Investment Property in Kirkuk

Investment Real Estate in Kirkuk

Investment Property in Kirkuk
Investment Property in Kirkuk

Kirkuk property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Kirkuk.

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Search Map of Kirkuk Investment Real Estate

Kirkuk (Arabic: كركوك‎, Kurdish: کەرکووک‎, romanized: Kerkûk, Syriac: ܟܪܟܘܟ‎, romanized: Kerkouk, Turkish: Kerkük) is a city in Iraq, serving as the capital of the Kirkuk Governorate, located 238 kilometres (148 miles) north of Baghdad. It is home to a diverse population of Turkmens, Arabs and Kurds, who lay conflicting claims to the city. Kirkuk historically has a Turkmen majority, but experienced demographic changes due to Arabization and Kurdification. The city sits on the ruins of the original Kirkuk Citadel which sits near the Khasa River.

Kirkuk was proclaimed the “capital of Iraqi culture” in 2010. It is claimed by the Kurdistan Regional Government as its capital. Kirkuk is also considered by Iraqi Turkmens to be their cultural and historical capital.

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The financial stability of Kirkuk has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Kirkuk

Renting out your Kirkuk buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Kirkukare – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Kirkuk and be prepared to change your initial outlook.
  • Thoroughly research the Kirkuk location with a special emphasis on fringe areas outside the main Kirkuk metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Kirkuk.
  • Ensure that your target investment property in Kirkuk appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Kirkuk properties yourself is an easy option, but are these savings justifiable when you run into Kirkuk red tape? Physis Realty Kirkuk office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Kirkuk buy-to-rent sector.

With our expert guidance, investing in Kirkuk provides the secure knowledge that your money is working harder than it would in a local Kirkuk bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Kirkuk, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Kirkuk property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Kirkuk

Flipping property in Kirkuk

Flipping property is when we advise clients to buy a Kirkuk property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Kirkuk market has a time to react to the renovation.

The Flipping Strategy in Kirkuk

Investment property flipping in Kirkuk is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Kirkuk real estate investments are sometimes referred to by professionals as ‘distressed’ Kirkuk real estate.

What is distressed Kirkuk property:

  • Kirkuk property in need of renovation
  • Kirkuk real estate with a change of puropose and use
  • Oversold Kirkuk property
  • Bank repossessions in Kirkuk

Put simply, long term investors in Kirkuk purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Kirkuk investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Kirkuk property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Kirkuk use a minimum profit value of 22% when looking at potential Kirkuk projects. The reason for this is because there are lots that can go wrong in Kirkuk property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Kirkuk

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Kirkuk, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Kirkuk should be entrusted to only the highest-quality agency.

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