Apartment Prices in Turkey 2026 | Your Comprehensive Guide

Apartment prices in Turkey vary significantly from city to city, currently ranging between $65,000 and $150,000 depending on the location, number of rooms, and proximity to the sea or city center. The currency (dollar or Saudi riyal) also plays a role in determining the actual cost for foreign investors. So, which are the cheapest cities? And what factors increase or decrease the price?

Continue reading to discover the details with numbers and updated maps for 2026.

How did the Foreigners' Ownership Law affect apartment prices in Turkey?

• After the issuance of the Foreigners' Ownership Law in Turkey in 2012, property prices in Turkey rose rapidly, as most Arab nationalities gained the right to own real estate, especially apartments in Turkey.

• It was natural for apartment prices in Turkey to increase by 60 to 90% over the following years due to the new legislation, which indeed happened, and prices even exceeded that significantly in some areas due to specific conditions and factors.

• According to the 2012 law, the Turkish government introduced more flexible legislation, opening the door for citizens of over 129 countries worldwide to enter the Turkish real estate market.

• Simultaneously, encouraging real estate and investment laws were enacted, positively impacting apartment prices and achieving shared sustainable development benefits for both sides; Turkey, the promising country, and the incoming investor seeking a new opportunity in a stable and prosperous land.

• The Turkish government, alongside private sector real estate companies, plays a pioneering role in encouraging real estate investment in Turkey, offering special deals and ownership facilitation within Turkish apartments and promoting new real estate projects, positively reflecting on freehold apartment prices in Turkey and meeting investors' needs with various payment methods, including a wide range of comfortable installment options. All this aims to make apartment prices in Turkey affordable for all social and investment segments.

• The political, economic, and social stability enjoyed by the country ensures that residential apartments and properties purchased in Turkey maintain their value and increase steadily over time. This was reflected in the smooth transition to the presidential system following early presidential and parliamentary elections in June 2018, resulting in a strengthened government and greater stability in Turkey.

How do apartment prices in Turkey compare to European countries?

• Arab investors are attracted by the low prices of apartments for sale in Turkey compared to European countries. For example, in Istanbul, Turkey’s economic capital and its largest city by population, you can buy a small apartment on the map for $250,000, located in a suitable tourist area with promising investment value.

The American Times newspaper stated that overall property prices in Turkey remain 50 to 60% lower than in Eastern Europe, and 80 to 90% less than similar properties in Western Europe.

• • As detailed in a previous article, Turkish real estate remains cheaper than in 100 European cities.

  • Turkey offers foreign investors better real estate opportunities in terms of prices compared to other Mediterranean countries, in addition to rental yields reaching about 5.4%, among the highest in the region.

Factors affecting apartment prices in Turkey

1. Area: City type and significance

• Touristic, commercial, and industrial advantages of each city and its proximity to the sea are highly significant for apartment prices in Turkey.

• There are many tourist cities in Turkey such as Istanbul, considered the largest, most important, and most beautiful due to its beaches, historical sites, and leisure spots. It may be the most expensive city in Turkey. Here is a list of living costs and apartment prices in Istanbul, showing price variations by its 39 municipalities!

• Cities such as Trabzon, Bursa, Antalya, and Yalova are equally important due to their charming and attractive nature and touristic features.

• Prices tend to be relatively lower and less in demand in interior cities such as Konya, Eskisehir, Gaziantep, and others.

2. Apartment location within the city

Several factors determine the price here:

• Proximity to tourist places like beaches, sea views, lakes, public parks, historical sites such as famous mosques, palaces, old castles, museums, and entertainment venues.

• Nearness to the airport and public transport such as the metro, the rapid bus line (Metrobüs), main streets, and highways.

• Proximity to major development projects in the country, like the new Istanbul Canal, new Istanbul Airport, new metro lines, medical cities, etc. Price increases after completing such projects offer very encouraging profit opportunities.

• Distance or closeness to the city center or district center, such as Başakşehir, Istanbul’s new center, where apartment prices are excellent.

• Whether the apartment is in a coastal area overlooking the sea, rural green areas, or city center, all of this greatly influences apartment prices in Turkey.

3. Apartment specifications

Key factors include:

The apartment’s area, number of rooms, bedrooms, bathrooms and toilets, balconies, year of construction, floor number within the building, readiness for occupancy or delivery date, quality of finishing, and other aspects.

What are the apartment prices in Turkey?

Apartment prices in Turkey vary by city, property type, location, and size. In 2026, buyers or investors can find apartments priced from around $65,000 to over $150,000 in major cities. The following table shows average prices by city and apartment type:

Average apartment prices in Turkey in Saudi Riyal

Average apartment prices in Turkey in Turkish Lira

Average apartment prices in Turkey by area classification

• Ultimately, it can be said that with $250,000 you can buy a well-spec’d apartment in a large city like Istanbul. Generally, freehold apartment prices in Turkey remain relatively reasonable compared to countries with similar advantages as Turkish real estate.

• The Turkish real estate sector and construction sector are expected to continue their growth and profits, with Arab and European investors maintaining interest in these sectors in Turkey due to the anticipated gains from the ongoing improvement in apartment prices in Turkey.

• There are still promising areas and vast spaces in Turkey for investment yet to be developed or entered by investors and developers, but they are on their radar due to their currently low value and strategic promising location.

• Statistics estimate that Istanbul alone needs around two million new housing units, so government and private construction companies continue launching new residential projects and offering apartments for sale in Turkey, serving as an important indicator of growth in apartment prices in Turkey in the future.

• Clients always seek approximate figures or answers to their frequent question: How much are apartment prices in Turkey? Thus, it must be clarified that prices are governed by multiple factors related to the property, city, and other objective circumstances. Nevertheless, we can present approximate models of average apartment prices in Turkey according to exchange rates against the Turkish Lira as of June/October 2023, according to the following tables:

1. Apartment prices in Istanbul, Turkey in US Dollars

2. Apartment prices in Istanbul, Turkey in Saudi Riyal

Also read: Apartment prices in Istanbul in USD, Turkish Lira, and Saudi Riyal

3. Apartment prices in Trabzon, Turkey in US Dollars

4. Apartment prices in Trabzon, Turkey in Saudi Riyal

To view detailed projects with specifications and prices, you can visit the following links:

Apartments for sale in Trabzon - Apartments for sale in Istanbul.

After completing your research on apartment prices in Turkey and its wonderful cities, when you decide to buy, do not forget to consult a reliable real estate company, such as Imtilak Real Estate, your real estate advisor in Turkey, to facilitate the procedures of purchasing and owning apartments in Turkey, and to guarantee the best reliable prices for the finest apartments within government-backed projects in Turkey.

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Edited by: Imtilak Real Estate©