Turkey Luxury Residential Real Estate Market Overview: 2025-30

Base Year: 2024

Historical Years: 2020-23

Forecast Years: 2025-30

The Turkey Luxury Residential Real Estate Market size was valued at around USD 61.19 billion in 2024 and is projected to reach USD 87 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.11% during the forecast period, i.e., 2025-30. Turkey Luxury Residential Real Estate Market is expanding significantly due to improved infrastructure development and its advantageous location as a bridge connecting Europe and Asia. The demand for luxury real estate is rising due to improvements to the road and rail systems and projects like Istanbul Airport which make popular destinations like Antalya, Bodrum, and Istanbul more accessible. With this enhanced accessibility, high-end vacation homes along the Mediterranean and Aegean coasts are also in high demand due to the growth of tourism as scenic waterfront homes with expansive views are highly preferred. Over 49.21 million tourists visited Turkey in the year 2023, which potentially attracted affluent visitors to buy properties for vacation or as second homes. As a result, there is a lot of interest in Istanbul’s desirable regions such as; Nişantaşı, Bebek, and Levent.

Markntel Advisor’s Turkey Luxury Residential Real Estate Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Turkey Luxury Residential Real Estate Market drivers, barriers, Turkey Luxury Residential Real Estate Market Trends, and Key Players in Turkey Luxury Residential Real Estate Market.

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Turkey Luxury Residential Real Estate Market Dynamics: 2025-30

Rising Demand for Second Homes by Affluent Buyers – The luxury residential real estate sector in the country is fueled to a larger extent by the growing popularity of the country as a second home destination for wealthy clients. Its rich culture and cost-effective real estate along with its favorable climate are perfect for people who are looking for vacation villas in scenic places like; Bodrum, Antalya, and Çeşme mainly from Europeans, Middle Easterners, and Asians. Turkey's government also supports the enactment of citizenships, whereby one becomes a Turkish citizen, by investing USD 400,000 or more in such properties as foreign buyers having a strong preference for their second houses in this area. In addition, there are greater numbers of millionaires and billionaires in the country where the count of UHNWIs, jumped by 9.7% in 2023. This boosts demand for eco-friendly, health-oriented living spaces with private gardens, pools, and spas that align with what a wealthy house buyer prefers in his second home. Moreover, the flexibility in working remotely has enabled them to live away from city centers and thus purchase second homes in quiet locations.

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Turkey Luxury Residential Real Estate Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Type

o   Flats- Market Size & Forecast 2020-2030, USD Million

o   Condominiums - Market Size & Forecast 2020-2030, USD Million

o   Penthouses- Market Size & Forecast 2020-2030, USD Million

o   Townhouses- Market Size & Forecast 2020-2030, USD Million

o   Villas & Mansions- Market Size & Forecast 2020-2030, USD Million

o   Others (Vacation Homes, Farm Houses, etc.) - Market Size & Forecast 2020-2030, USD Million

·       By Furnishing

o   Fully Furnished- Market Size & Forecast 2020-2030, USD Million

o   Semi-Furnished- Market Size & Forecast 2020-2030, USD Million

·       By Configuration

o   1-2 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million

o   3-4 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million

o   5-6 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million

o   7 & Above Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million

·       By Size (sq. ft.)

o   Less than 5,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million

o   5,000 - 10,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million

o   10,000 – 15,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million

o   15,000 - 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million

o   Above 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million

·       By Price

o   1–5 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

o   6-10 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

o   11-20 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

o   21-50 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

o   51- 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

o   Above 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Turkey Luxury Residential Real Estate Market:

• Sotheby's International Realty Turkey
• Luxury Property Turkey
• Barnes Türkiye
• Avrupa Konutlari
• Ağaoğlu Group
• Yeni Levent
• Özyurtlar Holding
• Eroğlu Real Estate
• Emlak Konut
• ISTHOMES Real Estate
• Others

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