Iraq property purchases in Turkey continue to reflect strong demand from Iraqi citizens despite changing global trends. Recent data confirmed that Iraqis bought 783 homes in Turkey during the first eight months of the year. This performance placed Iraq fifth among foreign property buyers, highlighting its ongoing role in the Turkish real estate market.
The breakdown of monthly purchases showed steady activity with minor fluctuations. Iraqis purchased 103 homes in January, followed by 99 in February. In March, they bought 72 homes, while April saw 70 sales. However, activity increased again in May with 104 homes sold, then slightly declined in June to 97. Demand then rose sharply in July with 120 purchases and stayed strong in August with 118 homes acquired.
Iraq property purchases in Turkey grew by 4 percent compared with the same period last year. Iraqis had bought 754 homes in that period. However, the latest figure remains far below the 1,408 homes purchased two years earlier. This comparison shows both resilience and ongoing adjustments in the buying trend.
Other nationalities also maintained strong positions in the Turkish property market. Russian citizens led foreign buyers with 2,253 homes. Iranians followed with 1,125, while Ukrainians secured 900 and Germans purchased 808. The market therefore reflects a competitive environment shaped by shifting international demand.
Historically, Iraqis dominated foreign property purchases in Turkey between 2015 and early 2021. They remained in leading positions until shifts in global politics and economic priorities reshaped demand. Since 2022, Iraq has consistently ranked behind Russia and Iran, yet it still secures a strong position in the top five.
Moreover, real estate experts emphasize that Iraq property purchases in Turkey will likely continue because of cultural ties, geographical proximity, and economic factors. Iraqis view Turkish property as both an investment and a lifestyle choice. Families prefer stable environments, while investors look for profitable opportunities.
Ultimately, this buying activity highlights Iraq’s lasting influence in the Turkish property market. Even with competition from other nations, Iraq continues to play a significant role. The figures confirm the durability of demand and the importance of Iraq’s connection to Turkey’s housing sector.