The Real Estate Service Exporters’ Association (GİGDER), in collaboration with the brand and market research company AGS Global, has published the 20th edition of GIGDEX, the housing sales index for international investors. According to the results of the study covering the first quarter of 2026, the GIGDEX has entered a recovery phase, ending the consecutive declines experienced since the second half of 2025.
The index, which declined to 136.7 due to the downward trend observed in the third and fourth quarters of 2025, recorded a sharp increase to 169.4 points in the first quarter of 2026. On a unit price basis, the average sales price to international investors rose from 220,722 USD in the last quarter of 2025 to 273,635 USD in the first quarter of 2026.
40.9% of GİGDER members participating in the survey stated that they do not expect a significant change in housing sales to international investors over the next three months. While 45.5% expect an increase in sales, only 13.6% anticipate a decline. This outlook indicates that the sector maintains a cautiously optimistic perspective for the upcoming period.
Rising tensions in the Middle East have accelerated the search for safe havens among global capital. Data from GIGDEX 20 presents a significant outlook on whether wealthy individuals, whose interest in Dubai is declining, will turn their attention to Türkiye. While 54.6% of GİGDER members believe that Türkiye could become the new preference for these investors, 45.4% adopt a more cautious stance.
In the first quarter of 2026, 33.5% of housing sales to international investors carried out by GİGDER members consisted of second-hand properties. These results indicate that investors are not only focusing on new developments in Türkiye but are also integrating directly into the existing housing stock.
GİGDER will continue to be the voice of the sector through its ongoing efforts. We look forward to meeting again in the GIGDEX 21 study, which will cover the second quarter of 2026.
