The temptation to invest abroad, especially in neighboring countries, has now become a source of income for wealthy Iran-ians and an employment possibility for Turkish youth and Dubai residents.
Capitals and foreign exchanges took out of the country to become a single-lose play amid currency exchange rate fluctuations and housing problems.
Let alone the non-stop propaganda in this market, sensational ads of beautiful and luxurious houses in countries such as Turkey, Emirates and Malaysia that fascinate people. Magnificent sea and mountain views, easy access to city centers and universities and obtaining a residence visa are the most important advertising attractions for buying these houses.
This is while sometimes these attractions incur considerable costs to the investor, leading to the bankruptcy and downfall of those who invest all their capital on an unfounded dream.
According to some housing experts, this type of investment is completely wrong in places like Turkey or Dubai, because after a few years, the house will be confiscated or the process of obtaining residence permit of the country will be canceled.
Highlighting that no real estate consultant, especially in Tehran, have a license to sell property or land abroad, Mostafa Gholi Khosravi, president of the Capital Real Estate Association, mentioned that it is a violation of the law and any lawbreaker will be reffered to the judicial authorities after they have been identified to be guilty.
He also added that Unfortunately, people have been deceived by such propaganda and transfer their capital abroad for several years, but after months, all their capital is lost due to lack of legal aristocracy, since Turkey or Dubai is not a good place to invest.
“Regarding the economic conditions of the country, it is the best place to invest, because property and land prices have risen sharply in the past few months”, Gholi Khosravi maintained.
Reiterating that many people who bought property in Antalya and Ankara felt regretted immediately, The head of the Tehran Province Real Estate Association added: “Buying pre-sold properties or undocumented land has caused them to lose all their assets.”
In this regard, Hamed Mazaherian, Deputy Minister of Roads and Urban Development, recently pointed out that none of the real estate consultants are allowed to sell property abroad, adding that real estate consultants are under the supervision of the Ministry of industry, Mine & Trade, so such activities by these consultants should be ceased as soon as possible.
Buying property or investing abroad will ruin the country’s economy, so the Ministry of industry, Mine & Trade and the Union of Real Estate Advisors should stop their activities immediately”, Mazaherian added.
Nowadays people can buy houses for a total sum of 100 million tomans ($3.333), which they may lose overnight, but economic tensions in Iran, sanctions and investment insecurity problems have caused capital to be invested anywhere but Iran.
There are various reasons including bureaucracies in Iran to fancy advertisements, which are easy to find even in mobile applications.
Now, involvement of brokers and unauthorized real estate consultants in this sector has caused many problems for buyers of residential units abroad.
Construction is one of the main pillars of the country’s economy, so that about 1300 jobs depend on this large industry either directly or indirectly, so the government must provide the necessary incentives to increase investment in this sector and prevent people’s capitals to leave the country.
Now Iranian capital is easily transferred abroad, these capitals can create employment possibilities and save the country from various problems related to unemployment.
Statistics has shown that Iran needs to construct one million housing units each year, of which only a third is constructed in the country and the rest is invested in other sectors. Experts believe that if the necessary support is provided in this area, reviving the industry won’t be a forlorn hope.