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Iraqis acquire 480 homes in Turkiye by May 2025
Iraqis acquire 480 homes in Turkiye by May 2025

Shafaq News

time2 days ago

  • Business
  • Shafaq News

Iraqis acquire 480 homes in Turkiye by May 2025

Shafaq News – Turkiye Iraq ranked fifth globally in home purchases in Turkiye during the first five months of 2025, with a total of 480 properties bought by Iraqi nationals, according to new data from the Turkish Statistical Institute. The institute's report shows that Iraqi buyers acquired 103 homes in January, followed by 99 in February, 72 in March, 70 in April, and a rebound to 107 in May. This represents an 8.54% increase compared to the same period in 2024, when Iraqis bought 439 homes. However, it marks a sharp 68.5% decline from 2023, when purchases totaled 809 homes during the same timeframe. Russia topped the list of foreign homebuyers in Turkiye during the January–May period with 1,329 properties, followed by Iran with 709, Ukraine with 537, and Germany with 460. Iraqis had led foreign home purchases in Turkiye from 2015 until early 2021, when they dropped to second place behind Iran. Since April 2022, Iraq has maintained a lower ranking, overtaken by Russian dominance in the Turkish property market.

Iraqis rank 5th in Turkish property purchases in May
Iraqis rank 5th in Turkish property purchases in May

Shafaq News

time19-06-2025

  • Business
  • Shafaq News

Iraqis rank 5th in Turkish property purchases in May

Shafaq News/ Iraqis ranked fifth among the top foreign buyers of Turkish real estate in May 2025, the Turkish Statistical Institute (TURKSTAT) announced on Thursday. According to a report by TURKSTAT, home sales in Turkiye rose by 17.6% in May compared to the same month in 2024, reaching 130,025 units. However, sales to foreign buyers declined by 14.2% year-on-year in May, totaling 1,771 homes. The institute reported that Russian nationals led foreign purchases with 274 homes, followed by Iranians with 133 homes. Germany ranked third, purchasing 127 homes, while Ukraine came in fourth with 113 units. Iraq followed in fifth place with 104 homes, Azerbaijan ranked sixth with 75, Kazakhstan seventh with 66, Saudi Arabia eighth with 62, China ninth with 59, and the UK tenth with 49 homes. Iraqis have consistently topped the list of foreign property buyers in Turkiye since 2015. However, they fell to second place behind the Iranians in early 2021 before dropping to third place in April 2022, following Russia's dominance in the Turkish real estate market.

Turkish industrial production up 3.3% YoY in Apr 2025
Turkish industrial production up 3.3% YoY in Apr 2025

Fibre2Fashion

time16-06-2025

  • Business
  • Fibre2Fashion

Turkish industrial production up 3.3% YoY in Apr 2025

Pic: Shutterstock Insights Turkish industrial production increased by 3.3 per cent YoY and decreased by 3.1 per cent month on month (MoM) in April. The manufacturing index increased by 3 per cent YoY and decreased by 3.4 per cent MoM in the month. The index for durable consumer goods decreased by 5.4 per cent YoY and by 0.4 per cent MoM in the month. The energy index increased by 10.4 per cent YoY and by 1.3 per cent MoM. Turkish industrial production increased by 3.3 per cent year on year (YoY) and decreased by 3.1 per cent month on month (MoM) in April this year, according to the Turkish Statistical Institute (Turkstat). The index for manufacturing increased by 3 per cent YoY and decreased by 3.4 per cent MoM in the month. Turkish industrial production increased by 3.3 per cent YoY and decreased by 3.1 per cent month on month (MoM) in April. The manufacturing index increased by 3 per cent YoY and decreased by 3.4 per cent MoM in the month. The index for durable consumer goods decreased by 5.4 per cent YoY and by 0.4 per cent MoM in the month. The energy index increased by 10.4 per cent YoY and by 1.3 per cent MoM. The index for durable consumer goods decreased by 5.4 per cent YoY and by 0.4 per cent MoM in the month. The energy index increased by 10.4 per cent YoY and by 1.3 per cent MoM in the month, a Turkstat release said. The index for intermediate goods increased by 1.7 per cent YoY and decreased by 0.7 per cent MoM in the month. Fibre2Fashion News Desk (DS)

Iraq tops Arab countries in Turkish imports in 2024
Iraq tops Arab countries in Turkish imports in 2024

Shafaq News

time05-06-2025

  • Business
  • Shafaq News

Iraq tops Arab countries in Turkish imports in 2024

Shafaq News/ Iraq emerged as the top Arab importer of Turkish goods in 2024, according to official data released by the Turkish Statistical Institute (TURKSTAT). Iraqi imports from Turkiye reached $13.002B last year, covering a broad range of products, including gemstones, machinery, electrical devices, plastics, wood, vegetables, fruits, and grains. The UAE secured second place with imports worth $8.205B, while Egypt came third at $4.175B. Saudi Arabia and Morocco rounded out the list, with imports totaling $3.985B and $3.44B, respectively.

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