Should I Sell My Property in Turkey Today or Wait?
Amid the significant fluctuations in the Turkish real estate market, the decision to sell or hold onto a property has become one of the most pressing concerns for investors. While some are optimistic about an upcoming improvement, others are pessimistic due to declining prices—highlighting the need for a clear reading of the situation:
Is now the right time to sell? Or would waiting be a wiser investment decision?
The Current State of the Turkish Real Estate Market
The Turkish real estate market is currently experiencing what could be described as a “price floor”—a phase common in most property markets after major surges and bubbles. Similar patterns were seen in Dubai in 2018 and in London post-2008 financial crisis.
Currently, prices are relatively stable or declining in some areas. Local demand is weak, while supply is increasing in certain zones—especially in areas concerned with earthquake risks or heavy foreign population density.
When Should You Sell Your Property Now?
1. If the Property is Old and Not Earthquake-Resistant
Old properties—especially in cities like Istanbul, Izmir, Bursa, and coastal areas—are witnessing declining interest due to earthquake concerns. These properties are losing value both in terms of sale and rental potential.
Best solution: Sell the property or participate in urban renewal projects, if available.
2. If the Property is in an Unfinished Future Development Area
Areas like the Istanbul Canal corridor or northern parts of the city still have slow-moving government projects, making them a long-term hold with no short-term return.
The better investment now is in income-generating properties (residential or commercial rentals) rather than waiting for years for land value appreciation.
3. If the Property is in a High-Density Foreign Area
Some districts, like parts of Esenyurt or Beylikdüzü, have a very high concentration of foreign residents. This has led to lower demand from locals, increased supply, and falling prices.
If you own a vacant property in such areas that’s not generating income, selling now may be the right decision.
When Should You Not Sell Your Property Now?
1. If the Property is in an Old District but a Modern Complex
These properties combine good locations with modern, earthquake-resistant construction—making them increasingly in demand. Buyers today are actively seeking safe, familiar, and structurally sound properties.
Owning such a property gives you an excellent opportunity to benefit from upcoming price increases.
2. If the Property is Commercial (Shops or Offices)
Commercial properties offer higher rental returns than residential ones. They also retain their value better during crises and are more attractive to both Turkish and local investors.
Rental price increases for commercial units can reach up to 50% annually, so selling now is likely a loss-making decision.
3. If the Property is Under Construction
Many investors believe that selling during construction will save them from market fluctuations. However, new constructions today are built with stronger, more modern standards, making them more desirable in the future.
Strict municipal regulations and improved building quality make these properties far more appealing than those built five years ago or more.
4. If You’re Afraid to Rent Due to Legal Issues
The situation has changed. Turkish courts and municipalities have introduced new regulations to protect landlords, especially if an eviction notice is signed alongside the lease.
Renting the property for even 2–3 years is better than leaving it vacant, as it helps avoid loss of annual income and value depreciation.
Decision Summary: Balance Between Logic and Strategy
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✅ Sell Now If… |
❌ Don’t Sell If… |
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The property is old and not earthquake-resistant |
The property is new or in a modern complex |
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It’s located in an uncertain development area |
It’s a commercial unit (shop or office) |
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You have no rental plans and it’s vacant |
It’s under construction with strong specs |
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There’s high foreign density in your area |
Good rental potential with legal protection |
✨ Final Word
The Turkish real estate market is undergoing a correction phase—but it’s not the end of the game.
Success in this market doesn’t come through randomness or haste, but through understanding the trends, reading the data, and consulting with experts.
“Keeping your property today may be tomorrow’s best investment—if you know what you own, and where you own it.”