Russians own more real estate in Turkey
In recent years, Turkey has become an attractive destination for many foreign investors, especially Russians, who love its sunny weather and beautiful nature and in 2022, a new report comes every year showing that Russians are more able to buy real estate in Turkey, so what are the causes of this phenomenon? What is the impact of this on the Turkish real estate market? Let's get to know the details in this article.
Table of Contents
- Why are the Russians the most nationalities owning real estate in Turkey?
- Factors that prompted the Russians to invest in Turkish real estate
- More foreign nationalities are investing in Turkish real estate
- What are the reasons for the rush of Russians to real estate in Turkey?
- Pros of owning real estate in Turkey
- Places owned by the Russians in Turkey
- Common questions:
Why are the Russians the most nationalities owning real estate in Turkey?
According to the report issued by the Turkish Statistics Authority, the Russians come at the forefront of the most foreign nationalities owning real estate in Turkey during the year 2022, as the number of homes they purchased reached 16,312 homes as this report indicates the significant increase in Russian real estate investment in Turkey in recent years, which reflects the high confidence that Russian investors have in the Turkish real estate market.
This Russian interest comes after the value of real estate decreased by a large percentage in the major Russian cities during the last period, which prompted them to search for new and suitable alternatives, and they found this in the culture and beauty of Turkey.
Factors that prompted the Russians to invest in Turkish real estate
It seems that the picturesque nature of Turkey and the ideal climate for recreation and entertainment have a major role in attracting Russians to invest in Turkish real estate, as Russians flock to the southern coasts of the Mediterranean Sea in Antalya and Bodrum, as well as modern Istanbul, which is distinguished by stunning sea views and physical and mental comfort.
In addition, the serious government facilities provided by Turkey to foreign investors have contributed to making Turkish real estate more attractive and easier to obtain residence visas and in recent years the Turkish economy has boomed, making it an ideal real estate investment destination for all Russian investors who are looking for a safe and productive place to get good financial returns.
More foreign nationalities are investing in Turkish real estate
Turkey is famous as a distinguished investment destination for many foreign nationalities, as real estate investments in it are not limited to Russians only, but Turkey has also witnessed a large influx of investments from other nationalities such as European, Arab, American, Asian and others.
This increase in real estate investments in Turkey is due to the attractive factors provided by the country, such as: the suitable climate, the reasonable price of real estate and the financial facilities provided by the Turkish government to foreign investors, and all these factors make investing in Turkish real estate a safe and rewarding option for all.
What are the reasons for the rush of Russians to real estate in Turkey?
Among the factors affecting the high percentage of Russian ownership of real estate in Turkey, there are many important reasons, partly due to the high purchasing power of Russians and in addition to the availability of profitable investment opportunities in the Turkish real estate market, in addition to the ease of obtaining long-term residence in Turkey.
In addition, Turkey is a popular tourist destination due to its rich history and unique natural beauty, which attracts Russians to invest in real estate in this country and in addition, the Turkish government provides a number of different benefits to investors, including the option to obtain Turkish citizenship through the purchase of a property, and these exclusive opportunities and the high value of real estate, including the regions of eastern Anatolia and Turkish city centers, are an attractive market for Russian investors in this country.
Pros of owning real estate in Turkey
Real estate ownership in Turkey is considered one of the most prestigious and distinguished investments, as it has several advantages that make it superior to other countries, and among these advantages:
- Obtaining real estate residence in Turkey and granting it to the investor's family members under 18 years of age.
- Enabling the investor to obtain Turkish citizenship and the Turkish passport and ease of movement and travel to nearly 100 countries without making a visa.
- Real estate prices in Turkey attract attention and curb the expenses incurred by the investor in European countries and the European Union.
- Turkey is characterized by laws that support real estate investment for foreigners, and the investor also enjoys the advantage of free ownership of the property he buys.
- As for the popular real estate sites in Turkey, there are many of them: Istanbul and the Bosphorus, Ankara and the Greek Theatre, Antalya and Lara, Trabzon.
- Reaping revenues, returns, and huge financial profits by buying a property in Turkey and renting it during the summer and tourism seasons.
- Turkey is characterized by its richness in schools, universities and educational institutions that provide educational curricula with the best means and modern technologies.
- The city includes many hospitals and medical institutions that include medical personnel working to provide the best services, in addition to the presence of local clinics and pharmacies.
- Turkey has a solid infrastructure, as the Turkish government is investing in mega projects to attract investors from all over the world.
- The country is known for its mild climate throughout the world, in addition to being one of the cities that enjoy stunning views of the Marmara Sea and the Bosphorus.
- The real estate market in Turkey is characterized by its diversity, as it includes various types of Turkish real estate, including: villas, penthouses, duplexes, triplexes, studio apartments, and others.
- The country is safe and secure, as it witnessed a relatively low crime rate.
- Ease of movement between cities, as Turkey is known to contain a vast network of various types of transportation, such as: metro, dolmus, ferries, and others.
Places owned by the Russians in Turkey
Russian citizens tend to own real estate in several Turkish regions and states, but Antalya is often preferred as the first destination for real estate ownership by Russians, especially those who come to Turkey annually to spend the summer months on the warm beaches of Antalya.
Real estate in Antalya is very important for Russian citizens, due to its strategic location and natural beauty, as it attracts thousands of tourists looking for relaxation and luxury in a beautiful environment, and the high number of Russians who own real estate in Antalya is linked to the development of the growing relations between Turkey and Russia.
It cannot be overlooked that Istanbul also occupies an important place for the Russians as it combines tourism, trade, industry and economy, and is the largest city in Turkey in terms of population, with a population of 16 million, in addition to its proximity to Russia through flights departing from one of its airports in the European and Asian parts.
Common questions:
Is owning real estate in Turkey a right decision?
Of course, especially since the Turkish government provides facilities that attract investors and business leaders.
How can I obtain Turkish citizenship after buying a property?
Turkish citizenship can be obtained by purchasing a property worth 400,000 US dollars, provided that the pledge is made after the sale for a period of three years.
Is it permissible for foreigners to own property in Turkey?
Certainly, foreigners and Arabs may own real estate in Turkey, with the exception of a few nationalities.
The idea of buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing inreal estate in Turkey is only a way to gain Turkish citizenship orreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
The idea ofbuying real estate in Turkey has become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing inreal estate in Turkey is only a way to gainTurkish citizenshipor real estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
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