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The demand of Russians for a residence permit and Turkish citizenship increased by 8.5 times

Business in Russia by Business in Russia
in Real Estate
The demand of Russians for a residence permit and Turkish citizenship increased by 8.5 times
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more than 8.5 times (+777.51%) compared to the result for 2021, 16 times (+1501.05%) compared to the result for 2020 and 23 times (+2222.96%) compared to 2019. This was told by experts of the investment company Garnet.

The peak of Russian interest in obtaining official status in this country came in 2022 in the fourth quarter. At the end of the year, the number of requests increased by 2 times (+108.81%) compared to the third quarter of the same year and 14 times compared to the fourth quarter of 2021.

October was the most active month of 2022 in terms of demand for citizenship and residence permits in Turkey from Russians. This month, the number of requests was 211.86% higher than the average monthly value for the previous year.

In addition, the sharpest increase in the number of requests in the entire history of observations on the peculiarities and subtleties of obtaining a residence permit and citizenship in Turkey occurred in September 2022. Thus, within the framework of the monthly dynamics in the ninth month, the interest of Russians grew by 260%. The previous record was set in March 2022, when the number of requests increased by 239% compared to February.

– The Turkish real estate market is so overheated today. Russian demand for housing in this country developed in waves – after February 24 and for a month after, the second wave happened due to the desire of many Russians to have time to obtain citizenship before June 12 at a price of $ 250 thousand and the third wave occurred after mobilization on September 21, 2022 . Now a new factor is starting to operate in Turkey, which is also likely to have an impact on prices, this factor will be the Chinese released from the 3-year quarantine. In this regard, we do not predict a halt in price growth in Turkey,” said Ekaterina Pozdnyakova, project manager at Garnet investment company.

Recall that earlier we reported that experts called Turkey the best destination for a family move.

The message The demand of Russians for a residence permit and Turkish citizenship has grown by 8.5 times appeared first on the Realty Times.

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