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According to data from the analytical platforms Emlakjet and Endeksa, the average price per square meter of housing in the country has reached 40,000 liras, which is equivalent to approximately $860. On a year-over-year basis, nominal real estate prices rose by 23.8%.
However, when inflation is taken into account, the picture looks different. The real value of housing has fallen by 6.5% over the past 12 months, indicating an ongoing market correction following the rapid growth of 2021–2023.
Despite price increases in the national currency, real estate is appreciating more slowly than goods and services in general, which reduces the investment appeal of housing as a means of preserving capital.
The average payback period for residential real estate in Turkey is currently 13 years, though figures vary significantly by region. The longest payback period is recorded in the province of Muğla on the Aegean coast—approximately 19 years.
Among the country’s largest markets, the highest prices are found in Istanbul and resort regions. According to the study, the average price per square meter in Istanbul is about $1,374, and the average price per property reaches $151,000. In Antalya, housing is valued at an average of $1,186 per square meter and $130,000 per property; in Izmir, the figures are $1,128 and $137,000, respectively. Muğla remains the most expensive region, where a square meter costs about $1,805, and the average price per property reaches $233,000.
Experts note that the market is gradually returning to a more balanced pace of growth following a period of sharp price increases. Under these conditions, investors are focusing not on nationwide price trends but on specific indicators for individual cities and regions, including property liquidity and rental yields.
