Page 128 - RusRPTFeb23

combined: from 2016 to 2021, Russians bought 16.2 thousand houses in Turkey.
According to the results of the year, Russians for the first time took first place among foreigners in buying housing in Turkey, they accounted for 24% of such transactions. In 2021, this figure was only 9%. The Russians came out on top among foreigners in real estate purchases in the republic in April and held it in the following months.
In general, housing sales in Turkey over the past year decreased by 0.4% (or 6.2 thousand lots), to 1.486 million apartments and houses. At the same time, the demand for real estate in this country from foreigners increased by 15% over the year, to 68.2 thousand lots. The share of transactions made by foreigners increased in total sales from 3.97 to 4.59%. Foreigners bought the most apartments and houses in Istanbul and Antalya - almost 25 thousand and 22 thousand transactions, respectively. The third place was taken by Mersin, where foreigners bought 4,000 apartments and houses.
The Russian domestic road construction equipment market has grown by 38% in 4Q22 and by 33% year on year in monetary terms to RUB73.4bn ($1.1bn), according to Kommersant daily citing Rosspetsmash data. The growth in the segment is attributed to local machinery producer factories adapting to new conditions and substituting foreign components, while large customers who previously chose Western equipment have started to buy Russian equipment. As followed by bne IntelliNews, the construction equipment and materials were seen as some of the industries most exposed to the sanctions for the full-scale military invasion of Ukraine, while the construction sector became one of the main drivers of post-invasion recovery. However, the market participants surveyed by Kommersant are still worried that the sales will decline in some segments as Chinese players expand to Russia. There has already been a decline in shipments in key segments such as loaders, rollers, telescopic handlers, pipe-laying cranes and truck cranes. The analysts and market participants argue that it is important to continue supporting demand and also see the need to expand subsidies, including in the form of grants to develop the production of domestic components. Some also point out that the fall in main segments is an alarming signal and may indicate that the construction industry is slowing down and that manufacturers of equipment from Asia are becoming more aggressive.
9.1.5 Retail sector news
128 RUSSIA Country Report February 2023 www.intellinews.com
Russians more often purchased household appliances and gadgets, in particular the iPhone 14 Pro, and grain coffee on January 1–8, marketplace SberMegaMarket said in a research seen by PRIME on Thursday. “By the volume of sales in money terms, the leaders were goods from categories