The economic crisis that has gripped most of the nations of the world has had a direct effect on the costs of real estate. In most of the nations, investors in the real estate sector have become so concerned about the situation that they have pulled out their investments and are seeking other markets to invest their cash into, which are comparatively safe and will not be unstable.
The most remarkable cases of this trend is found in European nations that have by far been the hardest hit by the chaos that was economic. This nation is Turkey, whose market has withstood the challenges posed by this economical meltdown along with the real estate in Turkey has even benefitted from it.
With all the real estate investors in other countries of Europe looking for a safe haven for investing their money, the stable economy and its particular booming real-estate sector in Turkey became a beacon for hope. This chance to get their cash in buying Turkey property was taken by the foreign investors. On the other hand, the dwelling permit they were prohibited by rules of Turkey from staying in the nation for more than three months. This allowed the foreign investors to spend additional time in the country, thereby providing them the ability to purchase real estate properties with no problems in Turkey.
These measures of the Turkish government have paved the way to get an onslaught of foreign investment which has taken on the previous records in an issue of months and this trend will probably go up in the forseeable future as the economic turmoil continues in other areas of Europe.
The Function of Arabs
Aside from the European investors becoming interested in investing money the Arab investors too have found a liking for Turkey real estate of late. The Arab rebellion has created a dynamic shift in the market of the area and investors have started looking for states where they may safely invest their money in. With most of the Arab nations having had uprisings, the Arab people are becoming liberated and their new found rights have prompted them to buy properties in foreign countries. Initially, the very best marketplace about them to purchase properties was Dubai in the UAE. Yet, in an extremely short time period, Turkey also has emerged as an important player in this economical action. The relaxation of visa laws and the residency permit have encouraged firms in GCC Arab investors to buy real estate in Turkey. This has ensured even more foreign investment in the real-estate sector of Turkey as well as the nation is experiencing a real shift in its market.
Developers and the real-estate businesses of Turkey are very excited to see the Turkish authorities providing them a chance to get investment. Most of the businesses have praised the Turkish regime as well as their commitment to make the nation’s economy and have gone on record a beacon of hope for all the men and women on the planet. However, they are interested in having the authorities to further lower the constraints which can be employed on foreigners coming to the nation. It’s their idea that the stay period for the foreigners needs to the rose from just 3 months to ten years to at least 5. The planned change in laws is going to help Turkey in alluring more investors to come here and purchase properties bringing with them new opportunities of business at the same time.