Page 35 - Журнал «Русский Берег» #13-2022

RUSSIAN COAST | № 5/13 2022 БИЗНЕС | BUSINESS

ENG A SOMEWHAT HORRIBLE VIDEO FROM CHINA IS FLOATING AROUND THE INTERNET - MODERN
SKYSCRAPERS MADE OF GLASS AND CONCRETE ARE COLLAPSING, AND THIS IS NOT A WAR, NOT
A NATURAL DISASTER. THE CHINESE THEMSELVES ARE DESTROYING WHAT QUITE RECENTLY WAS
CREATED BY THE LABOR OF HUNDREDS OF WORKERS, ARCHITECTS, MANAGERS ... THE REASON IS AN
OVERPRODUCTION CRISIS. THESE OBJECTS WILL NEVER FIND THEIR BUYER, IT IS MORE EXPENSIVE TO
MAINTAIN THEM THAN TO TURN INTO DUST. THE REAL ESTATE MARKET ALSO HAS ITS LIMITS. AND NO
ONE KNOWS IN ADVANCE THESE LIMITS ARE, THE INVISIBLE HAND OF THE MARKET IS INVISIBLE, AND
NO ONE KNOWS WHEN THE CRISIS WILL HAPPEN. TURKEY HAS EXPERIENCED A REAL MARKET BOOM
THIS SUMMER, AND SOME ANALYSTS HAVE DISCERNED THE SIGNS OF A “BUBBLE”. AND BUBBLES
TEND TO BURST. BUT IT LOOKS LIKE TURKEY HAS MANAGED TO AVOID THE WORST-CASE SCENARIO.

n August 2022, the number of 210 apartments more than in July, and Another example, in the Mahmutlar
transactions in the Turkish real estate has actually twice surpassed the number residential complex, an apartment in 2020
market has decreased by almost 13% as of the transactions of the Iranians - 633, cost €65 thousand, and today it is sold
Icompared with August of the last year on which have found themselves at the second for €135 thousand, i.e. the price has more
the whole, and the transactions, concluded place. They are followed by the citizens of than doubled. In turn, Alexandra Kostenko,
by the foreigners, have reduced by 10%. Iraq - 417, Germany - 256, Kazakhstan - the Director of the Global Estate agency,
And yet, the volume of transactions with the 231 and the Ukraine - 219 transactions. In advises investors to “make money” on
foreigners in August has slightly increased general, the volume of sales to the foreigners short-term resale, i.e. to exit the project after
after a sharp drop in July, when the market continues to decline for two months in a row, 6 months. According to the expert, this is
reduced more than twice in June-July - from as compared with the previous year. the most profitable option, so in January
8630 down to 3939. In August, there were 2022, a 1 + 1 apartment in Mahmutlar has
5273 sales. WHAT IS MORE been sold for €65,000, and in July already
In Alanya, one of the most popular PROFITABLE – LEASING for €95,000.
destinations for the foreign investment in the OR RE-SELLING? - Leasing is more about the safety of
region, sales in the same month fell among There are two key categories of buyers capital, rather than earnings, - continues
the developers by 30-40%, according to in the Alanya real estate market. The first Alexandra Kostenko. - I recommend to my
the experts. The experts of the Alanya real ones buy an apartment for themselves - like clients short-term investments up to 6 months
estate market are contemplating whether it a dacha by the seaside. To this end, it will with a mark-up of 20-30%, for example,
is temporary or forever, what is happening be more profitable to buy an apartment at in Payallar, Oba, Turkler and other “open”
with the market, and what directions the the initial stage of construction, at the lowest areas. In the winter of 2023, it will be
investors in the Turkish real estate are price. Another category is the investors who possible to buy already “hot” apartments in
oriented towards. seek at least to save money from inflation, Alanya at a discount, which those who need
The real estate of Antalya is at its peak and even better earn. The Turkish real estate urgent money will have to sell. And then
of popularity among the foreign investors, in the primary market attracts by a high resell such apartments at the market price.
where 814 transactions were made in yield - from 30% or more on resale from the The maximum income can be obtained
August, Istanbul occupied the second place construction pit to commissioning. with a “wholesale” investment, when an
with 750 transactions. And for the first time, Vyacheslav Fomenko, the owner of Hayat investor buys the entire building or several
the city of Mersin occupied the third place, Estate, advises that the elite real estate is floors in a residential complex. In this case,
where 317 residential real estate objects likely to be a win-win option for investing: in the developers sell apartments at the lowest
were sold to the citizens of the other states. the Konak Premium complex the company prices and take into account the individual
Such reshuffle happened for the first time, sold apartments from €70,000 in early wishes of the customer for their decoration
back in July Izmir confidently held the third 2019, now they start from €190,000. and landscaping. Such investments are
place, and Ankara was in the second place It's more of an exception than the rule. becoming more and more popular among
after Istanbul. Usually, the prices rise by 50-70%. Here, we the foreign clients.
The number of the real estate objects, see an increase 2.5 times. And, perhaps, this The opposite investment strategy is club
purchased by the Russians in August, despite is not the limit. Because there are few such trading or interest in housing investments
the overall reduction in transactions, breaks projects, if we are talking about the good with an investor pool. This works when the
all records. Citizens of the Russian Federation infrastructure and favorable location of the investor does not have the entire amount
have bought 1,238 apartments and villas project at the seaside, - says Vyacheslav to buy an apartment, but only a part, for
in Turkey, which has turned out to be by Fomenko. example, €5000. A real estate agency

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