EconomicalHousing

$ 3 billion loss to Iranians in Turkey


According to Tejarat News, housing purchase ads in neighboring countries may tempt anyone to try their luck at investing in these countries. Some Iranians have gone to some of these countries for investment in the past few years, one of which is Turkey.

But these days, the country is not doing well economically, and its money is losing value. This devaluation of the lira means the devaluation of the capital that Iranians have bought in this country as housing. In this report, we want to write about the loss of people who have bought housing in this country at least in the last year. We have also addressed the issue of how much more they could have made if these same friends had invested in the country. So if you are planning to buy a property abroad, be sure to read this report before taking any action.

The fall of the lira against the currency of our country

Iranians who buy a house in Turkey, their first main goal is to “invest in order to earn a positive return” and in this direction, often moving by “looking at the past trends of the real estate market” and “following the behavior of others without analyzing the outcome of their actions.” they do.

However, a look at the Turkish economy and the devaluation of the Turkish currency has caused huge losses to those who have invested in housing in the country.

Currently, the value of the lira against the dollar has fallen to its lowest level, so that the exchange rate of the dollar against the lira has reached 13.7. The exchange rate was 9.2 in October this year and the value of the lira against the dollar has fallen by more than 43% in the past year, which has led to an increase in the dollar against the lira.

Now each lira is two thousand and 270 tomans, while last year each lira was three thousand and 500 tomans, and this means that in the past year, the value of the lira against our country’s currency has decreased by 35%.

A thumb calculation

Surveys of valid data on the economic variables of the Turkish housing market and other key economic variables of the country show: طThe average price of housing in Turkey has increased by about 30% in the last year, ie if a house last year cost two million lira. You bought it, now that house is priced at two million and 600 thousand liras, but when you sell it, you have to pay 35% tax on capital income, which means that you have to pay about 900 thousand liras as a tax on the sale of this property, which can be one million and 700 thousand liras. .

According to the price of lira last year, which was 3500 tomans, the house becomes two million lira, seven billion tomans, while according to what was said, this house is worth only three billion and 850 million tomans according to the price of lira, which is 2270 tomans. This means that 45% of the capital has been lost in the last one year, while if a house was bought with the same amount in Tehran, considering the 17% inflation of property in Tehran, the capital of this person is more than one billion and 100 million. Had increased.

Huge losses for home buyers in Turkey

According to what was said, people who bought property in Turkey lost an average of 45%. According to ISNA, between 1997 and 1999, Iranians invested $ 7 billion in the Turkish housing market. They have bought a house and now it has reached 3 billion and 850 million dollars, which means that 3 billion and 150 million dollars of Iranians have lost their investment in Turkey during this period.

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