According to the Turkish Statistical Institute, Türkiye’s real estate market surged impressively in May 2025, with 130,025 properties changing hands across the country— a robust 17.6% increase from the same month last year.
Istanbul, Türkiye’s financial and cultural hub, topped the list with 22,103 home sales, followed by Ankara and Izmir.
While the overall market thrives, foreign buyers showed mixed signals. 1,771 homes were sold to foreigners in May, marking a 14.2% decline compared to last year. Yet, the demand remains concentrated in key areas—Istanbul, Antalya, and Mersin.
Buyers from the Russian Federation led the pack, purchasing 274 homes, followed by Iranian buyers with 133 purchases and Germans with 127. These figures reflect ongoing international interest, especially from neighboring and European countries.
The highest number of property sales to foreigners in May were recorded in Istanbul with 648 units, followed by Antalya with 594 and Mersin with 145. From January to May, sales to foreign buyers decreased by 13.7% compared to the same period last year, totaling 7,789 units.
Despite a slight dip in foreign purchases overall, Türkiye continues to be a magnet for buyers seeking both holiday homes and investment opportunities in a market that balances value and growth.
Türkiye offers a unique combination: a growing economy, rising urban development, and affordable coastal cities popular among foreigners. Istanbul’s diverse neighborhoods and Antalya’s resort lifestyle remain top draws, while the availability of government-backed financing boosts buying power.
As Türkiye’s housing market expands steadily, industry experts suggest that foreign buyers keep a close watch. The market dynamics indicate that while overall foreign sales may have softened, pockets of opportunity—especially in major cities and resort towns—remain ripe for investment.
