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What will happen in Antalya’s real estate market? Will prices go up or down? Is Antalya still a hotspot for foreign investors? How is Turkey’s government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with notaries, real estate agents, and clients who buy properties in Antalya, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
1) Property prices in Lara will rise as it becomes a top spot for luxury housing projects
The Lara district in Antalya is becoming a hotspot for luxury living.
In recent years, Lara has transformed into a sought-after area, thanks to its appeal for high-end residential projects. With Antalya's growing fame as a tourist destination, the demand for luxury housing in Lara has surged. This trend is particularly evident in 2023 and 2024, as more people are drawn to its prime locations.
Developments like "Lara Grand Villas" and exclusive sea-view apartments are popping up, offering luxurious amenities and customizable living spaces. These projects are not just buildings; they are lifestyle statements attracting affluent buyers, which in turn is pushing property prices higher.
Backing this up, property prices in Lara have skyrocketed by 667% over the last four years. This isn't just about the homes themselves; the district is also seeing infrastructure improvements and new amenities, making it even more attractive to both local and foreign investors.
Insider knowledge suggests that Lara's appeal is not just about luxury; it's about a lifestyle that combines comfort with convenience. The area is becoming a preferred choice for those who want to enjoy the best of Antalya, from its beaches to its vibrant culture.
As Lara continues to evolve, it's clear that property prices will keep rising, driven by its growing reputation as a prime location for high-end living. This makes it a compelling option for anyone looking to invest in a property that promises both luxury and a solid return on investment.
Sources: Antalya Estate, Live in Antalya, Antalya Estate
2) Demand for homes in Antalya will rise as more foreign buyers are attracted by its climate and investment potential
Antalya has become a hotspot for foreign buyers, and there are several reasons why this trend is likely to continue. First, the city has seen a record number of visitors in 2024, with nearly 17.3 million tourists. This influx of people not only boosts the local economy but also increases the demand for rental properties, making it an attractive location for foreign investors.
Moreover, the property values in Antalya have appreciated significantly over the years. From January 2019 to October 2024, property values increased by 203.06%. This shows that investing in Antalya's real estate market can be a profitable venture, as the value of properties is likely to continue rising.
Antalya's Mediterranean climate is another major draw for foreign buyers. The pleasant weather makes it an ideal place for those looking to escape harsher climates, and this has been a consistent factor in attracting international interest. Additionally, the Turkish government offers various incentives for foreign property buyers, simplifying the process and making it more appealing.
Rental yields in Antalya are also competitive, averaging between 5% to 8%. This is particularly attractive for investors looking to generate passive income. The vibrant rental market, especially during the summer months, further enhances the city's appeal as a real estate investment destination.
Sources: Daily Sabah, Antalya Development, Safe Properties
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Turkey. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Antalya’s property prices will rise moderately as it grows as a tourist and expat destination
In 2023 and 2024, Antalya's real estate market showed a strong upward trend, with the average square meter price of residential properties reaching approximately 36,000 Turkish Lira. This increase was driven by a combination of strong economic growth, government incentives, and rising demand from both local and international buyers.
The city has also seen a significant rise in tourism, with nearly 17.3 million visitors in 2024, marking an 8% increase from the previous year. This growth in tourism is expected to continue, with hopes of hosting around 18 million visitors in 2025, further boosting the demand for real estate.
Additionally, the expatriate community in Antalya has been growing, with the number of foreigners settled in the city rising to 136,946 in 2022. This increase is largely due to Antalya's appeal as both a tourist destination and a desirable place to live, attracting significant numbers of Russian, Kazakh, and Iranian nationals.
Sources: Daily Sabah, Daily Sabah, Antalya Development
4) More Russian and Middle Eastern buyers will impact Antalya’s real estate market dynamics
The number of Russian and Middle Eastern buyers in Antalya is expected to grow, significantly influencing the local real estate market dynamics. In 2023, Russian citizens were the top foreign buyers, purchasing 10,372 properties in Antalya. This trend is supported by the fact that Russians were also the leading international tourists in Turkey, with 3.3 million visiting Antalya alone, marking a 17.5% increase from the previous year.
Middle Eastern buyers, including Iranians and Iraqis, have also shown strong interest, with Iranians purchasing 4,272 properties and Iraqis buying 1,917 houses and apartments in 2023. The favorable exchange rates for Russian and Middle Eastern currencies against the Turkish lira make real estate investments in Turkey more attractive. Additionally, geopolitical factors, such as the invasion of Ukraine by Russia, have prompted Russian citizens to seek financial havens, further boosting property purchases in Antalya.
