Turkish investors are showing record interest in buying real estate abroad. Overseas real estate investments, which were only 130 million dollars in 2013, exceeded 2.2 billion dollars in 2024.

In Turkey, Europe's largest real estate market, the demand for buying a house in the last 4-5 years has turned from ‘investment’ to ‘residence’. The route of those who want to buy a house for investment purposes has started to shift more to Golden Visa countries, regions that bring rent with a reserve currency. Teuta Narazan, Co-Founder of Vesta Global, pointed out that Turks, who made only 130 million dollars of real estate purchases abroad in 2013, made more than 2 billion dollars of purchases last year and noted that Golden Visa programs and citizenship programs also encourage those who buy real estate abroad for investment purposes. "In recent years, Turkish investors prefer countries with high-value increases and countries that offer residence rights. European countries, such as Spain, Portugal, and Greece, are of particular interest. One of the most important reasons for this is the advantage of living in Europe and gaining the right to free movement while investing. In addition, the steady growth of the real estate market in these countries provides investors with value gains in the long term. We foresee that this trend will get stronger in the coming period." In this sense, Narazan noted that those who invest abroad should pay attention to the correct location and the right price and said, "It is also valuable that the processes proceed correctly legally. In this sense, we provide the right service to our investors as soon as possible. In Portugal, fund investments are more prominent. Here, too, it is important which fund to invest in. The background and financial performance of the fund manager are valuable. We think that moving forward with such accurate information and steps makes the investment valuable."

Golden Visa for 250 thousand euros in demand in Greece

Greece, with its Golden Visa program, currently grants a residence permit valid for five years to those who invest in real estate for 250 thousand, 400 thousand, and 800 thousand euros, depending on the region. Golden Visa holders have many advantages, like the right to free movement in European Union countries. Narazan reminded that the most suitable Golden Visa option is in Greece and that the Golden Visa program for 250 euros will be abolished, although there is no exact date, and said, “For this very reason, I can say that it is an important opportunity period for the Golden Visa.”