Forbes: Russians Remain the Leading Buyers of Real Estate in Turkey
Over the past few years, Russians have maintained their status as the primary buyers of real estate in Turkey.
According to data provided by Forbes and the Turkish Statistical Institute (Turkstat), Russians once again ranked first among foreign investors in Turkish real estate in 2024. This year, they purchased 4,867 residential properties, reaffirming their strong interest in the market.
For comparison, Iranian citizens bought 2,166 properties in 2024, while Ukrainians purchased 1,631. This trend has been bolstered by economic and political instability in some countries, alongside Turkey’s appeal as a destination for living, vacationing, and investment.
Why Do Russians Choose Turkey?
1. Convenient Location and Climate
Turkey offers a mild climate that attracts Russians. The summer months feature warm seas, while winters bring comfortable temperatures, particularly in the Mediterranean and Aegean regions. Convenient transportation options, including direct flights, make moving and traveling hassle-free.
2. Investment Appeal
Turkish real estate remains affordable compared to markets in Europe or the U.S. Moreover, property prices in Turkey continue to rise, making purchases a profitable investment. Additionally, buying real estate in Turkey allows foreigners to obtain residence permits and apply for citizenship through investment.
3. Infrastructure and Quality of Life
Turkey is actively developing its infrastructure. Modern residential complexes equipped with pools, fitness centers, and playgrounds are the norm. High levels of safety, quality healthcare, and education also play a key role in decision-making.
4. Flexible Purchase Conditions
Options such as installment payments, transactions via power of attorney, and a well-established system for online sales simplify the process for foreign buyers. In 2024, nearly 70% of transactions with foreigners were conducted online, setting a new market standard.
Where Do Russians Buy Real Estate?
The most popular locations for Russians include:
- Antalya and Alanya: Mediterranean cities with developed infrastructure and large Russian-speaking communities.
- Istanbul: Turkey's business and cultural hub.
- Bodrum and Izmir: Ideal for those seeking tranquility and charm on the Aegean coast.
If you are also considering purchasing real estate in Turkey, our team at RestProperty is ready to assist you at every step—from selecting a property to obtaining your TAPU and citizenship. Contact us to start your journey toward making your dream a reality.
