Turkish Buyers Spent $2.4 Billion on Overseas Housing in 11 Months
"Bloomberg HT: Per TCMB data, Turkish overseas real estate spending rose 26.2% in Jan–Nov 2025 to $2.4 billion — an all-time high. UAE and Dubai lead as the top destination."
Turkish Buyers Spent $2.4 Billion on Overseas Housing in 11 Months
According to balance of payments data released by the Central Bank of the Republic of Turkey (TCMB), the amount paid by Turkish residents for overseas property purchases rose 26.2% in January–November 2025 compared to the same period of the previous year, reaching $2.423 billion — an all-time high. The highest monthly purchase was recorded in August at $288 million, while the lowest was January at $144 million.
UAE, Greece, USA and UK Markets Lead the Way
GİGDER Chairman Bayram Tekçe stated that the two markets showing the strongest demand are the UAE and Greece. He highlighted Dubai's secure, institutional, and transparent property market, noting that while Turkish domestic rental amortization periods can stretch to 30 years, Dubai's amortization period ranges between 12–15 years.
Tekçe noted that Turkish buyers pay an average of 500,000 euros, gravitating toward new, centrally located properties that are easy to manage and require no renovation.
3 Core Motivations: Currency Risk, Returns, and Life Planning
Ustaoğlu outlined three core motivations driving the surge: currency risk and asset diversification, return calculation, and life planning with visa/residency considerations. He noted that along the Dubai, Athens, and London corridor, demand typically begins as an investment and rapidly evolves into a family relocation plan, while Baku attracts buyers seeking more accessible budgets and regional mobility.