Author: Luxury Estate Turkey
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14 August 2025
According to official statistics, Turkey’s housing market in 2025 is showing rapid and confident growth. In the first half of the year, around 692,000 property sales were registered — 26.9% more than in the same period of 2024. This is the second-highest result in history for the January–June interval, second only to the peak years of pre-crisis demand.
The main driving force remains domestic demand: despite higher lending costs, Turkish families and private investors continue to see real estate as a reliable way to preserve capital.
Spring 2025 was particularly active: in April, sales exceeded last year’s figures by 57%, and in May, 130,000 properties were sold (+17.6% year-on-year). This was largely the result of the low base effect from 2024 and the release of pent-up demand, which began to materialize after the economic situation stabilized.
The chart below illustrates the monthly comparison of property sales in the first half of 2025 versus 2024:
The most dramatic surge came in the first quarter: January alone saw over 112,000 homes sold (+39.7% year-on-year). The market peaked in April and May, followed by the expected seasonal correction in June. However, even the “quiet” June 2025 (about 108,000 transactions) was one-third higher than June 2024. This stable upward trend confirms that Turkey’s real estate market has firmly overcome the downturn of 2022–2023 and entered a new growth phase.
One important trend has been the renewed interest in mortgage lending. As inflation eases and monetary policy gradually softens, the number of mortgage-financed purchases is rising. In the first half of 2025, more than 103,000 properties were bought with bank loans — twice as many as a year earlier. In some months, growth rates reached triple digits: in June, mortgage transactions jumped 112.6% year-on-year.
Even so, mortgages still account for only about 15% of all purchases, with roughly 85% of transactions paid in cash or through developer installment plans. This structure shows that the market is supported by solvent domestic demand, which has not been deterred by high interest rates.
Alongside rising sales, property prices continue to increase. According to the official price index, the average nominal housing price in early 2025 was about 30% higher than a year earlier. However, when adjusted for inflation, real housing values have remained almost flat or even dipped slightly.
Meanwhile, consumer price growth — though still in double digits — has slowed considerably: from a peak of around 70% in mid-2024 to 35.4% in May 2025. This has restored positive real returns for property in Turkey: whereas in 2022–2023 price growth merely offset lira depreciation, in 2025 real estate once again delivers capital gains above inflation.
The record recovery of the tourism sector has become another strong driver for the market. In 2024, Turkey welcomed 56.7 million foreign visitors, placing it 4th in the world in terms of popularity. In 2025, the sector continues to set new records: in the first six months alone, 26.4 million tourists arrived (+1% year-on-year), generating a record $25.8 billion in revenue.
The massive inflow of visitors directly fuels demand for rental and resort properties in Turkey. Many foreign tourists, after spending their vacation here, decide to purchase an apartment or villa for personal use and short-term rentals.
Rising demand is gradually reducing the stock of quality properties. While there are formally about 1 million residential units listed for sale nationwide, a significant portion is either illiquid or belongs to the secondary market in less attractive areas.
In top locations, new projects are often sold out even at the excavation stage. For example, in Alanya’s most sought-after neighborhoods like Cleopatra Beach, a shortage of available land means that all new developments sell out before completion.
Nationally, the absorption rate for new-build housing remains high: in key segments, demand consistently outpaces supply, creating a seller’s market. For investors, this is a signal to act without delay — the best properties are still available, but their number is shrinking with each month of active sales.
The geographical distribution of sales growth in 2025 shows that the market’s upward trend covers not only the largest cities but also the main coastal regions. Istanbul remains the leader by number of transactions (about 16% of all sales), followed by Ankara (~9%) and Izmir (~5%).
At the same time, coastal provinces are posting significant growth alongside the overall positive trend. In Antalya Province, including Alanya, 77,512 properties were sold in 2024 (+19.8% year-on-year), and 2025 is expected to bring another record-breaking performance.
