Antalya is at the top in housing sales to foreigners
In Antalya, which continues to receive immigrants from two countries due to the war between Russia and Ukraine that started last year, especially Russian housing investment continues to increase rapidly. Housing sales to foreigners in Antalya increased by 21 percent in the first 3 months of the year. It was stated that 38 out of every 100 residences were sold to foreigners in Antalya. The foreigners with the highest sales were Russians, Germans, British and European countries.
Antalya, one of the most important centers of the world in tourism, is one of the most preferred cities for settled life for citizens of CIS countries, especially European countries and Russia. According to the data of the first three months of this year, Antalya, which has passed Istanbul after many years and sold the most residences to foreigners, continues to receive immigration from these two countries for settled life, with the effect of the Russia-Ukraine war that started in February of last year.
Record Increase in Housing Sales to Foreigners in Antalya
According to the end of March data of the Turkish Statistical Institute, a total of 4,177 residences were sold to foreigners in the first three months of this year in the three-month period of 2023. While there was a record 21 percent increase compared to the same period of the previous year, Antalya had 38 percent of the total house sales to foreigners in Turkey with this number.
Housing sales to foreigners are still being made in Antalya. The sale of real estate to foreigners in Turkey is subject to certain conditions and procedures. In order for foreigners to purchase housing in Turkey, they must first comply with the rules set by the General Directorate of Land Registry and Cadastre. In this process, factors such as the nature of the real estate and the nationality of foreign buyers play an important role. However, it would be more appropriate to contact official sources in Turkey or consult an investment advisor to obtain precise and up-to-date information.
