Turkish Buyers Spent $2.4 Billion on Overseas Homes in 11 Months
"Haberler.com: TCMB data shows Turkish overseas property spending rose 26.2% to an all-time record of $2.4B in Jan–Nov 2025. Dubai and UAE lead as the primary destination."
Turkish Buyers Spent $2.4 Billion on Overseas Homes in 11 Months
According to TCMB balance of payments data, the amount paid by Turkish residents for overseas property in January–November 2025 rose 26.2% year-over-year to $2.423 billion — an all-time record. The peak monthly figure was $288 million in August, while the lowest was $144 million in January.
Why Dubai Leads: The Amortization Advantage
GİGDER Chairman Bayram Tekçe identified the UAE and Greece as the markets with the strongest demand. He highlighted Dubai's secure, institutional, and transparent market, noting that while domestic Turkish amortization periods can reach 30 years, Dubai's stands at just 12–15 years. Turkish buyers pay an average of 500,000 euros under Golden Visa programs, favoring new, centrally located, low-maintenance properties.
Tekçe also listed Spain, Hungary, and Balkan countries as emerging alternatives, and stressed that a more institutional and predictable domestic market would bring both Turkish and foreign buyers back to Turkey.
Montenegro and Baku Also on the Radar
In addition to Dubai, Greece, and the UK, Ustaoğlu highlighted Montenegro and Baku as rising markets. He summarized the three core motivations driving overseas investment: currency risk and asset diversification, return calculation, and life planning with visa/residency considerations — each market attracting a distinct buyer profile.