properties auctioned

The confiscation of Armenian properties by the Ottoman and Turkish governments involved seizure of the assets, properties and land of the country's Armenian community. Starting with the Hamidian massacres and peaking during the Armenian genocide, the confiscation of the Armenian property lasted continuously until 1974. Much of the confiscations during the Armenian genocide were made after the Armenians were deported into the Syrian Desert with the government declaring their goods and assets left behind as "abandoned". Virtually all properties owned by Armenians living in their ancestral homeland in Western Armenia were confiscated and later distributed among the local Muslim population.
Historians argue that the mass confiscation of Armenian properties was an important factor in forming the economic basis of the Turkish Republic while endowing the Turkish economy with capital. The appropriation led to the formation of a new Turkish bourgeoisie and middle class.

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