Turkish Overseas Real Estate Purchases Hit All-Time Record
"Son Dakika: Turkish overseas property spending rose 26.2% to $2.4B in Jan–Nov 2025, an all-time record. UAE and Greece lead as top markets, with Dubai offering 12–15 year amortization."
Turkish Overseas Real Estate Purchases Hit All-Time Record
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, reaching an all-time high. The peak monthly figure was $288 million in August, while the lowest was $144 million in January.
UAE and Greece Lead as Top Markets
GİGDER Chairman Bayram Tekçe identified the UAE and Greece as the two markets with the strongest demand. He highlighted Dubai's secure, institutional, and transparent real estate market, noting that while domestic Turkish amortization periods can reach 30 years, Dubai's stands at just 12–15 years.
Tekçe stated that Turkish buyers pay an average of 500,000 euros under Golden Visa programs, favoring new, centrally located, maintenance-free properties. He also noted Spain, Hungary, and Balkan countries as emerging alternative markets.
3 Core Motivations: Currency Risk, Returns, and Life Planning
Ustaoğlu outlined three core motivations behind the surge: currency risk and asset diversification, return calculation, and life planning with visa/residency considerations. In addition to Dubai, Greece, and the UK, he highlighted Montenegro and Baku as emerging markets, with Baku driven by accessible budgets and regional mobility.