A comprehensive guide to the Turkish real estate market

In this article, we will provide an overview of the real estate market in Turkey in terms of features and benefits. We will also discuss the promising prospects and future expectations for this vital sector that attracts investors from all over the world.

Overview of the Turkish Real Estate Market

The Turkish real estate market has witnessed significant growth over the past few decades, attracting both local and international investors. The country’s stable economy, advanced and comprehensive infrastructure, and government incentive policies have been key drivers of market growth. Istanbul is considered the economic capital of Turkey and a particularly popular destination for real estate investment, with high and growing demand for both residential and commercial properties. Long-term growth prospects for this type of investment in the country remain positive.

What distinguishes the Turkish real estate market?

The Turkish real estate market is characterized by a rapidly growing economy, record sales figures for residential apartments and various establishments, increased foreign investment, supportive and encouraging government policies, a favorable tax system for foreign investors, and a strategic location at the crossroads of Europe and Asia. These factors have contributed to increased demand for residential and commercial properties in major cities such as Istanbul, Antalya, and Bursa. Additionally, property prices compared to other European cities have played an important role in encouraging investment and achieving record sales, making it an important destination for real estate investment.

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Why is the Turkish real estate market attractive to foreigners?

The Turkish real estate market is attractive to foreigners for several reasons that make it a preferred choice for investors seeking affordable opportunities and important capital growth and investment returns. These factors include:

• Affordable prices compared to other European cities; the cost of living and property prices in Turkey are relatively low, making it an attractive destination for foreign investors.
• A booming economy, as Turkey features a fast-growing economy and a large population, along with significant numbers of expatriates, tourists, and residents, resulting in high demand for both residential and commercial properties.
• Government incentive policies to encourage foreign investment in the real estate market, such as real estate residence permits, low taxes, and the possibility of applying for Turkish citizenship if the property value is $400,000 or more.
• A strategic location at the crossroads of Europe and Asia, making it an important center for business and tourism, providing a significant source for sales or rentals for foreign investors.
• Comprehensive and advanced infrastructure across various sectors, with the government making major investments in developing infrastructure, including transportation, tourism, communications, and more.

Turkish Real Estate Sales to Turks

Due to the prosperous and growing real estate market in Turkey, record sales figures are increasing year after year. In 2022, Turkish real estate sales reached 1,485,622 properties sold. Istanbul ranked first as the top-selling Turkish city with 259,654 properties, accounting for 17.5% of total sales nationwide.

Turkish Real Estate Sales to Foreigners

Foreign investors or expatriates seeking residence in Turkey find a valuable and important opportunity for property ownership, knowing that investing in Turkey now means securing capital and earning a satisfactory profit margin within a short period. Accordingly, Turkish real estate sales to foreigners in 2022 reached 67,490 properties, an increase of 15.2% compared to the previous year, 2021.

Among foreign communities, Russians ranked first with 16,312 properties, followed by Iranians with 8,223 properties, and Iraqis with 6,241 properties.

Comparison of Turkish Real Estate Market Sales: Past vs Present

Despite the fluctuations in the global economy in recent years, the Turkish real estate market has maintained its position as one of the most dynamic sectors and remains an attractive destination for medium- and long-term real estate investment.

Looking back before 2010, real estate investment in Turkey did not receive the same attention as it does today, due to the lack of encouraging legislation and limited market openness to foreign investors, despite the country’s vast geographical area.

In the subsequent phase and up to today, the sector has witnessed a clear construction boom, with construction companies continuing to implement various residential and investment projects, providing a wide range of options to meet the diverse goals of investors.

During the past decade, the Turkish real estate market recorded remarkable growth driven by increased demand for residential and commercial properties. According to data from the Turkish Statistical Institute, real estate sales peaked in 2022, exceeding 1.4 million units, before the market experienced a natural correction in 2023 and 2024 due to tighter monetary policies and rising interest rates.

Despite a relative decline in sales volume during that period, the market showed clear resilience, with sustained real demand related to housing and long-term investment, and activity gradually returned in 2025, heading towards stability supported by a balance between supply and demand.

Compared to the past, today’s Turkish real estate market is more mature and organized, within a clearer investment environment in terms of laws, infrastructure, and major projects. This has contributed to continued interest from foreign investors, especially with prices remaining at competitive levels compared to European markets, alongside government policies supporting the real estate sector.

Turkish Real Estate Market Forecast for 2026

Real estate market experts and economic analysts expect a promising future for the market in Turkey in 2026. Compared to previous years, real estate sector statistics have achieved record highs each year. The increasing demand for investment in this field and economic stability further strengthen these expectations, attracting more investments to this vital sector.

Read more: Real Estate Market Forecast in Turkey 2026

Property Price Forecasts in Turkey for 2026

Property prices are affected by several factors, such as supply and demand, inflation rates, the availability of building materials and labor, strategic location, proximity to vital areas, as well as the level of social and recreational services. With the gradual decline in inflation rates and the government’s efforts to achieve relative economic stability, the real estate sector is expected to maintain its strong presence. As for prices, the general trend according to current data is towards a gradual increase.

Read more: Property prices in Turkey

Imtilak Real Estate: Your Safe Gateway to the Turkish Real Estate Market

At Imtilak Real Estate, with years of experience and a broad presence across key Turkish provinces, and by securing a significant share of exclusive and joint marketing projects, as well as the ability to provide unique freehold opportunities at suitable prices for most investment segments, Imtilak Real Estate has established a solid foundation in comprehensive real estate services. This is achieved through an integrated and smooth work mechanism that covers all stages of freehold and post-purchase, ensuring our clients a satisfactory and successful investment experience, with the aim of obtaining the best real estate opportunities in the shortest and easiest ways.

For more information and inquiries, contact our company consultant for the support you need.

Edited by: Imtilak Real Estate©