offices...etc" in Turkey during the last four years.

With regard to foreign direct investments in Turkey, the Turkish Central Bank estimated that the Arab Gulf countries, led by Qatar, received an estimated share of 9 percent of the total direct investments in Turkey, which amounted to 133 billion dollars since 2018.

Motives for investing in real estate in Turkey:

In your opinion, what are the reasons that motivate Qataris to invest in real estate in Turkey, apart from other countries in the world?

Through the following paragraphs, you can see everything related to this topic in detail:

1- Possibility of obtaining citizenship:

Turkish citizenship is one of the most important incentives that encourage real estate investment in Turkey, as once the property is worth 400 thousand US dollars or more, it is appropriate to apply for Turkish citizenship, which is considered one of the most important nationalities in the world at all due to the many advantages that its holder can obtain. .

2- Applying for a real estate residence permit:

It is also possible to obtain a real estate residence permit in Turkey, which is considered one of the most important types of residence permits in Turkey at all, as it provides its holder with many important privileges such as staying legally in Turkey and granting it to all family members.

It is easy to obtain real estate residency, as the price of the property must be at least 75,000 US dollars, and it must be specifically designated for housing.

3- An important investment opportunity:

It cannot be overlooked that real estate in Turkey is a wonderful field for real estate investment, through which it is possible to obtain a lot of real estate profits, especially during the tourist seasons, where the demand of tourists increases tremendously in order to visit the many important historical and archaeological places in Turkey.

In order to obtain high profits, we advise you to choose a good location for the property, as it is recommended to be close to tourist attractions and strategic projects, as this type of real estate is constantly increasing in price as a natural result of the high demand for it.

4- Government facilities:

• The Turkish government did not hesitate to provide all the facilities that the foreign buyer is looking for and needs, and the most important things it provided are:
• Tax cuts that opened up wide areas for them to get high profits.
• Exemption from value added tax.
• The real estate appraisal document that guarantees the buyer that he will not be a victim of real estate fraud because it accurately determines the value of the property.
• Ease of procedures for buying and owning real estate within government departments.

Certainly, there are more factors that encourage Qataris to invest in real estate in Turkey, the most prominent of which are the friendly relations that bring together the two countries at the political and economic levels, and in the scope of commercial exchange relations. All of this supported the position of the Qataris and encouraged them to buy and own real estate in Turkey, especially after Turkey abolished the principle of reciprocity and foreigners can own property in Turkey without restrictions.

Now you have a clear and sufficient perception of everything related to Qatari investment in real estate in Turkey. We hope that we have answered your various questions. If there are more inquiries, you can visit our website constantly to monitor the latest news of the real estate market in Turkey and to view the most important statistics.

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