Russians’ interest in buying housing from abroad dropped by 32-45 percent. This was “reported by”Kommersant”
It was reported that the decrease in demand was 60-70 percent in Turkey and 25-30 percent in the UAE. At the same time, the average transaction size of Russians with foreign real estate increased by 23.5 percent in 2023 compared to 2022, reaching 247 thousand euros. The reason for this situation is said to be the “cooling down” of demand after the boom. 2022 was associated with a large influx of immigrants leaving the country following the start of the Northern Military District and the declaration of partial mobilization.
Before that, Ministry of Justice of Georgia reportedHe said Russians are starting to buy more real estate in the country. During the 11 months of 2023, Russians bought 5,784 apartments in Georgia; That’s 360 more than all of last year.
Also, according to the publication, citizens of the Russian Federation began to buy more land plots in Georgia – if 1,625 were purchased for the whole of 2022, then in 11 months of this year – already 1,872.
Early departure of immigrants in the name A humanitarian disaster for Russia.