Society

Iranians Set Record of Purchasing Houses in Turkey

Turkey’s statistics center says Iranians bought 911 housing units in the country in August, which it said is an all-time monthly record for such purchases.

According to the latest report by the Turkish authority, Iranian citizens purchased 4,600 housing units in Turkey since the turn of the year, which is a 21 percent rise compared to the same period last year, and a 47 percent increase compared to 2019. 

Iranians flocked to Turkey to procure houses starting from 2018 when the US re-imposed its unilateral sanctions, which were earlier eased under the 2015 nuclear deal, and the subsequent plunge in the value of the Iranian rial.

Turkey gives temporary residence permit to foreigners, who buy or rent houses in the country.

Iranians had purchased only 424 housing units in Turkey in the entire 2017. It means the number of housing units Iranians acquired in Turkey surged 10-fold in four years.

Iranians also bought more houses in Turkey than citizens of any other foreign country over the past two years. 

Iraqis surpassed Iranians when hopes were raised in Iran due to the talks for removal of the sanctions leading to fewer Iranian purchases.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Israeli Parliament passes law to deport families of Palestinians involved in attacks against settlers

The Knesset (Israel’s parliament) passed a new controversial law Thursday that allows the deportation of…

2 hours ago

Trump’s team seeks postponing Ukraine’s NATO membership for at least 2 decades: Report

One idea within US President-elect Donald Trump's team for ending Russia's war involves delaying Ukraine's…

2 hours ago

Ex-Iranian MP: Trump’s election similar to Taliban return to power

A former Iranian Parliament member likened Donald Trump re-election as the US president to the…

6 hours ago

Iranian analyst deplores failure to restore JCPOA following Trump re-election

A veteran Iranian journalist and political analyst says Iran had almost four years since US…

8 hours ago

Biden rushing to deliver billions in remaining aid to Ukraine ahead of Trump’s inauguration

The administration of Joe Biden is planning to rush the delivery of the remaining $6…

8 hours ago

Ayatollah Khamenei: Resistance will definitely emerge victorious

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has paid tribute to the…

8 hours ago