In 2024, Russians took first place among foreign citizens in purchasing housing in Turkey for the third year in a row, despite a decrease in the number of transactions compared to previous years.
The reasons for the decline in demand for the Turkish real estate market, according to experts, are as follows:
- Unstable economic situation in Turkey.
- Inflationary pressure and depreciation of the national currency.
- Complicated conditions for making payments abroad.
- Weakening of the ruble.
- Tightening of the rules for obtaining a residence permit and citizenship.
- Political instability or conflicts.
Experts predict that the number of transactions involving Russians in the Turkish real estate market will continue to decline in 2025 due to high inflation and prices in the country, although some of them expect a moderate increase in demand for real estate in the short term.
Most experts believe that Turkey will still be attractive to buyers from Russia due to its mild climate, convenient location and relatively affordable housing prices compared to European countries.
According to experts, popular destinations for Russians when choosing housing are:
- Istanbul, due to its geographical location and actively developing infrastructure.
- Antalya, where buyers are attracted by a wide choice of housing, modern infrastructure and a large number of universities.
- Bodrum, where elite villas with spacious plots of land are most in demand.
Depending on the region, Russians purchase different real estate, determined by personal preferences and market characteristics.
The reasons for the decline in demand for the Turkish real estate market, according to experts, are as follows:
- Unstable economic situation in Turkey.
- Inflationary pressure and depreciation of the national currency.
- Complicated conditions for making payments abroad.
- Weakening of the ruble.
- Tightening of the rules for obtaining a residence permit and citizenship.
- Political instability or conflicts.
Experts predict that the number of transactions involving Russians in the Turkish real estate market will continue to decline in 2025 due to high inflation and prices in the country, although some of them expect a moderate increase in demand for real estate in the short term.
Most experts believe that Turkey will still be attractive to buyers from Russia due to its mild climate, convenient location and relatively affordable housing prices compared to European countries.
According to experts, popular destinations for Russians when choosing housing are:
- Istanbul, due to its geographical location and actively developing infrastructure.
- Antalya, where buyers are attracted by a wide choice of housing, modern infrastructure and a large number of universities.
- Bodrum, where elite villas with spacious plots of land are most in demand.
Depending on the region, Russians purchase different real estate, determined by personal preferences and market characteristics.