Similar results are being recorded in many cities along the Aegean and Mediterranean coasts, where transaction volumes have reached their highest levels in decades. If current trends continue, total sales in 2025 could surpass the 2021 record and reach around 1.6 million transactions for the year, firmly establishing Turkey among the largest and most dynamic real estate markets in Europe and Eurasia.
One of the key drivers of the market revival in 2025 has been the shift in Turkey’s monetary policy. The country has moved towards stabilization and a gradual reduction in interest rates. Market expectations point to further easing: economists forecast that the policy rate could drop to 28–30% by the end of 2025, provided inflation continues to decline.
For the housing market, this means cheaper borrowing and broader access to mortgage financing for a wide range of buyers.
Already in the first half of 2025, the share of transactions involving bank loans has grown. Banks are lending more actively, and buyers are eager to secure current prices, anticipating further rate cuts.
The government is supporting this process through subsidized mortgage programs for first-time buyers in the affordable housing segment, and is discussing urban renewal schemes with interest-free developer payment plans backed by state banks.
High returns from real estate investments in Turkey continue to attract investor interest. As inflation declines, deposits have become less appealing, prompting more capital to flow into the rental property segment, where yields of 7–8% in foreign currency are achievable — a return many see as more stable and secure.
The slowdown in inflation has been one of Turkey’s key macroeconomic trends in 2024–2025. A significant factor in this was the restoration of investor confidence following the work of the government’s new economic team, which has steered the economy into a phase of stability.
For the real estate market, lower inflation has a direct positive effect. Slower housing price growth improves affordability as real incomes begin to catch up with the cost per square meter. Purchases are increasingly based on actual housing needs and calculated returns rather than on panic-driven decisions.
A distinctive feature of the current growth cycle in Turkey’s real estate market is the leading role of domestic demand. Unlike in past cycles (for example, the boom of 2017–2018), when a large share of transactions was driven by foreign buyers, today over 98% of purchasers are Turkish citizens.
Strong domestic demand makes prices more resilient and minimizes volatility. The market is less dependent on geopolitics or migration waves, and property values are determined by the internal balance of supply and demand. For a foreign investor, this means more predictable price dynamics: investments are not tied to external sentiment, and the risk of prices falling below construction costs is minimal.
At the same time, competition among foreign buyers is at a historic low — their share in total sales has fallen to around 1.5%, giving international investors a greater choice of the best properties. Whereas 3–5 years ago, desirable apartments in Alanya were often contested by multiple foreign buyers (driving prices up), today you may be the only international client in a given project.
Moreover, many developers who had been focused on the foreign market have shifted towards domestic buyers but are now once again ready to work with international clients on more flexible terms — including installment plans and discounts for large upfront payments.
Strong domestic demand ensures that your investment falls into a mass segment supported by the real needs of Turkey’s 85-million population. Markets like this recover more quickly after crises and are more resistant to speculation. The current phase — where local demand is already high while foreign demand is only beginning to return — creates an optimal entry point: you can buy Turkish real estate at “second wave” prices and benefit from the subsequent inflow of international capital.
In 2025, Turkey’s real estate market is shaped by a set of positive conditions. Below are the key factors driving optimism and encouraging active property purchases.
The Turkish economy is showing clear signs of stabilization, creating a favorable backdrop for the property sector. Central Bank measures have restored investor confidence: the country has avoided defaults, rebuilt foreign currency reserves to comfortable levels, and maintained GDP growth for a third consecutive year. International institutions such as the World Bank and IMF are forecasting further growth in 2025.
Buyers are more willing to commit to major purchases when they see the country on a growth trajectory. Developers are restarting projects, while banks, encouraged by a more stable economy, are reducing risk premiums and reintroducing long-term mortgage programs for 5, 10, and even 15 years.
Structural reforms add further momentum: the government has declared its commitment to sound economic policy, reducing the budget deficit, and attracting foreign direct investment. When economic headlines feature tourism records, international financing agreements, and the launch of new manufacturing facilities, the decision to buy property in Turkey becomes far easier.
Investment in infrastructure and urban development is one of the strongest drivers of property value growth. Turkey is implementing large-scale projects that improve regional attractiveness and quality of life, directly translating into higher housing demand.
