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With regards to the real estate market in
Turkey, the report noted that all indications
show it will continue to remain in the
forefront, thanks to its robust investment
plans and considerable potential and
incentives, including tax exemption for up
to 5 years starting in 2017. This is coupled
with a strong supply-demand mechanism
and highly attractive property investment
environment, according to the report.
Competitiveness levels will remain at
an all-time-high among GCC States and
Turkey, according to the report. The
UK realty market will keep its robust
appeal, speeding up competitiveness
among
all
these
countries.
The report pointed out that real estate
markets in the region still remain at the
required positive levels, rising between
1.53 per cent and 3.8 per cent in GCC
States. This, in turn, reflected positively
on the inflation rates resulting from
the fall in oil prices and decline in
investment liquidity, helping real estate
markets lure more foreign investments.
Mazaya Monthly Real Estate Report -
Week 2 - October 2016
The current inflation rates give the
region’s markets a fair long-term
investment advantage. Any additional
fall in oil prices, however, would drive
inflation rates up to a danger zone that
would necessitate additional austerity
measures over the coming year and the
years to come, the report pointed out.
The availability of investment options and
opportunities on world real estate markets
has strengthened quality and enhanced
competitiveness, said the report, adding
that integrated promotion and marketing
campaigns are needed to lure investors
into the Gulf region, consequently
stepping up competiveness levels.
The region’s markets enjoy real
estate diversity that is robust enough
to ensure a highly competitive
environment. Low mortgage interest
rates play a fundamental role in
enhancing local property market
attractiveness, thus wooing individual
investors to go for more mortgages.
The report concludes by underlining
the ability of Gulf markets to
accommodate diverse real estate
investments
at
the
residential,
commercial
or
tourism
levels.