Investing in Turkish Real Estate: A 2025 Guide for Americans
Turkey's vibrant real estate market has reached an impressive $110.1 billion USD in 2025, establishing itself as one of the most attractive investment destinations in the region. With foreign investors pouring in $13 billion in 2023 alone, the market shows robust international appeal.
Whether you're seeking an investment opportunity with strong returns, a vacation home in a Mediterranean paradise, or a retirement destination that combines affordability with quality of life, Turkish real estate offers compelling advantages for American buyers.
Turkish Real Estate Market: Key Trends 2025
The Turkish real estate market has demonstrated remarkable resilience, with property prices surging 31.95% year-over-year as of January 2025. This growth significantly outpaces inflation and offers substantial appreciation potential for foreign investors.
Domestic home sales have shown strong momentum, increasing by 20.6% in 2024 with approximately 1.48 million units sold. However, foreign purchases declined by 32% during the same period, with 23,781 units sold to international buyers. This temporary dip represents a potential buying opportunity for Americans looking to enter the market. With a projected compound annual growth rate of 11.16% through 2030.
Popular Areas for Foreign Buyers
Istanbul
Turkey’s economic and cultural hub offers strong rental demand and reliable resale potential. As the country’s largest city, Istanbul provides diverse property options—from historic buildings to ultra-modern developments. Average prices range from approximately $186 to $325 per square foot.
Antalya
This Mediterranean resort city attracts vacation home buyers with its beautiful beaches, year-round pleasant climate, and expat-friendly atmosphere. Popular with tourists, properties here offer excellent short-term rental potential. Average prices range from approximately $112 to $186 per square foot.
Izmir
Turkey’s third-largest city combines coastal living with urban convenience. With a growing population and developing infrastructure, Izmir offers rising property values and an authentic Turkish experience. Average prices range from approximately $93 to $167 per square foot.
Comparing Prices: Turkey vs Nashville
Turkey
As of January 2025, property prices in Turkey’s major cities range from approximately $93 to $232 per square foot, with high-end properties in Istanbul reaching $232 to $465 per square foot. Coastal areas like Antalya typically offer lower entry points for comparable quality homes.
Nashville
By comparison, Nashville’s average residential property price has reached approximately $316 per square foot in 2025, while the U.S. national average exceeds $232 per square foot. Major coastal cities often command prices that are significantly higher.
Visa, Residency, and Citizenship for Investors
Turkey offers a clear pathway to residency and potential citizenship through real estate investment. Buyers can qualify for renewable residency permits by purchasing property valued at least $75,000 in smaller cities or $200,000 in major metropolitan areas. These permits are typically issued for one or two years and can be renewed as long as the property is retained. Residency also allows access to basic public services and a foundation for long-term settlement.
For Turkish citizenship, a minimum investment of $400,000 in real estate is required, with the property held for at least three years. The application process generally takes 6 to 12 months and includes background checks and documentation review. Successful applicants receive full citizenship rights, including the ability to live, work, and study in Turkey. A Turkish passport provides visa-free or visa-on-arrival access to over 110 countries, making it a valuable asset for global mobility.
Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
Steve Luther
Chief Troublemaker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
Ashley Luther
COO/Managing Broker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
713 18th Ave S, Nashville, TN 37203