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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraqis buy 50 properties in Turkey within one day

    Rocky
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    • Post n°1

    Iraqis buy 50 properties in Turkey within one day Empty Iraqis buy 50 properties in Turkey within one day

    Post by Rocky Wed 25 Apr 2018, 2:57 am


    Iraqis buy 50 properties in Turkey within one day

    10:06 - 25/04/2018
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    Information / Baghdad ..
    Iraqis are the most popular buyers of Turkish real estate, followed by the Saudis, Iranians and Afghans, according to figures released by Istanbul, which has negatively impacted the Iraqi real estate market and led to a drop in prices in a remarkable manner since the beginning of the year.
    According to figures released by the Turkish Statistical Institute, foreign property sales rose 15.8 percent in March and Iraqis continued to list buyers.
    The data showed that «Iraqis topped the list of buying 348 properties in March, followed by the Saudis to buy 181 properties, and then the Iranians bought 156 properties, Russians with 120 properties and Afghans with 108 properties». The total number of real estate sales to foreigners in Turkey during March was 1827 registered properties, up 15.8 percent compared to the same month last year.
    "The city of Istanbul was the most selling real estate for foreigners last month, with 556 properties, followed by Antalya with 446, Trabzon by 134 and Borsa with 109 properties, and then Yalawa with 89 properties. In terms of real estate sales in general, the data showed «a decline of 14 percent compared to last year, with the sale of 110905 properties in Turkey».
    "The rush of Iraqis to buy real estate in Turkish cities, most of them large residential units or villas, has negatively affected the real estate market in Iraq and has led to a decline in prices in the country," Al-Khadra real estate expert Adnan al-Zubaidi said. Striking shape ».
    He added that «the real estate market in Iraq saw after 2006 an unrealistic boom in prices and began to buy some of the property at any price, led to the arrival of prices to the ceilings imaginary, such as the price of a meter in the city of Kadhimiya in Baghdad, where exceeded $ 10 thousand and sold residential land by 7 billion Dinars ($ 5 million), as well as in the provinces of a religious character such as Karbala, Najaf and Samarra. "
     He stressed that «the other negative impact of the increase in prices is the bulldozing of thousands of acres of agricultural land and orchards to be distributed as small pieces of construction, although not registered in the real estate registration because it is agricultural land to prevent housing, but legal irregularities occurred and became a phenomenon the government was unable to deal with them, Every province there are thousands of violators and can not apply the law to their right in view of the circumstances experienced by the country and the existence of housing deficit exceeding 4 million housing units.
    "The presence of movements by Turkish real estate companies to open offices in Baghdad or contracting with local real estate companies to promote their properties in Turkey at competitive prices tempting the Iraqi buyer. When offered a house in a Turkish province and a beautiful environment at a price of 50 thousand dollars, Iraq at a price of 100 thousand dollars and more ».
    The data showed that "the number of houses bought by foreigners in Turkey until the end of 2017 amounted to 81,754 houses, an average of 50 properties per day. Ending / 25

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