Rising Costs in Turkey Prompt Russian Property Owners to Consider Selling

ANKARA, March 10 – A shift is underway among Russians who own property in Turkey, with many now weighing the benefits of selling due to mounting financial pressures, according to real estate expert Mahinur Dalgın.

Dalgın told RIA Novosti that over recent months, Russian owners have begun scrutinizing the rising costs of upkeep more closely. Soaring utility bills, escalating service charges for residential complexes, and increased taxes are squeezing budgets. This is particularly acute for those who purchased properties as investments or secondary homes, rather than as primary residences.

The broader Turkish economic climate, marked by persistent high inflation and volatile currency exchange rates, is a key factor influencing these considerations. Dalgın explained that this instability is leading some foreign investors to reassess their portfolios and look at alternative markets.

However, the expert was quick to dispel notions of a wholesale Russian retreat from the Turkish property market. She emphasized that many investors are holding onto their assets, banking on steady rental income, especially in popular tourist destinations where demand for short-term stays remains robust.

The data underscores this enduring presence. According to the Turkish Statistical Institute (TÜİK), Russian citizens were still the top foreign buyers of Turkish real estate in January 2026, purchasing 219 properties. Overall foreign purchases for the month totaled 1,306 units, with Russians, Iranians, and Ukrainians forming the largest buying bloc.