Road and Transport Network
The government is allocating record budgets to build roads, bridges, tunnels, and public transport. By 2025, the freeway network is set to expand to nearly 50,000 km, including more than 3,700 km of new toll highways. Priority is being given to connecting the eastern and western regions, as well as linking ports and industrial zones.
Notable completed projects include the Çanakkale Suspension Bridge and the Eurasia Tunnel under the Bosphorus. On the southern coast, high-speed freeway construction is underway, including one of the key projects — the Antalya–Alanya highway, launched in July 2025. This road will cut travel time between the two cities from 2.5 hours to just 36 minutes, a development expected to drive property prices upward along the route. Investors are already actively purchasing land and homes near future junctions.
New Economic Zones
New airports and logistics hubs are also boosting demand in surrounding areas. A prime example is Istanbul Airport, designed for 200 million passengers annually, around which a “city-airport” is emerging with business centers, residential areas, and exhibition spaces. In Antalya, expansion works and the construction of a second terminal are underway, set to increase tourist flows and demand for resort real estate — including in Alanya and Gazipaşa.
The series of devastating earthquakes in recent years has transformed Turkey’s real estate market. Safety has become a top priority for buyers, making 2025 a pivotal year for building standards.
Stricter Building Regulations
The government has overhauled legislation and construction codes: stronger foundation requirements, higher rebar and concrete grade standards, mandatory seismic-resistance assessments for projects, and stricter contractor certification. New buildings are now designed with 20–25% higher structural resilience than before. Site inspections have been intensified, and serious violations can lead to prison sentences — with high-profile arrests of developers already taking place.
As a result, new residential complexes now meet much higher standards, and buyers are more inclined to choose new-build properties.
Old Stock Renewal Program
A large-scale program is underway to demolish and replace unsafe buildings, with the government offering subsidized loans and relocation support. This boosts market confidence: outdated stock is being phased out, and replacements are built to modern safety codes.
Investor Benefits
Properties built today meet some of the strictest construction standards in the world. In off-plan projects, independent technical oversight is mandatory, and banks release financing only when compliance is confirmed — reducing the risk of unfinished projects. Compared to ten years ago, the 2025 market is far more reliable, and buyer confidence in quality is translating into a readiness to pay more for safe, compliant housing.
In 2025, Turkey’s property market is showing steady growth both in major cities and in resort areas. Prices and transaction volumes are increasing across almost all segments, with the highest activity observed along the Mediterranean and Aegean coasts, as well as in Istanbul, which remains the country’s largest and most liquid market. Below are the leading regions and the factors shaping their demand.
The Mediterranean region — particularly Antalya Province — firmly holds its position as one of Turkey’s top resort and investment destinations. In 2024, it ranked second nationwide for property sales, with over 77,000 transactions, surpassed only by Istanbul. In 2025, the momentum has not slowed: the first half of the year shows double-digit growth in sales.
Key reasons include:
Internal migration: Many families from major cities such as Istanbul and Ankara are relocating south for the mild climate and relaxed coastal lifestyle. The well-developed infrastructure — international schools, hospitals, and shopping centers — allows residents to live here year-round without compromising on urban amenities.
Popularity among foreigners: Antalya consistently ranks among the top provinces for foreign property purchases — one in every three “foreign-buyer” transactions in Turkey takes place here.
Regional development: New properties in Antalya are actively being built to meet growing demand, with local authorities also investing in infrastructure improvements.
Alanya deserves special attention as the most dynamic sub-market of the province. Between 2023 and 2024, sales volumes remained at 20,000–25,000 transactions annually, with a significant portion involving foreign buyers and relocators.
Over recent years, Alanya has become home to tens of thousands of Russians, Ukrainians, Kazakhs, and Europeans. The city now has a multicultural environment, international schools, and a multilingual daily life. A constant inflow of new residents choosing to settle on the coast sustains steady demand for housing.
