Turkey Luxury Residential Real Estate Market Comprehensive Analysis and Forecast 2025 to 2030
Turkey Luxury Residential Real Estate Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-2030
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. The Turkey Luxury Residential Real Estate Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Turkey Luxury Residential Real Estate Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Turkey Luxury Residential Real Estate Market drivers, barriers, Turkey Luxury Residential Real Estate Market Trends, and Key Players in Turkey Luxury Residential Real Estate Market.
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Turkey Luxury Residential Real Estate Market Dynamics: 2025-2030
Turkey Luxury Residential Real Estate Market Driver:
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 Çeşme 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.
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Turkey Luxury Residential Real Estate Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Flats- Market Size & Forecast 2020-2030, USD Million
-Condominiums - Market Size & Forecast 2020-2030, USD Million
-Penthouses- Market Size & Forecast 2020-2030, USD Million
-Townhouses- Market Size & Forecast 2020-2030, USD Million
-Villas & Mansions- Market Size & Forecast 2020-2030, USD Million
-Others (Vacation Homes, Farm Houses, etc.) - Market Size & Forecast 2020-2030, USD Million
By Furnishing
-Fully Furnished- Market Size & Forecast 2020-2030, USD Million
-Semi-Furnished- Market Size & Forecast 2020-2030, USD Million
By Configuration
-1-2 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
-3-4 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
-5-6 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
-7 & Above Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
By Size (sq. ft.)
-Less than 5,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
-5,000 - 10,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
-10,000 – 15,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
-15,000 - 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
-Above 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
By Price
-1–5 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
-6-10 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
-11-20 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
-21-50 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
-51- 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
-Above 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million.
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Top Companies Operating in the Turkey Luxury Residential Real Estate Market:
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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