the grand interest of Russians and Ukrainians fleeing the war sent home sales and locations in their beloved holiday place in Turkey through the roof, according to data and industry officials.
More of Ukrainians cannot return to their country, which is under constant bombardment, while Russians fear they will not be able to go back home car of extensive western sanctions on Moscow.
In the face of uncertainty since Russia launched a invasion of son southern neighbor last months, some flew to join their relatives residing in the Mediterranean seaside resort city of Antalya, while others have opted for location Where real real estate purchases.
The rents and house prices have skyrocketed in more of popular neighborhoods in Antalia. Residential property Sales in the province jumped nearly 28% year-over-year in February to 4,727 units.
Some 1,099 of these were purchased by foreign buyers, according to data from the Turkish Statistical Institute (TurkStat), or 106.2% year-over-year to augment.
The Russians came in third among the best buyers last month with 509 houses, after the Iranians with 711 and Iraqis with 633 houses.
The real impact is expected to be felt once the March figures are released, car invasion started on February 24.
Rents have almost tripled
But industry officials say some Russians were collectively buying 20-30 apartments at a time, while rents nearly tripled from around TL 3,000 ($202) to between TL 8,000 and 10,000, according to business Dünya daily.
Antalya came in second after Istanbul among the provinces with the highest sales to foreigners last months, said Davut Çetin, the head of Antalya Room of Trade and Industry (ATSO).
It ranks fourth after Istanbul, the capital Ankara and the Aegean province of Izmir in total monthly home sales, he said.
Overall sales to foreigners climbed 54.9% in February year-over-year at 4,591 properties, according to the data, with Iranians, Iraqis and Russians buy the most properties.
“In February, the share of strangers in all house sales were 5.65% in Turkey and 23.24% in Antalya,” Çetin told Dünya.
Uğur Iron, a real real estate broker and senior framework of TamNoktaNeo, said the popularity of the property sector in Antalya surged after the start of the conflict.
Wealthy Russian citizens are breaking into real succession due to Western sanctions, Fer said, suggesting there were around 30,000 Russians and more more than 9,000 Ukrainian residents living in the city of nearly 2.7 millions.
“Real estate sales have been gaining momentum in Antalya due to the war between Russia and Ukraine. Among wealthy Russian citizens who have settled near their relatives in Antalya, there are who collectively purchased between 20 and 30 apartments,” he noted.
Prices are soaring
Fer pointed out they were missing of Properties. Some 45 to 50 apartments have been sold in the last six just seven days away, he noted, adding that he had recently completed 22 real real estate contracts for his company.
“With the perspective of return, rents for three to four months are also growing,” he said. added. Prices of Houses in Antalya range from 1 million TL to 1.2 million TL and reach up to 2.2 millions of TL, according to on the size and the location of the propertydit Iron.
“Prices have seriously gone up,” he added, suggesting that Lara and Kundu were the regions in the city preferred by Russian and Ukrainian citizens.
Ender Anatca, the owner of Alyans real estate company operating in Konyaaltı district in Antalya, said rents had almost tripled, but warned there was a very limited price cash the influx from Russia, which triggered a slowdown in sales to foreigners in the Konyaaltı region.
we card giants MasterCard and Visa have suspended Russian operations, although Russian cardholders in Turkey is capable of access their funds through the country’s national payments system Mr.
Restrictions on card payments and air operations have also aroused fears of a recession in Russian tourism in Turkey, a key The source of income for the country.
the grand interest of Russians and Ukrainians fleeing the war sent home sales and locations in their beloved holiday place in Turkey through the roof, according to data and industry officials.
More of Ukrainians cannot return to their country, which is under constant bombardment, while Russians fear they will not be able to go back home car of extensive western sanctions on Moscow.
In the face of uncertainty since Russia launched a invasion of son southern neighbor last months, some flew to join their relatives residing in the Mediterranean seaside resort city of Antalya, while others have opted for location Where real real estate purchases.
The rents and house prices have skyrocketed in more of popular neighborhoods in Antalia. Residential property Sales in the province jumped nearly 28% year-over-year in February to 4,727 units.
Some 1,099 of these were purchased by foreign buyers, according to data from the Turkish Statistical Institute (TurkStat), or 106.2% year-over-year to augment.
The Russians came in third among the best buyers last month with 509 houses, after the Iranians with 711 and Iraqis with 633 houses.
The real impact is expected to be felt once the March figures are released, car invasion started on February 24.
Rents have almost tripled
But industry officials say some Russians were collectively buying 20-30 apartments at a time, while rents nearly tripled from around TL 3,000 ($202) to between TL 8,000 and 10,000, according to business Dünya daily.
Antalya came in second after Istanbul among the provinces with the highest sales to foreigners last months, said Davut Çetin, the head of Antalya Room of Trade and Industry (ATSO).
It ranks fourth after Istanbul, the capital Ankara and the Aegean province of Izmir in total monthly home sales, he said.
Overall sales to foreigners climbed 54.9% in February year-over-year at 4,591 properties, according to the data, with Iranians, Iraqis and Russians buy the most properties.
“In February, the share of strangers in all house sales were 5.65% in Turkey and 23.24% in Antalya,” Çetin told Dünya.
Uğur Iron, a real real estate broker and senior framework of TamNoktaNeo, said the popularity of the property sector in Antalya surged after the start of the conflict.
Wealthy Russian citizens are breaking into real succession due to Western sanctions, Fer said, suggesting there were around 30,000 Russians and more more than 9,000 Ukrainian residents living in the city of nearly 2.7 millions.
“Real estate sales have been gaining momentum in Antalya due to the war between Russia and Ukraine. Among wealthy Russian citizens who have settled near their relatives in Antalya, there are who collectively purchased between 20 and 30 apartments,” he noted.
Prices are soaring
Fer pointed out they were missing of Properties. Some 45 to 50 apartments have been sold in the last six just seven days away, he noted, adding that he had recently completed 22 real real estate contracts for his company.
“With the perspective of return, rents for three to four months are also growing,” he said. added. Prices of Houses in Antalya range from 1 million TL to 1.2 million TL and reach up to 2.2 millions of TL, according to on the size and the location of the propertydit Iron.
“Prices have seriously gone up,” he added, suggesting that Lara and Kundu were the regions in the city preferred by Russian and Ukrainian citizens.
Ender Anatca, the owner of Alyans real estate company operating in Konyaaltı district in Antalya, said rents had almost tripled, but warned there was a very limited price cash the influx from Russia, which triggered a slowdown in sales to foreigners in the Konyaaltı region.
we card giants MasterCard and Visa have suspended Russian operations, although Russian cardholders in Turkey is capable of access their funds through the country’s national payments system Mr.
Restrictions on card payments and air operations have also aroused fears of a recession in Russian tourism in Turkey, a key The source of income for the country.