Middle Eastern investors have developed a taste for Turkey. ArabianBusiness.com reports on recently released figures by real estate information outfit Reidin which shows that foreign property investment in the nation from Gulf Cooperation Council buyers is up 500% since 2012 when Turkish laws governing foreign investment were relaxed. More:Bullish on Istanbul Gulf region buyers embraced the new real estate opportunity, and have accounted for 24% of all foreign property investment in Turkey since the law change. The publication points cultural and religious ties between the Gulf Cooperation Council countries and Turkey, as well as their growing economic alliances, as further fuel behind the property investment uptick. [ArabianBusiness.com]View full listing (pictured top)
Gulf Cooperation Council Have Increased Investment in Turkish Real Estate
Since 2012, buyers from the GCC countries have accounted for about a quarter of foreign property sales
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