Turkey Sells 17,090 Apartments to Foreigners

2025-07-24

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Turkey sells 17,090 apartments to foreigners since the beginning of 2024.
According to data from the Turkish Statistics Institute, the number of apartments sold to foreigners in September 2024 alone amounted to 2,022.
The percentage of real estate sales to foreigners in September 2024 reached 1.4% of total apartment sales across Turkey, while the total number of apartments sold to foreigners in the first nine months of the year reached 17,090.

Istanbul ranks as the top Turkish province for property sales to foreigners.
According to detailed data, Istanbul ranked first among Turkish provinces in selling apartments to foreigners in September 2024, with 783 apartments sold.
Antalya ranked second, with 548 apartments sold.
Mersin came third, with 210 apartments sold.
The sales figures in the ten most popular provinces for foreign buyers in September and the first nine months of this year are as follows:

Foreign sales in the first nine months	Foreign sales in September 2024	Province	Number
5,979 apartments	783 apartments	Istanbul	1
5,990 apartments	548 apartments	Antalya	2
1,544 apartments	210 apartments	Mersin	3
443 apartments	73 apartments	Ankara	4
318 apartments	51 apartments	Kocaeli	5
406 apartments	50 apartments	Bursa	6
267 apartments	44 apartments	Trabzon	7
403 apartments	38 apartments	Yalova	8
281 apartments	36 apartments	Aydın	9
273 apartments	25 apartments	Izmir	10

Russian nationals are the top foreign buyers of real estate in Turkey.
In terms of foreign nationalities buying apartments in Turkey, according to data gathered by Imtilak Real Estate from Turkish Statistics Institute:
Russian citizens ranked first as the largest group of foreign buyers in September 2024, purchasing 346 apartments, followed by Iranians in second place with 163 apartments, and Iraqis in third place with 139 apartments. The top ten nationalities’ purchase figures are as follows:

Number	Foreign Nationality	Apartments purchased in September 2024
1	Russians	346 apartments
2	Iranians	163 apartments
3	Iraqis	139 apartments
4	Germans	113 apartments
5	Ukrainians	97 apartments
6	Azerbaijanis	87 apartments
7	Kazakhstani	87 apartments
8	Chinese	81 apartments
9	Kuwaitis	73 apartments
10	Saudis	72 apartments

Conclusion:
The data shows a significant increase in the number of real estate purchases by Turkish citizens compared to the same period in previous years, as:

In total, 140,919 properties were sold in Turkey in September 2024, of which 2,022 were sold to foreigners, as mentioned earlier.
In comparison, in the same month in 2023, total sales reached 102,656 properties, with 2,930 sold to foreigners.
In September 2022, total sales were 113,402 properties, while 5,049 were sold to foreigners.

Imtilak Real Estate views this significant rise in domestic purchases as closely linked to attractive pricing offers in the Turkish real estate market, indicating that it is currently a favorable time to seize real estate opportunities.

Edited by: Imtilak Real Estate©

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