Iraqis ranked fifth among foreign buyers of real estate in Turkey during the first nine months of 2025. They purchased a total of 929 homes across the country, highlighting Iraq’s continued interest in the Turkish property market despite overall declines in foreign transactions.
Data revealed that Iraqi purchases fluctuated month to month, ranging between 70 and 146 homes. The highest number of acquisitions occurred in September, indicating a late-year increase in demand. Compared with the same period in 2024, when Iraqis bought 893 homes, this year’s figure marks a 3.8% rise. However, it also reflects a significant 41% drop from 2023, when Iraqi nationals acquired 1,599 homes in Turkey.
Russians continued to lead the foreign real estate market with 2,520 purchases during the same period. They were followed by Iranians, who bought 1,327 homes, while Ukrainians ranked third with 1,018 properties. Germans tied with Iraqis at 929, reflecting a competitive and diverse foreign ownership landscape in Turkey’s housing sector.
Since 2015, Iraqis had long dominated the Turkish real estate market, consistently ranking as top buyers for several years. However, changing economic conditions, tighter regulations, and the depreciation of the Turkish lira have influenced buyer trends. Iraqis dropped to second place behind Iranians in early 2021 and later to third in 2022 after Russian investors significantly expanded their purchases.
Despite the decline, Iraqis ranked fifth continue to view Turkey as a favorable destination for investment, tourism, and residency. Shared cultural ties, proximity, and Turkey’s real estate citizenship program remain key factors driving interest. Market experts expect Iraqi investment in Turkish property to stabilize as both countries strengthen economic and trade relations.