Türkiye has long captured the imagination of property investors, digital nomads, and retirees alike. With its stunning coastlines, vibrant cities, and rich history, it’s no surprise that interest in Turkish real estate is growing. But how do property prices in Türkiye actually compare to those in the European Union (EU)? Let’s take a closer look.
A Snapshot of Property Prices
As of 2025, Türkiye’s property prices are still significantly lower than the average across the EU. According to recent market data:
Average price per square meter in Türkiye: approximately €800 to €1,200 (depending on location).
Average price per square meter in the EU: ranges widely, but countries like Germany, France, and the Netherlands often exceed €4,000 per square meter in major cities.
In other words, real estate in Türkiye can cost up to four or five times less than in many EU nations. Even when compared to relatively “affordable” EU countries like Bulgaria or Romania, Türkiye remains highly competitive.
Why the Difference?
Several factors contribute to Türkiye’s more accessible property prices:
Currency Value: The Turkish lira has seen significant depreciation against the euro over the past few years, making Turkish assets cheaper for foreign buyers.
Economic Conditions: Türkiye’s inflation and broader economic challenges impact real estate prices differently than in the more stable economies of the EU.
Development Patterns: In many Turkish cities, particularly outside Istanbul, there’s a relatively high supply of new housing stock, which helps keep prices in check.
Where in Türkiye Are Prices the Most Attractive?
While Istanbul is Türkiye’s largest city and financial hub, property prices there are considerably higher than the national average. However, you can find exceptional value in places like:
Antalya: A Mediterranean paradise popular with expats.
Bursa: A historical city offering lower prices and proximity to Istanbul.
Izmir: A bustling coastal city with a blend of modernity and tradition.
In these locations, you can find modern apartments starting from €50,000 or luxury villas with sea views for well under €300,000—prices almost unimaginable in many parts of the EU.
Comparing Lifestyle and Investment Value
Besides affordability, Türkiye offers an attractive lifestyle comparable to many Mediterranean EU countries:
Climate: Long, sunny summers rival southern Spain or Italy.
Cost of Living: Everyday expenses like groceries, dining, and services are significantly lower than in most EU countries.
Residency Options: Türkiye offers residency permits to property buyers, and a citizenship program is available for higher-value investments.
However, potential buyers should also consider risks such as currency volatility, differences in legal processes, and the political climate, which can affect long-term investment returns.
Final Thoughts
Türkiye stands out as a compelling destination for those seeking affordable property options without sacrificing lifestyle quality. While it may not offer the same economic stability as many EU countries, the incredible value-for-money and high rental yields in tourist hotspots continue to attract both investors and homebuyers.
For those willing to do their homework and work with reputable local agents, Türkiye presents an opportunity that’s increasingly hard to find in today’s global property market.
