Why do Russians prefer real estate in Turkey?
Statistical studies issued by the Turkish Statistics Department indicate an increase in the number of foreign investors who chose to own real estate in Turkey. According to the data of the General Directorate of Land Registry and Real Estate Survey, Iraqis ranked first in terms of the number of foreign property owners in Turkey, and second place was the Iranians and then the English The third, then the Germans, then the Russians, then the Saudis.
Statistical figures indicate a clear increase in the number of real estate owners in Turkey in recent times, as the number of real estates owned by Russians was about 2,893 properties or homes out of 45,500 properties sold to foreigners in Turkey, and the Russians’ tendency is not limited to owning real estate in Turkey only, but They ranked first in terms of the number of tourists in Turkey in 2019, reaching 7 million Russian tourists out of a total of 51 million foreign tourists.
Reasons that make Russians prefer to buy properties in Turkey?
- The decrease in real estate prices in Turkey compared to other European countries, in addition to the change in the exchange rate of the Turkish lira against foreign currencies.
- Low cost of living with quality services provided.
- The climate is warm and gentle compared to Russia’s, which is very cold.
- Low flight costs from Russia to Turkey and no need to request a visa from Russians when entering the Turkish border.
- High-end properties with a luxurious and beautiful urban style with stunning sea views.
- Seeking to acquire Turkish citizenship in addition to the possibility of obtaining an American investor visa of category E2
Russians prefer to buy apartments in Antalya:
According to the statement of the real estate expert, Mrs. Anastasia Valli, Russian citizens are famous for their penchant for the Mediterranean areas, especially the city of Antalya. The value of a square meter of residential property there is about $1,000 within luxury residential complexes served with the best facilities and equipment, and this is what they do not find in Russian residential complexes, in addition to their desire for Long vacations.
