Turkey

Since 2019, Turkey has been leading the ranking of countries among buyers of foreign real estate from Russia. In 2022, Russian citizens purchased 16,312 properties, which is 3 times higher than in 2021. In second place is Iran - 12%, in third place - Iraq - 9%, Germany, Kazakhstan and Ukraine account for 4%.

Turkish citizenship can be obtained by investing in real estate worth $400,000 or more. The document allows you to travel without a visa to 100+ countries and obtain a tourist visa to the USA and Canada. Automatically issued to spouses and children under 18 years of age.

In 2022, more than 1,400,000 residential properties were sold in the country. The country maintains a high rate of housing commissioning. Last year, 126.9 million square meters of housing and 632 thousand properties were put into operation. Russia ranks first in the number of transactions among foreign investors.

Real estate in Turkey has high rental potential. The long tourist season allows us to keep prices consistently high for tenants and the hotel business for 8 months. Taking into account the long tourist season, prices remain the same, and occupancy remains at 80%.

In 2022, the most popular locations for buyers were: Istanbul - 37%, Antalya - 32%, Mersin - 6%, Ankara - 4%, Bursa - 3%. Those cities offer a wide selection of real estate: from cozy studios to luxurious villas on the coast.

Istanbul has a population of over 15 million. The city on one side has access to the Bosphorus Strait, from the south it is washed by the Black Sea, and from the north by the Marmara. Istanbul is divided by a strait into two parts: European and Asian. Prestigious areas: Besiktas, Sariyer, Kadikoy.

The friendly state ranks 16th in the world in terms of GDP (1.3% share of global GDP) according to 2022 data. Stable economic growth: over the last 17 years, the country has risen by 7 places. Since 2013, Turkey has added about 6.2 million new jobs.

Turkey is a global logistics hub in the passenger and cargo transportation segments. Istanbul Airport currently welcomes more than 90 million passengers a year and serves flights to more than 350 destinations. The republic has become one of the main transit hubs for Russian business.

Turkey has one time zone GMT+3. The time matches Moscow. The distance between Moscow and Istanbul is 1756 km. Direct flights to Istanbul are carried out daily from Vnukovo, Sheremetyevo and Domodedovo airports.