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Increase of Iran expats in Turkey for investments and real estate 

An aerial view of Levent district of Istanbul, Turkey on June 09, 2019 [Muhammed Enes Yıldırım / Anadolu Agency]
An aerial view of Levent district of Istanbul, Turkey on June 09, 2019 [Muhammed Enes Yıldırım / Anadolu Agency]

Over the last four years, Turkey has witnessed a remarkable increase in the number of expatriates from Iran seeking to establish businesses or to purchase real estate in the country.

Benjamin Asen, a member of the board of directors of an investment company, explained to Anadolu Agency that last year Turkey welcomed more than 51 million tourists, adding that the number of Iranian tourists exceeded two million.

He disclosed that the Iranian tourists rank fifth among Turkey’s most frequent visitors, observing that they come for tourism to purchase real estate and establish businesses within the country.

READ: More than 12,000 companies with foreign funds established in Turkey within a year

Fatih Suyabatmaz, representative of Turkey’s Independent Industrialists and Businessmen Association (MUSIAD) in Tehran, clarified that 3,652 Iranians purchased properties in Turkey in 2018, increasing to 5,622 in 2019.

Suyabatmaz also noted the increasing number of Iranians residing in Turkey for the purpose of investments.

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Europe & RussiaIranMiddle EastNewsTurkey
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