Qatari Real Estate Developer (BARWA) to Expand in Turkey
Star, with boom in market and thee is ever growing requirement of office, house and retail complexes Turkey has offer a lot of opportunities for the real investors with a worldwide prospective. The ease in rules and regulations in the real estate sector as the ownership or property along with the residency permit for the international buyer of property has allowed a lot of investment in real estate sector. The location is best suited for the Arab tourist as they love to invest in this country said the gulf investors.
Following the trend the Qatar top real estate developers the Barwa group has recently announced that they have plan to invest in turkey. The company has partnership with some local companies in 2011 with Sinpas for building Ottomare suite and residence in Istanbul and Zevtinburnu coast, and they have allocated the amount of 500 million USD to invest in the real estate sector of Turkey.
Barwa group has the plan to invest in the shopping malls, residence project in Turkey, Turkey is the country with growing economy in the world and the real estate sector is at boom in Europe said by the CEO of the company, moreover he said the new law ease the international buyers to invest in the real estate sector and a lot of interest shown by many companies. Turkey has received the amount of 2.6 USD billion for investment outside the country in real estate sector last year.