Iraqis and buying real estate in Turkey
Turkey has recently become an important center to attract those wishing to invest in real estate from different parts of the world, as there are many people of different nationalities who wish to enter the real estate market in Turkey and work experience in it and the matter is not limited to foreign investors, but extends to include investors from Arab countries, as many Arabs find in Turkey an ideal place to buy a property, or they strongly prefer to buy an apartment in Turkey, and one of these Arab nationalities is Iraqis, as Iraqis formed a large part of the past period of investors in Turkey and they worked strongly to strengthen The real estate investment sector in Turkey has become a significant contributor to the real estate market in Turkey to a degree that requires detailing the issue of Iraqis and buying real estate in Turkey.
Perhaps the great involvement of the Iraqis in the real estate market in Turkey is due to the instability and volatility of the situation in Iraq, and the accompanying deterioration of the economic situation in Iraq, which led to the creation of a need for these Iraqi investors to search for a safer and more stable place to start their investments. In it, Turkey was an ideal choice due to several factors, including Turkey's possession of various types of real estate and the stability and safety enjoyed by this country, not to mention the severity of Turkey's geographical proximity to the Arab countries on the one hand, as well as its many characteristics of Arab societies, their customs and traditions, as a result of this geographical proximity. On the one hand, and for the intermingling of cultures and civilizations since ancient times between Turkey and its Arab neighbors, which made it an ideal refuge for these Iraqi investors.
It also helped to make the idea of real estate investment in Turkey more popular for Iraqi investors, the presence of real estate websites on the Internet, which made it very easy for them to access information and details regarding real estate market matters in Turkey or buying an apartment in Turkey and other related matters. On the subject of real estate investment in Turkey.
In the context of talking about the motives of Iraqis and buying real estate in Turkey, a set of factors can be drawn that strengthened this issue and pushed Iraqi investors to resort to Turkey as a place for their investments and to buy real estate with all of the following:
First
There is no denying the fact that the economic and social collapse the situation in Iraq has reached as a result of insecurity and security has been one of the strongest reasons that pushed Iraqi investors to think of real estate investment in Turkey and to think about the issue of buying an apartment in Turkey.
As the situation in Iraq has started to deteriorate since the year 2003 as a result of the war that broke out at that time and because of the economic consequences of this war on Iraq, not to mention the social problems that accompanied it among the Iraqi citizens and the sectarian discrimination that this treacherous war woke up. These things together formed. A strong reason pushed Iraqi citizens to leave their country and flee in search of a safer and more stable place, whether to live in it or to transfer their capital to it to preserve it, as it is no secret that real estate investment needs a firm foundation on which it is based, and perhaps this is one of the most important characteristics of real estate investment in Turkey .
Second
As we mentioned, the deterioration of the security situation in Iraq has pushed the Iraqi population to flee to safer areas, and one of these places was Turkey, and this matter of course resulted in an increase in the number of Iraqis in Turkey, and investors in this matter have found an opportunity to make smart gains and investments from During work on opening and establishing investment projects that work to meet the needs of these Iraqis coming to Turkey and everything related to their lives and new livelihoods here, and as an example of these projects we can mention companies, offices and commercial malls, not to mention entering the investment sector in residential real estate And securing places of residence for both students and youth, and of course we do not forget to invest in the tourism sector, which has grown strongly as a result of the increase in the number of Iraqis coming to Turkey.
Third
As we mentioned, Turkey was an ideal option for Iraqi investors as a result of its close geographical proximity to Iraq and the existence of common borders between Turkey and Iraq, and there is also a good percentage of Kurds residing within Turkish territory, which created an additional common factor between Turkey and Iraq, as Iraq is one of the strongholds The main reason for the Kurds and the reason for Turkey’s geographical proximity with the Arab countries is the presence of a remarkable similarity in customs, traditions and common holidays, which greatly facilitated integration into Turkish society for the new arrivals of Iraqis who left their country due to the deteriorating economic and security conditions in it.
The Turkish government has made it easier for Iraqi investors to purchase real estate in Turkey by Iraqi investors, as Iraqis in Turkey are allowed to own various forms of real estate from homes, homes, apartments, and even villas, and the matter is not limited to residential real estate as Iraqis in Turkey have the right to buy commercial real estate. The same is the case, but when it comes to buying land, the Turkish government has placed some restrictions on this aspect, as Iraqi investors in Turkey are allowed to own lands designated for silence only, and they cannot buy land that carries an agricultural title or land that is not classified as residential land.