In the wake of a recession in the real estate industry and construction of new homes in Turkey The costs for the industry and rates in the real estate market have decreased in recent times. This provides a wonderful chance for investors to invest in properties in Istanbul as well as in Turkey. It is also the perfect opportunity to invest in property in Istanbul.
If you’re looking for an ideal main residence, fantastic houses, secondary ones apartment or flats, holiday homes or simply renting out your property, Istanbul is one of the most desirable cities around the globe that you can invest your capital in.
Istanbul is a warm city
Looking to buy a property, apartment or holiday home, or moving here to live, Istanbul is an enticing vibrant, lively and exciting city where you will never be bored. The charming and elegant areas of Istanbul offer a the best lifestyle in Istanbul.
The city is a great blend of two continents, connecting Asia and Europe. It is also the biggest one in Turkey and is also the most important cultural and financial city. This sprawling city has 15 million inhabitants and is among the 20 top most frequented cities around the globe.
The closeness of Istanbul and the areas around it through the Marmara zone to New Istanbul Airport (IST) and Sabiha Gokcen Airport (SAW) is a positive impact on buying a home in Istanbul. New Istanbul Airport (IST) is among the most important airports in Istanbul as well as around the world.
Where can I buy?
Central city district, and the district that are located along the Bosporus European as well as Asian coastlines have the most expensive houses, luxurious residences, and residences.
There are a variety of new projects , most of which are built in towers that are high-rise and have restaurants, shopping malls, and various other facilities, all in one location that attracts investor in Turkey.
* Besiktas, Bakirkoy, Kadikoy, Beykoz, Sariyer, Adalar, Uskudar, Sisli, Zeytinburnu and Beyoglu (in order) are among the most expensive districts of Istanbul.
* Bebek, Etiler, Ulus, Fenerbahce, Caddebostan, Suadiye and Atasehir neighborhoods are among the most sought-after areas in Istanbul and they provide luxury homes, new-built residents and apartments that are priced at a very reasonable rates compared to what that you will find in Europe or in other countries.
* The areas on the fringes of Istanbul like Beylikduzu, Avcilar, Sancaktepe, Silivri, Catalca, Sultangazi and Basaksehir (in order) are the cheapest .
The most desirable cities where you can live Istanbul
European side
Beyoglu, Sisli, Cihangir, Besiktas, Ortakoy, Sariyer, Bakirkoy, Yesilkoy, Fatih
Asian side
Uskudar, Kadikoy, Moda, Acibadem, Bostanci, Atasehir, Suadiye, Maltepe
The best places to invest in Istanbul
European side
Besiktas, Taksim, Sisli, Bakirkoy, Basaksehir, Beylikduzu, Arnavutkoy (near IST airport), Bahcelievler, Kucukcekmece
Asian side
Uskudar, Kadikoy, Sancaktepe, Cekmekoy, Umraniye, Atasehir, Bostanci, Maltepe, Kartal, Pendik
When looking for a house for sale in Istanbul make sure you contact the experts at Prime Property Turkey…
Cost of accommodation
* Although the median price for a typical 3+1 apartment in Istanbul is about 4.500 TTL. It could drop to 4.250 TL for 1+1 studios and houses. Prices have risen by 29.02 percent over the past year, and by 400.48 percent in the past 10 years. The average return on rental has been set at 20 years.
* The cost of 100 square meters of home purchased from Istanbul ranged from 750,000 to 1,250,000 TTL. Also , the average price per square meter of homes for sale range from 11500TL within Istanbul 5150TL for Ankara and 9,900 to 9,000 TL in Izmir.
* The typical cost of renting a home in Istanbul is around 35 TL for each square meter This means that the flat rental price for a 100m2 area is anywhere between 3500 and 3500 TL.
* The prices for home rentals for the low-cost neighborhoods and areas are around 20 TL per square meter that is, a 100m2 flat rental cost is anywhere from 2500 to 2,000 TL.
* Then it increases to 10,000-15,000TL on the Istanbul district of the city center and on districts where universities are located.
Furnished flats are about %25-30 higher. Additionally, note that the average rent for a house increases around 30 percent per every year, in Istanbul.
* Besiktas and Sariyer districts are among the most expensive in terms of rental homes with an average rental cost of 7,500 to 9,500 TL. Then comes Bakirkoy with an average rental of at 6,000 TL and around 5,500 to TL in the case of Kadikoy along with Beykoz.
Why should you buy?
* Istanbul and its surroundings are home to many amazing projects, including newly constructed homes, apartments, residences vacation homes and luxurious villas , or land with a mountain views or sea views available for sale at very affordable costs that offer investors to earn a substantial investment return. The market for property in Istanbul is extremely attractive to investors from all over the world.
* The property that is located in Istanbul ranks among the most desirable in Turkey which means that buyers will surely be happy living in and investors will be able to take advantage of a wide range of rental options and income potential.
* Istanbul and the surrounding areas offer the sun, the sea, stunning views and stunning scenery and friendly people. They also offer good value for money Freehold properties and low costs of living, the possibility of EU accession, and excellent investment opportunities.
* Buying a home in Istanbul is a great investment since the city has affordable prices, particularly to foreign purchasers. The prices for villas, houses, homes and apartments in the area have increased 100 percent over the last 10 years.
Foreign buyers of property could take advantage of the cheap prices for property in Istanbul and also the living expenses. Istanbul is also an excellent investment opportunity in the form of rental income since the majority of the properties within the city have 12 months rental possibilities.
Another excellent opportunity is the fact that the Turkish Lira has been falling from 1 year ago that means that the main foreign currencies are a little bit more valuable than the Turkish Lira. In addition, the costs of real estate market in Istanbul have sunk in the same period particularly foreign investors will profit two times from this point of perspective.
What is the best way to purchase real estate in Istanbul?
The first step is to must make a choice to purchase a property in Istanbul. If you decide to buy the property for your own use or as an investment. Then you’ll have to determine the place that is best suited to your requirements in the case of buying a house in Istanbul. Once you have decided on the location it’s your choice to choose to work with a reputable estate agent or do the search on your own. The buying process for property is simple enough to complete all paperwork as well as transactions, payments and even get your title within a single day at the Land Registry offices.
Potential traps
There are so many new apartments, residences as well as villas Istanbul in the last 5 years that there were more housing options than people living in the city. A few of these buildings are in a remote location from the city’s centre and don’t have accessibility to public transportation. offers flats at very affordable prices, but may not be considered a bargain.
It is important to pay attention to attention when looking up details about these locations as well as their location and potential from realtors. There are plenty of great bargains in Istanbul which you should not leave as the city is an excellent location to visit and live in and offers all the essential services and opportunities available to its residents.