One of the most intractable conflicts on the planet, the Arab-Israeli conflict, with its blood-stained Israel-Palestine drama from the depths of the 20th century, hurts today as much as ever. Beyond the horror that has shaken humanity, the situation unfortunately carries a slew of other problems with ramifications that also touch our island.
In the matter of the economy, a pillar that has been struggling for survival in recent years, it is at risk of unpredictable consequences due to geopolitical factors that can directly affect real estate investments. Geopolitical factors largely relate to political stability, the legal environment, conflicts in the region, tax policies, all of which impact the economy and the business climate in the area.
As mentioned earlier, in combination with the low wages prevailing, primarily in the private sector, it puts pressure on housing, risking widening social divisions, forcing people to spend more than their income on housing. Looking back at the housing policies of other European countries, according to foreign news agencies, governments took a more active role in housing.
It would clearly be more correct to take targeted increased support measures for investors and first-time homebuyers, as well as for office space for professionals, to cope with these times, support the entire economy of the country, and their own family situation.
Let’s not forget that political unrest and instability in the neighboring region can affect the value of real estate and disrupt investment opportunities, while conflicts between countries or regions may potentially have negative impacts on the security of real estate investments.
The tax policies of a country can and should positively influence the performance of real estate investments. Meanwhile, the overall economic development of a region also affects the demand and value of real estate.”
