Property Prices in Turkey in 2025
According to data from the Turkish real estate analytics platform Endeksa, as of the end of February 2025, annual housing price growth in Turkey stands at 11.23% in US dollars. The average price per square metre of housing across Turkey reached 869 dollars. The average price of a single residential property rose, reaching 113,000 dollars in February compared to 106,000 dollars in February 2024.
Rental price growth is accelerating alongside housing prices: in February 2025, rents in dollar terms increased significantly — by 40.54%.
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Overview of the housing market in Turkey’s 7 provinces with the highest residential property transactions
City | Number of properties sold in February 2025 | Average price per m² in February 2025 ($) | Annual price growth ($) |
Istanbul | 19,347 | 1,301 | 25.83% |
Ankara | 10,791 | 748 | 33.22% |
Izmir | 6,899 | 1,118 | 30% |
Antalya | 6,480 | 1,097 | 21.72% |
Bursa | 3,859 | 744 | 27% |
Kocaeli | 2,655 | 824 | 32.29% |
Mersin | 4,122 | 751 | 23.48% |
Sources: transaction statistics according to TUIK data, prices according to Endeksa data
Most promising regions in Turkey
Istanbul
Istanbul is the largest economic, financial, tourist, and cultural city in Turkey, home to one of the world’s biggest aviation hubs. Plans are also underway to construct an alternative to the Bosphorus Strait — the Istanbul Canal. Local authorities expect the new transport canal to turn Turkey into a logistics superpower.
In 2024, 239,213 properties were sold in Istanbul — the highest number among Turkish cities. In February 2025, Istanbul also maintained its traditional lead in sales volume at 17.5% (19,347 properties). In 2024, the city’s population grew by 420,000, including 150,000 foreigners (primarily from Russia, Iran, and CIS countries). The steady, long-term population increase ensures strong demand for rental and purchase properties from end-users.
From January to February 2025, secondary home sales in Turkey rose by 31.6% compared to the same period last year. Currently, in Turkey — and particularly in Istanbul — the ratio of primary to secondary market transactions is roughly 30% to 70%. This indicates strong demand from end-users and the relative ease of reselling properties, especially for those seeking citizenship.
New builds, meanwhile, appreciate faster and are easier to rent out — both short- and long-term. In the city, rental prices rose by 20% between February 2024 and February 2025.
In central Istanbul’s new developments, prices for luxury housing reach up to
18,000 dollars per sq. metre. Central districts also offer a wide selection of newly built, renovated to modern standards properties ranging from 5,000 to 16,000 dollars per sq. m.
According to a study and survey by the Housing Developers and Investors Association (KONUTDER), the share of homeowners in Istanbul fell to 56.1% in 2024, while the proportion of renters increased to 36.7%. A significant majority of respondents (81.1%) believe real estate investment is a rational financial decision.
From $840,000
Built in 2025 Total of 660 apartments
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Completion in: 2025.II Total of 141 apartments
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Completion in: 2025.IV Total of 1050 apartments
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Built in 2023 Total of 2750 apartments
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Completion in: 2025.IV Total of 153 apartments
Antalya
Antalya is the second most popular location in Turkey for foreigners looking to buy property or start a business, thanks to its prime position on the Mediterranean coast. The region boasts a warm climate, over 300 sunny days a year, and stunning beaches, making it highly attractive for those seeking holiday homes or permanent residences. Antalya’s appeal is further enhanced by its well-developed tourism infrastructure, including modern resorts, restaurants, shopping centres, and an international airport.
Over the past five years, more than 60,000 residential properties in Antalya have been sold to foreigners. Buyers from Russia, Iran, Iraq, and Germany top the list, but European nationals — particularly from Germany, Sweden, Norway, the UK, Ireland, France, Austria, and Denmark — collectively purchase the most real estate in the region.
Bodrum
Notably, Bodrum ranks among Turkey’s top 10 real estate investment destinations and stands out as the country’s most luxurious resort for both locals and foreign investors.
Bodrum’s appeal lies in its diversity: from budget-friendly rental apartments to high-end villas and Forbes-approved hotels, all offering all-inclusive services, spa facilities, and wellness amenities. Investors can choose from a variety of property types depending on their financial goals.
In February 2025, property prices in Bodrum rose by 14% year-on-year. The average property sale price reached 373,000 dollars, with the typical listed home spanning 137 sq. m.
Prices continue to climb across most of the peninsula, with the highest growth recorded in Çamlık, Akçaalan, Gürece, Yakaköy, and Bitez.
The most popular locations in Turkey
In February 2025, foreign property purchases fell by 21% year-on-year, totalling 1,465 transactions. January—February sales to foreigners accounted for just 1.3% of all Turkish property deals, per official statistics. Historically, foreign buyers made up 1.6% of the market in 2024 and 2.9% in 2023 — proof of Turkey’s strong domestic real estate demand.
The overall growth in Turkish property sales is a positive sign for investors. Rising local demand ensures price appreciation and asset liquidity, while the modest share of foreign buyers shields the market from global economic and political fluctuations.
Top locations for foreign buyers (Jan—Feb 2025):
- Istanbul — 1,150;
- Antalya — 972;
- Mersin — 207;
- Ankara — 100;
- Bursa — 72;
- Yalova — 82;
- Sakarya — 63;
- Mugla — 53;
- Izmir — 52.
From $181,000
Completion in: 2025.IV Total of 406 apartments
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Yield 20.0% Built in 2024
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Built in 2024 Total of 36 apartments
From $745,000
Completion in: 2024 Total of 14 apartments
From $376,000
Completion in: 2025.III Total of 202 apartments
From $1,375,000
Built in 2023 Total of 6 apartments
Foreign demand for Turkish property
Buyers from Russia, Iran, Iraq, Ukraine, Kazakhstan, and Germany showed strong interest. In February 2025, Russians maintained their 35-month streak as the top foreign buyers of Turkish real estate.
Turkey’s 2024 infrastructure expansions, including new high-speed rail lines and metro extensions in Istanbul, have made it even more appealing to both domestic migrants and expats from the Middle East, Europe, and CIS countries.
Over the past decade, Istanbul has transformed — especially in transport accessibility. Having a metro station within a 10–15 minute walk is now a key advantage. The Marmaray commuter rail has been a game-changer, seamlessly connecting the city’s European and Asian sides.
As of 2024, Istanbul has 158 metro stations, with 36 more under construction.
Turkish citizenship by investment
Foreign demand is partly driven by Turkey’s citizenship-by-investment programme: an estimated 22–38% of overseas buyers aim to secure a Turkish passport through real estate.
Requirements:
- Purchase one or multiple properties with a total cadastral value of 400,000 US dollars (no restrictions on property type).
- Residence permits are issued within 60 days of purchase.
- Citizenship is granted within 9–16 months.
A cheaper alternative is a 2-year residence permit, available for property purchase of 200,000 dollars.
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