Turkey's Property Market in Q3 of 2025: 9% Year-On-Year Increase in Total Sales

The Turkish Statistical Institute (TUIK) has published data on residential property transactions in September. 

By the end of Q3, home sales had increased across Turkey. From July to September, 436,834 properties were sold, representing a 9% increase on the same period in 2024 and a 22.67% increase on Q2 2025.

The number of transactions involving foreign nationals has been gradually increasing this year. In the first 3 quarters of 2025, 5,628 transactions were recorded, compared to 4,807 and 4,603 in the previous quarters. 

The most popular regions for real estate sales among foreigners are Istanbul, Antalya and Mersin. Istanbul leads with 2,058 transactions. In Antalya and Mersin, 1,775 and 422 transactions were concluded, respectively. 

Russians traditionally top the list of foreign buyers of real estate in Turkey. As usual, they accounted for 18% of all foreign transactions in Q3 2025. From July to September, they bought 865 properties, which is slightly fewer than in the previous quarter (876). 

Prices for new buildings in dollars continued to rise in September 2025. According to the Endeksa platform, the cost per square metre in Istanbul increased by 8.31% over the year to reach 1,486 US dollars. The increases were 9.19% in Antalya, 3.56% in Mersin, and 9.82% in Izmir.