Property Prices in Turkey in 2026

According to data from the Turkish real estate analytics platform Endeksa, August 2026 housing report, the average asking price in Turkey was about $888 per square metre and about $111,000 per home. In US dollar terms, the square-metre price rose by approximately 5.3% year on year.

Overview of the housing market in Turkey’s 7 provinces with the highest residential property transactions

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.

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 August 2026, foreign buyers purchased 1,938 homes in Turkey, 0.1% more than a year earlier and 1.5% of all home sales. In January–August, they purchased 13,141 homes, 6.3% fewer than a year earlier.

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.

Foreign demand for Turkish property

In August 2026, Russian citizens remained the largest nationality group among foreign homebuyers in Turkey, purchasing 343 homes. Ukrainian buyers followed with 147 purchases and Iranian buyers with 140.

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.

Elena Mutlu Product Manager in Tranio Turkey

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 more eligible properties with a combined value of at least $400,000 and register a three-year no-sale undertaking.
• The short-term residence-permit stage after purchase commonly takes 2–4 weeks.
• After a complete application, citizenship commonly takes 3–6 months; an identity card and passport may take another 1–2 weeks after approval. These are indicative, not guaranteed, processing times.

A cheaper alternative is a 2-year residence permit, available for property purchase of 200,000 dollars.