If you get out of the hotel during your vacation and walk around the Turkish coastal towns and their surroundings, you can find many houses or villas for rent. A considerable part of these houses belong to Russian citizens, and their number is only growing every year.
The reasons why Russians like to invest in Turkish real estate
Let’s look at what are the reasons for the increased interest of Russians in Turkish real estate. And what benefits and advantages do they get?
About 5-10 years ago, Russians actively bought real estate in Bulgaria and Spain, but in recent years the number of such transactions has decreased significantly. More and more Russians prefer to invest in real estate in Turkey.
Why has Turkish real estate become more attractive to Russians than real estate in Spain and Bulgaria? Here are the main reasons:
1. Accessibility
Turkish real estate has been on sale since the very beginning and remains currently inexpensive compared to apartments in Spain and in Russian cities. It is quite difficult for an average Russian to save up for an apartment in a large Russian city, let alone buy it in Moscow.
In Turkey for $ 1000 per sq. m. You can easily find apartments in a residential complex with a gym, swimming pool, children’s playground and excellent sea views, which is impossible to imagine in Russian cities. You can choose an object whose cost will be lower than a small apartment in large cities of Russia. This makes Turkey very attractive for investment among buyers who do not have a large budget.
2. Climate and culture
The pleasant climate, distinctive culture and delicious food attract many foreign citizens to Turkey every year. And Russians, who especially appreciate the sunny Mediterranean climate, are no exception. That’s why millions of tourists from Russians visit Turkey every year. Many people spend a long vacation here with their family lasting 3-4 months.
After visiting Turkey as a tourist, many people decide to buy real estate or even move here with their family for permanent residence.
3. Low cost of living
In addition to affordable real estate prices, there are many other financial advantages of living in Turkey. The cost of products and various services, low taxes, and in general, the cost of living in Turkey is significantly lower than in Of Russia. This allows many middle-class Russians to move to Turkey and get more comfortable living conditions.
4. Excellent location
Russians mostly prefer houses near the beach or overlooking the sea. The choice of such facilities on the Turkish Mediterranean coast is impressive.
Buyers with an above-average budget are especially attracted to villas in areas such as Belek or Boazkent. Located here on the Mediterranean coast, villas often have beautiful gardens. In addition, these areas are relatively sparsely populated and are in high demand at the moment, during the pandemic. If you are looking for a quiet place where you can retire and spend the summer in peace, then these areas are perfect.
5. Turkish citizenship
In September 2018, the Turkish government made it easier for foreign investors to obtain citizenship. To do this, it is enough to invest the equivalent of $ 250,000 in Turkish real estate.
You may ask how Russians might be interested in Turkish citizenship?
Well, there are many reasons. Of course, they may be different for each person, but there are advantages common to all. Many Russian businessmen are interested in the possibility of visa-free entry to Japan and Singapore. In addition, it is easier to obtain an E-2 visa to the United States with Turkish citizenship.
6. Accommodation for summer holidays
Not all Russians want to move to Turkey for permanent residence, but many may be interested in buying real estate in Turkey as a summer residence. There is a long swimming season here, it will be enough not only for a good rest with your families, but also for renting out your real estate and earning additional income.
And let’s not forget about the beautiful beaches that you can see and visit every day!
7. Source of additional income
Many foreigners invest in Turkey for one good reason. Namely, to have a reliable and secure source of income that brings good profits every year.
You can enjoy your vacation at your own discretion, and the rest of the time rent out the property. The best part is that you don’t have to do anything yourself. It is enough to hire a reliable and experienced real estate agent, and he will do everything necessary for you!
English 
Russian 
German 
Polish