One Step Further to Unsustainability: Effects of the International Crisis on Antalya Housing Market

Abstract

One of the cities affected most by the war between Ukraine and Russia has undoubtedly been Antalya, which hosted many Russian and Ukrainian tourists for years. After the war broke out, those who came to this city, known by both countries’ citizens who were not subject to any restrictions, were no longer tourists but settled there and became long-term residents. The increase in sales and rentals to foreigners has affected the owner-occupied and rental housing markets in many ways. These sales and increased demand have directly caused the prices of housing units to rise and the number of rental housing units to become insufficient. This paper highlights the process and changes in the housing market in Antalya during the international crisis between Russia and Ukraine. The main findings revealed that the increasing number and prices of housing for sale in the central districts negatively affect the rental sector and limited housing provision in the face of an increase in recorded population during the periods examined. These unregulated and unsustainable housing markets result in various risks and consequences, especially for residing households, many occupational classes and development scenarios of the city. To overcome these problems, regulations on legal and policy perspectives and considering a foreign residency policy together with housing policy in Türkiye are highlighted.