Which Investment Do The Russians Prefer To Make The Most In Turkey?

A strange thing happened this year. Russians top the list of foreign countries buying Turkish property. The number of homes they purchased rose 186.6% year-over-year in April. There are 1,152 of them. Iranians came in second with 905, followed by Iraqis with 714.

Why Russian investors prefer Turkey? Which cities do Russians like most? To get answers to all these questions, read our article now!

We will discuss where Russian investors like to invest in Turkey, why they choose to invest in Turkey, and the benefits of obtaining Turkish citizenship. Finally, we briefly introduce popular investment areas.

Where Do Russians Prefer to Invest in Turkey?

Helmann Yapı Chairman Selman Özgün noted that both Russia and Ukraine had increased interest in Turkey after the war. He also pointed out that this difference is particularly pronounced in Antalya. Antalya has always been a great place to visit in summer. For many years, Russians and Ukrainians have dominated the foreign population. That's why they continue to invest more in Mediterranean coats than in big cities. However, the largest cities are always considered by foreign investors.

Why Russian Investors Prefer Real Estate Investment in Turkey?

Given the particular Turkish economy, real estate prices in Turkey are quite reasonable for Russian buyers. Russian investors are considering buying waterfront real estate for less than $1,000 a square meter.

For that money, they could buy high-quality new complexes with swimming pools, gyms and children's playgrounds, said real estate analyst Anastasiya Falei. New buildings in Turkey are very different from new buildings in Russia. Of course, comfort attracts many Russian customers. Additionally, housing wages, taxes, and living and entertainment costs are relatively low in Turkey.

Housing affordability in Turkey has even created room for ordinary workers to invest. Buying a big house in Turkey is easier than buying a small house in a big Russian city.

 

Cost of Living

In Turkey, the biggest expense you will face is housing. Even that is much cheaper than Russia. 400 to 1500 TL per month is enough to cover household bills. The maximum cost of municipal tax and insurance is 700 TL per year.

An adult can live a fulfilling life with as little as 6,000 TL per month and no rent. It is possible for a foreigner to live a high-society life even when they are not in their home country.

 

Turkish Citizenship

Russian buyers like to spend holidays in Turkey with their families. Purchasing Turkish real estate can obtain citizenship for you and your family. A minimum purchase of $400.00 in property is required.

 

Summer Residence

Turkey has stunning Aegean and Mediterranean coasts. Unlike Russia's extremely cold weather, there are places in Turkey that are warm and sunny most of the year. Summer homes are cheaper than their counterparts in European countries, and summers in Turkey are more intense.

Culture

Russians like to visit Turkey because they are familiar with the culture there. They have a large Turkish Muslim population in Russia. In addition, workers are familiar with the Russian population and can usually speak Russian in tourist locations. You will not face language barriers when it comes to meeting your needs in Turkey.

Why Do Russians Want Turkish Citizenship?

The main reasons why Russians are interested in obtaining Turkish citizenship is the ability to enter Japan and Singapore visa-free, as well as gain additional benefits when applying for an E-2 visa in the US.

Top 7 Locations for Russian Investors

Russians have been popular tourists in Turkey for a long time. They're here not just for the summer, but for the long-term investment. We discuss the top locations they like to invest in, and whether those decisions make sense.

Istanbul

Since Russian tourists prefer to visit Turkey in summer, we have selected for you the best places to stay in Istanbul in summer. These are two of the most famous of the Princes' Islands, also known as the Prinkipos. Property prices in the Princes Islands are up 51.95% in 2021.

Buyukada

Buyukada has beautiful natural scenery and a lively atmosphere. One of the most famous things to do on the island is the island breakfast. This is a typical Turkish breakfast, but something special on the island.

Motor vehicles are not permitted on all Princes Islands. However, there is a lot to see on the island. So there are different transportation options. Still, we can't help but recommend cycling. You can easily rent bicycles there. Our final tip is to check out the mansions out there. They are beautiful large villas with large and beautifully decorated gardens.

Heybeliada

Heybeliada is the second largest of the Princes Islands. It has a cozy vibe compared to the bustling and crowded vibe of Buyukada.
At Heybeliada, you have the opportunity to tour the entire island by electric vehicle.

Izmir

In 2020, the total number of foreign companies investing directly in Izmir reached 2,823. It is one of the largest cities in Turkey and attracts the interest of investors from different industries. Often referred to as the Pearl of the Aegean, the city dates back 8,500 years. It is a rapidly growing city and the real estate industry offers great opportunities for investors and those interested in acquiring a great lifestyle.

Antalya

Antalya has 300 days of sunshine per year and 163 Blue Flag beaches. It is the preferred leisure beach resort for foreigners. It is also convenient, as important facilities and public services are easily accessible.

The chances of not being profitable are slim as property values ​​in Antalya have only increased and the graphs show no signs of a future downward trend.

Alanya

Alanya receives many foreign real estate investments as it is considered a safe bet. Alanya has improved in comfort and urban development. Alanya International Airport is now open. Thus, domestic and international flights make transportation easier for non-locals. Sports facilities mainly including golf courses will be built and put into use soon.

Another advantage of this field is the number of investment guides. You can always find someone experienced in guiding your investments in the area.

Fethiye

Fethiye is a peaceful and heavenly place. It doesn't have the overwhelming atmosphere of many hot spots. That's why it's popular with vacationers and investors.

It is famous for its small bay Ölüdeniz. The water is crystal clear and the scenery is superb. Also, the Blue Lagoon of Oludeniz is listed among the 5 most beautiful beaches in the world.

New settlements are being built in the area, but this has not reduced the demand for already established settlements. Also, there is no risk of not being able to sell the property you invested in.

You can easily find properties to invest in in these areas or any other area you desire.