In 2024, Ukrainians acquired more than 1,600 real estate objects in Turkey, becoming the third among foreign buyers. The minimum cost of housing to obtain a residence permit is 200 thousand dollars, and the average price of an apartment in popular regions ranges from 120 to 250 thousand dollars.
This is evidenced by data from the Turkish Statistics Institute (TUIK). In recent years, Turkiye has become attractive to many foreigners, including Ukrainians. The reasons for this interest are quite obvious:.
In terms of the number of purchased objects in 2024, Ukrainians were second only to citizens of Russia and Iran. The Russians are in the first place for the third year in a row, having acquired 4,867 objects, but their activity has significantly decreased compared to previous years. For example, in 2022, citizens of the Russian Federation purchased a record 16.3 thousand objects, which was associated with the announcement of “mobilization”.
Iranians took second place, purchasing 2,166 properties.. Ukrainians maintain a stable third position, maintaining a high level of activity in the Turkish market even in conditions of economic uncertainty. In December 2024, Ukrainian citizens bought 181 real estate properties, only slightly inferior to the Iranians (239 properties).
In 2023, the Turkish government increased the minimum property value required to obtain a residence permit. Previously, this amount was 50 thousand dollars for small cities and 75 thousand dollars for megacities. Now, to obtain such a document, you need to purchase housing worth at least 200 thousand dollars.
This change did not stop the interest from Ukrainians, because most of them consider real estate in Turkey as a long -term investment. In addition, rising real estate prices make it an even more attractive asset for saving capital. Demand for Turkish real estate among Ukrainians will probably be preserved in 2025. The main factors contributing to this remain:.
At the same time, the increase in the minimum cost of housing for a residence permit can limit the number of buyers with average income. Those who will not be able to invest 200 thousand dollars will be considered by Turkey exclusively as an option for relaxation or leasing, without pursuing the purpose of permanent residence.