OREANDA-NEWS  In February, the demand of Russians for buying and renting housing in Turkey decreased by 60% compared to January, which is twice the usual seasonal decline of 25-30%, according to the Prian.ru . They associate the dynamics with the news background that arose due to the earthquake. Tranio Commercial Director Elena Milishenkova says that the number of applications for the purchase of real estate in Turkey in February decreased by 41%. This will affect the statistics on transactions in the future, she notes.

Buyers are now taking a wait-and-see attitude, many have postponed trips to Turkey, says Ekaterina Nikitina, founder of Nev Real Estate.

Turkey is one of the most popular destinations for buying foreign real estate. According to the local Institute of Statistics, in 2022, Russians purchased 16.3 thousand real estate objects here, which is more than three times higher than in 2021. NF Group points out that Turkey generated 30% of the demand of wealthy clients, ahead of the UAE (26%) and Cyprus (14%). According to the company, 61% of Russians in 2022 bought foreign real estate to obtain a residence permit (residence permit) or citizenship, 17% — for their own residence, 15% — as an investment.