Turkish Property Prices to Exceed $1,000/m² by 2028 – 3-Year Citizenship Investment Program Enters Long-Term Strategy Spotlight

Between June 2023 and June 2025, Turkey attracted $25 billion USD in foreign direct investment (FDI), bringing the total number of foreign-operated businesses in the country to over 90,000. Among these, real estate remains one of the leading sectors, largely thanks to Turkey’s citizenship-by-investment program through property ownership.

Foreign buyers continue investing in Turkish real estate

Each year, around 1.5 million residential properties are sold in Turkey, with foreign buyers accounting for more than 30,000 transactions—equivalent to an annual investment volume of $3 to $5 billion USD.

Though this represents a small portion of total sales, international buyers play a strategic role in shaping high-potential zones—from coastal cities to urban redevelopment areas.

Prices rebound as inflation stabilizes

After a turbulent economic period marked by high inflation and interest rates, the Turkish real estate market is gradually stabilizing. As interest rates ease, property prices have started to recover.

As of June 2025, the national average price of residential real estate stands at $825 USD per square meter. Forecasts indicate this figure will exceed $1,000 USD/m² by the end of 2028.

(For comparison: mid-range apartment prices in Ho Chi Minh City and Hanoi currently range from $2,000 to $3,500 USD/m²—meaning buyers in Turkey can acquire larger, better-located properties at a significantly more accessible price point.)

Major cities like Istanbul, Antalya, and Izmir are expected to drive this price growth, particularly in districts undergoing infrastructure upgrades or urban regeneration.

Istanbul leads the market – prices projected to exceed $1,500/m²

Istanbul, Turkey’s largest city by population, continues to dominate in transaction volume. As of now, the average price per square meter in Istanbul is $1,256 USD and is projected to surpass $1,500 USD by 2028.

The significant gap between Turkish and Vietnamese metropolitan prices highlights Turkey’s strong capital appreciation potential. When paired with legal residency or citizenship benefits, real estate becomes more than just a financial asset—it’s a strategic position.

3-Year Citizenship Program and Passport Value

Turkey’s citizenship program allows foreign investors to acquire citizenship by purchasing real estate worth at least $400,000 USD and holding it for three years. After this period, the property can be sold and the capital withdrawn—while the citizenship remains valid.

In addition to long-term residency rights, the Turkish passport offers practical advantages:

• Visa-free or visa-on-arrival access to over 110 countries, including Japan, South Korea, Singapore, Hong Kong, Brazil, South Africa, and much of Latin America—ideal for business or leisure travel

• Eligibility for the U.S. E-2 visa, through Turkey’s bilateral treaty with the United States. However, applicants must show continuous residence in Turkey for at least three years prior to applying for the E-2 visa

• Full-family citizenship, including spouse and children under 18

• No requirement for long-term residence to maintain citizenship after the minimum investment period

Combined with the ability to exit the investment after three years, this program is increasingly seen as a forward-looking, balanced solution for families seeking both a second passport and an appreciating asset.

👉 Contact Portico & Bridge to receive the latest real estate listings and updated rental yield data across key markets such as Istanbul, Antalya, and Izmir.