Investment is risk capital, and huge real estate investment requires huge capital, but when it is in a country with a growing economy, especially in the real estate sector fraught with guarantee laws, incentive measures and a healthy environment that encourages investors to invest in real estate in Turkey, not only with the lowest risk, but with a very high profit margin This will constitute an element of secure attraction for the capital generated in the Arab Gulf region due to the economic prosperity enjoyed by the countries of the region, and these funds found an outlet for them and a healthy investment environment in Turkey, which led to the growth of Kuwaiti investments within the Turkish real estate market.
Reasons for Kuwaitis’ investments in the Turkish real estate market
1 - Turkey’s location in relation to the Arabian Gulf and the beauty of its captivating nature is a reality, especially for important countries, making it one of the main options for the Kuwaiti citizen to invest his money within the Turkish real estate market, as it enjoys beautiful landscapes and mild weather most of the year, in addition to its proximity to the Arab Gulf region because it is not far Only three hours by plane.
2 - Turkey was and still has the potential to attract investors; From the clear legal and legislative environment set by the Turkish government to encourage real estate investment on its lands, in addition to the great security and political stability prevailing in the country, knowing that the Kuwaiti investor has become more aware than before with regard to real estate investment, whether inside or outside Turkey, as he is looking for government projects that It is implemented with guarantees from the Turkish government, especially since there are those who see that the fall in the exchange rate of the Turkish lira represents a great opportunity for real estate ownership.
3 - All world markets are currently suffering from a decline in real estate ownership operations and a slowdown in real estate investment decision-making due to global economic and political turmoil, but Turkey is considered one of the least volatile markets, especially in light of the factors mentioned above.
4 - The financial solvency enjoyed by the Kuwaiti investor, which makes him have an abundance of cash to pump and invest it within the Turkish real estate market, which has recently realized with indicators, evidence and numbers that it is the definitely winning option.
5 - Real estate prices in Turkey within the Turkish real estate market are still cheaper than their counterparts in the neighboring European market, so why should the Kuwaiti investor resort to investing his money in other countries, if the Kuwaitis' investments in the Turkish real estate market shorten their costs.
6 - The administrative advantages granted by the Turkish government to real estate investors from obtaining real estate residency to Turkish citizenship for those who wish.
7 - Although the State of Kuwait does not allow Turkish citizens to own real estate on its lands, the Turkish government did not treat them reciprocally. Rather, it looked at the country’s economic interest in attracting Gulf capital to the Turkish real estate market and the role of this in its development and prosperity, with the establishment of controls and legislation that it deems appropriate with Its long-term strategic vision.
Benefits of real estate investment in Turkish lira
- All the information that there are several factors that control the severity of the change in the exchange rate of the Turkish lira and thus the slight impact of real estate prices in the Turkish real estate market gives you a positive indication that buying a property in Turkish lira is better.
- Buying a property in Turkish lira is better than buying it in US dollars, but it is not always better. When the value of the Turkish lira gradually declines (the exchange rate rises), buying the property in Turkish lira in this case is better than the US dollar, while in the opposite case when the Turkish lira recovers The higher its value, it is better to buy the property in US dollars.
- The buyer of the property in Turkish lira can continue the process of saving in the price of the property. At the beginning of the project, the investor needs financing to complete the project stages, and here the buyer can intervene and obtain offers.
- Participation in project financing, even in Turkish lira, requires a trust factor guarantor that the project will continue. The Turkish Military Housing Corporation is considered the strong guarantor of financing real estate projects and completing them in Turkish lira.
Return on real estate investment in Turkey
The return on investment is defined as the ratio of the profit earned by the investor to the total cost after excluding all the costs associated with the investment process. These costs are the ones that directly affect the calculation of the rate of return as they include maintenance, repair, rehabilitation, modern designs and all additions and accessories, in addition to a very important aspect which is If the financing of the purchase is direct or indirect through loans, where the interest rate intervenes, In any case, and in light of all the fluctuations that any economy in the world is exposed to, real estate investment, especially in Turkey, remains fast recovering and reaps huge profits for investors in this sector, regardless of the type of investment in the commercial or residential field, and you can easily notice the huge volume of sales and purchases of real estate As well as the large number of economic, commercial and residential projects in Turkey with the availability of appropriate conditions from the infrastructure to the transportation network, ending with the various geographical locations in the heart of the city or in the suburbs, according to the type of project. These projects are accomplished by huge, ancient and well-known companies globally
Kuwaitis are no longer traveling to Turkey for the purpose of tourism or vacation only, but a large segment of them have become owners of real estate to live there, According to the data of the Turkish Statistics Institution, Kuwaitis ranked fifth in the Gulf and third in the Arab world among real estate buyers in the Turkish real estate market for two years in a row. Kuwaitis own different residential properties between villas, houses and apartments in various tourist areas in Turkey. It has a significant impact on the economic recovery of the real estate sector in Turkey. In return, Kuwaiti investors benefit from the guaranteed profits resulting from the real estate investment process in Turkey.
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