Russians have become leaders among real estate buyers in Turkey in the first five months of 2022, Kalinka Group reported, and buyers from Ukraine have entered the top five most active investors in Turkish real estate.
“The share of foreign buyers in the overall structure of real estate transactions in Turkey from January to May 2022 amounted to almost 5%,” said Alexander Shibaev, Development Director of Kalinka Group.
In second place among foreigners in Turkey are buyers from Iran with a share of 14%. Iraq closes the top three with 12%.
In fourth place is Kazakhstan, which has 4%. Afghanistan, Germany, Ukraine and Yemen have the same shares.
In total, foreigners purchased 27,048 properties in Turkey during the reporting period.
The share of foreign buyers in 2022 increased by 15% compared to last year and became the highest in the last five years.
The number of transactions with foreigners in 2022 increased by 70% compared to last year’s figures for this period.
