RUSSIAN LEADERS IN HOUSING PURCHASING IN TURKEY

Author: Luxury Estate Turkey Viewed 305 times 19 October 2022

Due to the Ukraine-Russia war, there were significant shifts in the sales of housing to foreigners on the basis of countries. According to the latest developments, Russia has been in the first place in housing purchases in Turkey for the last six months, according to TUIK data.

Turkish Statistical Institute (TUIK) announced January-September 2022 housing sales data. According to these data; Foreign investors bought 49,644 of the 1 million 57 thousand 193 houses sold in the January-September period. In the ranking of the country that sells the most real estate from Turkey, Russia has been in the first place for six months.

İbrahim Boztaş, Chairman of the Executive Board of Luxury Estate Turkey, evaluated the figures announced by TÜİK. Boztaş noted that in the first nine months of 2022, 1 million 57 thousand 193 houses were sold in the country and the increase was 11.4 percent compared to the same period of the previous year.

Explaining his views on the latest developments in housing sales to foreign investors, Boztaş said, "According to TUIK data, 49 thousand 644 of the 1 million 57 thousand 193 houses sold in the January-September period were bought by foreign investors. Thus, the increase in housing sales to foreigners was 32.5 percent compared to the same period of the previous year. People from 80 different countries buy real estate in Turkey today. Until today, Iraq was at the top of the list and Iran was at the second. This situation changed with the Russia-Ukraine war. Since April, Russia has been the first in the list of "countries with the highest sales in Turkey" announced by TUIK. In the January-September period, the number of residences the Russians bought from us was 9311. Our monthly average in house sales to Russians is in the thousands. I think that the mobilization order announced in Russia will increase Russian-centered interest. We expect the interest to continue to increase until the end of the year.”

Foreigners prefer Turkey

According to TUIK data, the other five countries that buy the most housing from Turkey are Iraq, Iran, Kazakhstan, Germany and Ukraine. Stating that Turkey is among the top 10 worldwide in housing sales to foreigners, Boztaş said, “Turkey has become one of the 10 countries that attract the most investment in real estate with its promotional activities in recent years. Foreigners buy real estate in Turkey to invest or live. The interest shown in our country will continue to increase in the coming years.”

23 February 2025
Alanya Real Estate Market Growth: Tourism Fair Highlights Impact on Luxury Property Investment
Alanya Real Estate Market Growth: Tourism Fair Highlights Impact on Luxury Property Investment Discover how Alanya's success at Ferie For Alle Tourism Fair impacts luxury real estate investment. Read more
10 August 2024
Traditional Turkish Bazaar
Traditional Turkish Bazaar In Alanya, weekly bazaars offer cheaper and fresher produce than stores. They operate once or twice a week, accept only cash, and bargaining is possible. Read more
25 July 2025
Sea View Villas in Alanya and Turkish Citizenship by Investment: A Complete Guide for 2025
Sea View Villas in Alanya and Turkish Citizenship by Investment: A Complete Guide for 2025 Invest in a sea view villa in Alanya and secure Turkish citizenship legally and safely in 2025. Learn how to protect your capital and gain a second passport. Read more
08 February 2025
Why Now is the Best Time to Buy Property in Turkey (Before Prices Rise!)
Why Now is the Best Time to Buy Property in Turkey (Before Prices Rise!) Explore why now is the perfect time to invest in Turkish real estate. Analysis of interest rates, market trends, and expert predictions for property buyers. Read more
10 August 2024
Things to do in Alanya in August
Things to do in Alanya in August August in Alanya offers beach time, tours, diving, nightlife, paragliding, and visits to local markets and festivals for a fun-filled vacation. Read more
0
Live chat
Offline
Chat Service Provider Live Support Provider Alanya Digital Solutions
No Active Representatives

We're currently unavailable, but we'd love to get back to you. Please leave your contact information.