High liquidity ensures that properties in Alanya can be rented or resold quickly. At the same time, prices remain lower than in comparable European resorts with similar climates, creating strong potential for future capital growth.
Below are the key regions of Alanya with the highest demand and investment appeal:
Cleopatra
The Cleopatra Beach area is Alanya’s landmark location and one of the best beaches in Europe. Historically, it has attracted European buyers, and today, property here remains the most prestigious and expensive in the city.
Limited supply: The area is densely built, with very few vacant plots. New projects rarely appear, typically as small-scale redevelopments replacing older buildings. As a result, new-build apartments here are exclusive and sell at a premium.
High rental potential: Thanks to proximity to the beach and the city center, properties in Cleopatra are in demand for short-term rentals year-round. Despite high purchase prices, sea-view apartments here can yield 8–10% annually due to premium rental rates.
Prestige and infrastructure: This is Alanya’s main tourist hub, with restaurants, boutiques, parks, a cable car to the fortress, and museums all within walking distance.
Cleopatra is the top choice for those who value beachfront living, prestige, and liquidity. Properties here remain scarce, prices consistently rise, and many beachfront apartments are sold without ever being publicly listed.
Oba
Oba is a modern region east of the city center that has effectively become Alanya’s new administrative and residential hub. It offers projects designed for comfortable year-round living.
European-style development: The architecture features modern low-rise buildings (4–5 floors), spacious courtyards, and abundant greenery. There is no dense high-rise construction, which is especially valued by families.
Established infrastructure: Oba is home to major shopping centers such as Metro and Koçtaş, the state hospital, and several international schools. The relocation of Alanya’s municipal offices here has boosted its profile and property demand.
Investment potential: The upper part of the neighborhood is actively developing, with new parks and roads planned.
Oba is one of the best options in Alanya for permanent living and long-term rentals. It already has a strong international community and steady housing demand.
Tosmur
Tosmur is a compact area about 6 km east of central Alanya, neighboring Oba. It is known for its peaceful atmosphere, greenery, and the Dim River (Dimçay), which flows into the Mediterranean here.
Peace and nature: Tosmur has no noisy hotel clusters, heavy tourist traffic, or round-the-clock activity. The area is filled with citrus groves, and the cool air from the river and mountains makes summer heat more comfortable.
Location: Well connected to the city center via the coastal highway, with buses running every few minutes. The ride takes 10–15 minutes. The area has all daily amenities — supermarkets, markets, cafés, and schools. The beach is sandy-pebble, uncrowded, and good for swimming.
Affordable prices and new projects: Originally a holiday-home area with low-rise buildings, Tosmur is undergoing active redevelopment. Older structures are being replaced by modern mid-rise complexes. Prices here are 20–30% lower than in Oba or the center, yet offer similar comfort levels.
Tosmur is a cost-effective alternative to Oba. As Alanya expands, region boundaries are blending, and prices are gradually catching up. Rental demand is steady, especially from long-term tenants such as expats and European retirees.
Mahmutlar
Mahmutlar is the largest suburb of Alanya, about 12 km east of the historic center. Over the past 15–20 years, it has grown into a satellite city with a population of 60,000–70,000.
Large-scale construction: Mahmutlar leads the region in new-build supply. Development extends inland towards the foothills, with buildings up to 12–15 stories. The housing variety is wide, from studios to penthouses.
Affordable prices: Properties here cost less than in central areas. Competition among developers keeps early-stage prices relatively low. The area attracts budget-conscious investors and those buying multiple units for resale or rental.
International community: Often called “the foreigner region,” Mahmutlar has shop signs and menus in English and Russian, international kindergartens, travel agencies, and service companies. Many buyers come here through personal referrals from friends or family.
Self-sufficient infrastructure: The area has its own schools, clinics, sports facilities, parks, cafés, shopping centers, and banks. Residents rarely need to travel to central Alanya.
Currently, housing supply in Mahmutlar exceeds demand, holding price growth in check. However, Alanya’s population continues to rise, available land is shrinking, and the current surplus is expected to turn into a shortage. Low purchase prices and stable rental demand from tenants from the CIS, Asia, and the Middle East ensure strong rental yields.
