1. Market Overview

Turkey’s real estate market has demonstrated resilience and growth, making it an attractive option for investors seeking substantial returns. Despite global economic fluctuations, Turkey’s property market has shown consistent appreciation.

2. Rental Yields

Rental yields in Turkey have been favorable, offering investors steady income streams. For instance, cities like Istanbul and Antalya offer rental yields ranging between 4% to 7% annually. These yields are competitive when compared to other investment avenues.

3. Citizenship by Investment

Investing a minimum of $400,000 in Turkish real estate can qualify foreign investors for Turkish citizenship, provided the property is held for at least three years. This program has attracted significant interest due to the benefits of Turkish citizenship, including visa-free travel to numerous countries.

4. Market Projections

The Turkish real estate market is projected to reach USD 110.10 billion in 2025 and further grow to USD 186.87 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 11.16%. This growth is driven by factors such as economic growth, urbanization, and increasing demand from both domestic and foreign investors.

5. Regional Insights

• Istanbul: The average house price soared by 29.6% in January 2025 compared to the previous year.

• Izmir: Property prices have risen by 33.6%, reflecting the region’s growing appeal.

6. Investment Considerations

• Legal Framework: Foreign nationals can purchase property in Turkey, with certain restrictions based on nationality and property location.

• Taxation: Buyers should be aware of associated costs, including title deed fees, VAT (if applicable), and annual property taxes.

• Financing: The Turkish government offers mortgage rates of up to 1%, making real estate investment more accessible.

7. Conclusion

Turkey’s real estate market in 2024–2025 presents lucrative opportunities for investors. With favorable rental yields, potential for capital appreciation, and the added benefit of citizenship by investment, Turkey remains a compelling destination for real estate investment.