Turkish Buyers Spent $2.4 Billion on Overseas Property in 11 Months
"Ensonhaber: Turkish overseas property spending reached an all-time record of $2.4B in Jan–Nov 2025. UAE and Dubai lead the market, with Greece in second place."
Turkish Buyers Spent $2.4 Billion on Overseas Property in 11 Months
The amount paid by Turkish residents for overseas property purchases 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 figure was $288 million in August and the lowest was $144 million in January.
UAE, Greece, USA and UK Markets Lead
GİGDER Chairman Bayram Tekçe identified UAE and Greece as the two strongest markets due to their geographic proximity and safe-haven status. He highlighted Dubai's secure, institutional, and transparent market, noting that while Turkish domestic amortization periods can reach 30 years, Dubai's stands at just 12–15 years.
Free Movement Advantage
Tekçe noted that 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-based income, residency rights, 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 feature as alternatives offering affordable investment and visa flexibility.