Kargıcak
Kargıcak lies directly east of Mahmutlar (15–20 km from central Alanya) and is its polar opposite in character: a quiet, hilly coastline with low-density development and luxury villas.
Low density and natural surroundings: The region consists mostly of pine-covered hills sloping down to the sea. Development is strictly regulated: villas are built on spacious plots surrounded by gardens and orchards. The air is clean, with panoramic sea views and vistas of Alanya’s fortress from most locations.
Villas and boutique residences: Kargıcak specializes in luxury villas, from compact 3+1 homes with pools to palatial multi-family estates. Boutique-style low-rise complexes with 5–10 apartments are also found here, but high-rises are rare. The target audience is affluent buyers seeking privacy and comfort.
Investment potential: The area is set to gain further appeal after government approval for several championship golf courses nearby. These projects, involving international brands and tournaments, could turn Kargıcak into a destination similar to Belek, significantly raising land and property values. Investors are already purchasing with a 5–7 year horizon.
Property in Kargıcak is expensive, but the potential returns are equally high, from both capital appreciation and premium seasonal rental rates, which can reach tens of thousands of euros. It’s a strategic choice for investors looking to diversify with high-end assets that are less exposed to market volatility.
Istanbul is the economic heart of Turkey and a metropolis of about 16 million residents. It holds the country’s largest real estate market — in 2024 alone, approximately 239,000 homes were sold here. For investors, the city offers both long-established central districts with premium properties and rapidly developing new neighborhoods on the outskirts.
Central and European Side
Districts like Beşiktaş, Şişli, and Beyoğlu represent prestige, business activity, and cultural influence. Demand here is almost unaffected by economic cycles: supply is limited, and the status of these locations keeps prices high. Foreign buyers often choose these areas — whether it’s an apartment with a Bosphorus view, a home in Nişantaşı, or property along the Golden Horn. Average transaction values are high, frequently ranging from $200,000 to $500,000+ per apartment. Such assets can be rented to affluent expatriates or simply held as reliable long-term investments.
New builds in the center are scarce, typically limited to boutique developments or renovation projects — and they sell quickly. Prices grow steadily due to the exclusivity of the location: there is no new land to develop.
Emerging Districts
Significant construction is taking place beyond the historic core in areas that, 10–15 years ago, were largely undeveloped. Başakşehir in the northwest, Beylikdüzü and Esenyurt in the west, and Kartal and Pendik on the Asian side are now major residential zones.
Why buyers choose them:
Affordability: A new apartment in Beylikdüzü costs a fraction of what you would pay in the center.
Modern infrastructure: Wide boulevards, green spaces, shopping centers, and university campuses built to contemporary standards.
Transport links: Metro lines, the Metrobus system, and major highways ensure accessibility. Başakşehir, for example, has a direct metro connection to the city center and access to main expressways.
Government programs: TOKI housing projects, relocation of public institutions, and the new Istanbul Airport in Arnavutköy have spurred development and investor interest.
New-Build Trends
Construction in Istanbul ranges from high-rise towers in Maslak to low-rise “garden city” projects on the outskirts. The greatest appreciation potential lies in developments near future metro stations and in large-scale “city within a city” complexes with their own workplaces, schools, parks, and retail areas. Prices in such areas often rise even before completion, and after occupancy, these neighborhoods quickly become new hubs.
Investment Strategies
Istanbul properties offer multiple approaches:
Off-plan purchase for resale in 1.5–2 years, generating +20–30% appreciation by project completion.
Long-term rentals in mass-market areas ensuring reliable tenants and steady income.
Premium assets with Bosphorus views, where returns come from both capital growth and high-end rentals to wealthy clients.
Why invest in Istanbul
Istanbul is usually the first market to rebound when the economy recovers. The huge domestic demand base makes it less vulnerable to downturns. Currently, buyers are actively acquiring homes at “pre-rise” prices in anticipation of appreciation in 2025–2026. For foreigners, this presents a chance to enter the market ahead of the next inevitable growth cycle for such a metropolis.
