Newsletters
For the first time in many years, the balance in Türkiye’s real estate market has turned around. In 2025, Turkish citizens bought more property abroad than foreign buyers purchased inside Türkiye, marking a structural shift that has been building up over the past few years.
According to the Balance of Payments report by Türkiye's Central Bank, Turks spent about $2.4 billion on overseas property purchases in the January–November period of 2025. Over the same period, foreign nationals bought roughly $2.0 billion worth of real estate in Türkiye. This left a gap of around $367 million, with outbound purchases by Turks clearly moving ahead.
According to experts, figures show that, for many years, foreign demand for property in Türkiye had outweighed the overseas buying activity of Turkish citizens by a wide margin.
Between 2017 and 2022, the annual difference often stayed in the range of $4–5 billion in favor of foreign buyers. That gap began to narrow in 2023, when it dropped to about $1.8 billion, and continued to close in 2024, falling to around $669 million. By the first eleven months of 2025, the trend had fully reversed, with Turks buying more property abroad than foreigners were picking up in Türkiye.
At the same time, foreign purchases of property in Türkiye have slipped to historically low levels. According to reporting cited by Haberturk, foreign real estate buying has fallen close to the weakest figures seen since records started being published in 2013.
Foreign demand had peaked in 2022, when purchases reached about $6.3 billion. By contrast, in the first eleven months of 2025, that figure was limited to just over $2.0 billion. This sharp drop helps explain why the long-standing balance in the market has shifted so decisively.
Taken together, the data point to a notable change in cross-border property flows linked to Türkiye.
While foreign buyers have been scaling back their presence in the Turkish market, Turkish citizens have been stepping up their purchases overseas, pushing the balance in the opposite direction for the first time on record.
Set as preferred source
1 min read
