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HomeEconomyIraq Falls to Sixth in Turkiye Property Market Despite Higher June Purchases

Iraq Falls to Sixth in Turkiye Property Market Despite Higher June Purchases

Iraq Turkiye property purchases increased during June, even as Iraqi buyers lost ground in the rankings of foreign investors. New figures revealed stronger buying activity compared with May. However, other nationalities recorded even higher totals. The latest numbers highlight continued international demand for real estate across Turkiye.

The Turkish Statistical Institute released the latest property sales figures on Saturday. The report covered both residential and commercial transactions completed by foreign buyers during June. Foreign investors remained active throughout the month. Their purchases reflected ongoing interest in the country’s real estate market.

Iraqi buyers purchased 98 homes during June. They also acquired four commercial properties across Turkiye. The residential total marked a noticeable increase from May, when Iraqis bought 66 homes. Even with that improvement, Iraq moved from fifth to sixth place among foreign homebuyers.

Foreign buyers purchased 2,024 homes during the month. They also completed 114 commercial property transactions. These figures showed that overseas investors continued to play an important role in Turkiye’s property sector. Demand remained strong across several nationalities.

Russian citizens kept the top position among foreign homebuyers. They purchased 381 homes during June. Ukrainian and Iranian buyers shared second place with 170 homes each. Chinese investors followed with 120 purchases, while German buyers acquired 104 homes.

Iraqi buyers ranked next with 98 home purchases. Azerbaijan secured the following position with 72 homes. Kazakhstan recorded 56 purchases, while Palestinian buyers acquired 55 homes. Buyers from the United Kingdom completed 45 purchases, and American investors bought 41 homes.

Commercial property sales followed a similar pattern. Russian investors led that category with 16 purchases. Iranian buyers followed with 13 commercial properties. Azerbaijanis completed seven purchases, while German and Ukrainian investors each recorded six. Iraqi investors finished the month with four commercial property purchases.

The latest figures suggest that competition among international buyers remains strong. Although Iraq Turkiye property purchases increased from the previous month, several other nationalities posted even higher totals. As a result, Iraq slipped one place in the foreign buyer rankings despite stronger activity.

Market observers often watch these monthly statistics for signs of changing investment trends. Rising purchases can reflect confidence in the property market or growing interest from overseas investors. Future reports will show whether Iraqi buyers regain a higher position or whether competition continues to intensify. For now, Iraq Turkiye property purchases remain an important part of Turkiye’s international real estate market.