Iranian $ 7 billion gift to Turkey
According to Tejarat News, a member of the Islamic Consultative Assembly recently claimed that Iranians had taken more than $ 7 billion in foreign currency to Turkey to buy a house between 1397 and 1399 (2018-2021). But how much does this claim correspond to the official statistics of Turkey?
Mojtaba Yousefi, a representative of Ahvaz and a member of the presidium of the Islamic Consultative Assembly, wrote in a tweet: “After Iran’s role in preventing the fall of Erdogan’s government in the coup, this time Iranians saved Turkey from bankruptcy by buying property.” From 97 to 99, equivalent to 7 billion dollars of foreign exchange to buy property in Turkey has left the country. Some Iranians have paid for the recent insolence.
Check two parameters
To get an accurate estimate of how much money Iranians have actually spent on property in Turkey in recent years, we need to look at two parameters.
One is the price of each property purchased by foreign nationals in Turkey and the other is how many properties have been purchased by them.
The number of properties purchased in Turkey by Iranians is a statistic that is published monthly and annually by official Turkish statistics, but the price of each property purchased by Iranians is a statistic that is not officially published. However, we know that from 2018 onwards, Turkish President Recep Tayyip Erdogan, with the passage of a new law, has announced an investment amount of $ 250,000 to receive citizenship in Turkey.
Therefore, in this article, we have tried to use the above information to find out the minimum amount of money that Iranians have entered this country during these years to buy property in Turkey; Calculate. The important point of these statistics is that Iranian and Iraqi citizens have shown the greatest desire to buy property in Turkey and there has been a significant competition between the citizens of these two countries in recent years.
In 2018, the victory was with the Iraqi citizens
According to the Turkish خبرگزاریlke news agency, Iraqi citizens topped the list of foreigners in 2018 with the purchase of 8,205 houses. After that, Iran with 3,652 home sales, Saudi Arabia with 2,718 home sales, Russia with 2,297 home sales and Kuwait with 2,199 home sales were in the next ranks.
Sale of Turkish houses in 2019 by nationality
The following year, Iraqi citizens remained at the top with 7,596 transactions in the housing sector, followed by Iranians with 5,423 home sales.
Russia’s enthusiasm for Turkish real estate led to the registration of 2,893 real estate transactions. Citizens of Saudi Arabia bought 2,208 properties this year, and Afghans registered 2,191 home transactions.
Statistics 2020; The Iranians came first
According to Data Turk Government, the highest number of home sales by country in 2020 belonged to Iranian citizens.
Iranian citizens bought 7,189 houses in Turkey this year. Iraq with 6,674 houses sold, Russia with 3,078 houses, Afghanistan with 1,929 houses and Azerbaijan with 1,279 houses are in the next ranks.
The first half of 2021, again the Iranians
When home sales statistics for June 2021 are examined, there is an increase in home sales to foreigners. When data on home sales to foreigners are analyzed from January to June, 20,488 homes were sold to foreign property investors in the first six months. د
In the first half of 2021, the country with the highest home sales was Iran. By buying 3,070 houses and then Iraqi citizens bought the most houses in Turkey
Total property purchase statistics by Iranians
According to the above statistics, between 2018 and 2020, 16,264 houses in Turkey were purchased by Iranians.
If we consider the basis of Iranian immigration as investing $ 250,000, that is, between 1997 and 1999, equivalent to 4 billion and 66 million dollars of foreign exchange was spent by Iranians to buy property in Turkey. This estimate differs from the MP’s claim of about $ 3 billion. It should be published if there are any documents in this regard.
Total statistics until the second half of 2021
So far, we have reached 16,264 properties purchased by Iranians by the end of 2020. If we add the statistics of the first six months of 2021 to it, we will reach 19,334, which is equivalent to 4 billion 833 million and 500 thousand dollars. The currency will be from the country.
Buy property 10 times more than Iranians compared to 2017
In a new report, the Data Turk Governance website reported the purchase of 911 housing units by Iranians in the country in August. In the first eight months of this year, Iranian citizens have bought 4,600 housing units in Turkey, which shows a growth of 21% compared to the same period last year and about 47% compared to the same period in 2019.
In the first eight months of 2017, Iranian citizens bought only 424 housing units in Turkey; In other words, the purchase of Iranian housing in Turkey has increased more than 10 times in the last four years. Also in August, Iranians again topped the list of foreigners buying housing in Turkey. This means that 5 billion and 216 million dollars of foreign currency have been taken out of the country so far to buy property in Turkey.
Why are Iranians eager to buy property in Turkey?
According to Turkish officials, in 2017, it was possible to obtain Turkish citizenship by buying a property for at least one million dollars.
This figure decreased to $ 250,000 in 2018. The increase in property prices in Iran from 1997 to 1999, along with this offer by Erdogan, gave the Iranians the signal that if you sell your 30 million toman property in Tehran (or other cities), you can stay in Turkey in addition to becoming a landlord. Receive this country as well and enjoy its benefits.
It seems that the currency crisis during the years of 1997 and after showing Erdogan in the Green Garden to the Iranians, has saved Turkey from bankruptcy and has faced Iran with a currency crisis. The outflow of currency will stop when either the dollar exchange rate in Iran remains stable and as a result housing prices do not become more expensive or the laws of Turkey to obtain residency and citizenship become stricter.
What housing can be bought for $ 250,000?
Now, if, according to the statistics of the Central Bank of Turkey, the average price of housing and a search of real estate sites in Turkey, we examine the houses with a minimum amount of $ 250,000, we will reach the following results.
The Central Bank of Turkey has announced the price per square meter of housing in Istanbul in 2019 at 6942 lira (equivalent to 782 dollars), which means that with about 80 thousand dollars you can buy a 100-meter apartment in Istanbul.
According to a Google search, the average price of housing in Turkey is estimated at $ 892.
Now, if we look at housing purchase sites in Turkey, with $ 250,000, we will have different options from 95 square meters to 222 square meters.
Q: We conclude that $ 250,000 to buy an apartment in Istanbul seems reasonable.
The outflow of 4 billion 803 million and 500 thousand dollars during the years 2018 to the second half of 2021 can be a relatively reasonable estimate of the outflow of foreign currency to buy property in Turkey.
Meanwhile, the Ahwaz MP has claimed $ 7 billion for the years 97 to 99, and if we subtract the first half of 2021 (1400) from this statistic, we will reach 4 billion and 66 million dollars.
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