Last year, Ukrainians purchased over 1,600 real estate properties in Turkey and became the third largest foreign investor in Turkish real estate. In fact they are 3rd only after people from the Russian Federation and Iran the Islamic Republic of Iran, according to data from the Turkish Statistical Institute (TUIK). This is a remarkable turnaround for the Turkish economy overall as it continues to become more and more attractive.
It is noted that Turkey is offering great returns on investment for both local and international investors who are fleeing high taxes, wars and other kinds of chaos. The country has become like a second home for many foreigners due to its convenient location at crossroads between Europe and Asia, a warm climate, a profitable real estate market (a wide range of properties, including villas, apartments, etc.), and the opportunity to get a residence permit and even citizenship through the purchase of real estate.
Russia has held first place for many years in a row, even though in 2024 Russian activity fell compared to the previous year. Russians bought 4,867 properties, compared to 16,300 properties in 2022. This was the year war had broken out and they wanted to secure their capital in a safe place like Turkey.
Now you need to invest 200,000 in order to get residency in Turkey. This is likely to go up even more in the future. If you want to get the best deal it is best to invest now. Prices are going up rapidly as the lira appreciates in value.
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