As per MarkNtel 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 Systems Market Insights:

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; Ni?anta??, Bebek, and Levent.

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Turkey Luxury Residential Real Estate Market Systems Market Segmentation:

By Type

By Furnishing

By Size (sq. ft.)

By Price

Turkey Luxury Residential Real Estate Market Recent Development:

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Turkey Luxury Residential Real Estate Market Drivers:

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 Çe?me 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.

Report Highlights Essential Insights for Strategic Decision-Making

Some of the leading players in the Turkey Luxury Residential Real Estate Market are:

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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