Topic: Real estate market in Turkey

Real estate market in Turkey - statistics & facts

While the cost of buying a property began to fall in many countries lately, Turkey recorded the highest increase in house prices worldwide in 2023. Despite the soaring property prices, high inflation, and economic instability, the Turkish real estate industry has registered positive growth each year since 2015.

Unit prices of the residential properties in Istanbul in Turkey
****k per sqm

Number of building permits issued for residential property construction in Turkey
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Number of houses sold in Ankara, Turkey
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Current statistics on this topic

Residential Real Estate

Number of housing sales in Turkey 2009-2023

Residential Real Estate

Residential real estate sales value in Turkey 2017-2031

Real Estate

Annual growth rate of the real estate industry in Turkey 2015-2023

Overview

Countries with the highest inflation-adjusted house price growth worldwide 2025
Countries with the highest inflation-adjusted house price growth worldwide 2025
Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country
Commercial real estate market size in MEA 2025, by country
Commercial real estate market size in MEA 2025, by country
Value of commercial real estate market in the Middle East and Africa (MEA) region as of December 2025, by country (in billion U.S. dollars)
Annual growth rate of the real estate industry in Turkey 2015-2023
Annual growth rate of the real estate industry in Turkey 2015-2023
Annual growth rate of the real estate industry in Turkey from 2015 to 2023
Regional house price index in Turkey 2025
Regional house price index in Turkey 2025
House price index (HPI) in Turkey in August 2025, by region (2023 = 100)
Number of occupancy permits issued for buildings in Turkey 2014-2023
Number of occupancy permits issued for buildings in Turkey 2014-2023
Number of occupancy permits issued for buildings in Turkey from 2014 to 2023 (in 1,000s)
Average monthly household expenditure on housing and rent in Turkey 2018-2023
Average monthly household expenditure on housing and rent in Turkey 2018-2023
Average household consumption expenditure on housing and rent in Turkey from 2018 to 2023 (in Turkish lira per month)
Market size of real estate funds in Turkey Q1 2022-Q1 2024
Market size of real estate funds in Turkey Q1 2022-Q1 2024
Market size of real estate investment funds in Turkey from 1st quarter of 2022 to 1st quarter of 2024 (in billion Turkish lira)
Number of real estate investment trusts in Turkey Q1 2022-Q1 2024
Number of real estate investment trusts in Turkey Q1 2022-Q1 2024
Number of real estate investment trusts in Turkey from 1st quarter of 2022 to 1st quarter of 2024
Leading building contractors based on revenue in Turkey 2023
Leading building contractors based on revenue in Turkey 2023
Leading general building contractors based on revenue in Turkey in 2023 (in million U.S. dollars)
Biggest construction companies in Turkey based on international revenue 2023
Biggest construction companies in Turkey based on international revenue 2023
Biggest construction firms based on international contracting revenue in Turkey in 2023 (in million U.S. dollars)

Residential real estate

Residential real estate sales value in Turkey 2017-2031
Residential real estate sales value in Turkey 2017-2031
Residential real estate sales value in Turkey from 2017 to 2031 (in billion U.S. dollars)
Unit prices of the residential properties in Turkey 2024, by region
Unit prices of the residential properties in Turkey 2024, by region
Unit prices of the residential properties in Turkey as of May 2024, by region (in Turkish lira per square meter)
Number of new housing projects completed in Turkey 2010-2022
Number of new housing projects completed in Turkey 2010-2022
Number of new housing projects completed in Turkey from 2010 to 2022 (in 1,000s)
Number of residential building permits issued in Turkey 2010-2024
Number of residential building permits issued in Turkey 2010-2024
Number of building permits issued for residential property construction in Turkey from 2010 to 2024 (In 1,000s)
Home construction permits issued in Turkey 2013-2023
Home construction permits issued in Turkey 2013-2023
Number of dwelling building construction permits issued in Turkey from 2013 to 2023
Number of accommodation building permits issued in Turkey 2013-2023
Number of accommodation building permits issued in Turkey 2013-2023
Number of accommodation building construction permits issued in Turkey from 2013 to 2023
Number of one dwelling buildings construction permits issued Turkey 2014-2023
Number of one dwelling buildings construction permits issued Turkey 2014-2023
Number of construction permits issued for one dwelling buildings in Turkey from 2014 to 2023 (in 1,000s)
Occupancy permits issued for one dwelling buildings in Turkey 2014-2023
Occupancy permits issued for one dwelling buildings in Turkey 2014-2023
Number of occupancy permits issued for one dwelling buildings in Turkey from 2014 to 2023 (in 1,000s)
Occupancy permits issued for two or more dwelling buildings in Turkey 2014-2023
Occupancy permits issued for two or more dwelling buildings in Turkey 2014-2023
Number of occupancy permits issued for two or more dwelling buildings in Turkey from 2014 to 2023 (in 1,000s)

