Investors warned not to impulse buy turkish property

Investors from the Gulf have flocked to Turkey since the country relaxed its regulations last year and allowed a host of new countries to buy real estate. Now, one real estate company, has warned them to resist their Turkish appetite and not impulse buy.

Indeed, Gulf investors are currently pouring roughly $3 billion into Turkey, a figure that could increase up to $10 billion within the next five years.

Tolga Han, international vice-president of Projebeyaz International, told Arabian Business at Cityscape Global that rushing to snap up Turkish property could risk buyers being ripped off, despite the wide range of strong investment opportunities in the country.

“Whatever they want to buy, they must consult,” he advised.