Foreign homebuyers in Türkiye: Most popular cities revealed
A general view from Istanbul while the fog covers the sky in a fall morning in Beykoz, Cekmekoy, Sancaktepe, Sultanbeyli, Kagithane, Uskudar, Umraniye, Besiktas and Sariyer districts of Istanbul, Türkiye, October 16, 2024. (AA Photo)
Foreign interest in Türkiye’s real estate market has notably shifted, with a significant decrease in home sales to foreign buyers over the past year.
According to Türkiye’s Statistical Institute (TurkStat), property sales to foreigners dropped by 37.2% from January to October compared to the same period last year, totaling 19,212 units.
National sales surge, yet foreign demand slows
In October alone, Türkiye recorded 165,138 home sales nationwide, marking an 11.9% increase for the January to October period compared to the previous year.
However, while domestic demand rose, foreign purchases continued to decline.
Top cities for foreign homebuyers in Türkiye
Despite the slowdown, Antalya and Istanbul remain the top destinations for foreign property buyers, with the list of preferred cities as follows:
- Antalya: 6,740 properties sold
- Istanbul: 6,703 properties sold
- Mersin: 1,692 properties sold
- Ankara: 497 properties sold
- Yalova: 468 properties sold
- Bursa: 461 properties sold
- Kocaeli: 344 properties sold
- Aydin: 318 properties sold
- Izmir: 308 properties sold
- Mugla: 299 properties sold
Antalya dominates foreign demand
Antalya has emerged as the most sought-after city, attracting buyers with its Mediterranean appeal, coastal lifestyle, and developed infrastructure. Istanbul follows closely, offering a blend of vibrant urban life and strategic investment value.
This shift in foreign demand reflects changing global market dynamics, yet Türkiye remains a prominent choice for international homebuyers.
