Azerbaijan news

Azerbaijanis buy an average of 4 apartments in Turkey every day…

According to estimates, in January-April 2022, our citizens received 453 apartments in the brotherly country. In the same period last year, the figure was 382. The number of our citizens receiving housing in Turkey is growing day by day. Experts say that the growth trend has been going on for the last three years. According to research, Azerbaijani citizens are more interested in buying an apartment in the central part of Istanbul. However, prices are higher in those areas.

It should be noted that according to the new rules to be applied in Turkey, the buyer of property will be granted citizenship for $ 400,000. In exchange for the purchased real estate, foreigners applying for Turkish citizenship will be required not to sell it for at least 3 years.

As we have informed, Azerbaijani citizens have owned 453 apartments in Turkey for 4 months. This is 71 apartments or 18.6% more than in the same period last year.

Experts also say that the purchase of housing by Azerbaijanis in Turkey has a negative impact on our real estate sector.

“Every month, Azerbaijani citizens buy more than 100 real estate from Turkey, which has a negative impact on our real estate sector.”

“Every month, Azerbaijani citizens buy more than 100 real estate from Turkey, which has a negative impact on our real estate sector.”

Real estate expert Elnur Farzaliyev noted that Turkey was the largest earner in the real estate sector during the Russian-Ukrainian war. Since the beginning of the war, tens of thousands of people have come to Turkey from Russia alone, and as a result, thousands of real estate have been sold to Russian citizens. The decision will not affect the real estate sector in Azerbaijan. The reason is that Azerbaijanis do not have problems with citizenship in the brotherly country. There are Azerbaijanis living in Turkey for many years who are not interested in becoming citizens there. Because in Turkey, we are not treated as harshly as citizens of other countries. Every month, Azerbaijani citizens buy more than 100 real estate in Turkey. This has a negative impact on our real estate sector. In general, setting a minimum limit of 400,000 manat for foreigners is not so dangerous for Azerbaijanis. Because Azerbaijanis prefer to buy real estate in European countries and become citizens.

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