Which areas of Turkey are leading the way in terms of m² and rental value growth in 2024?

In 2024, the real estate market in Turkey continues to show significant growth in prices per square meter and rental rates, especially in key metropolitan and resort regions:

Average price per m²: around 49,000 Turkish Liras (+26% YoY). In central areas, prices reach $14,000 per m² for luxury housing.

Reasons for the growth: real estate shortage, high demand for rentals (including short-term rentals) and the development of infrastructure projects such as the Istanbul Canal. Premium new buildings in areas with good transportation accessibility are also popular.

Average price per m²: 26,719 Turkish Liras (+50% YoY). This region also shows the largest increase in rental rates.

Reasons for the growth: high concentration of students and civil servants, as well as the active development of new neighborhoods.

Average price per m²: 37,757 Turkish Liras (+28% YoY).

Reasons for growth: Antalya is the leader in sales to foreigners due to its year-round tourist demand and picturesque Mediterranean atmosphere. Rental rates here are also growing steadily.

Average price per m²: 36,796 Turkish Liras (+42% over the year).

Reasons for growth: The region's attractiveness is due to its resort location and the active development of residential infrastructure.

Average price per m²: 35,000 Turkish Liras (+30% YoY).

Reasons for growth: These regions show stable price growth due to popularity among tourists and high demand for vacation homes, especially in the luxury segments.

New buildings continue to rise in price faster and are in demand due to modern design and amenities. Investors are advised to pay attention to developing areas near major infrastructure projects, as well as resort regions with year-round rental demand.