Properties owned by Kuwaitis in Izmir, Turkey safe

This news has been read 21021 times!

KUWAIT CITY, Nov 2: According to real estate developers, building properties owned by Kuwaitis in Turkey have not been damaged by the earthquake in Izmir, which reached seven degrees on the Richter scale, reports Al-Rai daily. Even though the earthquake caused the collapse of many buildings, real estate agents affirmed to the daily that the city of Izmir is not considered a preferred investment or residential destination for the Gulf people, especially Kuwaitis, due to which the percentage of them affected is minimal from these events.

They indicated that the Turkish government, since the year 2000, adopted a new building system throughout the country that is capable of dealing with earthquakes of magnitude up to 8.8 on the Richter scale.

The agents revealed that Kuwaitis ranked first among the Gulf countries in terms of the number of apartments purchased in Turkey during the month of September. In this regard, the real estate expert Abdulaziz Al- Dughaishem said the percentage of Kuwaitis in the city of Izmir is considered small compared to their investments in other Turkish regions, indicating that most Kuwaiti real estate investments are far from the areas known to be seismically active

This news has been read 21021 times!