Who are the people around the world buying Turkish real estate?

In the first five months of 2024, Turkey hosted approximately 18 million tourists, with the number of foreign tourists increasing by 12.47% compared to the same period last year. Turkey has now become the preferred holiday destination for tourists from Russia, Germany, and the United Kingdom. The tourism industry is very developed, which is why more and more foreigners are choosing to purchase real estate in Turkey. This not only reflects their appreciation of Turkey's living environment but also represents a rewarding investment.

In May 2024, the top five source countries for tourists to Turkey were Russia (739,017 people), Germany (729,505 people), the United Kingdom (550,592 people), Bulgaria (260,607 people), and Poland (228,042 people).

According to the latest data from the Turkish Statistical Institute on property purchases by foreigners, Russia has consistently been the top country for foreign property purchases over the past three years. Russians not only enjoy traveling to Turkey but also choose to buy property and obtain Turkish citizenship. Additionally, investors from Germany, the United Kingdom, and the United States are starting to focus on Turkish real estate, which has the highest price increase globally.

Extensive incentive programs, a relaxed investment environment, and strategic geographic advantages provide Turkey with numerous investment opportunities. Hundreds of global leading companies in the automotive, energy, and retail sectors are taking advantage of Turkey's competitive R&D incentives. Furthermore, Turkey's role as a gateway for international companies to enter diversified markets and its youthful population structure enhance the country's attractiveness.