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Sharp increase in housing demand of Russians and Ukrainians in Turkey

Emlakjet, one of Turkey's leading online real estate platforms, analyzed the increasing interest of Russian and Ukrainian citizens in buying and looking for housing in Turkey, in line with the movements in the database, with its monthly page views reaching 60 million and 15 million visitors. Accordingly, the housing searches of Russians and Ukrainians fleeing the war increased significantly compared to last year, and Antalya was the city where they searched the most.

Sharp increase in housing demand of Russians and Ukrainians in Turkey

According to TUIK data, in February 2022, house sales to foreigners increased by 55% compared to the same month of the previous year, while those looking for a subject in Turkey from Russia increased by 96%, and those looking for a subject in Turkey from Ukraine increased by 85%. The rising trend in the purchase of housing in Russia and Ukraine was supported by the housing search data of Emlakjet.com. Compared to February last year, housing searches from Russia increased by 51%, and Ukrainian searches by 63%.

With 60 million page views and 15 million visitors per month, Emlakjet, the leading platform of the real estate classifieds industry, provides information on the purchase and sale of housing in Turkey by Russian and Ukrainian citizens who migrated to different countries due to the war, in line with the movements in a database of 400 thousand real estate for sale and rental ads. demonstrated the mobility of searches.

Housing sales to foreigners increased by 55% in February compared to the same month of the previous year and became 4 thousand 591. In February, the share of house sales to foreigners in total house sales was 4.7%. While the house sales to foreigners reached the highest figure of the last two years, the people who bought a house in Turkey among Russian citizens increased from 259 to 509, almost doubling compared to the previous year. Housing purchases among Ukrainian citizens reached 111 in February, an increase of 85% compared to last year.

Emlakjet .com data confirmed the increasing demand for housing in Turkey by Ukraine and Russia. When compared to the same period of the previous year, searches for housing for sale in Turkey from Russia increased by 51 percent, while searches from Ukraine increased by 63 percent compared to the same month of the previous year.

First Choice of Russians and Ukrainians Antalya
According to Emlakjet.com data, the province of Antalya stands out in the housing searches of Russians and Ukrainians in Turkey. Antalya's share in housing searches was 31% among all searches among Russians and 32% among all searches among Ukrainians. While the province of Antalya ranked first in searches from both Russia and Ukraine, the provinces where the most residences were sought for Russia were Istanbul, Izmir, Ankara and Bursa, following Antalya. For Ukraine, following Antalya, the provinces most sought after for housing were listed as Istanbul, Mersin, Ankara and Izmir.

Great interest from the Russians to Beylikdüzü
7 percent of the housing searches made by Russian citizens in Turkey and 16 percent of Ukrainians are in Alanya. Among the most searched districts, Alanya is on the list for Russians; It was followed by Istanbul Beylikdüzü, Antalya Konyaaltı, Antalya Manavgat and Antalya Muratpaşa. After Alanya, the districts where Ukrainians seek housing the most are; Antalya Konyaaltı, Ankara Mamak, Antalya Finike and Manisa Alaşehir became.

Stating that wars are bad for all humanity and therefore cause intense migration movements in the world in recent years, Emlakjet CEO Tolga İdikat said that what happened between Russia and Ukraine has caused a wave of migration from both countries, much more intense than Ukraine in the region. stressed. Stating that such movements have various effects on the real estate market, Tolga İdikat said, “When we look at the sales data of TUIK and the housing search data of Emlakjet.com, we think that the recent war conditions have led Russian and Ukrainian citizens, as well as Turkish citizens living in these regions, to look for housing in Turkey. The annual increase trend of 51% for Russia and 63% for Ukraine, which we see in housing searches, supports the increase in house sales, which almost doubles in a year. In particular, the intense interest in Antalya is expected to increase the demand for real estate in this city in the upcoming period, and therefore, the prices of houses for sale and rental will rise above the expected," he said.

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