Which country’s citizens in Turkey were more active than others bought a house in the republic

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From January to May of this year, Russians were more active than citizens of other countries when buying real estate in Turkey. During this time, representatives of the Russian Federation bought a total of 5,723 housing units on the territory of the republic. reported on the website of the local National Institute of Statistics (TUIK).

Citizens of Iran, Iraq, Kazakhstan and Germany also entered the top 5 in real estate purchases from Turkey. Its shares are 2.3 thousand; 809; 605 and 564 flats, respectively. Thus, the Russians more than doubled their closest rivals.

“In the January-May period of this year, Russian citizens bought 5 thousand 723 houses in Turkey, an increase of 44.4 percent compared to last year. <…> In just five months, 16,8 thousand real estates were sold to foreigners in Turkey.”

June 3 newspaper “Kommersant” reportedHe said that after the announcement of the results of the presidential elections in Turkey, the real estate demand of Russians in the country increased by 20-50 percent in a week. After the victory of Recep Tayyip Erdogan, demand began to recover, including existing customers of local real estate companies.

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