The Russian-Ukrainian War Has Increased House Rents In Antalya By 100 Percent

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Turkey rent and house sales prices, which were rising the migration that started during the pandemic in Antalya, peaked after the war between Russia and Ukraine. Turkey iResidence, who said that in areas where house rents are 3-4 thousand TL under normal conditions, these figures are up to 13-15 thousand TL; “Currently, the demand for houses for rent and sale is high, but there are no vacant houses. The student who came to Antalya, the Turkish government officer can’t find a house or the rents are too high,” was said.

The migration wind brought to Antalya before and after the pandemic continues now due to the war. Antalya is at the top of the provinces preferred by Russians and Ukrainians who have fled the war as a place to stay in Turkey, which they consider a “safe harbor”. In many areas of the city, house rents have increased by 100 percent, while Turkish homeowners prefer foreigners, who pay their rent in advance for 1 year.

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THE MARKET HAS MOVED AFTER THE PANDEMIC

Turkey iResidence stated that theTurkish real estate market was moving after the pandemic; “There was a migration situation from many provinces of Turkey, Asia, Europe, Iran and the Middle East to Antalya for many years. This accelerated the migration experienced during the pandemic that we experienced in the last process. Due to the intensive migration, the demand for existing rental and sale houses is increasing. With the increase in demand, there were difficulties in finding houses for rent and sale. This has led to increases in home sales and rents. They decoupled the situation that existed in the war between Russia and Ukraine, which began a month ago. Because of this, the prices of Turkey houses for rent and sale have increased by more than 100 percent. This situation has affected the lives of Antalya residents in a positive way. A house in Antalya that was worth 4 thousand Turkish Lira before the war has increased to figures such as 13-15 thousand TL,” is said.

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THERE ARE NOT MANY HOUSES IN DEMAND

Turkey iResidence added that the demand for houses in Turkey for rent and sale is high at the moment, but no houses can be found; “The student, officer who came to Antalya cannot find a house or the rents are too high. Even Russians or Ukrainians who come to the city keep 3-5 people united in one home. If foreigners who come because of the troubles or preferences experienced outside come to a permanent life here, the existing hardship will be permanent. The basis of the problem is that there are no dec for housing construction in the city center. So there is no space left for construction. In the most preferred areas, this is the city center, the areas close to the sea. Currently, there is a high demand for houses for rent and sale, but there are no houses. Turkish and foreigner student who came to Antalya, can’t find an average house or rents are too high, and luxury apartments and villas are upto 25-50 thousand Turkish Lira per month” was said.

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