Turkey Luxury Residential Real Estate Market Share, Size and Competitive Landscape Report 2030

Future of Turkey Luxury Residential Real Estate Market: Key Dynamics, Size & Share Analysis

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.

Top Challenges Impacting the Turkey Luxury Residential Real Estate Market Growth

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.

Understanding the Core Segments in the Turkey Luxury Residential Real Estate Market

Turkey Luxury Residential Real Estate Market Size, Share & Industry Trends Analysis- 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.

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Who Dominates the Turkey Luxury Residential Real Estate Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

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.

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