Russians Lead Foreign Real Estate Purchases in Turkey in January 2025 Despite Overall Decline

Turkey’s real estate market saw a significant surge in January 2025, with property sales increasing by 39.7% compared to the same period last year, reaching a total of 112,173 units. Istanbul, Ankara, and Izmir remained the top cities for property transactions.

However, foreign property sales declined by 24.9%, with only 1,547 units sold to foreigners, representing 1.4% of total sales. Istanbul led the list with 611 foreign sales, followed by Antalya with 469 units and Mersin with 118 units.

Despite this decline, Russian buyers remained the top foreign investors in Turkey’s real estate market, purchasing 248 units, followed by Iranians with 162 units and Iraqis with 103 units.

Additionally, mortgage-based property sales skyrocketed by 182.8%, with 16,726 units sold through financing, accounting for 14.9% of total sales.

With the real estate sector demonstrating strong performance, Turkey remains a prime destination for property investment in 2025, whether for residency, Turkish citizenship, or lucrative returns, benefiting from its strategic location and robust economy.

Source: Turkish Statistical Institute (TÜİK) via "Turkey Urgent"