Middle East

Iran: land of new beginnings?

Iran’s agreement to curtail uranium enrichment last month reopened this $406bn economy to trade with the West for the first time in 12 years. But will this translate into international real estate opportunities? 


 

On 16 January this year, six world powers and the Islamic Republic of Iran reached a landmark agreement, lifting the sanctions that have crippled the country’s economy for more than a decade.

On the face of it, the move opened the doors to a new global investment hotspot. With the second-largest economy in the Middle East and North Africa – its GDP is $406.6bn (£282bn) – Iran…

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