Azerbaijani citizens increased apartment purchases in Türkiye by 4% in 2024

In 2024, Azerbaijani citizens bought 866 apartments in Türkiye, with 110 of them purchased in December, Report informs, citing the Turkish Statistical Institute.

This is 34 apartments (4.1%) more compared to 2023. The number of apartments purchased in December increased by 58 units (2.1 times) compared to the same month in 2023.

Azerbaijani citizens ranked 6th among foreign property buyers in Türkiye.

Overall, 23,975 apartments were sold to foreign citizens in Türkiye in 2024 (decreased by 11,293 units or 32.02% year-on-year). In December alone, 2,437 foreign citizens (360 units or 17.33% more) became property owners in the country.

Russian citizens remained the top foreign property buyers in Türkiye last December. They purchased 438 apartments (89 units or 16.9% less) last month. In 2024, Russians bought 4,867 apartments (5,693 units or 2.2 times less) in this country.

Iranian citizens ranked second. Iranians bought 2,166 apartments in Türkiye last year, with 239 acquired in December. This is 2,106 units or 2 times less year-on-year, but 34 units or 16.6% more in monthly comparison.

Ukraine completed the top three. Last month, Ukrainian citizens acquired 181 apartments (68 units or 60.2% more) in Türkiye, and in 2024, they bought 1,290 apartments (89 units or 5.17% less).