Residents of which countries invested the most in real estate in Turkey in 2024?

Turkey remains one of the most attractive destinations for real estate investment among foreign citizens. The country offers a unique combination of favorable prices, mild climate, convenient location between Europe and Asia, and citizenship opportunities when purchasing real estate. In 2025, Turkey continues to attract investors from around the world, with some countries showing a particularly high level of interest in the local market.

The main trends in the real estate market in Turkey

According to statistics, real estate sales continue to grow. In 2024, 1,478,025 sales transactions were concluded in the country, which is 20.6% more than last year. Especially active are foreign investors who see Turkey as a favorable place for investment.

The greatest interest in buying real estate remains in major cities and resort regions:

• Istanbul - the economic and cultural center of the country with developed infrastructure.
• Antalya - a resort city with a mild climate and high demand for rent.
• Mersin - a promising port city that attracts investors with its dynamics.

Who most often buys real estate in Turkey?

In 2024, foreign investors bought thousands of objects in Turkey. The citizens of the following countries are the leaders:

• Russia - 4,867 objects
• Iran - 2,166 properties
• Ukraine - 1 631 objects
• Iraq - 1,450 properties
• Germany - 1 200 objects

Why do Russians choose Turkey?

Russians have been leading among buyers of real estate in Turkey for several years in a row. The main reasons:

• The possibility of moving and obtaining residence permit and then citizenship.
• Affordable prices for apartments and villas.
• Favorable conditions for business and investment.
• The ability to rent housing and receive a stable income.

What regions do foreigners choose?

The largest number of transactions for 2024 was made in:

• Istanbul - 8,416 transactions
• Antalya - 8,223 deals
• Mersin - 2,112 deals
• Ankara - 1,800 deals
• Bursa - 1 600 deals

Başakşehir and Beylikdüzü districts in Istanbul, Lara and Konyaaltı in Antalya, as well as Yenisehir in Mersin are especially popular among foreign investors.

Why buy an apartment in Turkey?

• Citizenship for Investment Program - buying a property from $400,000 allows you to obtain citizenship.
• High demand for rentals - especially in tourist areas.
• Affordable prices - even after the growth, the cost of housing remains lower than in Europe.
• Developed infrastructure and comfortable climate.

Forecast for the future

According to experts, by 2029 the real estate market in Turkey may reach $168.11 billion. This makes the country one of the most promising investment destinations.

If you are considering buying an apartment in Turkey or want to learn more about investment options, Pemlak can help you find the perfect property in Istanbul, Antalya or Mersin.