Ukrainians are among the three most active foreign buyers of real estate in Turkey

Since the beginning of the full-scale invasion of the Russian Federation into Ukraine, hundreds of thousands of Ukrainians have found themselves in search of a safe place to live. Turkey has become one of the most attractive options, because it has a warm climate, strategic location, relatively affordable real estate and the possibility of legalization through the purchase of a home. Over the past two years, Ukrainians have formed a significant community in this country, and many of them have decided to stay for a long time.

Demand for Turkish real estate

The demand for real estate in Turkey among Ukrainians has increased sharply. If earlier housing was bought mainly for recreation, now the main motivation is to ensure stability and long-term stay. In 2024, citizens of Ukraine entered the top three most active foreign buyers of real estate, second only to Russians and Iranians. This trend is caused not only by the need to find a new home, but also by the attractiveness of the Turkish market as an investment platform.

In accordance with data According to the Statistics Institute of Turkey (TUIK), in 2024, Ukrainians purchased more than 1,600 real estate properties. This indicates a stable interest in housing in Turkey, even considering the increase in the cost of obtaining a residence permit.

The main reasons for this demand are:

• Geographical location. Turkey is relatively close to Ukraine, which makes it easy to maintain contact with the homeland and relatives.
• Climate and quality of life. Mild climate, developed infrastructure and safe environment make this country attractive for living.
• Possibility of legalization. Citizens who buy real estate worth 200,000 dollars or more can get a residence permit.
• Investment attractiveness. Turkey is a popular tourist destination, which contributes to the high profitability of housing purchased for rental.
• A developed real estate market. A large selection of housing of different categories allows each buyer to find an option according to their needs.

It is interesting that even the increase of the minimum real estate price for obtaining a residence permit from 50-75 thousand dollars to 200 thousand dollars did not significantly affect the activity of Ukrainians. Many of them see the purchase of a home as a long-term investment that will help ensure a stable future.

Market dynamics

According to the results of 2024, Ukrainians became the third in terms of the number of purchased objects. Citizens of the Russian Federation, who purchased 4,867 objects, remain the leaders, although their activity has significantly decreased compared to 2022, when more than 16,000 transactions were registered. Iranians came in second place with 2,166 purchased objects.

It is important to note that even in December 2024, Ukrainians continued to actively invest in real estate. They purchased 181 objects, which is almost equal to the number of transactions of Iranian citizens (239). These statistics show that interest in the Turkish market remains.

Impact of changes on legislation and the market

The Turkish government is gradually changing its policy regarding foreign real estate buyers. The increase in the minimum cost of housing for obtaining a residence permit has led to a change in the segment of buyers: now mainly those who can afford expensive properties buy. However, this did not stop the flow of investors, because many see real estate in Turkey as a reliable way to preserve capital.

In 2023-2024, there is also a gradual increase in real estate prices. This is due to both increased demand and general economic changes in the country. At the same time, rents are also rising, making buying a home even more profitable for those who plan to rent it out.

Forecast for 2025

The trend to buy Turkish real estate among Ukrainians is likely to continue in 2025. The main factors that will support this demand are:

• The attractiveness of Turkey for tourists, which provides a stable income from the rental of housing.
• Preservation of favorable conditions for obtaining a residence permit, although the minimum investment amount will remain high.
• The general economic situation in Ukraine, which will stimulate the search for stable assets abroad.

However, there are risks. A further increase in the minimum real estate value for obtaining a residence permit may narrow the circle of buyers. At the same time, the rise in housing prices makes it less affordable for those who do not see the purchase as an investment.

Demand for Turkish real estate among Ukrainians remains high, despite changes in legislation and rising prices. Many citizens of Ukraine consider Turkey as a promising country for investment and long-term residence. In 2025, this trend can be expected to continue, albeit with some adjustments. Those looking for stability and value for money will continue to consider Turkey as one of the best countries to buy real estate.