Turkey Luxury Residential Real Estate Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Turkey Luxury Residential Real Estate Industry (2025-2030):

According to the latest report, Turkey Luxury Residential Real Estate Market size was valued at around USD 61.19 billion in 2024 and is projected to reach USD 87 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.11% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Turkey Luxury Residential Real Estate.


Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2020-2023

·        Base year: 2024

·        Forecast Years: 2025-2030

·        Market Value in 2024: USD 61.19 Billion

·        Market Value in 2030: USD 87 Billion

·        CAGR (2025-30): 6.11%

Download a sample PDF of this report to gain insights into the complete report structure

https://www.marknteladvisors.com/query/request-sample/turkey-luxury-residential-real-estate-market.html

What are the major Driver the Turkey Luxury Residential Real Estate industry?

Rising Demand for Second Homes by Affluent Buyers – The luxury residential real estate sector in the country is fueled to a larger extent by the growing popularity of the country as a second home destination for wealthy clients. Its rich culture and cost-effective real estate along with its favorable climate are perfect for people who are looking for vacation villas in scenic places like; Bodrum, Antalya, and ÇeÅŸme mainly from Europeans, Middle Easterners, and Asians. Turkey's government also supports the enactment of citizenships, whereby one becomes a Turkish citizen, by investing USD 400,000 or more in such properties as foreign buyers having a strong preference for their second houses in this area. In addition, there are greater numbers of millionaires and billionaires in the country where the count of UHNWIs, jumped by 9.7% in 2023. This boosts demand for eco-friendly, health-oriented living spaces with private gardens, pools, and spas that align with what a wealthy house buyer prefers in his second home. Moreover, the flexibility in working remotely has enabled them to live away from city centers and thus purchase second homes in quiet locations.

Turkey Luxury Residential Real Estate Market Segmentation

The Turkey Luxury Residential Real Estate Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.The further bifurcations are as follows:

  •  By Type
    • Flats- Market Size & Forecast 2020-2030, USD Million
    • Condominiums - Market Size & Forecast 2020-2030, USD Million
    • Penthouses- Market Size & Forecast 2020-2030, USD Million
    • Townhouses- Market Size & Forecast 2020-2030, USD Million
    • Villas & Mansions- Market Size & Forecast 2020-2030, USD Million
    • Others (Vacation Homes, Farm Houses, etc.) - Market Size & Forecast 2020-2030, USD Million
  • By Furnishing
    • Fully Furnished- Market Size & Forecast 2020-2030, USD Million
    • Semi-Furnished- Market Size & Forecast 2020-2030, USD Million
  • By Configuration
    • 1-2 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
    • 3-4 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
    • 5-6 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
    • 7 & Above Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
  • By Size (sq. ft.)
    • Less than 5,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
    • 5,000 - 10,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
    • 10,000 – 15,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
    • 15,000 - 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
    • Above 20,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
  • By Price
    • 1–5 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
    • 6-10 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
    • 11-20 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
    • 21-50 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
    • 51- 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
    • Above 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
  • By Company
    • Competition Characteristics
    • Company Share & Analysis 

As per the regional aspect, Turkey Luxury Residential Real Estate Market is expected to be dominated by Turkey by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/turkey-luxury-residential-real-estate-market.html

Top Companies in the Turkey Luxury Residential Real Estate 

Sotheby's International Realty Turkey, Luxury Property Turkey, Barnes Türkiye, Avrupa Konutlari, Ağaoğlu Group, Yeni Levent, Özyurtlar Holding, Eroğlu Real Estate, Emlak Konut, ISTHOMES Real Estate, and others

 

Turkey Luxury Residential Real Estate Development:

  • November 2024: ARTAS Avrupa Konutlari will unveil an upscale residential project in Sisli, Istanbul by June 2025, featuring architecturally timeless buildings, luxury amenities, and excellent transportation links, promising high property value appreciation and Turkish citizenship eligibility.

 

  • November 2024: the DAP YENI LEVENT project has announced to offer of 950 apartments by March 2025, lush green spaces, and luxury amenities, ensuring comfort, excellent city connectivity, and Turkish citizenship eligibility.

Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

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