Azerbaijani house purchases in Türkiye drop by 9%

Azerbaijani citizens bought 427 apartments in Türkiye during the first seven months of 2024, Report informs, citing the Turkish Statistical Institute.

According to the obtained data, this is a decrease of 9%, or 42 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 July alone, the number of apartments bought by Azerbaijani citizens in Türkiye stood at 88, which is 14 apartments, or 18.9%, more than in July 2023.

Overall, 12,929 apartments were sold to foreign citizens in Türkiye in January-July 2024, representing a decrease of 41.9%, or 9,317 apartments, compared to the same period last year. In July alone, 2,381 foreign citizens bought apartments in the country (435 apartments, or 15.5% less).

Most of the house buyers in July 2024 were Russian citizens, with 485 (287 apartments, or 37.2% less) apartments. In the first seven months of 2024, the Russians bought 2,908 apartments, down 4,320 apartments, or 2.5 times year-on-year.

The next place is occupied by Iranian citizens, with 1,221 apartments, 151 of which were purchased in July. This is 1,708 apartments, or 2.4 times, less than in January-July of last year, and 121 apartments, or 44.5% less than in July 2023.

Ukraine completes the top 3. Last month, Ukrainian citizens owned 171 apartments in Türkiye (25 apartments, or 17.1% more), and 896 apartments (188 apartments, or 17.3% less) in January-July.