A sharp decline of 71% in square meter sales and a 45% drop in transaction numbers underscores a waning interest from international buyers.

Rising property prices have been a major deterrent, making Turkish real estate less attractive to foreign investors. This trend is particularly evident among buyers from Gulf countries, who have reduced their investments by 74%.

In other words, the quality level of the property does not correspond to the inflated prices it commands.

Despite the overall decline, certain nationalities remain active:

Russians, Iranians, Iraqis, and Ukrainians continue to show interest in Turkish properties.
Istanbul remains the top choice for foreign buyers, followed by Bursa and Mersin.

To regain investor confidence, the Turkish government may need to consider measures to stabilize the economy and attract foreign capital.