Government policies aimed at attracting foreign investment in real estate, along with Turkey's cultural and historical ties with Russia and Middle Eastern countries, enhance the appeal of Antalya as a destination for both tourism and real estate investment. Improved connectivity, with direct flights between Antalya and major cities in Russia and the Middle East, has also facilitated travel and investment. The presence of Russian and Middle Eastern communities and amenities in Antalya further adds to its attractiveness for these demographics.
Sources: Daily Sabah, Turkey e-Visas, Altop Real Estate
5) Luxury real estate investments will rise in Konyaaltı as new beachfront projects finish
Konyaaltı is rapidly becoming a prime spot for luxury real estate investments.
In 2023, property prices in Konyaaltı jumped by nearly 60%, making it a magnet for investors. This surge highlights the area's growing appeal, especially for those eyeing real estate opportunities. The new beachfront developments, just 100 meters from the famous Konyaaltı Beach, are a major attraction. These projects blend luxury with functionality, offering premium amenities that cater to high-net-worth individuals.
Imagine waking up to stunning views and modern conveniences right at your doorstep. That's what these new developments promise. The enhanced infrastructure, including the ambitious Bogacay Marina project, adds to the allure. This project will not only expand the coastline but also introduce a marina, commercial spaces, and residential housing, making Konyaaltı a top choice for luxury real estate.
International investors are taking notice, with interest pouring in from Russia, Germany, and the UK. This growing attention underscores Konyaaltı's potential as a real estate hotspot. The area's transformation is not just about new buildings; it's about creating a lifestyle that appeals to those seeking exclusivity and comfort.
With the completion of these developments, Konyaaltı is set to offer a unique blend of natural beauty and urban sophistication. The combination of stunning beachfront properties and enhanced infrastructure makes it an irresistible option for investors. As the area continues to evolve, it promises to deliver both luxury and value.
For those considering a property investment, Konyaaltı presents a compelling case. The area's strategic location, coupled with its modern amenities, positions it as a leading destination for luxury real estate. As new projects come to fruition, the potential for growth and return on investment is significant.
Sources: Antalya Home Guide, Property Turkey, Northpick
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6) Demand for short-term rentals will rise, increasing returns for vacation rental investors
In recent years, Antalya has seen a significant rise in tourism, with a record 17.3 million visitors in 2024, marking an 8% increase from the previous year. This surge in tourism suggests a growing demand for accommodation, which short-term rentals can effectively meet.
The increase in international flights to Antalya further supports this trend. Over 10 million foreign tourists arrived by air between January and August 2023, a 20% year-on-year increase. This influx of tourists is likely to continue driving demand for short-term rentals.
Additionally, the global short-term rental market is projected to grow significantly, reaching USD 341.9 billion by 2033. This growth trend is expected to benefit Antalya, where platforms like Airbnb are already popular.
Sources: Daily Sabah, Hürriyet Daily News, GlobeNewswire
7) Antalya’s property prices will rise steadily because of limited land and growing demand
Antalya's residential property prices have been on a steady rise, and this trend is expected to continue. In 2023, the average home price in Antalya surged to $100,316, marking one of the steepest increases on record. This upward trajectory is largely due to the limited availability of land for new developments, especially in prime areas.
By 2024, housing sales in Antalya had increased by 16% compared to the previous year, indicating a strong demand for properties. This demand is driven by both local and international buyers, with foreign investment playing a significant role. The Turkish government's policies to attract foreign buyers, such as offering citizenship through property investment, have been successful, further boosting demand.
Moreover, Antalya's strategic location and favorable climate make it a preferred choice for expatriates and retirees, contributing to the growing population and, consequently, the demand for housing. The city's ongoing urban development projects and infrastructure improvements, like the expansion of Antalya's airport, enhance its attractiveness, potentially increasing property values.
Sources: Antalya Estate, Properstar, Yukselen Mimari
8) Property prices in Antalya's coastal areas will rise as more foreign buyers enter the market
Antalya is seeing a surge in foreign property ownership, especially in its coastal areas.
In July 2024, 878 properties were snapped up by international buyers, adding to a total of 4,746 properties sold to foreigners that year. This shows a growing interest in Antalya's real estate market, particularly in areas like Lara, Konyaaltı, and Belek. These spots are hot because they offer modern developments right by the sea, which is a big draw for those looking to invest in a sunny, scenic location.
Antalya's Mediterranean climate and safe living conditions make it even more attractive to foreign buyers. The city is not just about beautiful beaches; it offers a lifestyle that many find appealing. This is why property prices have been climbing, with the average square meter price hitting around 36,000 Turkish Lira in 2024.
This price hike is expected to keep going up, driven by strong economic growth and government incentives. The local government is keen on attracting more international investors, which is why they're offering various perks to make buying property here even more enticing.
For those considering a purchase, it's worth noting that the influx of foreign buyers is likely to drive up property prices further in these popular coastal areas. So, if you're thinking about investing, now might be a good time to jump in before prices climb even higher.
Antalya's real estate market is buzzing, and with its mix of natural beauty and modern amenities, it's no wonder that international interest is on the rise. The combination of a desirable lifestyle and investment potential makes it a top choice for many.
Sources: Antalya Development, Antalya Development, Antalya Estate
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Turkey versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) Vacation rental profits in Antalya will drop due to stricter short-term rental regulations
Stricter regulations on short-term rentals in Antalya, like the 100-day rental limit introduced in 2024, can significantly impact the profitability of vacation rental properties. This limit means property owners can only rent out their properties for a third of the year, reducing potential income from short-term stays.
Additionally, property owners must obtain a Tourism Accommodation Rental Permit, which involves costs and administrative efforts. Failing to comply with these regulations can result in hefty fines, starting at 100,000 Turkish Lira, which can escalate with repeated violations. This financial burden can deter property owners from continuing short-term rentals.
Moreover, similar regulations in other markets have shown a shift from short-term to long-term rentals. This shift could lead to decreased tourist interest, as fewer short-term rental options are available, potentially reducing overall tourism revenue in Antalya.
In the past, media coverage has highlighted the challenges faced by short-term rental owners under new regulations, including financial penalties and compliance struggles. These challenges can further discourage property owners from participating in the short-term rental market.
Sources: Timondro, Realting, Route Fifty
10) Foreign investors will favor new builds in Antalya for their modern amenities and design
Foreign investors are showing a strong preference for newly built properties in Antalya, and there are several reasons for this trend. In 2024, a significant number of properties were sold to international buyers, indicating a sustained interest in the region's real estate market. This interest is partly driven by the Turkish government's successful policies to attract foreign investment, which have led to a rise in property prices, especially in areas popular among international buyers.
Modern amenities and design are key factors influencing this preference. Surveys and market trends reveal that foreign investors are keen on properties that offer high appreciation and rental income potential. This is particularly true in areas like Altıntaş, Döşemealtı, and Kepez, where innovative real estate developments are on the rise. These areas are known for their modern infrastructure and high-quality construction, which appeal to buyers looking for contemporary living spaces.
Additionally, the demand for sustainable and smart buildings is growing. Energy-efficient and eco-friendly construction practices are becoming more popular, catering to environmentally conscious buyers. Real estate agents in Antalya report that foreign buyers are increasingly seeking properties with modern design and technology integration, such as smart home technologies and energy-efficient features.
Sources: The Real Estate Market in Antalya: Current Trends and Future Outlook, Property sales to foreigners in Turkey: Results of 2023 and forecasts for 2024, Real Estate Investment in Antalya: 2025 Trends and Opportunities
11) Properties designed for co-living will yield higher returns as shared living becomes more popular
Co-living spaces are becoming increasingly popular as people look for affordable housing options.
In Turkey, young professionals and digital nomads are flocking to co-living spaces for their flexibility and community vibe. This trend has been noticeable since 2023, as more individuals seek cost-effective and community-oriented housing solutions.
Globally, the co-living market is on a rapid rise. Back in 2022, it was valued at $13.3 billion, and by 2028, it's expected to hit $63.8 billion, growing at an impressive annual rate of 29.9%. This shows a strong market potential for properties designed for shared living arrangements.
Co-living properties often boast higher occupancy rates than traditional rentals. In the UK, the number of operational co-living homes has increased fivefold since 2019, with a notable rise in new co-living beds completed in 2023. This means properties designed for co-living can achieve more stable and consistent rental income.
Investors and developers are catching on to this trend, recognizing the opportunity to cater to the growing demand for co-living spaces. The higher occupancy rates and community-driven appeal make these properties attractive for those looking to maximize their returns.
As more people embrace the co-living lifestyle, the potential for higher yields in properties designed for shared living arrangements becomes increasingly evident.
Sources: Knight Frank, Real Estate All Turkey, Tolj Commercial
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12) Demand for homes in Antalya’s coastal areas will rise as more digital nomads seek scenic places to work remotely
In recent years, we've seen a significant rise in remote work adoption globally. Back in 2023, a report by Upwork highlighted that 63% of companies had remote workers, and 73% of teams were remote-friendly. This shift has led to a growing number of digital nomads, with platforms like Nomad List experiencing a surge in users.
Turkey, and specifically Antalya, has become an attractive destination for these digital nomads. The Turkish government has been proactive, launching promotional campaigns and introducing a Digital Nomad Visa to attract remote workers. This visa, which was introduced in 2023, allows for long-term stays, making it easier for digital nomads to settle in Turkey.
Surveys have shown that remote workers prefer scenic and affordable living environments, and Antalya fits this preference perfectly. The city offers a Mediterranean charm and a lower cost of living compared to other digital nomad hotspots. Additionally, Antalya has invested in digital infrastructure, ensuring reliable and fast internet connections, which are crucial for remote work.
Real estate market reports from 2024 indicated an increase in property inquiries and sales in Antalya's coastal areas. This trend is driven by the demand for scenic and affordable living environments among digital nomads. Social media platforms have also played a role, with many digital nomads sharing their positive experiences of living in Antalya, highlighting its beauty and lifestyle advantages.
Sources: Han Meets World, Hürriyet Daily News, Connect PLS, Micropreneur Life, IMI Daily
13) Demand for retirement-friendly housing in Antalya will grow as the population ages
Antalya has become a popular destination for retirees, thanks to its favorable climate and lifestyle. This trend is supported by the development of age-restricted communities or retirement villages, which cater specifically to the needs of older adults. These communities often include amenities like healthcare services, recreational facilities, and accessible housing.
In Turkey, the population aged 65 and over reached 8,722,806 by the end of 2023, representing 10.2% of the total population. This significant aging population trend is expected to continue, with projections indicating that the ratio of the elderly population to the total population will rise to 12.9% by 2030. As more retirees move to Antalya, the demand for retirement-friendly housing options is likely to increase.
Moreover, the real estate market in Antalya shows a trend towards increased sales of accessible homes, which are designed to meet the needs of older adults. This aligns with the preferences of retirees who often seek housing that is accessible, safe, and equipped with necessary amenities. The Turkish Retirees Association (TÜED) emphasizes the need for inclusive legislative processes to address the diverse needs of the elderly, further supporting the demand for such housing options.
Sources: Daily Sabah, Global Citizen Solutions, Macrotrends
14) Rental yields in Antalya will rise as it becomes a year-round spot for tourists and expats
Antalya is becoming a hotspot thanks to more international flights making it easier for tourists and expats to visit all year round.
With hotel occupancy rates hitting 90-95% in September 2024, even during off-peak times, it's clear that people are flocking to the city. This steady stream of visitors means there's a strong demand for both short-term and long-term rentals, giving property owners more chances to earn rental income from May to November.
The government is pushing hard to make Antalya a year-round destination, pouring money into tourism infrastructure like new airports and highways. These improvements boost the city's charm and accessibility, making it even more attractive to visitors and potential residents.
As more people discover Antalya, property prices and rental yields are set to climb due to the increasing demand and limited supply of quality places to stay. This is great news for anyone thinking about investing in property here.
With the extended tourism season and government backing, Antalya is on the rise as a prime spot for property investment. The city's growing popularity is a sign of good things to come for rental yields.
Sources: Türkiye Today, Antalya Estate
We have made this infographic to give you a quick and clear snapshot of the property market in Turkey. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
15) Rental yields in Antalya will stay steady as more expats settle in the city
In recent years, Antalya has become a popular destination for expatriates, particularly from Russia and Ukraine. Despite some leaving due to stricter permit policies and high living costs, the city continues to attract many foreign residents. This ongoing interest from expatriates helps maintain a steady demand for long-term rentals.
The demand for long-term rentals in Antalya is also fueled by its vibrant nightlife and tourism industry. Areas like Kaleici, Lara, and Kundu are particularly popular, with luxury apartments and boutique hotels commanding high rental rates and maintaining high occupancy levels throughout the year. This consistent demand supports stable rental yields.
Property prices in Antalya have been on the rise, driven by strong economic growth and government incentives aimed at attracting foreign investment. This trend is expected to continue, further supported by the city's appeal to both tourists and expatriates. As property values increase, rental yields are likely to remain stable, offering reliable returns for investors.
Antalya's real estate market benefits from positive economic indicators, with the city ranking third in Turkey for property sales. This growing demand for real estate, coupled with the city's high quality of life and amenities, makes it an attractive destination for expatriates seeking long-term rentals.
Sources: Türkiye Today, Antalya Estate, Antalya Estate, Antalya Development
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.