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.
 

In the past 4-5 years, the demand for home purchases in Türkiye, Europe's largest real estate market, has shifted from 'investment purposes' to 'residency purposes.' Those seeking to buy homes for investment are increasingly turning to Golden Visa countries and regions that offer rental income in reserve currency areas. Teuta Narazan, Co-founder of Vesta Global, pointed out that Turkish buyers, who only spent $130 million on overseas property in 2013, spent over $2 billion last year. She also noted that Golden Visa and citizenship programs have further encouraged foreign real estate investments.
 

"In recent years, Turkish investors have favored countries that offer high-value appreciation and residency rights. European countries such as Spain, Portugal, and Greece are especially popular. One of the main reasons for this is that investing there also provides the opportunity to live in Europe and gain the right to free movement. Furthermore, the real estate markets in these countries show stable growth, which offers investors long-term value appreciation. We expect this trend to strengthen even more in the coming years," said Narazan.
 

PAYING ATTENTION TO THE RIGHT LOCATION AND PRICE

Narazan emphasized the importance of choosing the right location and price when investing abroad, as well as ensuring the legal processes proceed correctly. "In Portugal, fund investments are becoming more prominent. Choosing the right fund to invest in is crucial. The fund manager's track record and financial performance are key. We believe that advancing with the right information and steps will make the investment valuable," she said.
 

GREECE'S GOLDEN VISA 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. Those who obtain a Golden Visa enjoy many advantages, including the right to free movement within European Union countries. Narazan pointed out that the best Golden Visa option is in Greece and although there is no definitive date, the €250,000 Golden Visa program may be phased out. She stated that this period presents a significant opportunity for Golden Visa seekers.