The Turkey housing market 2026 is set for another year of significant price growth, driven by rising construction costs, increasing foreign demand, and limited housing supply. Industry experts note that buyers who enter the market early in the year may secure the best opportunities before prices climb further.
Construction Costs Continue to Rise in 2026
Construction materials in Turkey have seen another sharp price jump in late 2025 and early 2026:
Steel prices increased by more than 40% year-on-year
Cement and concrete costs surged due to energy price fluctuations
Imported materials became more expensive because of currency volatility
Developers warn that profit margins on long installment plans have become extremely tight, making price increases unavoidable throughout 2026.
Low Inventory & High Demand Are Driving Competition
Despite ongoing construction, the supply of ready properties remains low—particularly in Istanbul, Antalya, Izmir, and Bodrum.
Demand is being pushed higher by:
Foreign buyers seeking investment and Turkish citizenship
Local families trying to secure housing before prices rise
Investors shifting from deposits to real estate for inflation protection
Experts report that new projects are selling out faster than in previous years, even before breaking ground.
Forecast for 2026: Up to 50–60% Annual Price Growth
According to recent industry estimates, housing prices in Turkey may grow by:
4–6% per month in early 2026
Up to 50–60% total growth by the end of the year
This upward trend mirrors the pattern seen in late 2024–2025, when rising construction costs directly pushed property prices higher.
2026: A Major Year for New Construction
Although supply is tight now, 2026 is expected to be a year of strong construction activity, with more balanced inventory expected in 2027.
However, experts emphasize that:
Prices of new launches will still open 20–30% higher than last year
Delayed projects from previous years will finally enter the market
Urban transformation (Kentsel Dönüşüm) projects will accelerate in major cities
Buyers who act early in 2026 may benefit from lower entry costs before these new units hit the market at higher prices.
