Turkish Buyers Spent $2.4 Billion on Overseas Housing in 11 Months
"Haber Global: Turkish overseas property spending reached an all-time record of $2.4B in Jan–Nov 2025. Experts point to UAE and Dubai as the leading market."
Turkish Buyers Spent $2.4 Billion on Overseas Housing in 11 Months
The amount paid by Turkish residents for overseas property in January–November 2025 reached $2.4 billion — an all-time record. According to TCMB balance of payments data, this figure rose 26.2% year-over-year to $2.423 billion. The highest monthly purchase was $288 million in August and the lowest was $144 million in January.
UAE, Greece, USA and UK Lead the Market
GİGDER Chairman Bayram Tekçe identified UAE and Greece as the top two markets. Highlighting Dubai's secure, institutional, and transparent market, he noted that while Turkish domestic amortization periods can reach 30 years, Dubai's stands at just 12–15 years. Greece appeals to buyers seeking EU residency and Schengen free movement, though it remains a shallower market than Dubai.
Stable demand for the USA and UK is driven by FX income, residency, and education, while Northern Cyprus features in the list thanks to its pound-based market.
Average Payment: €500,000
Tekçe noted that Turkish buyers under Golden Visa programs pay between €250,000 and €1 million, with an average of €500,000. Buyers gravitate toward new, centrally located, low-maintenance properties. Spain (Malaga, Barcelona), Hungary, and Balkan countries also stand out as alternatives. He underlined that a more institutional domestic market would bring Turkish and foreign investors back to Turkey.