Turkey's Real Estate Sales Break Records with 164,306 Units in October 2025

Turkey's Real Estate Market Achieves Record-Breaking Sales in October 2025

Turkey's real estate market has seen an unprecedented surge in sales, setting a new record with 164,306 units sold in October 2025. This represents a 9.1% increase from the previous month and marks the highest monthly performance recorded this year. As a result, the total number of property sales from January to October 2025 reached a staggering 1.29 million units. This robust growth is attributed to factors such as high rental yields, safety concerns, and a favorable drop in mortgage rates. Several real estate agencies have reported increased buyer interest, particularly in the major cities of Istanbul, Ankara, and Izmir, where infrastructure developments and government incentives continue to attract both local and foreign investors.

Turkey's real estate market has seen an unprecedented surge in sales, setting a new record with 164,306 units sold in October 2025.

High Demand in Istanbul as Prices Continue to Rise

In Istanbul, Turkey's largest city and economic hub, apartment prices have experienced a notable 29.6% increase in January 2025 compared to the same period last year. Despite high inflation, real prices (adjusted for inflation) have decreased by 8.8%. According to Skyline Holdings, prices in Istanbul are expected to continue their upward trajectory, with projections of a 5% to 10% increase by the end of 2025. The price per square meter in the city stood at approximately ₺55,500 (USD 1,520) in 2024, cementing its position as the most expensive real estate market in Turkey. These dynamics have driven both domestic and international investors to seek opportunities in Istanbul's vibrant property market.

Mortgage Transactions Surge Despite Economic Uncertainty

One of the key drivers of the current sales boom is the significant increase in mortgage-backed transactions. From January to April 2025, these deals nearly doubled to 69,194, reflecting a 99.4% year-on-year growth. While sales to foreign nationals have seen a decline, down by 13.5% in the first four months of 2025, local buyers continue to dominate the market. The current economic environment, characterized by persistent inflation at around 39%, and a slight economic slowdown forecast for 2025, does present challenges. However, government initiatives aimed at stabilizing the market and attractive mortgage offers are

From January to April 2025, these deals nearly doubled to 69,194, reflecting a 99.4% year-on-year growth.

bolstering buyer confidence. International Investment highlights these trends, underscoring the importance of domestic demand in sustaining market momentum.

Regional Highlights: Antalya and Izmir See Steady Growth

Beyond Istanbul, other key regions such as Antalya and Izmir have also experienced robust growth. According to Imtilak Real Estate, demand for residential properties in these areas is projected to rise by 10–15% within the year. Coastal and tourist-oriented properties, particularly in Antalya, are expected to see a price increase of up to 20% as buyers seek both vacation homes and investment opportunities. The commercial real estate sector in these regions is also witnessing steady growth, with an anticipated increase of 8% in 2025. These regions benefit from ongoing infrastructure projects and government policies designed to enhance their appeal to investors.

Impacts on Foreign Investment and Market Dynamics

Despite the overall positive market trajectory, foreign investment in Turkey's real estate has faced challenges. Sales to foreigners dropped, totaling 6,018 units in the first four months of 2025. Regulatory changes, including the introduction of a luxury tax, aim to attract more foreign investors in the long term. However, economic uncertainty and currency fluctuations remain deterrents. According to Number One Property, the market is expected to rebound with increased residential property demand. Istanbul and Ankara continue to attract foreign interest due to their strategic locations and economic opportunities.

Future Outlook: Sustained Growth with Caution Ahead

Looking ahead, Turkey's real estate market is poised for continued growth, albeit with caution. The residential property demand is expected to rise by 10-15% in 2025, with annual market growth projected between 12-18% through 2030. The projected value of the property market by the end of 2024 is approximately $15.41 trillion, as reported by Realting.com. Investors are advised to stay informed on policy changes and economic developments that could impact their investment strategies. RealEstateAbroad.com analysis suggests diversification of portfolios and stress-testing yields against potential economic shifts as prudent measures for investors navigating this dynamic market.