Turkish Buyers Spent $2.4 Billion on Overseas Housing in 11 Months
"Milliyet: Turkish overseas property spending rose 26.2% to $2.4B in Jan–Nov 2025 — an all-time record. Economics, real estate returns and visa equations are the key drivers."
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 rose 26.2% year-over-year to $2.423 billion. The peak monthly figure was $288 million in August and the lowest was $144 million in January. Experts stress that the key drivers behind overseas investment are economics, real estate returns, and the visa equation.
UAE, Greece, USA and UK Lead the Market
GİGDER Chairman Bayram Tekçe identified UAE and Greece as the top markets due to geographic proximity and safe-haven status. He highlighted Dubai's secure, institutional, and transparent market with low-tax investment advantages, and noted that while Turkish domestic amortization can reach 30 years, Dubai's stands at just 12–15 years.
Greece appeals to buyers seeking EU residency and Schengen free movement and short-term rental investment, though it remains a shallower market than Dubai. The USA and UK attract buyers through FX income, residency, citizenship, and education, while Northern Cyprus offers accessible entry via its pound-based market.
Average Payment: €500,000
Turkish buyers under Golden Visa programs pay between €250,000 and €1 million, with an average of €500,000, Tekçe noted. Buyers favor new, centrally located, low-maintenance properties. Spain (Malaga, Barcelona), Hungary, and EU-candidate Balkan countries also stand out as alternatives offering affordability and visa flexibility. He underlined that a more institutional domestic market would bring Turkish and foreign investors back to Turkey.
Source: Milliyet – Read the Full Article