Fethiye is a charming town on Turkey’s Aegean coast, known for its relaxed resort atmosphere. Unlike bustling Antalya, it has less mass tourism and more of a boutique, intimate feel.
Villas and Detached Homes
Fethiye and its regions — Ölüdeniz, Çalış, and Hisarönü — are villa territory. The British began settling here decades ago, and many still live year-round. The market is dominated by homes with pools and gardens, bungalows, and cottages. Apartments are available mainly in central Fethiye, but supply is limited.
English-Speaking Environment and Lifestyle
The town has a long-standing British community, complete with pubs, clubs, and Anglican churches. English is often the main language of everyday communication.
Seasonality and Rentals
The high season runs from May to October. In summer, villa rentals are in huge demand, especially from European holidaymakers. Prime properties with sea views or within walking distance of the beach command high rates. Overall, annual rental yields here are moderate, but peak-season income is substantial.
Value for Money and Quality of Life
Property in Fethiye is cheaper than in highly commercialized destinations like Bodrum or Çeşme, while offering the same high quality of life: clean seas, stunning nature, and good infrastructure. Dalaman Airport is only 50 km away. Many believe Fethiye is undervalued and will eventually attract more mainstream market attention, pushing prices higher.
Fethiye is ideal for buyers seeking not just investment returns but also a personal holiday home by the sea. For portfolio diversification, it’s an excellent choice: for example, an investor might hold rental apartments in Antalya and a resale-oriented unit in Istanbul, while owning a villa in Fethiye for personal use and long-term appreciation.
Let’s take a closer look at the financial aspect: the current price ranges for various property types and the returns they can generate.
Buying property in Turkey during the construction remains one of the most effective ways to achieve high returns. Developers typically launch sales well before active construction begins, offering significant discounts compared to completed units.
In 2025, amid strong demand, certain projects have shown impressive appreciation — 40–50% over 1.5–2 years.
Price Ranges
Prices at the excavation stage vary widely depending on location, property class, and project concept. In Mahmutlar, for example, you can still find a 1+1 apartment at early construction stages for around €50,000, while in Istanbul’s high-end developments, starting prices for a 1+1 often begin at €300,000.
Prospects
The outlook for this type of investment in the coming years is favorable. The best-performing assets are typically those with a unique location or concept — such as seafront residences, resort-style complexes with water parks, or projects in prime central districts.
New-builds from the 2020s form the backbone of Turkey’s housing supply. They are the choice for buyers who want to move in immediately while benefiting from all the advantages of modern construction.
On average, new properties cost 15–25% more than older secondary units of the same size in the same area. Buyers are willing to pay this premium because they know exactly what they’re getting.
Modern Layouts and Build Quality
Recent projects comply with current building codes, offering earthquake-resistant structures, quality sound and thermal insulation, spacious open-plan kitchens, walk-in closets, and two bathrooms in most 2+1 layouts.
Facilities and Amenities
The “residential complex with hotel-style service” concept has become the norm, even in the mid-price range in resort regions: pools, fitness centers, saunas, children’s playgrounds, and 24/7 security are standard. In major cities such as Istanbul, it’s increasingly common to find projects with underground parking, lobbies, and even ground-floor shopping galleries. These features not only add comfort for residents but also boost liquidity for resale and rental purposes.
Location Patterns
Completed new-builds are usually located in emerging regions with lower density and less traffic congestion. In central areas, new projects tend to be limited to small-scale luxury developments replacing older buildings.
Price Ranges
Prices vary greatly by city and segment. In smaller provincial centers, new apartments can be found for $800–1,000/m². In Istanbul, prime projects cost $3,000–5,000/m². In resort cities like Alanya, the average for new-builds is $1,500–2,000/m² — meaning a 2+1 unit of 100 m² would cost around $150,000–200,000. Naturally, premium sea-view units with luxury finishes cost substantially more.
