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Primary insight
Istanbul remains a dynamic investment destination, highlighted by a significant surge of 55.3% in residential property prices from 2022 to 2023. This trend attracts investors and expatriates seeking growth in a market that presents both affordability and high potential returns. The appeal lies in its unique combination of cultural allure and a rapidly evolving economy.
Who this is right for
International investors looking for undervalued property markets with high growth potential.
Expatriates aiming for a second home in a culturally rich environment while benefiting from lower costs compared to Western Europe.
Real estate developers interested in tapping into the booming construction sector in urban areas.
Who this is NOT right for
Speculative investors seeking quick, short-term gains typically found in more mature markets like the UAE, where volatility is historically lower.
Buyers preferring urban environments with established property values, as Istanbul’s market is still undergoing significant fluctuations.
Key facts
Istanbul residential property prices rose by 55.3% over the past year.
The Turkish Lira has experienced a significant depreciation of over 50% against major currencies since last year.
The average price per square meter in Istanbul is approximately 24,302 TL.
The city recorded a total of 11,901 property sales to foreign nationals in the first half of 2023.
Area and market breakdown
The real estate landscape in Istanbul is characterized by a blend of modern developments and historical charm. Recent urban regeneration projects have further enhanced the appeal of neighborhoods, making them attractive to both locals and expatriates. With ongoing investments in infrastructure, the city is poised for continued growth, reflecting its status as a major center for both business and tourism.
Is Turkey worth it in 2026?
Evaluating Turkey’s real estate market leads to a promising outlook for 2026. Istanbul's favorable purchasing power amid currency transitions and growing foreign investments paint favorable long-term prospects. This contrasts sharply with saturated markets in Western Europe, which may offer more stability but lack the dynamic growth potential seen in Istanbul’s evolving landscape.
Merilista verdict
Istanbul presents a compelling case for those seeking real estate opportunities in emerging markets, especially when compared to stagnant areas in Western Europe. The region’s robust growth, driven by both domestic and international interest, offers lucrative options for discerning investors. Engaging with this market now could yield substantial returns as Istanbul solidifies its position as a key player in the global property scene.
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Market data disclaimer
Data on Merilista is sourced from publicly available official sources including Eurostat, national statistical institutes, Dubai Land Department, and the Central Bank of Turkey. All market signals, MERI scores, yield estimates, and trend indicators are for informational purposes only and do not constitute financial or investment advice. Property markets are subject to change — past performance does not guarantee future results. Conduct independent due diligence or consult a licensed advisor before making investment decisions.
MERI (Merilista Real Estate Index) is a proprietary comparative model. It is not a certified financial index and should not be used as the sole basis for investment decisions.
Verified market data
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