Every fifth apartment bought by foreigners in 2022 was purchased by Russians

Every fifth apartment bought by foreigners in 2022 was purchased by Russians

Head of the Board of Directors of the Association for the Promotion of Real Estate Abroad (GIGDER) Omer Faruk Akbal shared significant indicators for Turkey: as for transactions with foreign investors, this year every fifth was concluded by Russians. 

 

The average amount of investment for the purchase of housing for interested parties from abroad who choose any of the branded lots is currently $245,000; a number of potential investors, when deciding on an object, are guided by data provided by companies such as Kinght Frank and Savills - specializing specifically in states where real estate provides an opportunity to earn good money.

 

«We have taken the lead from countries such as the United Arab Emirates, Thailand, Montenegro and Greece. Becoming the country where Russians buy housing the most», Mr. Akbal said. 

 

In the context of the current political and economic situation, even from visa-free countries for citizens of the Russian Federation, Turkey stands out favorably and Russians like the climate, and comfort, and territorial proximity. Moreover, airlines are increasing the number of flights between Turkey and Russia one after another: «Pobeda» will also resume regular flights soon.

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