House sales

Number of housing sales in Turkey 2009-2023
Number of housing sales in Turkey 2009-2023
Total number of dwelling sales in Turkey from 2009 to 2023 (in 1,000s)
Number of mortgage sales in Turkey 2009-2022
Number of mortgage sales in Turkey 2009-2022
Total number of dwelling mortgage sales in Turkey from 2009 to 2022 (in 1,000s)
Number of house sales in Turkey 2024
Number of house sales in Turkey 2024
Monthly number of dwelling sales in Turkey from January 2018 to October 2024 (in 1,000s)
Monthly number of houses sold in Turkey 2020-2024, by sales state
Monthly number of houses sold in Turkey 2020-2024, by sales state
Number of houses sold in Turkey from January 2020 to June 2024, by sales state
Monthly number of houses sold in Turkey 2020-2025, by sales type
Monthly number of houses sold in Turkey 2020-2025, by sales type
Number of houses sold in Turkey from January 2020 to February 2025, by sales type
Number of houses sold in Turkey 2023, by province
Number of houses sold in Turkey 2023, by province
Number of houses sold in Turkey in 2023, by province
Number of houses purchased by foreigners in Turkey 2013-2023
Number of houses purchased by foreigners in Turkey 2013-2023
Number of houses purchased by foreigners in Turkey from 2013 to 2023
Number of houses purchased by foreigners in Turkey 2023, by city
Number of houses purchased by foreigners in Turkey 2023, by city
Number of houses purchased by foreigners in Turkey in 2023, by city
Number of houses purchased by foreigners in Turkey 2023, by nationality
Number of houses purchased by foreigners in Turkey 2023, by nationality
Number of houses purchased by foreigners in Turkey in 2023, by nationality

Retail real estate

Number of retail building permits issued in Turkey 2013-2023
Number of retail building permits issued in Turkey 2013-2023
Number of wholesale and retail trade building construction permits issued in Turkey from 2013 to 2023
Occupancy permits issued for wholesale and retail trade buildings in Turkey 2014-2023
Occupancy permits issued for wholesale and retail trade buildings in Turkey 2014-2023
Number of occupancy permits issued for wholesale and retail trade buildings in Turkey from 2014 to 2023
Number of shopping malls Turkey 2007-2023
Number of shopping malls Turkey 2007-2023
Total number of shopping malls in Turkey from 2007 to 2023
Total rentable area in shopping centers in Turkey 2011-2023
Total rentable area in shopping centers in Turkey 2011-2023
Total rentable area in shopping centers in Turkey from 2011 to 2023 (in million square meters)
Prime retail rents in Turkey 2025, by major city
Prime retail rents in Turkey 2025, by major city
Annual prime retail rents of high street shops in Turkey in June 2025, by major city (in euros per square meter)
Prime retail yields in Turkey Q2 2025, by major city
Prime retail yields in Turkey Q2 2025, by major city
Prime retail yields of high street shops in Turkey in 2nd quarter 2025, by major city

Office real estate

Number of office building permits issued in Turkey 2013-2023
Number of office building permits issued in Turkey 2013-2023
Number of office building construction permits issued in Turkey from 2013 to 2023
Number of occupancy permits issued for office buildings in Turkey 2014-2023
Number of occupancy permits issued for office buildings in Turkey 2014-2023
Number of occupancy permits issued for office buildings in Turkey from 2014 to 2023
Office vacancy rates in Turkey Q1 2021-Q1 2024
Office vacancy rates in Turkey Q1 2021-Q1 2024
Vacancy rates of office spaces in Turkey from 1st quarter 2021 to 1st quarter 2024
Prime office rents in Turkey 2025, by city
Prime office rents in Turkey 2025, by city
Prime office rent in Turkey in June 2025, by major city (in euros per square meter per year)
Average rental rates of Class A offices in Istanbul H1 2025, by district
Average rental rates of Class A offices in Istanbul H1 2025, by district
Average monthly rental rates of Class A offices in Istanbul in 1st half 2025, by district (in Turkish lira per square meter)
Average rental rates of class A offices in İstanbul Q2 2014-Q2 2025
Average rental rates of class A offices in İstanbul Q2 2014-Q2 2025
Average monthly rental rates of Class A offices in İstanbul from 2nd quarter 2014 to 2nd quarter 2025 (in Turkish lira per square meter)
Prime office yields in Turkey Q2 2025, by major city
Prime office yields in Turkey Q2 2025, by major city
Prime office yields in Turkey in 2nd quarter 2025, by major city

