Istanbul has now become a favorite tourist destination for Qatari nationals
2015 marks the Year of Culture between Turkey and Qatar, an event to celebrate the cultural partnerships between Qatari and Turkish organisations, institutions and individuals.
2015 marks the Year of Culture between Turkey and Qatar, an event to celebrate the cultural partnerships between Qatari and Turkish organisations, institutions and individuals. As the strong relationship between the two countries continues to develop, the General Manager of Turkish Airlines in Qatar confirms that Istanbul has now become a favorite tourist destination for Qatari nationals, with a remarkable 30% increase in the number of Qatari tourists who visited in 2014.
With over five direct flights a day between the two countries, Turkey is now an extremely viable holiday hotspot for both Qatar and many other Arab nations. The dramatic surge in tourism from Qatari nationals, as well as other Arab citizens, has had a positive effect on foreign investment in Turkish property.
A statement from the Turkish Statistics Institute (TurkStat) last month highlighted that foreign property sales have increased by 28% since this time last year, with Istanbul being the most popular area of interest.
Monica Anca, Director of Universal21, a leading property agency in South-West Istanbul, commented: “2014 figures revealed that approximately 1 in 20 of our clients were from other Arab countries. This proportion has already inflated dramatically this year, with 1 in 5 clients now coming from Arab nations, an increase of around 400%. Currently 65% of our lead enquiries are coming from Arab nationals outside of Turkey and I believe that this trend will continue, with foreign investment becoming significant to the future of Istanbul’s property market.”
Nurullah Kırmacı / emlakcoulisse.com