VS Partners’ 2024 Year-End Turkiye Real Estate Market Overview research report is published!

Our research report includes the latest data, our market evaluations and future outlook regarding the retail, office, logistics and residential markets, along with the real estate investment market. Our key findings are as follows:

• Economic Outlook: Türkiye’s economy continued its transition toward tighter monetary policy aimed at restoring macroeconomic stability.
• Capital Markets: Cautious and discounted pricing approaches have been observed due to high financing costs, leading to an adjustment on return expectations.
• Retail Market: Retailer demand was selective following portfolio optimization, while international brand entries gained pace in 2024.
• Office Market: In 2025, lease renewals and renegotiations are expected to be active, particularly among tenants who signed leases during the pandemic period.
• Logistics Market: Build-to-suit and sale & leaseback structures gaining momentum due to high financing and development costs in the logistics market.
• Residential Market: Despite high mortgage rates, total residential sales recorded a notable increase, driven largely by the perception of a market correction in pricing.