
Turkey Luxury Residential Real Estate Market Research Report: Forecast (2025-2030)
Turkey Luxury Residential Real Estate Market - By Type (Flats, Condominiums, Penthouses, Townhouses, Villas & Mansions, Others), By Furnishing (Fully Furnished, Semi-Furnished), By...Configuration (1-2 Bedrooms [BHK], 3-4 Bedrooms [BHK], 5-6 Bedrooms [BHK], 7 & Above Bedrooms [BHK]), By Size [sq. ft.] (Less than 5,000 sq. ft., 5,000 - 10,000 sq. ft., 10,000 – 15,000 sq. ft., 15,000 - 20,000 sq. ft., Above 20,000 sq. ft.), By Price (1–5 [USD Millions], 6-10 [USD Millions], 11-20 [USD Millions], 21-50 [USD Millions], 51- 100 [USD Millions], Above 100 [USD Millions]) and Others Read more
- Buildings, Construction, Metals & Mining
- Jan 2025
- 123
- PDF, Excel, PPT
Market Insights & Analysis: Turkey Luxury Residential Real Estate Market (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.
Report Coverage | Details |
---|---|
Historical Years | 2020-23 |
Base Years
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2024
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Forecast Years
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2025-30
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Market Value in 2024 | USD 61.19 Billion |
Market Value in 2030 | USD 87 Billion |
CAGR (2025-30) | 6.11% |
Top Key Players | 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, and others |
Key Report Highlights |
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Moreover, Turkeys' historic charm and rich cultural legacy make it even more appealing to wealthy buyers. Turkey’s governments are also taking several initiatives including urban renewal projects and infrastructure development to convert old buildings into luxury homes. The re-development projects incorporate advanced technologies combining modern and traditional design elements. Mixed-use luxury developments also cater to most of the holistic lifestyle experiences by combining all three retail, residential, and recreational areas in one structure. In 2023, the total number of health-conscious Ultra High Net Worth Individuals in Turkey rose to 1,900. Which spurred the circulation and demand for wellness-inspired projects, such as spas, gyms, and environmentally friendly architecture.
Digital tools such as virtual reality and augmented reality are changing the game for real estate marketers, allowing buyers from other countries to have a fantastic virtual tour on their minds. At the same time, people are moving toward eco-friendly and tech-savvy living solutions like smart home automation, and energy-saving features are well appreciated. Turkey is perfect for wealthy buyers searching for luxury homes, due to its excellent infrastructure, waterfront properties, and formidable cultural heritage appeal.

Turkey Luxury Residential Real Estate Market Driver:
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.
Turkey Luxury Residential Real Estate Market Opportunity:
Rising Interest in Coastal Properties in Bodrum, Antalya, and Izmir – Turkey Luxury Residential Real Estate Market has realized tremendous growth in recent years because of emerging interest in coastal properties in places including Bodrum, Antalya, and Izmir. Such coastal zones attract rich local and foreign buyers who seek high-end retreats for themselves which provide scenic views and settings with lavish amenities. For instance, in 2023 more than 30% of real estate transactions in Turkey involving high-worth properties occurred in Bodrum as it has immaculate beaches, elegant marinas, and vibrant social life.
Antalya has also witnessed a growing demand for coastal property and lavish villas tapping buyers from the Middle East, Germany, and Russia, as a preferred tourist destination. Likewise, Turkey's unique combination of incredibly modern infrastructure with a historic charm and proximity to the Aegean Sea continues to fascinate investors and second homeowners in Izmir. To add to the growing charm of Turkey's coastal luxury real estate market, developers are responding with exclusive projects combining eco-friendly features with modern designs.
Turkey Luxury Residential Real Estate Market Challenge:
Regulatory Complexities for Foreign Buyers in Real Estate Transactions – For international buyers, the regulatory complexities of real estate transactions present serious obstacles. Under Law No. 2565, Foreign nationals' options for high-value investments are limited because they are not allowed to own real estate in specific military and strategically designated zones. The law also restricts a real person from acquiring more than 30 hectares of the land. Furthermore, complicated legal procedures such as zoning compliance, valuation reports, and property registration frequently result in delays and higher expenses. For instance, requirements such as obtaining a tax identification number and translating and notarizing various documents might lengthen time intervals by weeks. Although attractive incentives are provided under the Citizenship by Investment (CBI) program, a very strict screening is necessary to prove his or her ability to fulfill the legal and financial conditions for an investor to qualify.
Turkey Luxury Residential Real Estate Market Trend:
Increasing Adoption of Sustainable Building Standards and Eco-friendly Designs – There is a growing trend in Turkey Luxury Residential Real Estate Market toward eco-friendly designs and green building standards. Rich buyers growing environmental consciousness has led developers to include water-saving technologies, energy-efficient systems, and sustainable materials in their projects. For instance, luxury developments in places like Antalya and Istanbul are increasingly using rainwater harvesting systems, solar panels, and green roofs.
