Advanced International Journal for Research
E-ISSN: 3048-7641
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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 7 Issue 1
January-February 2026
Indexing Partners
A Comparative Study of the Impact of Regional Conflicts on the Real Estate Markets in GCC and Turkey
| Author(s) | Dr. Muhammad Ali Shahzad |
|---|---|
| Country | Turkey |
| Abstract | This study explores the impact of regional conflicts and the COVID-19 pandemic (2019–2024) on real estate markets in the Gulf Cooperation Council (GCC) countries and Turkey, highlighting their contrasting responses to overlapping crises. Regional wars, including the Yemen conflict and tensions in Syria, compounded by the global pandemic, disrupted economic activities, investment flows, and market stability in both regions. In the GCC, strong fiscal reserves and timely government stimulus measures played a crucial role in cushioning the impact, stabilizing property values, and sustaining construction activities. The pandemic-induced shift toward remote work and lifestyle changes also spurred demand for residential and mixed-use properties, especially in suburban areas. In contrast, Turkey’s real estate market showed heightened vulnerability, driven by geopolitical tensions, inflationary pressures, and currency fluctuations. Despite a short-term boost from foreign property investors seeking to leverage currency depreciation, Turkey faced prolonged volatility and slower recovery. This analysis identifies key trends, including construction delays, evolving investor sentiment, and changes in demand patterns, providing a comparative perspective on market resilience. The findings emphasize the need for adaptive policies, economic diversification, and robust crisis management strategies to mitigate risks and foster sustainable growth in real estate markets amid global and regional uncertainties. |
| Field | Business Administration |
| Published In | Volume 7, Issue 1, January-February 2026 |
| Published On | 2026-02-09 |
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E-ISSN 3048-7641
CrossRef DOI is assigned to each research paper published in our journal.
AIJFR DOI prefix is
10.63363/aijfr
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