Iraq lands 4th in Turkiye's June foreign property sales
Iraqis ranked fourth among foreign buyers of real estate in Turkiye in June, according to figures released Saturday by the Turkish Statistical Institute (TURKSTAT).
Home sales across the country rose 35.8% last month compared to the same period in 2024, totaling 107,665 units. Sales to foreigners increased by 8.7%, reaching 1,565 properties.
Russia led the list of foreign buyers with 326 homes, followed by Ukraine (111), Iran (109), and Iraq (97). Germany ranked fifth with 95, while Azerbaijan, Kazakhstan, China, the United States, and Palestine followed in descending order.
Once the leading foreign buyers of Turkish real estate since 2015, Iraqis dropped to second place behind Iran in early 2021, slipped to third in April 2022 amid rising Russian demand, and now rank fourth as of early 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
6 hours ago
- Shafaq News
SLC's Atwan al-Atwani elected new Baghdad governor
Shafaq News – Baghdad On Sunday, the Baghdad Provincial Council elected Atwan al-Atwani, a senior figure in the State of Law Coalition (SLC) and current head of the Parliamentary Finance Committee, as the new governor of the Iraqi capital. The vote followed a close contest between two political heavyweights: al-Atwani, backed by former Prime Minister Nouri al-Maliki's SLC, and Dhulfiqar Thamer al-Fayyad, supported by the Development and Reconstruction Bloc led by current Prime Minister Mohammed Shia al-Sudani. The presidency had cleared the way for the new appointment after President Abdul Latif Rashid approved the retirement of outgoing governor Abdul Mutalib Alawi. This marks the second time Alawi has been retired from the post, following a previous dismissal by the council on July 3, which had briefly led to the appointment of Haidar Mohan as governor.
Shafaq News
8 hours ago
- Shafaq News
Iraq to launch cross-border rail linking Basra and Iran
Shafaq News – Baghdad Iraq's Ministry of Transport announced on Sunday the imminent launch of the Basra–Shalamcheh railway project, a 36-kilometer cross-border line aimed at easing pilgrim traffic and strengthening regional connectivity. Ministry spokesperson Maytham al-Safi told Shafaq News that preliminary work is underway, including demining, land clearance, and final administrative steps. A contract signing with the executing company is expected soon, with construction to follow. 'The railway will enable the movement of over five million Iraqi and Iranian visitors annually, especially during religious seasons,' al-Safi said. Currently, pilgrims arriving by train from Iran must transfer at the border to reach Basra and continue toward Karbala. The new link will close that gap, integrating with Iraq's internal lines, including the active Basra–Karbala and Basra–Baghdad corridors. Construction is expected to take 36 months. Last year, the ministry operated 17 trains during peak pilgrimage periods and is prepared to scale up this year based on demand. Al-Safi said the project is central to Iraq's plans to modernize its transport infrastructure and deepen regional ties. The government has earmarked $150M for the line, which also forms part of a broader initiative to connect major religious sites in Iraq and Iran.
Shafaq News
10 hours ago
- Shafaq News
Dollar prices stabilize in Baghdad and Erbil at closure
Shafaq News – Baghdad/Erbil On Sunday, the exchange rates оf the US Dollar against the Iraqi dinar remained stable in Baghdad and Erbil markets at the closure. According to a survey by Shafaq News Agency, the dollar's rate in the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad settled at 139,200 dinars for every 100 dollars, while they recorded 139,500 dinars on Saturday. The selling and buying rates at currency exchange stores in Baghdad were set at 140,250 IQD and 138,250 IQD per 100 USD, respectively. Erbil's selling price also settled at 138,950 dinars for every 100 dollars, and the buying price was 138,850.
