Mamak, Ankara
Mamak is a high-volume residential district in Ankara where the median sale price for apartments stands at 24,200 TL/m², reflecting a significant recent correction from the 30,616 TL/m² peak recorded in mid-August 2026. The market is characterized by a strong presence of land assets (arsa) and a distinct separation between the primary apartment market and the rental sector.
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AI estimate from parcel dossier + KEOS zoning + live ₺/m² + TKGM transactions + road cession; ₺/m² computed from real listings. Not an official appraisal or investment advice.
Land · ₺/m²
670 listings · for saleMedian price ₺
for saleRent ₺/mo
7 listingsThe location's thesis.
Mamak is a high-volume, mass-market residential hub in Ankara suited for investors and buyers seeking liquidity and affordability in a correcting market. The thesis is supported by the high number of active listings (n=1,036) and the recent price normalization, which may present opportunities for value acquisition in a district with established infrastructure and broad demographic appeal.
- High mortgage interest rates (42.03%) suppress credit-driven demand, potentially limiting the buyer pool to cash purchasers.
- The recent sharp price drop (20.9% weekly decline) indicates market volatility and potential uncertainty in valuation stability.
- Ankara is located in Seismic Zone 3 with a PGA of 0.25g near the South Branch of the North Anatolian Fault, necessitating rigorous structural assessment of older buildings.
- Rental yield data is statistically insignificant (n=1), making income-based investment decisions risky without further sampling.
Housing, land, commercial and building — by type.
Konut
₺/m² · 1036 listings · high confidenceArsa
₺/m² · 670 listings · medium confidenceArazi
₺/m² · 78 listings · medium confidence₺/m² by property type.
The median price of 24,200 TL/m² for residential units (n=1,036) indicates a mature, high-supply market. The sharp drop in the weekly median from 30,616 TL/m² to 24,200 TL/m² suggests a rapid repricing or a shift in the mix of listings rather than a gradual decline. Land prices (arsa) are significantly lower at 4,537 TL/m² (n=670), highlighting a clear asset class divide. The rental median of 31,000 TL/month (n=1) is based on a negligible sample size, making direct yield calculations unreliable; however, the high sale prices relative to this single rental point suggest that cash-flow yields may be compressed, favoring capital preservation over immediate rental income.
Surroundings & transit.
As a major district in Ankara, Mamak serves a broad demographic, supported by the high volume of listings which implies robust local demand and transit connectivity. The lifestyle profile is likely utilitarian and residential, catering to a large population base rather than a niche luxury segment. The presence of significant land inventory (arsa) suggests ongoing urban development or densification potential within the district.
Recent developments.
2026-08-16
2026-08-22
2026-08-29
Investment assessment
This neighbourhood represents a volume-driven market where the recent price correction (from ~30.6k to ~24.2k TL/m²) may offer entry points for buyers sensitive to the high mortgage interest rate of 42.03%. The wide dispersion between apartment prices and land values suggests that investment efficiency depends heavily on whether the buyer targets built-up residential units or development potential. The high transaction volume (1,036 examples) provides liquidity, but the current macro environment (high credit costs) likely restricts demand to cash buyers or those with existing financing, creating a buyer’s market for well-priced units.
Not a hard forecast; inference from observed trend + macro context. Not investment advice.
Related Regions
This analysis relies on regional listing data (satılık/kiralık), macroeconomic indicators from TCMB (interest rates, USD/TRY), and seismic zone classifications. It does not include specific building inspections, individual property zoning details (KEOS), or broader economic forecasts beyond the provided data points.