Türkiye is one of the most promising real estate markets in Europe. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to 83 million people, Türkiye offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output.

Foreign direct investment “FDI” inflows in Türkiye stood at USD 7.8 billion, while real estate was USD 4.4 billion, 57 percent of total FDI in 2020.

8.3 million Total home sales in Turkey between 2015 and 2020.
189,000 Total home sales to foreigners in Türkiye between 2015 and 2020.
5.6 million sqm Grade A office supply in Istanbul in 2020.
13.6 million sqm Active gross leasable area in shopping centers throughout Türkiye in 2020.
10.2 million sqm Total logistics real estate stock in Istanbul and Kocaeli in 2020.
318,000 sqm Logistics leasing transactions completed during 2020, almost triple the figure from 2019 year-end.

Urban renewal and mega projects dominate the agenda for the foreseeable future, particularly in Istanbul. Some projects in the city include Marmaray, Yavuz Sultan Selim Bridge on the Bosphorus, Istanbul Airport, and Eurasia Tunnel that connects the Asian and European continents.

The Urban Renewal and Development initiative will encompass 7.5 million housing units. The initiative has a budget of USD 400 billion, with a large contribution coming from the private sector.
The total number of homes sold in the Turkish property market reached 1.5 million units in 2020; likewise, sales of real estate to foreigners began to increase following the abolishment of the reciprocity law in 2012. In 2020, 40,812 homes were sold to foreigners in Türkiye. Regarding home sales to foreigners, Istanbul was the top-performing province with 19,175 sales in 2020, followed by Antalya with 7,735 sales, Ankara with 2,746 sales, and Bursa with 1,340 sales.
By the 2020 year-end, the existing Grade A office stock in Istanbul surpassed 5.6 million square meters. There are more than 1.7 million square meters of office supply under construction including the Istanbul International Finance Center (IIFC), and it is expected that the total grade A office supply will reach almost 7.4 million square meters of the gross leasable area by the end of 2022.
447 shopping centers are operational in Türkiye with a total gross leasable area of 13.6 million square meters. 133 shopping centers in Istanbul with a total gross leasable area of 5.1 million square meters represent 37 percent of the total leasable shopping center area in Türkiye.
​Total logistics real estate supply in Istanbul and Kocaeli in 2020 was 10.2 million square meters. During 2020, 318,000 square meters of logistics leasing transactions were completed, almost triple the figure from the 2019 year-end.

Thus, Türkiye will be the first destination for investors and owners of real estate and non-real estate projects at the lowest costs and the best offers