Iraqis Rank Third in Real Estate Purchases in Turkey
The Turkish Statistics Authority has reported that Iraqis were the third-largest group of foreign property buyers in Turkey during January 2025. The authority’s findings indicate a robust increase in home sales across the country, with total transactions rising by 39.7% year-on-year, culminating in a total of 112,173 homes sold.
Despite this growth in overall sales, real estate purchases by foreigners experienced a notable decrease of 24.9% from January of the previous year, resulting in 1,547 properties purchased by international buyers.
Foreign Buyers Overview
The latest data reveals that Russians continue to lead the rankings for foreign real estate buyers in Turkey, with 248 homes purchased. They are followed by Iranians, who acquired 262 properties. Iraqis occupy the third position, purchasing 103 homes.
The data breakdown of foreign buyers includes:
| Nationality | Number of Homes Purchased |
|---|---|
| Russians | 248 |
| Iranians | 262 |
| Iraqis | 103 |
| Ukrainians | 94 |
| Germans | 75 |
| Azerbaijanis | 50 |
| Chinese | 49 |
| Afghans | 42 |
| Kazakhs | 41 |
| British | 39 |
Historical Context
It is important to note that Iraqis have historically been among the top foreign buyers of real estate in Turkey, holding the leading position since 2015. However, they fell to second place behind Iranians at the beginning of 2021, and subsequently to third place in April 2022, largely due to the growing demand from Russian buyers for Turkish properties.
This data highlights a dynamic shift in the landscape of foreign real estate investment in Turkey, reflecting broader economic trends and buyer preferences in the current market.