Iraq rises to third place in Turkish real estate purchases
Shafaq News/ Iraqis have risen tothird place among foreign nationals buying Turkish real estate in September, upfrom fifth place in August, the Turkish Statistical Institute (TURKSTAT)announced on Thursday.
In its report, TURKSTAT stated thathome sales to foreigners dropped by 31.0% in September compared to the samemonth in 2023, with foreign home sales accounting for 1.45% of total home salesin August.
The provinces with the highestnumber of home sales to foreigners were Istanbul with 783 homes, Antalya with548, and Mersin with 210.
The institute indicated that"Russians topped the list of foreign buyers in Turkiye in September with346 homes, followed by Iranians with 163 homes, Iraqis in third with 139 homes,Germany in fourth with 113 homes, Ukraine in fifth with 97 homes, Azerbaijan insixth with 87 homes, Kazakhstan in seventh with 87 homes, and Kuwait in eighthwith 73 homes."
Notably, Iraqis had consistently ledthe list of foreign buyers of homes in Turkiye since 2015, but their rankingdropped to second place after Iranians at the beginning of 2021, and further tothird place since April 2022 following a surge in Russian purchases of Turkishreal estate.
