VS Partners’ 2025 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: The Turkish economy was characterized by continued policy efforts to restore macroeconomic stability, supporting the disinflation process in 2025.
• Capital Markets: While transaction activity remained selective in the high-rate environment, pricing aligned with market conditions played a critical role in closing deals.
• Retail Market: The retail sector is undergoing a shift towards a more efficiency-driven model amid moderating performance.
• Office Market: Office take-up decreased by 40% yoy, mainly driven by high rental levels, fit-out and relocation costs, and the limited availability of high-quality office space.
• Logistics Market: Leasing activity in remained resilient in 2025, reaching its highest level in the past eight years despite ongoing supply constraints.
• Residential Market: Residential sales increased by 14% yoy, reaching a record high, driven by postponed demand, investment purchases and price correction.