The Russians are the most active buyers of Turkish property

The Russians are the most active buyers of Turkish property

Turkey no longer is the "All-Russian health resort" and is rapidly becoming a Russian "holiday village". According to statistics, this year the Russians were the most active buyers of Turkish property, ahead of Germans and Britons, according to ee24.com.

In the first 8 months of 2013, Russians bought around 1,300 properties in Turkey - more than members of any other nation. Turkey attracts Russians with its transport accessibility and European comfort.

Most often, the Russians are buying a house in resort cities along the Mediterranean coast of Turkey, such as Antalya and Kemer. Price preferences of Russians negotiates within €25,000 - €150,000. Usually it's one- and two-bedroom apartments in apartment complexes near the sea. Often these items are purchased for subsequent lease.

Economy-class housing in Turkey costs about €1,000 per sq.m, with the opportunity to purchase an apartment and for €300 per sq.m. The cheapest apartments in the resort towns are from €25,000, and houses from €65,000. Elite Residence at the prestigious Turkish resorts worth an average of €2,500 per sq.m. Square meter of housing in the private cottage settlements averages of €2,000 per sq.m, and depending on the area of the house prices range from €400,000 to € 1,000,000.

It is worth noting that property prices in Turkey are growing at an unprecedented pace. Thus, according to the agency Knight Frank, at the end of the first half of 2013 the cost of housing has increased by 12.2%, while the elite real estate increases in value by 7-10% per year.