(MENAFN) Turkish housing is expected to flourish as a result of foreign investments, especially by the GCC investors, reaching USD5 billion over the following years, according to Arab News.
The GCC investors' confidence in the market is increasing clearly after the law Turkey set to simplify foreign investment restrictions in real estate market.
Tolga Han, international vice president of Projebeyaz International, said: "With the majority of mainland Europe facing difficulties, Gulf investors are actively redirecting sovereign wealth funds, investment funds and private equity funds into Turkish real estate, which offers a great investment proposition and high capital growth."
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