Renewed Interest of Foreigners in Buying Real Estate in Turkey

Data from the Turkish Statistical Institute showed that the number of residential apartments sold in Turkey during May 2025 reached 130,025 units, marking an increase of 17.6% compared to the same month in 2024, and 9.8% compared to April 2025.

These sales also recorded the highest monthly figure in 2025, and the highest for the month of May in the past three years.

Istanbul topped the list of Turkish provinces in terms of the number of residential apartments sold in May 2025, with 22,103 apartments, followed by Ankara in second place with 11,975 apartments, and Izmir in third with 7,817 apartments.

In contrast, Ardahan recorded the lowest number of sales with only 48 apartments, followed by Bayburt with 67 apartments, and Gümüşhane with 91 apartments.

23% Increase in Apartment Sales to Foreigners

The number of residential apartments sold to foreigners during May 2025 was 1,771 units, an increase of 22.98% compared to April sales.

As for the total apartment sales to foreigners during the first five months of this year, it reached 7,789 units, with foreigners accounting for only 1.4% of total apartment sales in May.

Istanbul Remains the Most Attractive for Foreigners

Istanbul ranked first among Turkish provinces in terms of apartment sales to foreigners with 648 units, followed by Antalya with 594 units, and Mersin with 145 units.

The top 10 provinces were ranked as follows:

Russians Lead the List of Foreign Buyers

Russians ranked first among foreign nationalities buying residential apartments in Turkey in May 2025, with 274 units, followed by Iranians with 133 units, and Germans with 127 units.

The top 10 nationalities were ranked as follows:

Edited by: Imtilak Real Estate ©