The 10 countries where Russian-speaking clients are most active in the real estate market

According to data from the international real estate broker Tranio, in 2022, Russian-speaking real estate buyers most frequently chose the following countries:

  1. Turkey
  2. UAE
  3. Georgia
  4. Spain
  5. Greece
  6. Italy
  7. France
  8. Portugal
  9. Montenegro

Turkey has been the leader in terms of real estate purchases by Russian-speaking buyers for several consecutive years. This is due to a number of factors, including proximity to CIS countries, affordable prices, and a relaxed visa regime.

The UAE is also very popular among Russian-speaking buyers, offering a high quality of life, developed infrastructure, and plenty of entertainment options.

Georgia attracts Russian-speaking buyers with its culture, nature, and friendly attitude towards foreigners.

Spain, Greece, Italy, and France are popular tourist destinations and also offer a wide range of real estate to suit any taste and budget.

Portugal and Montenegro are new promising investment destinations for real estate. Here, one can find affordable properties and also obtain citizenship through investment.

Here are several factors that influence the choice of country for real estate purchases by Russian-speaking buyers:

  • Proximity to CIS countries: Many Russian-speaking buyers prefer countries that are close to the CIS to be able to easily visit their families and friends.
  • Affordable prices: Real estate in some countries, such as Turkey, the UAE, and Georgia, is more affordable.
  • Relaxed visa regime: The availability of a visa-free or simplified visa regime makes the process of purchasing and owning property in the country easier.
  • Cultural proximity: Buyers who feel comfortable in a country where their language is spoken and their cultural traditions are observed are more likely to purchase property in that country.