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On Sunday, the Turkish Statistics Authority announced a decline in the Iraqis' demand for buying homes in Turkey at the beginning of this year compared to the previous year 2022, while an economist attributed this to Turkey's adjustment of the value of the property to obtain citizenship.
The commission said in its statement, "The percentage of Iraqis buying homes in Turkey decreased to 65% during the months of January and February of this year, compared to the same period last year," noting that "the Iraqis bought during the aforementioned two months of the current year 402 homes compared to 1146 homes in the same period last year.
And she added, "Russian citizens overtook both Iraq and Iran in their purchase of homes in Turkey during the first two months of the year 2023, to reach 2,740 homes, compared to 988 homes in the same period last year, to rank first in their purchase of homes during the current year."
According to the authority, "Iran came second in purchasing homes in Turkey, with 971 homes during January and February of this year, compared to 1472 homes during the same period last year."
She added that "Ukraine came third with the largest home buyer in Turkey during the current year with 299 homes, followed by Kazakhstan fourth with 288 homes, and then Germany fifth with 250 homes."
Iraqis have topped the list of home buyers in Turkey since 2015, but their classification fell to second place after Iran at the beginning of 2021, before falling to third place since last April after Russian domination of Turkish real estate.
The economist, Muhammad al-Hassani, said in an interview with Shafaq News agency, "The decline in the Iraqis' purchase of real estate in Turkey is due to the latter adjusting the value of the property that must be purchased to obtain citizenship during April of last year 2022," explaining that "Turkey has raised the minimum value of real estate that must be Purchased in order to obtain Turkish citizenship ranged from $250,000 to $400,000.”
He added, "The purchase of houses by Iraqis declined in Turkey, starting from April 2022, by about 100 houses per month, after the decision to adjust the value of the property, bringing the total of what Iraqis bought in February 2023 to only 173 houses."
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