Press Release

With an Estimated CAGR of 6.11%, Turkey Luxury Residential Real Estate Market to Reach USD 87 Billion by 2030

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, cites MarkNtel Advisors in the recent research report. The rising demand for second homes from affluent buyers is a major factor driving the luxury residential real estate market in Turkey. Wealthy European, Middle Eastern, and Asian buyers interested in vacation homes in scenic locations like; Bodrum, Antalya, and Cesme are drawn to the country's rich culture, pleasant climate, and reasonably priced properties. Moreover, due to Turkey's strategic location as a bridge connecting Europe and Asia and better infrastructure development, the country's luxury residential real estate market is growing significantly. In addition, improvements to the road and rail networks as well as projects like Istanbul Airport that increase accessibility to well-known locations like Antalya, Bodrum, and Istanbul are driving up demand for luxury real estate.

The regulatory complexity of real estate transactions poses significant challenges for foreign buyers in Turkey's luxury residential market. The law prohibits a real person from purchasing more than 30 hectares of land restricting foreign nationals from high-value investments. To make matters worse complex legal processes like property registration, valuation reports, and zoning compliance often lead to costly delays. To handle the challenge government is launching several programs to attract foreign investors by promoting second homes for themselves. Furthermore, Turkey's rich cultural heritage and historic charm make it even more alluring to affluent buyers. To transform old buildings into luxury residences the Turkish government is also implementing several initiatives such as infrastructure development and urban renewal projects. Advanced technologies are incorporated into the redevelopment projects which combine traditional and modern design elements.

Additionally, because they offer buyers comprehensive lifestyle experiences, mixed-use luxury developments that blend retail residential and recreational spaces are growing in popularity. The Ultra High Net Worth Individuals in Turkey are usually focused on being health-conscious which increased demand for wellness-focused projects like spas, gyms, and eco-friendly architecture. At the same time, people are attracted to tech-savvy and environmentally friendly living solutions such as smart home automation and they value features that save energy. Turkey's outstanding infrastructure waterfront real estate and strong cultural heritage appeal make it the ideal destination for affluent buyers looking for luxury homes, further states the research report, “Turkey Luxury Residential Real Estate Market Analysis, 2025”.

Turkey Luxury Residential Real Estate Market Segmentation Analysis

Villas & Mansions are the Most Preferred Type Among End-Users

Based on the type, the market is further bifurcated into Flats, Condominiums, Penthouses, Townhouses, Villas & Mansions, and Others. The majority of Turkey Luxury Residential Real Estate Market is controlled by villas and mansions which hold a market share of about 40%. This market's exclusivity spacious floor plans and desirable locations make it extremely popular. In particular villas and mansions along the Bosphorus coastline of Istanbul, Bodrum, and Antalya are popular among high-net-worth individuals and foreign investors seeking opulent residences with expansive views and private amenities. The demand for these properties is being driven by large designs of private gardens, pools, and areas of natural beauty. The market is dominated by this segment because it can draw customers looking for luxury exclusivity and a comfortable lifestyle.

5,000 - 10,000 sq. ft Size Segment Holds the Largest Market Share

Approximately 45% of the Turkish Luxury Residential Real Estate Market is dominated by the 5,000–10,000 square foot segment. This size range offers the ideal balance between luxury and functionality for wealthy buyers looking for spacious homes without the inconveniences of larger properties. These residences which include townhomes, villas, and luxury apartments are perfect for high-net-worth individuals (HNWIs) and families alike because they often have multiple bedrooms and private amenities like home offices, entertainment areas, and swimming pools. Properties in this range are in high demand in Istanbul, Bodrum, and Antalya due to their versatility and ability to blend luxury and functionality. This market segment is particularly appealing to foreign investors and expatriates guaranteeing its dominance because it provides ample space for a luxurious lifestyle while still having reasonable maintenance requirements.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Sotheby's International Realty Turkey, Luxury Property Turkey, Barnes Turkiye, Avrupa Konutlari, Agaoglu Group, Yeni Levent, Ozyurtlar Holding, Eroglu Real Estate, Emlak Konut, ISTHOMES Real Estate, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?