Türkiye is one of the most promising real estate markets in Europe, and the mantra “location, location, location” rings especially true for this country. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to 85 million people, Türkiye offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output.
-
FDI inflows in Türkiye increased to USD 11.3 billion, while real estate FDI was USD 2.8 billion, 25 percent of total FDI in 2024.
-
Urban renewal and mega projects dominate the agenda for the foreseeable future, particularly in Istanbul. Some of the mega projects completed in the recent years in the city include Marmaray, Yavuz Sultan Selim Bridge, Eurasia Tunnel, and Istanbul Airport.
-
The total number of homes sold in the Turkish property market was 1.5 million units in 2024. Between 2022-2024, a total of 126,276 houses were sold to foreigners in Türkiye. In 2024 a total of 23,781 houses were sold to foreigners. Istanbul ranked first in the list of provinces with the highest number of house sales to foreigners, accounting for 38% of the sales, followed by Antalya with 37% in second place and Mersin with 9% in third place.
-
By 2024 year-end, the existing Grade A office stock in Istanbul surpassed 6.7 million square meters. There is more than 700 thousand square meters of office supply under construction including the Istanbul Finance Center (IFC), and it is expected that the total grade A office supply will reach almost 7.4 million square meters gross leasable area by 2026 year-end.
-
461 shopping centers are operational in Türkiye with a total gross leasable area of 14.3 million square meters. 136 shopping centers in Istanbul with a total gross leasable area of 5.3 million square meters represent 37 percent of the total leasable shopping center area in Türkiye.
-
Total logistics real estate supply in the Marmara Region, including Istanbul and Kocaeli, is 11.3 million square meters as of 2024 year-end. During 2024, 211,600 square meters of logistics leasing transactions were completed.