Energy Efficiency and Cost Savings
Energy efficiency directly impacts operating expenses. In modern buildings, heating and cooling bills can be 30–40% lower than in older concrete-block apartments. Additionally, owners can expect minimal repair costs for the first 8–10 years, while older properties often require investment before moving in. Taking these factors into account, net rental yields for new-builds can be higher than gross figures suggest.
“Quality resale” refers to homes built 10–20 years ago that are in good condition or have been renovated, and are located in strong, established areas. This segment enjoys steady demand, particularly among local buyers, for several reasons:
Price Advantage: Resale units can be cheaper than comparable new-builds, allowing buyers to secure a better location without paying a premium for newness. For investors, this means more square meters for the same budget, which can directly improve rental returns.
Location: Many resale properties occupy prime spots — closer to the center or directly on the waterfront. For example, nearly all beachfront housing in Alanya was built in the 2000s; no new sites are available there. Even if the interior is outdated, sea views and beach proximity keep these units in constant demand.
Proven Performance: In resale properties, the performance of building systems is known, maintenance costs are transparent, and the homeowners’ association’s track record is established. This reduces the risk of hidden issues such as poor waterproofing or overloaded utilities that sometimes emerge in new-builds.
Rental Potential: In terms of rental income, resale properties can match or exceed new-builds — location and condition often outweigh the year of construction.
The difference in yields between new and older properties largely depends on purchase price. Rental rates are determined primarily by location and demand rather than age of the building, so older properties can show higher percentage returns simply because they were purchased more cheaply. However, renovation costs and potential vacancy periods must be factored in.
On average, new apartments (up to 5 years old) generate 5–6% gross annual yields in USD for long-term rentals:
Istanbul: ~7.3%
Antalya: ~5.7%
After deducting expenses, net yields are typically 1–2 percentage points lower.
Older apartments (15–20 years+) bought at favorable prices can yield 7–9% gross annually. For example, a 20-year-old apartment in a sought-after Istanbul neighborhood can produce around 8%. New-builds generally have higher capital appreciation potential, while older properties may be more limited in this regard.
For short-term tourist rentals, the equation changes. Here, the top performers are new apartments with standout features such as sea views, pools, and rich facilities. In Alanya, modern complexes with extensive amenities can bring 10–12% gross annual yields, whereas older units in the city center are usually rented long-term, yielding around 5–6%.
If the priority is steady income flow, large cities such as Istanbul are the safest choice: demand for long-term rentals is high year-round, and vacancy rates are minimal.
If the goal is maximum percentage return and you’re ready to manage the property more actively, resort areas with high tourist traffic offer better opportunities.
Many investors choose a mixed strategy by buying two properties in Turkey:
One apartment in Istanbul for stable long-term income
Another in Alanya or Antalya for high seasonal returns
Luxury Estate Turkey is a licensed real estate agency that provides full support to foreign investors at every stage — from property selection to after-sales management ensuring an expert approach and complete protection of your interests.
We help you define the right investment strategy — whether that’s a resort property or a metropolitan location, a new-build or a quality resale — based on your goals and budget. You’ll receive precise, up-to-date data: price and rental statistics, and growth potential forecasts for your preferred regions.
We approach selection thoroughly, choosing the best available options, arranging viewings (including online tours if you’re abroad), and giving you an honest, professional assessment of each property.
We oversee every stage of the deal: from notarized translation of documents to title deed registration in the land registry. Your dedicated manager can accompany you personally or act on your behalf under power of attorney at all required procedures, including payment of taxes and fees. You receive the complete set of ownership documents in hand, becoming the legal owner without unnecessary hassle.
For investors, we offer comprehensive management services: tenant search and vetting, lease agreement preparation, rent collection monitoring, and coordination of cleaning and minor repairs. This allows you to receive turnkey income without having to deal with operational issues.
Our goal is to save you time, money, and effort, so you can focus on building a profitable investment portfolio while enjoying all the advantages of owning property in Turkey.
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