Wealthy Arabs generally can pay between $2 million to $30 million for luxury houses in top locations in Istanbul, whereas remaining Arabs look to spend between $70.000 and $250,000 for residence projects in outskirts of Istanbul.
One of the main reasons; ‘’Cultural Similarity ‘’ between Turkey and Arab countries and other religious connections play an important role for Arab buyers when deciding which country to invest in. Especially Turkish soap operas widely watched and followed in Middle Eastern countries also attract many wealthy Arab investors looking for luxury here. The country’s economic and political stability also encourages investors to consider Turkey for new investments.
Total Arab investments in Turkey totalled $10.6 billion last year as Arab’s looked to the Turkish real estate market to invest money in with a view to make a healthy profit.
No comments:
Post a Comment