Turkey's real estate market closed 2025 with a landmark result — and the numbers are now official.
 

TURKSTAT (the Turkish Statistical Institute) has published full-year 2025 residential property sales data confirming 1,688,910 transactions nationwide — a 14.3% increase over 2024 and the strongest annual performance Turkey's property market has recorded in several years. The data confirms what market watchers had been signalling since mid-2025: Turkey's housing market has exited its 2023 correction phase and entered full recovery.
 

How 1,688,910 Sales Breaks Down by City

Istanbul led all provinces with 280,262 properties sold in 2025, maintaining its dominant position as Turkey's largest single real estate market and accounting for approximately 17% of all national transactions. Year-on-year growth in Istanbul reached 24.56%, outperforming the national average.
 

Ankara followed with 152,534 sales, recording the fastest annual price growth of any major city at 45.9%. Izmir recorded 96,998 transactions. Together with Antalya, these four major metros accounted for over 37% of all national sales — with combined year-on-year growth of 26.31%.
 

December 2025 alone saw 254,777 properties change hands — a 19.8% increase versus December 2024 — confirming that momentum was accelerating into year-end rather than tapering.
 

The Mortgage Recovery: The Stat That Matters Most

Within the full-year 2025 data, the mortgage market tells the most important story for 2026.

Mortgage-financed property sales grew 49.3% over the full year compared to 2024, totalling 236,668 transactions. While cash purchases still dominate at approximately 86% of all deals, the near-doubling of mortgage activity signals that Turkish buyers are beginning to anticipate lower borrowing costs ahead and moving early.
 

Historically in Turkey, when mortgage volumes begin climbing from a suppressed base, it reliably signals that the domestic demand cycle is about to inflict meaningful upward pressure on prices. Investors watching this indicator are paying close attention.
 

Foreign Buyer Activity: The Recovery Has Started

Foreign buyer sales in 2025 remained at historically low market share — approximately 1.4–1.6% of total transactions. But the directional shift was clear. June 2025 recorded an 8.7% year-on-year increase in foreign purchases — the first positive monthly reading in over 12 months — with 1,565 transactions.
 

Full-year 2025 top foreign buyers: Russian nationals (3,649 homes), Iranian citizens (1,878), and Ukrainians (1,541). Istanbul attracted approximately 38% of all foreign purchases nationally, followed by Antalya at 34.6%.

The combination of historically low foreign share and a recovering overall market creates a specific dynamic: Turkey's property market is moving, but foreign participation has not yet caught up. That gap between a recovering market and a foreign buyer base still near its floor is, historically, where the best returns are made.
 

What the 2025 Data Signals for 2026

With interest rates on a confirmed downward path, mortgage affordability improving, and overall transaction momentum building strongly, the consensus forecast for 2026 projects 1.7–1.9 million total transactions — with foreign buyer share recovering toward 2–3% as macro conditions improve and rate cuts take hold.
 

Turkey's property market has consistently rewarded investors who understood its cycles. The 2025 TURKSTAT data makes the current cycle clear: the recovery has begun, and it is gathering pace.
 

For in-depth analysis of Turkey's property market, download our Turkey Real Estate Market Report 2026 from the Reports section.
For investment enquiries, contact Regal Realty.

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