A significant number of Iranian housing developers are migrating to Turkey and Georgia, raising concerns about the local economy, according to Iran's Real Estate Consultants Association. The country's deteriorating economic situation, characterized by high inflation, a weak currency, and limited investment prospects, has disproportionately affected developers dependent on the construction industry. As the economic crisis persists, developers are increasingly seeking opportunities abroad due to a lack of prospects at home. The appeal of better social and economic conditions overseas has driven many Iranians to seek a new life elsewhere.
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A significant number of Iranian housing developers are migrating to Turkey and Georgia, raising concerns about the local economy, according to Iran's Real Estate Consultants Association. The country's deteriorating economic situation, characterized by high inflation, a weak currency, and limited investment prospects, has disproportionately affected developers dependent on the construction industry. As the economic crisis persists, developers are increasingly seeking opportunities abroad due to a lack of prospects at home. The appeal of better social and economic conditions overseas has driven many Iranians to seek a new life elsewhere.
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