Recently released data shows that during the period of June 2023 and June 2025, Turkey received $25 billion USD in foreign direct investment (FDI) – bringing the total number of foreign-operating companies within the country to 90,000.
Foreigners investing in Turkish real estate
The Turkish real estate market received major foreign investment during this period. Data suggests that annual amounts of foreigners purchasing in Turkey ranges from $3 billion USD and $5 billion USD.
In Turkey, 1.5 million housing units are sold annually, with foreigners currently making up around 30,000 of those purchases per year. In recent years, investors have been concerned about the trajectory of housing prices.
Data analysts predict that Turkish house prices, in U.S. Dollar terms, are currently stabilising. Experts are noticing an upward trend in property prices following the easing of interest rates in Turkey.
GRAPH 1. TURKEY’S REAL ESTATE PRICES (US DOLLAR)
Nationwide property prices in Turkey from 2025 – 2028 are on an upward trend. Data shows that in June 2025, the average price per square metre of residential properties across Turkey stood at $825 USD. This is projected to rise above $1,000 USD per square metre by the end of 2028. Major investment cities, Istanbul, Antalya, and Izmir are expected to surpass the national average (Graph 1).
Istanbul dominates Turkey’s property market
Istanbul, the largest city in Turkey, leads its real estate market – accounting for the highest number of total home sales across the country. According to data, the current average price per square metre in Istanbul reaches $1,256 USD. The average price per square metre is projected to surpass $1,500 USD by 2028.
As prices stabilise due to declining inflation, Istanbul’s real estate market continues to offer opportunities and high return potential, remaining a strong preference for investors from foreign countries. Areas undergoing urban regeneration and affordable city centre districts are projected to offer even high returns (Graph 2).
GRAPH 2. ISTANBUL REAL ESTATE PRICES (US DOLLAR)
As Turkey’s housing market continues to break sales volume and transactions records, new buying opportunities for foreigners are emerging. The next few years will see a continued upward trend and those who invest early will profit most.
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