Turkish investors are showing record interest in purchasing real estate abroad. Overseas real estate investments, which were only $130 million in 2013, surpassed $2.2 billion in 2024.
 

Turkish investors, who previously bought homes mainly for residency purposes within Türkiye, have started purchasing investment properties abroad, influenced by the 'Golden Visa' and citizenship programs. Teuta Narazan, Co-founder of Vesta Global, issued a warning about choosing the right location and price for Golden Visa and citizenship acquisitions.
 

In the last 4-5 years, the demand for homes in Türkiye, Europe’s largest real estate market, has shifted from "investment purposes" to "residency purposes." Those wishing to buy homes for investment purposes have increasingly turned to Golden Visa countries and regions that offer rental income in foreign currencies. Narazan, Co-founder of Vesta Global, pointed out that while Turkish investors made $130 million worth of overseas real estate purchases in 2013, this figure exceeded $2 billion last year. She also noted that Golden Visa and citizenship programs have encouraged real estate purchases abroad. “In recent years, Turkish investors have preferred countries with high value appreciation and residency rights. European countries like Spain, Portugal, and Greece are particularly popular. One of the main reasons for this is the opportunity to gain the right to live and move freely within Europe while investing. Additionally, the real estate markets in these countries have shown stable growth, providing investors with long-term capital gains. We anticipate this trend will further strengthen in the coming period,” she said.
 

Narazan also emphasized that those investing abroad need to pay attention to the right location and price, adding, “It’s also important for legal processes to proceed correctly. We provide our investors with the right services in the shortest time possible. In Portugal, fund investments are becoming more prominent. Deciding which fund to invest in is crucial. The fund manager’s background and financial performance are valuable. We believe that proceeding with accurate information and steps will make the investment valuable.”
 

Golden Visa in Greece available for €250,000

Through the Greek Golden Visa program, real estate investors who invest €250,000, €400,000, or €800,000, depending on the region, are granted a residence permit valid for five years. Those holding a Golden Visa gain many advantages, including the right to free movement within European Union countries. Narazan mentioned that the most suitable Golden Visa option is in Greece, and although there is no specific date, the program for Golden Visa at €250,000 may be abolished. "For this reason, I would say this is a significant opportunity period for Golden Visa," she concluded.