Russians record top purchasers of property in Turkey

2023-08-21 06:05:09

(MENAFN) The Turkish statistics organization TUIK stated this week that Russians took first place in the list of overseas purchasers of land in Turkey in July.

A sum of 109,000 flats were traded in Turkey the previous month, up 16.7 percent from the same month the previous year, the info presented. Of this number, 2,801 assets were bought by outsiders.

Russians purchased 772 flats, taking number one in the list of foreign purchasers in July, deposing Iranian (272) as well as Iraqi (204) residents, who came in second as well as third.

Antalya, Istanbul also Mersin were the most common locations for foreign acquisitions, based on the statement.

Previous info presented that Russian resident tripled home acquisitions in Turkey last year, after restrictions provoked them to quit participating in Western nations.

Real estate rates in Turkey have surpassed double the rate in insignificant standings since last May because of increasing inflation, based on the nation`s central bank.

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