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Russian house Purchases in Turkey up 199% in 9 months

by John Pierce
July 3, 2023
in Business
1 min read
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Russian housing investment in Turkey increased by 199% in The first nine months of The year compared to the same period of 2021, according to official data.

Russian citizens bought about 9,311 homes in The period from January to September, which is among the monuments of The war between Russia and Ukraine.

Total housing sales to foreigners across the country increased by 32.5% on on an annual basis in Data from the Turkish Statistical Institute (Turkstat) showed that the period from January to September reached 49,644.

In the first nine months of The yearinterrupt with Most of the housing sales were Istanbul with 19594 units.

about 40 out of All 100 homes were sold to foreigners across the country made in immensity.

Istanbul follows the Mediterranean city of Antalya with 14,656 units south of Mersin with 2,596, the capital of Ankara with 2,295 northwest of Bursa with 1532 northwest of Yalova with 1375 and West Sakarya with 1,054.

Western Izmir and Black Sea Provinces of Samsun and Trabzon also in Top 10.

Since March, there has been a rapid increase in the number of Housing purchased by Russian and Ukrainian citizens.

In the first nine months of last year Russians bought only 3,115 homes.

the number of Homes bought by Ukrainians also It rose 125% to 1775.

In the nine months of The Iranians bought 6,540 units, followed by the Iraqis with 5,255 German citizens with 2058, Kazakhstan with 2045 Afghan with 1,487 Kuwaiti with 1318 Yemeni with 1045 and the Americans with 1032.

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