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More Foreign Money Coming In? Iran's About To Spend $8.5B On Global Property
Wikimedia/Hansueli Krapf
On the heels of January’s easing of sanctions, wealthy Iranians are expect to spend $8.5B on foreign real estate over the next five to 10 years—underscoring strong faith in hard assets among global investors.
Due to a historical relationship with Great Britain, London real estate agency Rokstone says rich Iranians are likely to store their capital in properties in London, CNBC reports.
