Euro rates
  • USD/RUB92.2262
  • GBP/RUB116.6012
  • TRY/RUB2.8529
  • EUR/RUB99.7057
Alanya
+15°C
2281apartment on site

Russians actively buy up properties in Turkey

  • 12.05.2022
  • 1739
  • 1
  • 1
Russians actively buy up properties in Turkey

For the past year, the growth of real estate sales reached 116% in Turkey. The first two months of this year showed that the housing demand is not declining. As of February, the sales growth has already reached 20%. 70% of the total volume was transactions with ready-made properties. If the initial interest of Russians in Turkish assets was connected with the depreciation of the Turkish lira, in March and April it was caused by the situation with the Ukrainian crisis. Sanctions imposed by European countries have almost taken away from Russian citizens the opportunity to purchase real estate in Europe. Turkey did not support the restrictions imposed. This contributed to the sales growth to foreigners.

Read also
  • Russians lead in number of property transactions in Turkey in january 2024
    In the first month of the current year, Russian residents bought 55 residential properties in Turkey. This represents 21.3% of the total volume of sales to foreigners. In second place after the Russians are Iraqis with 208 transactions, and Ukrainians complete the top three with 127 properties. The...
    01.03.2024
  • Turkish authorities raise the minimum price of real estate for citizenship
    The Turkish government has decided to increase the minimum cost of buying real estate for foreign nationals to obtain citizenship. If some time ago they could buy a house or apartment for $250,000, now only investors who purchase real estate for $400,000 will become citizens of the country. The...
    04.05.2022
  • Rental housing in Turkey becomes 4 times more expensive
    The cost of renting real estate in Antalya has increased 3-4 times. If earlier it was possible to rent apartments at the resort for $173 per month, now this price is $720 (as of 5 May 2022). Moreover, the demand for buying real estate has increased in the country: many buyers consider the purchase...
    28.04.2022
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer