Azerbaijani citizens reduce purchase of houses in Türkiye by over 18%

In January-March 2024, Azerbaijani citizens bought 169 apartments in Türkiye, Report informs, citing the Turkish Statistical Institute.

This is a decrease of 18.3%, or 38 apartments, compared to the same period in 2023.

Thus, Azerbaijani citizens ranked 7th in the top ten on the list of home buyers in Türkiye.

In March alone, the number of apartments bought by Azerbaijani citizens in Türkiye stood at 57, which is 12 apartments, or 17.4% , less than in March 2023.

Overall, 5,729 apartments were sold to foreign citizens in Türkiye in January-March 2024, representing a decrease of 48.03%, or 5,296 apartments, compared to the same period last year. In March alone, 1,791 foreign citizens bought apartments in the country (1,650 apartments, or 1.9 times less).

Most of the house buyers in March 2024 were Russian citizens, with 411 (764 apartments, or 2.86 times less) apartments. In the first quarter of 2024, the Russians bought 1,361 apartments, down 2,544 apartments, or 2.9 times, from a year earlier.

The next place is occupied by Iranian citizens, with 590 apartments, 182 of which were purchased in March. This is 854 apartments, or 2.44 times, less than in January-March last year, and 290 apartments, or 2.6 times. less than in March 2023.

Ukraine completes the top 3. Last month, Ukrainian citizens owned 129 apartments in Türkiye (31 apartments, or 19.4% less), and 361 apartments (98 apartments, or 21.3% less) in January-March.