The Russians tripled home Purchases in Turkey in 2022, making it the largest foreign buyer in the real market ownership in a drive Driven by Western sanctions that hit their home over It invasion of Ukraine.
The Russians bought a record 16,312 homes and wins list of Foreign buyers around last year, dropping Iranian and Iraqi citizens, who Rank second And thirdly, according to data from the Turkish Statistical Institute (TurkStat).
data points to a whopping 203% year-over-year increase and reverse how Many Russians sought to get financial haven in getting up of Moscow invasion of Ukraine and the repercussions of Western sanctions.
The purchases of the Russians were calculated for almost quarter of All sales to foreign buyers which increased by 15.2% year-over-year To the record The General Authority for Statistics said that 67,490 units. In contrast, sales in 2013 reached 12,181 units.
Iranians bought 8,223 homes last year The data showed that the Iraqis bought 6,241.
Ukrainian citizens who flew to join their privately residing relatives in Southern Province of Antalya also They boosted their purchases by 106.6%. year-over-year to 2574 units.
Among others, 2,705 houses were bought by German citizens and 2,702 by Kazakhs.
Salman Ozgun, head of Atanlya-based Helmann noted that challenges testing in global trade And international Direct investments last yearthough, he said, investors maintained interest in Turkey.
Ozgun particularly stressed that interest of Citizens of Both countries After the Russian-Ukrainian war. Here, he said, Antalya especially came forward and saw house Sales to foreigners increased by 76.5% from a year Ago.
Home sales to foreigners are accounted for for 4.5% of the total sales in Turkey in 2022, which decreased slightly by 0.4%. year-over-year to approximately 1.49 million homes.
Capital of Istanbul ranked first for foreigners for real Property with 24,953 homes sold. Followed by the popular city of Antalya holiday the target place, with 21,860, and another southern province, Mersin, with 4316.
Foreign buyers bought 6,386 homes in December alone, a drop of 18.6% of a year Accounting data shown for 3.1% of Total sales.
Russians again topped up list of foreigners with 2,403 homes were purchased last Month. They were followed by the Iranians and the Iraqis with 675 and 345 homes, respectively.
Nazim Dorbakayim head of Istanbul Builders Association (INDER) said that sales to foreigners made a great added the value in terms of foreign exchange flow.
“we also We hope that there will be efforts to promote foreign sales to qualified investors in 2023,” Durbakayim noted.
while, total house sales in December fell 8.2% year-over-year to 207,963 units.
data also Showed that pledged sales declined 51.8% in december of a year previously, and 4.8% in 2022 as a whole, which makes up 18.9% of All sales in the year.
Istanbul had it highest share of sales in 2022 with 17.5% or 259,654 units, followed by the capital, Ankara (8.5%), and the Aegean region of Izmir (5.6%), according to the Turkish Statistical Institute.
the fall in total Sales came in mid declining Supply and price hikes, yet again an offer how Families communicate view real As an attractive investment tool for shield themselves from inflation that rose to 24-year high in October before the equinox in the last two months.
Annual inflation rate fell sharply to 64.27% in December of 84.39% reported in November 2022 decline It was mainly driven by the so-called favorable base effect and distinction a second direct drop after inflation hit Glance of 85.5% in October.
the decline is expected to become more Clear in the first quarter of This is amazing year It is expected drop to 40% by mid-2023.
the government last year announced Several measures to strengthen home Sales and addressing the huge increase in prices more From weakness, as residents struggled to find affordable prices homes for rent or buy.
the government He introduced many relief measures to help Mitigating the repercussions of inflation, including the cap on Rent increase and unveiling of Great accommodation project for Low-income families.
Tamer Ozyurt, chair of Ozyurtlar Holding, said that the industry left behind a year Which was marked by very attractive prices for Foreign investors, mainly due to volatility in Foreign exchange rates.
Oziort said the foreign purchases kept the sector afloat during a period of domestic stagnation. market.
Ozgun Hillman expressed his expectations that interest of international investors in Turkish language real The estate will continue in 2023 and that Istanbul and Antalya will remain in the lead.
