By DailySabah News
Turkey Expo by Qatar in Doha featured the high demand of Qatari investors in leading Turkish housing projects and expedited the sales process of real estate properties from the investors in the Gulf nation
Turkey Expo by Qatar, the biggest fair introducing Turkish companies to Gulf countries, saw over 100 Turkish companies operating in various sectors, particularly real estate, showcase their products and projects during the event.
On Friday, the last day of the three-day fair, representatives of the Turkish real estate sector introduced their products to Qatari investors and were satisfied with the interest they generated in the process.
Ahmet Oğulbalı, sales and lease manager of Emlak Konut Real Estate Investment Trust (REIT), which attended the expo for the third time, said demand was quite high even though the event only showcased construction products.
Oğulbalı said that they appealed to both Qatari and Turkish citizens living in Qatar. “We are in talks with many Qatari and Turkish customers in this context,” he noted. “Actually, we have received more interest than we expected. People like the projects in Turkey very much and want to purchase them for investment purposes.”
The Turkish property market enjoyed a buoyant year in sales to foreigners last year, breaking all-time monthly records, particularly in the last quarter. Legislative amendments that eased citizenship with investment limits for foreigners, campaigns launched by real estate developers and banks and spiking foreign currency brought an annual record – a 78.4 percent increase in 2018 compared to the previous year. According to Turkish Statistical Institute (TurkStat) data, 39,663 properties were sold to foreign investors last year – the highest number ever. In 2017, foreigners bought 22,234 units
