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The Real Estate Market in Turkey and Alanya – 2025

Almat Duambekov
Sep 17
4 min read

In 2025, the Turkish real estate market is showing a mixed picture: rising sales and reviving demand, while interest rates and currency volatility remain high. For Alanya, 2025 is a year of opportunity for foreign buyers: tourism is recovering, supply is limited in popular areas, and prices are showing local resilience.

Графика динамики ипотечных процентных ставок в Турции 2024-2025

Turkey and Alanya Real Estate Market Analysis for 2025: Trends, Prices, Foreign Buyer Demand, Mortgages, and Practical Tips for Investors. Latest Data and Forecasts

Key Takeaways
Overall Turkish Market Outlook in 2025
What's Happening in Alanya - Local Views
Financing and Rates - What's Important to Know
Tourism and Demand - The Relationship (Antalya/Alanya)
Buyers - Who's Buying (Nationality, Demand)
Risks and Factors to Monitor in 2025
Practical Recommendations for Buyers and Investors

1. Key Takeaways

The general Turkish market is showing sales growth and a recovery in activity in 2024–2025; in 2024, the number of residential units sold rose to ~1.48 million. Daily Sabah
The Central Bank of Turkey maintained very high interest rates in 2025, which impacts lending availability. Mortgage/loan rates remain high, although a gradual decline in some indicators was observed in the first half of 2025 (rate sources: TradingEconomics, TheGlobalEconomy). TradingEconomics+1
For Alanya, 2025 is a favorable environment for international buyers: strong tourist flow to Antalya/Alanya supports demand for rentals and short-term lets, and prices in certain segments remain attractive (source: Investropa, local reports). Investropa+1

2. Overall Turkish Market Outlook in 2025

Sales and Activity. The market returned to high activity in 2024, with approximately 1.48 million properties sold in 2024, an increase compared to the previous year. This reflects a recovery in domestic demand and secondary market activity. Daily Sabah
Prices and the RPPI Index. According to the Central Bank and industry media, housing market price indices showed nominal growth, but real growth slowed. Analysts note mixed forecasts for 2025 (various scenarios are possible depending on interest rate policy). Daily Sabah+1
Macrofactors. High inflation and changes to the CBRT key interest rate in 2024–2025 remain the main factors of uncertainty. Central Bank decisions directly impact the availability of mortgage financing and borrowing costs. Trading Economics+1

3. What's Happening in Alanya - A Local Picture (2025)

Prices: Local research (agencies and regional analysts) shows that the average price per square meter in Alanya decreased in early 2025 compared to early 2024 across several segments (approximate values: ~€1,310/m² in early 2024 → ~€1,145/m² in March 2025 — values are illustrative and taken from regional surveys). This creates attractive entry points for buyers. Investropa+1
The most in-demand segments: small 1+1 and 2+1 apartments near the sea (for rent), villas and townhouses in the Konak, Mahmutlar, and central Alanya districts are popular with foreign buyers. ekolojiconstruction.com
Supply and new buildings: In 2025, competition will be observed among developers in the mid- and low-end segments; however, a shortage of quality supply in central coastal locations is supporting premium-segment prices. ekolojiconstruction.com

4. Financing and Rates – Why They Matter

Mortgage and loan interest rates in Turkey remain high in 2025 (sources indicate mortgage and loan rates in the region of 40%+ for lira loans as of mid-2025 – see TradingEconomics / TheGlobalEconomy). This is significantly impacting mortgage demand among local buyers. TheGlobalEconomy.com+1
Loans for Foreigners. Banks sometimes offer euro/dollar loans at lower rates for foreigners (examples: 7-11% for foreign currency loans in some offers in 2025), making a purchase in foreign currency more attractive, but requires individual verification of terms with the bank. Deal Real Estate

5. Tourism and demand - the relationship

Tourism as the main driver of demand. Antalya (including Alanya) showed strong tourism growth in 2024–2025: tourism revenues and the number of tourists increased significantly, supporting demand for short-term rentals and second-home purchases. Reuters estimates tourism revenues will grow to $61.1 billion in 2024. Summer 2025 also shows strong tourist arrivals in Antalya. Reuters+1
This means property owners in popular tourist locations in Alanya can expect high occupancy rates during the season and attractive rental yields.

6. Who buys – the geography of demand

Traditionally, buyers from Russia, Iran, Iraq, the UK, Germany, the Persian Gulf, and the CIS region are active in Turkey, especially on the Mediterranean coast. For Alanya, strong interest from Arab countries, Europeans, and Russians/post-Soviet countries remains high in 2025. damasgroup.com.tr+1

7. Risks and factors to monitor

Key rate fluctuations and inflation affect borrowing costs and purchasing power; monitor CBRT decisions and macroeconomic data. Trading Economics
Currency risk: If you're buying in TRY (Turkish Lira), consider potential volatility; foreign currency loans mitigate some of the risks but come with their own terms. Deal Real Estate
Regulatory changes, taxes, and foreign purchase rules: stay up-to-date with legislative updates.
Local risks: construction quality, land legal status, developer claims: legal support and document verification are essential.

8. Practical advice for buyers and investors

Determine the purpose of the purchase. Investment income (rental income), a second holiday home, or long-term residence are all different strategies.
Compare purchases in euros/dollars and lira. Foreign currency loans may offer lower rates, but check availability and requirements. Deal Real Estate
Evaluate rental yields. Seasonal rentals in Alanya often result in high occupancy rates—consider management costs, taxes, and platform fees.
Check the legal status and technical documentation. Request TAPU, cadastral extracts, reconstruction permits, etc.
Use a local lawyer and realtor. This is especially important for transactions involving foreigners—notary procedures, translations, and tax accounting.
If you're buying on credit, consider potential scenarios. Consider rate changes, exchange rate differences, and force majeure.