Foreign currency-based rental returns and the free movement advantages in EU countries are driving Turkish investors toward overseas real estate investments.
 

According to the “Statistics on Real Estate Acquisitions Abroad” report published by TUIK, Turkish citizens purchased 45,789 properties abroad in 2021, an increase compared to the previous year. Regarding this, our Founding Partner at Vesta Global, V. Armağan Akyüz, commented: “Although the latest statistics have not yet been published, it is anticipated that this figure was exceeded in 2022 as well.”
 

Europe has become a particularly popular destination for Turkish investors. Teuta Narazan emphasizes that real estate investments in EU countries offer advantages such as free movement, citizenship, and rental income. The Golden Visa program holds a significant position in this field, especially in Portugal, Greece, Spain, and Malta.

However, countries are reshaping their policies to balance the benefits brought by investments. For instance, Portugal offers tax advantages for those investing in specific regions. Greece, on the other hand, is working on new tax policies to provide returns to a broader base beyond construction firms.
 

As of the end of 2021, the international real estate market exceeded $400 billion in size, and it is estimated that this growth will continue in 2022.
 

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