Highlighting the interest in Istanbul property amongst investors from the Middle East, the Turkish-Gulf Real Estate Congress and Exhibition kicked off in Istanbul on 5th December.
Under the patronage of Turkish Minister of Environment and Urban Planning Erdogan Bayraktar, the event featured a large number of Turkish property developers and lenders, with the aim of luring Gulf investors to explore investment opportunities in Turkey.
An alliance between heavyweight Gulf and Turkish real estate investors was launched at the event, when the two parties unveiled a new package of joint real estate ventures with a total value of $5 billion.
The four-day event hosted a number of daily workshops and seminars. Over 100 companies participated in the 2013 event, as well as various banks that specialize in loans and mortgage solutions to provide financial services to potential investors.
Organized by Daleel Turkyia Group for Real Estate and Development, in strategically partnership with CNR, the exhibition provides a platform for real estate and investment entities to display investment opportunities and shed light on tourism projects currently under implementation in Turkey. A number of key government personnel will also attend the inauguration from Turkey and Saudi Arabia.
Last year’s hosting of the Annual Turkish Gulf Congress for Real Estate and Development achieved significant successes and was attended by more than 300 businesspersons and investors from Saudi Arabia and the Gulf region.
In 2012, Turkey changed its law to give Saudi and Gulf nationals full rights to own real estate in the country. This has led to an increase in Saudi investors, who comprise the largest group of Gulf investors in Turkey.
Contact property specialist Spot Blue for more information on buying property in Istanbul and popular resorts in Turkey: https://www.spotblue.com/, +44 (0) 20 8339 6036.