Turkish investors are showing record interest in purchasing real estate abroad. Overseas real estate investments, which were only $130 million in 2013, have surpassed $2.2 billion as of 2024. While Turks have mostly been purchasing homes for residency within Türkiye, the 'Golden Visa' and citizenship programs have led them to start buying real estate abroad for investment purposes.
 

Teuta Narazan, Co-founder of Vesta Global, highlighted the importance of choosing the right location and price when acquiring a Golden Visa or citizenship. Narazan noted that, in recent years, investors have preferred countries that offer high value appreciation and residency rights. European countries like Spain, Portugal, and Greece have become particularly popular among Turkish investors. The stable growth of real estate markets in these countries provides long-term capital gains for investors.

Narazan emphasized that, in addition to selecting the right location and price, it is also crucial for legal processes to proceed correctly. She pointed out that fund investments are becoming more prominent in Portugal, adding that the fund manager's background and financial performance are important factors.
 

In Greece, the Golden Visa is available for €250,000.
 

The Greek Golden Visa program offers residence permits valid for five years to those who invest in real estate worth €250,000, €400,000, or €800,000, depending on the region. This program provides investors with many advantages, including the right to free movement within European Union countries. Narazan mentioned that the Golden Visa program in Greece for €250,000 may change in the near future, indicating that this period offers a significant opportunity.

The increase in Turkish investors’ real estate investments abroad seems to be making future investment opportunities even more valuable.