Industrial real estate

Industrial buildings and warehouses construction permits issued Turkey 2014-2023
Industrial buildings and warehouses construction permits issued Turkey 2014-2023
Number of industrial buildings and warehouses construction permits issued in Turkey from 2014 to 2023
Occupancy permits issued for industrial buildings and warehouses in Turkey 2014-2023
Occupancy permits issued for industrial buildings and warehouses in Turkey 2014-2023
Number of occupancy permits issued for industrial buildings and warehouses in Turkey from 2014 to 2023
Prime industrial yields in Turkey Q1 2022-Q2 2025, by major city
Prime industrial yields in Turkey Q1 2022-Q2 2025, by major city
Prime industrial yields in Turkey from 1st quarter 2022 to 2nd quarter 2025, by major city
Prime industrial property rent Turkey Q3 2021-Q2 2025, by city
Prime industrial property rent Turkey Q3 2021-Q2 2025, by city
Cost of prime industrial real estate rent per year in Istanbul and Ankara in 3rd quarter 2021 and 2nd quarter 2025 (in euros per square meter)

Bank loans and mortgages

Value of housing loans funded in Turkey Q3 2020-Q3 2023
Value of housing loans funded in Turkey Q3 2020-Q3 2023
Value of housing loans funded in Turkey from 3rd quarter of 2020 to 3rd quarter of 2023 (in billion Turkish lira)
Number of housing loans in Turkey Q3 2020-Q3 2023
Number of housing loans in Turkey Q3 2020-Q3 2023
Number of housing loans granted in Turkey from 3rd quarter 2020 to 3rd quarter 2023 (in 1,000s)
Average interest rate for home loans in Turkey 2015-2024
Average interest rate for home loans in Turkey 2015-2024
Average interest rate for housing bank loans in Turkey from June 2015 to October 2024
Average value of mortgages granted in Turkey 2006-2023
Average value of mortgages granted in Turkey 2006-2023
Average value of mortgages granted in Turkey from 2006 to 2023 (in 1,000 euros)
Annual average interest rate on new mortgage loans in Turkey 2007-2024
Annual average interest rate on new mortgage loans in Turkey 2007-2024
Annual average interest rate on new residential loans in Turkey from 2007 to 2024
Total outstanding residential loans per capita in Turkey 2012-2023
Total outstanding residential loans per capita in Turkey 2012-2023
Total outstanding residential loans per capita in Turkey from 2012 to 2023 (in euros)
Total covered bonds outstanding in Turkey 2015-2024
Total covered bonds outstanding in Turkey 2015-2024
Total covered bonds outstanding (backed by mortgages) in Turkey from 2015 to 2024 (in million euros)

Unit prices of the residential properties in Istanbul in Turkey
****k per sqm

Number of building permits issued for residential property construction in Turkey
******k

Number of houses sold in Ankara, Turkey
******k

Key figures

The most important key figures provide you with a compact summary of the topic of "Real estate market in Turkey" and take you straight to the corresponding statistics.

- Number of wholesale and retail trade building construction permits issued in Turkey
- ****k
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Detailed statistics
Number of retail building permits issued in Turkey 2013-2023
- Annual prime retail rents of high street shops in Istanbul
- ******EUR per sqm
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Detailed statistics
Prime retail rents in Turkey 2025, by major city
- Prime retail yields of high street shops in Izmir
- *%
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Detailed statistics
Prime retail yields in Turkey Q2 2025, by major city

- Number of occupancy permits issued for office buildings in Turkey
- *****
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Detailed statistics
Number of occupancy permits issued for office buildings in Turkey 2014-2023
- Average monthly rental rate of Class A offices in İstanbul
- ******TRY per sqm
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Detailed statistics
Average rental rates of class A offices in İstanbul Q2 2014-Q2 2025
- Number of industrial buildings and warehouses construction permits issued in Turkey
- ***k
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Detailed statistics
Industrial buildings and warehouses construction permits issued Turkey 2014-2023

- Value of housing loans funded in Turkey
- *****bn TRY
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Detailed statistics
Value of housing loans funded in Turkey Q3 2020-Q3 2023
- Average interest rate for housing bank loans in Turkey
- *****%
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Detailed statistics
Average interest rate for home loans in Turkey 2015-2024
- Total outstanding residential loans per capita in Turkey
- ****EUR
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Detailed statistics
Total outstanding residential loans per capita in Turkey 2012-2023

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Real estate market in Turkey - statistics & facts

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