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Russians actively buy up properties in Turkey

  • 12.05.2022
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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.

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