Chinese expected to invest in Turkey’s real estate sector
The Chinese are starting to travel internationally again after the pandemic. It is also expected that one of the countries that will stand out in this context will be Turkey and they are expected to invest in real estate in said country.
China lifted the travel restrictions it maintained for three years according to its ’Zero Covid’ policy on January 8. With the end of the quarantine requirement, international flights to some countries have already started.
One of the countries where Chinese tourists increased their travel activities in the pre-pandemic period was recorded as Turkey. A positive movement is expected in the arrival of Chinese tourists to Turkey in 2023, especially as of April.
For the Chinese New Year holiday which is on January 21, companies have started to receive reservations, albeit not many. It is stated that the first choice of Chinese tourists in Turkey is Cappadocia, followed by Istanbul.
According to news on media, it is predicted that this movement will cause an increase from China launching a commercial activity as well. In particular, an increase is expected in the number of properties purchased in Turkey by the Chinese who are directing their real estate purchases to different countries. Istanbul is a strong leader in Chinese real estate purchases. It is known that they are also looking for places in Anatolia for new production investments in various fields.
The most familiar region for Chinese tourists in Turkey is Cappadocia. In 2019, the year of records before the pandemic, close to 500 thousand Chinese tourists visited Turkey. Especially Chinese tourists, who are known for visiting areas that stand out with their historical and cultural values, also have a higher spending capacity than many foreign tourists. The Chinese are visiting many destinations from Istanbul to Cappadocia, from Çanakkale to Pamukkale, from Bursa to Safranbolu on a wide line.