The demand for sustainable luxury homes is evident from the 20% increase in LEED-certified projects between 2021 and 2023 according to Turkeys Green Building Council. Homes that meet international sustainability standards like; EDGE and BREEAM certifications are becoming more and more desirable to high-net-worth individuals (HNWIs). Furthermore, these characteristics lead to long-term cost savings in addition to improving the environmental appeal. This change reflects a larger trend in the market where luxury and environmental consciousness consumers, place equal importance on extravagance and environmental responsibility.
Turkey Luxury Residential Real Estate Market (2025-30): Segmentation Analysis
The Turkey Luxury Residential Real Estate Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the national level. Based on the analysis, the market has been further classified as:
Based on Type:
- Flats
- Condominiums
- Penthouses
- Townhouses
- Villas & Mansions
- Others (Vacation Homes, Farm Houses, etc.)
With an approximate 40% market share villas and mansions control the majority of Turkey Luxury Residential Real Estate Market. This market is very popular because of its exclusivity large floor plans and prime locations. High-net-worth individuals and foreign investors who are looking for luxurious homes with expansive views and private amenities tend to favor villas and mansions, particularly in the Bosphorus coastline of Istanbul, Bodrum, and Antalya. Spacious designs, private gardens, pools, and proximity to natural beauty or cultural landmarks are driving demand for these properties. The segment dominates the market due to its ability to attract buyers who are seeking comfort, exclusivity, and a high-end lifestyle.
Based on Size:
- Less than 5,000 sq. ft.
- 5,000 - 10,000 sq. ft.
- 10,000 – 15,000 sq. ft.
- 15,000 - 20,000 sq. ft.
- Above 20,000 sq. ft.
With roughly 45% market share the 5,000–10,000 square foot segment dominates Turkey Luxury Residential Real Estate Market. Rich buyers seeking roomy homes without the hassles of larger properties can find the perfect balance between luxury and functionality in this size range. These homes which include villas, townhouses, and luxury apartments are ideal for both families and high-net-worth individuals because they frequently have several bedrooms and private features like entertainment spaces, home offices, and swimming pools. The demand for properties in this range is high in Istanbul Bodrum and Antalya because of their adaptability and capacity to combine luxury and practicality. Because it offers enough room for a luxurious lifestyle while still having reasonable maintenance needs this market segment is especially appealing to foreign investors and expatriates ensuring its dominance.
Turkey Luxury Residential Real Estate Industry Recent Development:
- November 2024: ARTAS Avrupa Konutlari will unveil an upscale residential project in Sisli, Istanbul by June 2025, featuring architecturally timeless buildings, luxury amenities, and excellent transportation links, promising high property value appreciation and Turkish citizenship eligibility.
- November 2024: the DAP YENI LEVENT project has announced to offer of 950 apartments by March 2025, lush green spaces, and luxury amenities, ensuring comfort, excellent city connectivity, and Turkish citizenship eligibility.
Gain a Competitive Edge with Our Turkey Luxury Residential Real Estate Market Report
- The Turkey Luxury Residential Real Estate Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- The Turkey Luxury Residential Real Estate Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics with the help of surveys, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Research Methodology
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Turkey Luxury Residential Real Estate Market Trends & Development
- Turkey Luxury Residential Real Estate Market Industry Dynamics
- Drivers
- Challenges
- Turkey Luxury Residential Real Estate Market Hotspot & Opportunities
- Turkey Luxury Residential Real Estate Market Policies, Regulations, Product Standards
- Turkey Luxury Residential Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Market Share & Analysis
- By Type
- Flats- Market Size & Forecast 2020-2030, USD Million
- Condominiums - Market Size & Forecast 2020-2030, USD Million
- Penthouses- Market Size & Forecast 2020-2030, USD Million
- Townhouses- Market Size & Forecast 2020-2030, USD Million
- Villas & Mansions- Market Size & Forecast 2020-2030, USD Million
- Others (Vacation Homes, Farm Houses, etc.) - Market Size & Forecast 2020-2030, USD Million
- By Furnishing
- Fully Furnished- Market Size & Forecast 2020-2030, USD Million
- Semi-Furnished- Market Size & Forecast 2020-2030, USD Million
- By Configuration
- 1-2 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 3-4 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 5-6 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 7 & Above Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.)
- Less than 5,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 5,000 - 10,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 10,000 – 15,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 15,000 - 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- Above 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- By Price
- 1–5 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 6-10 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 11-20 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 21-50 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 51- 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- Above 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- By Company
- Competition Characteristics
- Company Share & Analysis
- By Type
- Market Size & Analysis
- Turkey Luxury Flats Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.) - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Turkey Luxury Condominiums Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.) - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Turkey Luxury Penthouses Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.) - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Turkey Luxury Townhouses Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.) - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Turkey Luxury Villas & Mansions Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.) - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Turkey Luxury Residential Real Estate Market Key Strategic Imperatives for Growth & Success
- Competitive Outlook
- Company Profiles
- Sotheby's International Realty Turkey
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Luxury Property Turkey
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Barnes Türkiye
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Avrupa Konutlari
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Ağaoğlu Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Yeni Levent
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Özyurtlar Holding
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Eroğlu Real Estate
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Emlak Konut
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- ISTHOMES Real Estate
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Sotheby's International Realty Turkey
- Company Profiles
- Disclaimer
