Following recent developments in the Turkish real estate market, Arabs chose to buy real estate in Istanbul. The most notable of which was the Turkish government’s openness policy and the comprehensive facilities for foreign investors looking for property for sale in Istanbul or other Turkish cities.
What do the statistics say?
For the first half of 2019, the statistics show that this large sector continues to attract foreign buyers, mostly Arabs, who want to buy real estate in Istanbul. They also show that Iraqis are the foreigners who buy the most property in Turkey, and Istanbul was their number one choice. The Turkish Statistical Commission’s statistics have reported Istanbul’s squadron on the throne of the best-selling cities in Turkey, owing to its historical, geographical, touristic, and aesthetic significance, making it one of the world’s most significant cities.
Why did the Arabs choose Turkey?
The rapid and remarkable developments in the real estate sector have made investing in it an excellent opportunity for healthy and profitable investment. Low real estate prices in Turkey appeal to buyers more than other European capitals.
In the natural and social climate, Turkey was and continues to be a sister country for Arabs, where they found a new home that matched their customs, rituals, and way of life. The land’s fascinating nature, ancient history, and geographic diversity have provided Arabs with various options to pursue their goals.
A home from home
Because of the harsh conditions in many neighbouring Arab countries, Turkey has become a haven for them, thanks to its political and economic stability.
The new Turkish citizenship law, which allowed investors to acquire Turkish citizenship after purchasing real estate worth $250,000, positively affected the influx of Arab investors. Who hoped to benefit from the passport’s unique features.
Most popular locations in Istanbul
Istanbul has long been a sought-after destination for people from all walks of life. It comprises 39 provinces in the east and west, each with its advantages and services. The city’s affluent flock to the Bosphorus, where luxury neighbourhoods are close to the city centre, while others travel to other parts of the city.
It is of great strategic importance, as this area is one of the most critical urban transformation areas. It’s witnessing a large organization and urbanization waiting for the new metro line that is supposed to connect Esenyurt Square to the Basaksehir area. It’s the bestselling area for real estate in Istanbul and represents the second-best area for Arab housing after Fatih.
Overlooking the Sea of Marmara has recently become one of the most prominent areas intended for Arabs to live due to the availability of secure transportation and facilities and significant architectural competition with European cities. Many apartment buyers in Istanbul want to choose it as a peaceful and upmarket location at superb prices compared to the city centre because it is one of the Arab real estate market pioneers.
It’s one of Istanbul’s most prestigious neighbourhoods. It rose to popularity and prominence as a result of its proximity to the new Istanbul Airport. The construction of several residential projects and extensive, sophisticated properties appealed to the Arabs, and they agreed to live in this luxurious city. They found Arab and international schools, high-quality facilities, and unique housing.
A very close area to Basaksehir, it is distinguished by its proximity to the Istanbul Canal, a lovely area with many gardens and vast green spaces. It was covered by the recent wave of the urban renaissance that swept Istanbul, which is one of the most important cities for real estate investment. If you’re searching for apartments for sale in Istanbul through installments or cash, you’ll find what you’re looking for in this location.