Is It Worth Buying Property in Turkey When Prices Have Risen Sharply?

When a buyer's home currency weakens, buying a home in Turkey becomes more expensive. Prices for seaside property in Turkey, converted into a weaker currency, can almost double. Developers on the Turkish coast quote prices in euros, so what matters most is how your currency moves against the euro.

Buying property in Turkey with a weaker currency: the benefits

Still, it would be wrong to say that buying a home in Turkey in 2026 is a bad investment for such buyers. Let's see why.

Even taking into account the higher price caused by exchange rates, property in Turkey in 2026 is a good investment.

It allows the whole family to spend holidays there without extra hotel costs.

By buying Turkish property, you will gradually recover its cost by renting it out while you are away. Demand for apartments and houses on the Mediterranean remains consistently high. Alanya, Kargıcak and Mahmutlar attract tourists from many countries, whose spending power does not depend on the exchange rate of any single currency. This means you can earn a steady rental income that covers the property's running costs and gradually "returns" your money. In 2025, Antalya Province, which includes Alanya, welcomed a record 17.12 million tourists.

Property in Turkey: prices in 2026

Today you can buy property in Turkey at an affordable price: apartments by the sea in Alanya start at around €53,000 (this is what an apartment of about 50 m² costs at the average price per square meter in Alanya, according to Endeksa for July 2026). Judging by 2026 listings, such an apartment can be rented out for TRY 15,000–25,000 (about €270–€450) a month.

Apartment in Alanya	In euros	In lira
About 50 m² at the average price per square meter	about €53,000	about TRY 2.9 million
A 2+1 of about 90 m² at the average price per square meter	about €96,000	about TRY 5.3 million
Entry price in Yekta Homes complexes	from €103,000	about TRY 5.7 million

The average price per square meter in Alanya is TRY 58,717 (Endeksa, July 2026). Conversions use the Central Bank of Turkey exchange rate on October 6, 2026: €1 = TRY 55.19.

Property in Turkey: prices in foreign currency

Buyers who held their savings in euros or dollars before their own currency weakened can buy a home in Alanya at a good price in foreign currency. Before converting savings into another currency, including Turkish lira, it is worth assessing the currency risks: the lira loses value faster than the euro, and developers on the coast quote prices in euros.

At 2026 prices, you can buy a home on the Turkish coast from €53,000, which is much lower than on many other European coasts.

For a buyer paying in foreign currency, the dynamics of Turkish prices themselves also matter. In lira, homes became 23% more expensive in the year to August 2026, but adjusted for inflation they became 6.5% cheaper. As a result, coastal prices in euros are currently almost flat. We cover market price trends by year and city in our market overview.

Is It Worth Buying Property in Turkey When Prices Have Risen Sharply? photo-5

How to reduce currency risk when buying

Pay in the same currency as the price. Apartments on the coast are sold in euros. Before converting your savings, assess the currency risks: if you buy currency in parts on the day of each payment, the final amount depends on the exchange rate.
Choose an installment plan in euros. Yekta Homes offers installment plans for 24 and 36 months on all projects: the payments in euros are known in advance, although their value in your own currency will depend on the exchange rate.
Plan the money transfer in advance. Turkish banks check large incoming international payments carefully, so it is best to agree on the route with the bank before paying a deposit.
Consider the currency of your rental income. Long-term tenants in Turkey pay in lira, and the lira loses value faster than the euro. Short-term rentals to tourists are more often paid in euros, but they require a ministry permit.

"Buyers often wait for a 'convenient exchange rate', while the price of the apartment in euros changes more in that time than the rate does. We advise calculating your budget in euros and spreading payments with an installment plan: it makes planning easier," says a sales manager at Yekta Homes.

Property Purchase Procedure in Turkey for Foreigners

How to Get a Mortgage in Turkey: Conditions for Foreigners

Who should not buy right now

Those whose entire income is in a weak currency and who have no foreign currency savings. The value of installment payments in your own currency will change with the exchange rate.
Those counting on a quick resale at a profit in their own currency. The result depends on two exchange rates at once, euro to your currency and euro to lira, and capital gains tax on a sale within 5 years reduces the return.
Those planning to finance the purchase with a Turkish bank mortgage. Loans are issued in lira at 34–39% a year, and approval is hard to get for a borrower whose income is abroad.

Each of these situations can be foreseen. In such cases, buyers usually choose a smaller apartment, an installment plan in euros or postpone the purchase until they have saved enough in foreign currency.

Frequently asked questions

How much does an apartment in Alanya cost?

An apartment of about 50 m² at the average price per square meter costs about €53,000; in new Yekta Homes complexes, prices start at €103,000.

What currency is property in Turkey bought in?

On the coast, prices are most often quoted in euros. You can pay in euros, dollars, pounds or lira, as agreed with the seller.

Are Turkish property prices rising in euros?

Hardly at all. In lira, prices rose by 23% in the year to August 2026, but in real terms they fell by 6.5%, so in euros coastal prices are almost flat.

Can I transfer money from abroad to buy a property?

Yes, through official banking channels. It is best to agree on the route with the bank in advance and keep documents showing the source of the funds.

Trust Yekta Homes

You can find out more about prices for Turkish property in different currencies from Yekta Homes managers online. They will give you detailed information about available properties and help you buy a home at a good price or find a luxury villa.

The company can also organize an inspection trip for buyers who want to own a home but are afraid to choose remotely.

Working with Yekta Homes means help and support at every stage of choosing and buying property, a safe partnership and good developer prices. If you are choosing when to buy, also consider seasonal pricing: in winter, there are fewer competing buyers on the coast.