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Iraq falls to fifth place in buying real estate in Türkiye during the month
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Economy News - Follow-up
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Added 09/17/2024 - 2:07 PM
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Economy News - Follow-up
The Turkish Statistical Authority announced today, Tuesday, that Iraqis fell to fifth place among the citizens of the countries that bought the most Turkish real estate during August, after being in fourth place in the previous month.
The authority said in a report reviewed by "Al-Eqtisad News" that housing sales to foreigners decreased by 26.2% in August compared to the same month of the previous year, reaching 2,257 homes. In August, the share of housing sales to foreigners in total housing sales was 1.7%, and the provinces that recorded the largest number of home sales to foreigners were Istanbul with 838, Antalya with 696, and Mersin with 174, respectively.
The authority indicated that "Russians topped the rest of the countries in purchasing the most real estate in Turkey during August with 381 homes, while Iranians came in second place with 171 homes, followed by Ukraine in third place with 161 homes, followed by Germany in fourth place with 139 homes, followed by Iraq in fifth place with 136 homes, followed by Kazakhstan in sixth place with 98 homes, Azerbaijan in seventh place with 90 homes, and Kuwait in eighth place with 75 homes.
Iraqis have been at the top of the list of countries buying homes in Turkey since 2015, but their ranking dropped to second place after Iran at the beginning of 2021, before falling to third place since April 2022 after Russia’s dominance of Turkish real estate.
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Added 09/17/2024 - 2:07 PM
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