The Turkish property market has demonstrated remarkable resilience in the fourth quarter of 2024, with foreign investment increasing by 35% compared to the same period last year.
## Key Market Indicators
**Price Growth**: Istanbul residential prices have risen 12% year-over-year, while coastal areas like Antalya and Bodrum have seen increases of 15-18%.
**Foreign Investment**: British, German, and Russian investors continue to dominate the market, accounting for 65% of all international purchases.
**New Developments**: Over 50 luxury developments have launched in Istanbul and coastal regions, featuring modern amenities and international standards.
## Market Drivers
**Currency Stability**: The Turkish Lira has stabilized against major currencies, making investments more predictable for international buyers.
**Infrastructure Investment**: The completion of major infrastructure projects, including the Istanbul Canal and new airport connections, has boosted confidence in long-term property values.
**Citizenship Program**: Turkey's citizenship-by-investment program continues to attract high-net-worth individuals seeking EU proximity and business opportunities.
## Looking Ahead
Industry experts predict continued growth through 2025, with particular strength expected in:
- Luxury waterfront properties
- Modern residential complexes in Istanbul
- Commercial real estate in developing business districts
The market outlook remains positive, supported by government incentives and growing international recognition of Turkey's strategic investment potential.