In 2022, Russians bought more homes in Turkey than residents of 10 countries combined, including the US, UK and China. These data are shared by Best House Alanya experts.
It is noted that at the end of 2022, Russians purchased 16.3 thousand properties in Turkey. This result exceeded the number of Russian transactions in 2021 by more than 3 times (+203.25%) and more than 5 times (+429.95%) the result for 2020. So, in 2021, Russians bought 5.3 thousand real estate objects in Turkey, and in 2020 3.07 thousand objects.
Also, according to the results of 2022, Russians bought more real estate in Turkey than residents of the USA, Great Britain, China and 10 other countries combined. Thus, the share of Russian transactions in Turkey last year in the top twenty was 29.4%, in 2021 Russia was in third place in terms of the number of foreign transactions with a share of 11.2% in the top twenty. However, now foreign transactions in Turkey have slowed down.
More expectations in the Turkish market are associated with the upcoming elections in May 2023. The new government can change a lot, and there are rumors about the closure of real estate sales in this country for foreigners. If this happens, it will lead to the collapse of all real estate agencies and a sharp drop in prices,” said Valentina Ledeneva, head of the company’s sales department.
According to the expert, now the real estate market in Alanya has become more oriented towards Russian-speaking demand. For example, sales of a project started near Mahmutlar, which was aimed specifically at those who speak Russian. Specialization justified itself and most of the houses with small land plots of 2 acres were bought up by residents of Russia and Kazakhstan.
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