According to data from the Turkish Statistical Institute (TÜİK) published on September 17, in August 2026, Ukrainian citizens purchased 147 residential properties in Turkey and ranked second among foreign buyers, trailing only Russian citizens.
In August, Russians purchased 343 properties, Ukrainians 147, and Iranian citizens 140. Thus, Ukrainians accounted for about 7.6% of all residential property sales to foreigners in Turkey that month. Russians accounted for about 17.7% of foreign purchases.
Compared to July, activity among Ukrainian buyers increased slightly. In July, Ukrainian citizens purchased 145 properties and ranked third behind Russians and Iranians. Thus, the number of transactions involving Ukrainians in August increased by approximately 1.4%, while the number of purchases by Russians decreased from 394 to 343 properties, or by nearly 13%.
In total, 1,938 residential properties were sold to foreigners in August, which is virtually on par with last year’s level—an increase of just 0.1%. Compared to July, when foreigners purchased 2,120 properties, the number of transactions fell by approximately 8.6%. Foreign buyers accounted for 1.5% of total housing sales in Turkey in August.
Meanwhile, Turkey’s domestic market contracted much more rapidly. In August, 127,410 residential properties were sold in the country—14.7% fewer than a year earlier. Sales of new homes fell by 4.5% to 44,378 units, while sales of existing homes dropped by 19.4% to 83,032 units.
On the other hand, the mortgage lending segment showed growth. The number of mortgage transactions increased by 7.2% to 22,131, accounting for 17.4% of total housing sales. From January through August, the volume of mortgage-backed sales rose by 27.6% to 188,813 units.
In the first eight months of 2026, 950,529 residential properties were sold in Turkey—6.8% fewer than during the same period last year. Foreign buyers purchased 13,141 properties during this period, which is 6.3% less than in January–August 2025. Thus, foreign demand is generally declining at roughly the same rate as the Turkish market.
The concentration of Ukrainian demand in Antalya is particularly noticeable. In August, foreigners purchased 599 residential properties there, with Ukrainian citizens buying 114 apartments and houses. This means that Antalya accounted for about 78% of all August purchases by Ukrainians in Turkey.
Russians purchased 226 properties in Antalya, while Germans purchased 56. In terms of the total number of foreign transactions, Istanbul took first place (763 properties), followed by Antalya (599), Mersin (143), Ankara (92), Trabzon (47), and Yalova (45).
Ukrainians have remained among the largest foreign buyers of Turkish real estate for several years now. By the end of 2025, Ukrainian citizens had purchased 1,541 residential properties in Turkey, ranking third behind Russians—with 3,649 transactions—and Iranians—with 1,878. In 2024, Ukrainians purchased 1,631 properties.
At the same time, the decline in the number of transactions is occurring against the backdrop of continued nominal price growth. As previously reported by Open4Business, in July 2026, the average price per square meter of housing in Turkey reached approximately 41,700 Turkish lira, or about $871, while the average price per property was approximately 5.21 million lira, or $109,000. However, taking high inflation into account, housing prices fell by approximately 6.6% in real terms over the year.
According to data from the Ukrainian international real estate agency Homium, the average budget of a Ukrainian real estate buyer in Turkey in 2025–2026 is approximately $100,000–$200,000. The company operates, in particular, in the markets of Alanya, Antalya, Istanbul, Bodrum, Fethiye, Mersin, and other regions of Turkey. Prices for the most affordable properties in some regions start at approximately $45,000–$65,000, while real estate in Istanbul, Bodrum, and other prestigious locations is significantly more expensive.
“August statistics show that Ukrainian demand for real estate in Turkey remains stable despite the general cooling of the market. Buyers have become more rational and are evaluating property prices, rental potential, maintenance costs, and liquidity much more carefully. For Ukrainian clients, Turkey remains, first and foremost, an accessible market thanks to its geographical proximity, a wide selection of properties, and a well-established infrastructure for foreign owners. At the same time, demand is mainly concentrated in Antalya and along the Mediterranean coast,” noted Artur Brazilevsky, CEO of Homium.
It is telling that, despite a nearly 15% drop in the total number of transactions in the Turkish market, sales to foreigners in August remained virtually at last year’s level. This may indicate a stabilization of foreign demand following a prolonged downturn; however, data for the period from January through August do not yet point to a full recovery.
BUYER, Homium, REAL ESTATE, TURKEY, UKRAINE
Related:
