Authored by the expert who managed and guided the team behind the Turkey Property Pack
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What is happening in Antalya’s real estate market? Are prices going up or down? Is Antalya still a hotspot for foreign investors? How is Turkey’s government impacting real estate policies and taxes in 2025?
These are the questions everyone is asking us every day—professionals, buyers, and sellers alike, from Konyaalti to Lara and beyond. Perhaps you’re wondering the same thing.
We know this because we stay deeply connected with local professionals and people like you, diving into the Antalya real estate market every single day. That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market trends and dynamics.
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.
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1) Eco-friendly tax incentives will boost sustainable development in Antalya
New tax incentives for eco-friendly buildings in Antalya are set to encourage sustainable development by making it financially attractive for developers and homeowners to invest in green technologies. In the past, programs like the Turkish Residential Energy Efficiency Financing Facility (TuREEFF) have already shown success, with over 50,000 households investing in environmentally friendly homes. This trend indicates a growing interest in sustainable building practices.
The TuREEFF program has led to significant energy savings and a reduction in greenhouse gas emissions, equivalent to the amount absorbed by 330,000 trees annually. This demonstrates the potential impact of eco-friendly buildings on the environment. By offering tax incentives, the government is likely to further boost this trend, making it easier for more people to afford and choose sustainable housing options.
Moreover, the Antalya Sustainable Energy Action Plan aims to reduce emissions from the buildings sector by 4,576,943 tCO2e by 2030. This ambitious target highlights the importance of eco-friendly buildings in achieving regional sustainability goals. Tax incentives can play a crucial role in meeting these targets by encouraging more developers to adopt sustainable practices.
Sources: Antalya Sustainable Energy Action Plan, EBRD News
2) City center yields will dip slightly as property prices rise faster than rental growth
Property prices in Antalya's city center are climbing, especially in 2023 and 2024.
Driven by both local and international interest, the average price per square meter has hit around 36,000 Turkish Lira. In districts like Kaş, prices have surged even more, with a yearly increase of 11.69%. This makes it a hot spot for potential buyers looking for investment opportunities.
On the flip side, rental prices aren't keeping up with these property values. For January 2025, the rental increase rate in Turkey is set at 58.51%, which is still below the inflation rate. This means that while rents are going up, they're not matching the pace of property price hikes, creating a gap between rental yields and property costs.
Landlords are finding it tough to raise rents as quickly as property values rise. The apartment vacancy rate in Antalya was 5.0% in September 2023, aligning with its long-term average. This suggests a return to normalcy but with lower yields, as the rental market might get saturated, making it harder for landlords to maintain high rental income.
Real estate agencies have noticed this trend, indicating that rental income isn't keeping up with the rising property costs. This could mean that yields in the city center will decline slightly as property prices outpace rental growth.
For those considering buying property in Antalya, it's crucial to weigh these factors. While property values are rising, the rental market dynamics suggest a more complex picture for potential returns.
Sources: Antalya Development, Damasturk, Capitol Estate, DWS
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) Lara will draw more investors with its upscale amenities and airport proximity
The Lara neighborhood in Antalya has become a hotspot for investors, primarily due to its upscale amenities and strategic location near the airport. In the past few years, property prices in Lara have skyrocketed, with a 272% increase in just the last year and a staggering 667% rise over the past four years. This trend indicates a strong demand and a promising return on investment for those looking to enter the real estate market.
Luxury developments are flourishing in Lara, with numerous high-end apartments and villas offering exclusive features like private beaches, gardens, and even private swimming pools. These upscale amenities cater to a luxurious lifestyle, attracting affluent residents and investors alike. The proximity to Antalya Airport, just 3 km away, further enhances Lara's appeal, making it a convenient location for tourists and residents who travel frequently.
Moreover, the area's infrastructure supports its high-end lifestyle, with well-connected local amenities and a famous beach just 5 kilometers away. The growth of high-end retail and dining establishments in Lara also adds to its allure, drawing both residents and tourists who seek a luxurious experience. This combination of factors makes Lara a highly attractive investment opportunity, especially for those interested in capitalizing on the tourism industry.
Sources: Antalya Estate, Alanya Properties
4) Luxury villa investments in Kundu will increase thanks to its resort-like environment
The Kundu area is becoming a hotspot for luxury villa investments.
Over the past few years, property prices in Kundu have surged, reflecting a strong demand for real estate. In 2023, the Lara district, which includes Kundu, saw property prices rise by a staggering 667% over four years. This trend is a clear indicator of the area's growing appeal.
Kundu's allure is further enhanced by its booming tourism industry. In 2023, Antalya welcomed a record 15.37 million tourists, many of whom are drawn to Kundu's luxurious hotels and beautifully landscaped surroundings. This resort-like environment is a magnet for both tourists and investors seeking luxury properties.
Foreign investors are increasingly eyeing Antalya's real estate market, with Kundu standing out as a prime location. Istanbul and Antalya each account for 35% of property sales to foreign buyers, highlighting the strong demand for luxury properties in the region. This interest is bolstered by media coverage that showcases Kundu's unique blend of natural beauty and high-end amenities.
For those considering a property purchase, Kundu offers a unique opportunity. The area's combination of stunning landscapes and upscale living makes it an attractive choice for luxury villa investments. Investors are drawn to the potential for high returns, thanks to the area's growing popularity and demand.
With its resort-like atmosphere and increasing property values, Kundu is poised to become a leading destination for luxury real estate. The area's appeal is undeniable, making it a smart choice for those looking to invest in a thriving market.
Sources: Aral Group Baku, Antalya Estate, Hürriyet Daily News, Terra Real Estate
5) Konyaaltı will experience increased demand for its beach proximity and new luxury developments
The Konyaaltı district is becoming a hot spot for property buyers, thanks to its close proximity to the beach and new luxury developments.
In 2023, house prices in Konyaaltı jumped by 59.67%, showing just how much people want to live here. This surge is largely due to the introduction of luxury real estate projects that are not only stunning but also perfectly located. Take the Konyaalti Sea View Luxury New Project, for example. It's just 100 meters from the famous Konyaaltı Beach, making it a dream for anyone looking for a beachfront home.
International buyers are also catching on to this trend. In July 2024, 878 properties were snapped up by foreigners, proving that the district is a magnet for global investors. This interest is likely to grow with ongoing projects like the enhancements to the Konyaaltı coastline and the Bogacay Marina project, which aim to boost the area's natural beauty and tourism appeal.
These luxury developments are not just about aesthetics; they offer a lifestyle of convenience and elegance. Imagine waking up to the sound of waves and having a marina just a short walk away. It's no wonder that the demand for properties in Konyaaltı is skyrocketing.
Local insiders say that the district's transformation is just beginning. With more projects in the pipeline, property values are expected to continue rising. This makes it an exciting time for anyone considering investing in this vibrant area.
Whether you're looking for a vacation home or a long-term investment, Konyaaltı offers a unique blend of luxury and location that is hard to beat. The district's appeal is only set to grow as more people discover its charms.
Sources: Antalya Home Guide, Northpick, Antalya Development, Property Turkey
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6) Antalya’s property prices will keep rising as demand grows from local and international buyers
Antalya has consistently ranked high in property sales, with July 2024 seeing 6,659 sales, making it the third highest in Turkey. This indicates a strong and sustained interest in the region, even when overall sales in Turkey saw a decline in 2023.
The Turkish government's successful policies to attract foreign investment have played a significant role. Buyers from countries like Russia, Germany, and the UK have been actively purchasing properties, driven by incentives such as citizenship through property investment.
Antalya's booming tourism sector also fuels demand for vacation homes and rental properties. The city attracts millions of tourists annually, offering substantial rental income potential, especially through platforms like Airbnb.
Infrastructure improvements, such as the expansion of Antalya's airport and enhancements to public transportation, have made the city more accessible and appealing. This, combined with media attention highlighting Antalya as a desirable living destination, further boosts its attractiveness to buyers.
Favorable exchange rates for foreign buyers and the increasing number of expatriates settling in Antalya contribute to the rising demand. The limited housing supply compared to demand, especially in prime areas, is another factor that could lead to higher property prices.
Sources: Antalya Development, Investment Visa, Prime Property Turkey, Antalya Estate
7) Coastal areas will see steady rent growth due to their appeal for short-term rentals
Coastal areas in Antalya are seeing stable rent growth because they're hot spots for short-term rentals.
Antalya's coastal regions, like Konyaaltı and Lara, are in high demand for short-term stays. Their natural beauty and tourist appeal keep occupancy rates high year-round, making them a magnet for both tourists and investors.
In 2024, Antalya welcomed a record-breaking 17.3 million visitors, an 8% jump from the previous year. This influx of tourists boosts the need for short-term rentals, especially near attractions, ensuring steady rental income and stable rent growth.
Investors are drawn to Antalya because short-term rentals offer an average return on investment of about 15%. The Turkish government is also promoting Antalya as a prime real estate hub, enhancing its infrastructure and accessibility.
Media buzz about the charm of coastal living in Antalya has only added to its allure. This positive coverage, along with historical rent growth data, suggests that rent growth will remain stable in these areas.
Sources: Safe Properties, Daily Sabah, AirDNA
8) Stricter short-term rental regulations will affect the profitability of Airbnb-style investments
In recent years, we've seen a noticeable shift in how local governments handle short-term rentals, like those offered through Airbnb. In Turkey, for example, new regulations have been introduced that limit rentals to 100 days per year and require unanimous consent from all apartment owners in multi-unit buildings. These changes suggest a move towards tighter control over short-term rental markets.
Residents have increasingly voiced complaints about noise and disturbances from these rentals, which has caught the attention of local authorities. This growing concern among locals is a strong indicator that stricter regulations could be on the horizon. Additionally, the surge in short-term rental listings, with over 4,494 active Airbnb listings in Antalya as of September 2024, highlights a robust market that might prompt further regulatory intervention.
Moreover, the influx of short-term rentals has been linked to housing shortages and increased rental prices for long-term residents. This issue is often cited by local authorities as a reason for implementing stricter regulations. Media coverage has also played a role by highlighting the impact of short-term rentals on local communities, including concerns about noise, parking, and the displacement of long-term residents. This public scrutiny can drive regulatory changes.
Sources: Timondro, Airbtics, Hürriyet Daily News
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) Kaleiçi properties will gain desirability for their historical charm and tourism appeal
Properties in the Kaleiçi area are becoming more desirable due to its historical charm and tourism appeal.
In 2024, Antalya saw a record-breaking 17.28 million visitors, with Kaleiçi being a major draw. This surge in tourists highlights the area's growing popularity and interest in its historical city center.
The rising property prices in Kaleiçi further indicate its desirability. The median price of an apartment in Kaleiçi is significantly higher than in other areas of Antalya, reflecting the demand for properties in this historical district.
Moreover, the growth in boutique hotels and Airbnb listings in Kaleiçi showcases the increasing demand for unique accommodations. This trend is supported by positive reviews and ratings of Kaleiçi attractions on travel websites, indicating high tourist satisfaction.
Additionally, media coverage and social media posts emphasize Kaleiçi's historical and cultural significance, further boosting its appeal.
Sources: Daily Sabah, Properstar, Destination2
10) Middle Eastern investors will increasingly target Antalya for its cultural connections and tourism potential
Middle Eastern investors are increasingly eyeing Antalya as a prime spot for investment.
In 2024, Antalya saw nearly 17.3 million visitors, an 8% jump from the previous year, showing its growing allure. This surge is a magnet for investors eager to tap into the booming tourism scene. The city’s appeal is not just in numbers; it’s in the experience it offers, from stunning beaches to vibrant nightlife.
Etihad Airways is set to launch new direct flights in 2025, boosting connectivity between the Middle East and Antalya. This move will make it easier for travelers from the region to visit, likely increasing tourism even more. With easier access, Middle Eastern investors might find it more appealing to explore business opportunities here.
Antalya’s rich cultural and historical heritage is a big draw for Middle Eastern tourists and investors. The city’s ancient ruins and lively cultural scene resonate with Middle Eastern visitors, offering a sense of familiarity. This cultural connection, paired with the city’s tourism potential, makes Antalya a hot spot for investment.
Beyond tourism, Antalya offers a lifestyle that aligns with Middle Eastern values, from its cuisine to its hospitality. This cultural affinity is a key factor in why investors from the Middle East feel at home in Antalya, making it a natural choice for investment.
With its strategic location and growing infrastructure, Antalya is poised to become a hub for Middle Eastern investors. The city’s blend of modern amenities and cultural richness creates a unique investment landscape that is hard to resist.
Sources: Daily Sabah, Mighty Travels
11) Antalya will attract more foreign buyers with favorable exchange rates and investment incentives
Foreign buyers are increasingly targeting Antalya due to favorable exchange rates and investment incentives. In 2023, despite a general decline in foreign home purchases in Turkey, Antalya remained a popular destination, accounting for about 36.7% of total sales. This shows a sustained interest from foreign buyers, particularly in Antalya.
The Turkish lira's devaluation, expected to reach 38 TRY/USD by late 2024, makes Turkish real estate more affordable for foreign buyers. As the lira weakens, the cost of properties in Turkey decreases relative to other currencies, making it an attractive investment opportunity.
Additionally, the Turkish government is likely to incentivize Foreign Direct Investment (FDI) in various sectors, including real estate. These measures could further boost property sales in Antalya, making it a prime target for foreign investors looking for favorable conditions.
Sources: Global Property Guide, Turkey Political Risk Report, Timondro
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12) Russian and Ukrainian buyers will increase due to geopolitical factors and proximity
In 2023, Russian citizens were the top foreign buyers of properties in Antalya, purchasing 10,372 properties. This trend was largely due to their search for a financial haven following Russia's invasion of Ukraine.
By 2024, although there was a decline in overall foreign interest in Turkish real estate, Russian nationals still made up the largest group of buyers, with 2,091 units sold in the first five months. This indicates a continued interest despite a 63.5% year-on-year decrease.
Real estate agencies in Antalya have reported an increase in inquiries and interest from Russian and Ukrainian buyers. This is partly because of Turkey's favorable visa and residency policies for property buyers.
Geopolitical instability, such as the ongoing conflict in Ukraine and economic sanctions against Russia, has historically led to spikes in foreign property purchases. This has prompted capital outflow, leading to increased investment in Antalya.
Antalya's proximity to Russia and Ukraine makes it an attractive destination for investors seeking a safe haven. The city's Mediterranean location and tourism infrastructure also add to its appeal.
Foreigners who buy real estate in Turkey are granted a residency permit for up to two years, with a minimum property value requirement of $75,000 in metropolitan cities like Istanbul and Izmir.
Reports indicate that Russian and Ukrainian expatriate communities are growing in Antalya, with many settling in the city and leasing out their houses to tourists.
Sources: Daily Sabah, AGBI, Prime Property Turkey, Hürriyet Daily News
13) Coastal property prices may dip slightly due to climate change concerns and rising sea levels
In recent years, we've seen a growing concern about climate change and its impact on coastal areas. This concern is particularly relevant when we talk about property prices in places like Antalya. While property prices in Antalya have generally been on the rise, there are specific factors that could lead to a slight decline in coastal areas.
One of the main reasons is the increased frequency and severity of coastal flooding due to climate change. This trend has been observed globally and can deter potential buyers from investing in coastal properties. When buyers are worried about the risk of flooding, they might choose to invest elsewhere, leading to a decrease in demand and, consequently, a decline in property prices.
Additionally, insurance companies are raising premiums for coastal properties because of the higher risks associated with climate change. Higher insurance costs can make owning a coastal property less attractive, further reducing demand. Moreover, media coverage highlighting these climate change impacts can also play a role in reducing investor confidence in coastal real estate.
Sources: C40, Safe Properties, C2ES
14) Antalya's rental yields will rise as tourists opt for long-term stays over hotels
Antalya is buzzing with tourists, drawing in nearly 17.3 million visitors in 2024, an 8% jump from the previous year.
This influx is not just about sightseeing; it's reshaping the local rental market. More tourists are choosing long-term stays over traditional hotels, creating a ripe opportunity for property investors.
Antalya's charm is catching the eye of digital nomads and remote workers. They love the city's vibrant culture and modern amenities, often opting for long-term rentals for comfort and flexibility.
While we don't have exact numbers on long-term rental inquiries, the trend is clear. High occupancy rates on platforms like Airbnb—around 53%—show that many visitors are extending their stays.
Investors should note that Antalya's popularity is on the rise, making it a hot spot for those looking to capitalize on the growing demand for long-term rentals.
With more tourists choosing to stay longer, rental yields in Antalya are set to increase, offering a promising outlook for property buyers.
Sources: Antalya Development, Travel and Tour World, Airbtics
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) Property values in Muratpaşa will rise as it evolves into a cultural and commercial hub
Muratpaşa is on the rise as a cultural and commercial hub, which is expected to boost property values.
In recent years, there's been a lot of investment in cultural infrastructure, like restoring historic areas and creating new public spaces. These changes have made Muratpaşa more attractive to both locals and tourists. The area is buzzing with cultural events and festivals, drawing more people in and making it a lively place to be. This increased activity naturally boosts property values.
On the commercial side, new shopping centers and office spaces are popping up, offering more opportunities for businesses to set up shop. This growth in commercial developments is stimulating the local economy and making Muratpaşa an appealing place for businesses to relocate.
The government is backing this transformation by promoting Muratpaşa as a cultural and commercial hub. They've improved transportation and connectivity, making the area more accessible and enhancing its appeal. This has led to a noticeable increase in property transactions, showing that both local and international buyers are taking an interest.
With these developments, Muratpaşa is becoming a hotspot for property investment. The combination of cultural vibrancy and commercial growth is creating a unique environment that attracts a diverse range of people. As more people flock to the area, property values are expected to rise, making it a promising investment opportunity.
For those considering buying property in the country, Muratpaşa offers a blend of cultural richness and economic potential. The ongoing transformation is setting the stage for a thriving community, where property values are likely to appreciate as the area continues to develop.
Sources: Antalya Development, Antalya Development
16) New green spaces and parks will boost the attractiveness of nearby residential areas
New green spaces and parks can significantly boost the appeal of nearby residential areas.
In 2023 and 2024, the introduction of parks in Antalya, especially in Muratpaşa, led to a noticeable increase in property values. People are willing to pay more for homes that offer a better living environment, which parks help create.
There's a growing demand for homes near green spaces, driven by the desire for a better quality of life and environmental sustainability. Areas like Konyaaltı, with its coastal strip and modern developments, have become more attractive to buyers because of their proximity to parks.
Real estate market reports from recent years highlight how green spaces enhance property desirability. The presence of parks contributes to a dynamic real estate market, supported by growing demand and future development projects.
In Antalya, the quality of life has improved due to these green spaces, making areas like Muratpaşa and Konyaaltı more appealing. People are willing to pay more for homes that offer a better living environment, which parks help create.
Moreover, the introduction of parks in Antalya has led to a noticeable increase in property values, particularly in areas like Muratpaşa. This trend is driven by the desire for a better quality of life and environmental sustainability.
Sources: Antalya Development, Audubon
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.