A Comprehensive Guide to Property in Istanbul (How, Where?)

Due to some economic crisis on the real estate and new home construction industry in Turkey, both the costs in the business and the prices in the real estate have fallen down in the recent years. However, this situation is a great opportunity for the investors to buy property in Istanbul, also in Turkey. Also this the best time to invest in real estate in Istanbul.

Whether you are looking for a main residence, great houses, a secondary one, apartments, flats, holiday homes, or merely a rental investment, Istanbul is one of the perfect cities in the world to invest in.

Istanbul – a welcoming city

Coming for buying a resident home, apartment, holiday home or for coming to live here, Istanbul is an enticing, exciting and lively city that you won’t get bored. The pretty and prestigious neighborhoods of the city offer fantastic way of life here.

The city is an excellent combination of two continents linking Asia with Europe. The city is the largest one in Turkey, as well as the biggest financial and cultural center. This huge metropolitan city is home to 15 million residents and also one of the top 20 most visited cities in the world.

The proximity of the Istanbul and the surrounding areas through Marmara region to both New Istanbul Airport (IST) and Sabiha Gokcen Airport (SAW) also has a very positive effect for buying a property in Istanbul. New Istanbul Airport (IST) is one of the major airports in Istanbul and also in the world.

Where to buy?

* The central city districts, the districts of Bosporus European and Asian coastline have the most valuable properties, luxury residences and homes.

* There are variety of new projects mostly built in high-rise tower complexes with shopping malls, restaurants, many other facilities all under one roof which takes the attraction of the investors in Turkey.

* Besiktas, Bakirkoy, Kadikoy, Beykoz, Sariyer, Adalar, Uskudar, Sisli, Zeytinburnu and Beyoglu (in order) are the most expensive districts in Istanbul.

* Bebek, Etiler, Ulus, Fenerbahce, Caddebostan, Suadiye and Atasehir neighborhoods are the most prestigious places in Istanbul and they offer luxury new built residents, houses and apartments at very good prices compared to those you can find in Europe or overseas.

* The districts on the outskirts of Istanbul such as Beylikduzu, Avcilar, Sancaktepe, Silivri, Catalca, Sultangazi and Basaksehir (in order) are the cheapest ones.

Best places to live in Istanbul

European side

  • Beyoglu, Sisli, Cihangir, Besiktas, Ortakoy, Sariyer, Bakirkoy, Yesilkoy, Fatih

Asian side

  • UskudarKadikoy, Moda, Acibadem, Bostanci, Atasehir, Suadiye, Maltepe

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

Read more on our Best Places to Buy Property in Istanbul page.

Cost of Accommodation

* While the average price of a standard 3+1 flat in Istanbul is around 4.500 TL, it can go down to 4.250 TL in 1+1 houses and studios. Prices have increased by 29.02% in the last year and by 400.48% in the last 10 years, and the average rental return period is 20 years.

* The average price of a 100 square meter house purchased in Istanbul was between 750,000 TL and 1,250,000 TL. Also the average square meter prices of properties for sale is around 11,500 TL in Istanbul, 5,150 TL in Ankara and 9,000 TL in Izmir.

* The average home rental price for whole Istanbul is about 35 TL per square meters, which means a 100m2 flat renting price is between 3500 TL.

* The home rental prices for the cheap districts and neighborhoods are between 20 TL per square meters, which means a 100m2 flat renting price is between 2,000 TL.

* And it rises up to 10,000-15,000 TL on the Istanbul city center districts and on the districts that are home to universities.

* Furnished flat prices are like %25-30 more expensive. Also note that the average home rental prices rise about %30 percent each year in Istanbul.

* Besiktas and Sariyer districts are the most expensive ones by means of home rentals with an average home rental price 7,500-9,500 TL. And than comes Bakirkoy with an average home rental price 6,000 TL, and about 5,000 TL for Kadikoy and Beykoz.

Why buy?

* Istanbul and surroundings offer many great projects of newly built residences, houses, apartments, holiday homes and luxury villas or land with sea view or mountain view for sale with very reasonable prices that allow investors a high investment return. The property market in Istanbul is very attractive for investors from all nations.

* Property in Istanbul is among the best in Turkey that the buyers will sure enjoy living in the city, as well as the investors may enjoy a wealth of rental possibilities and income prospects.

* Istanbul and surroundings offer sun, sea, stunning views and beautiful scenery, friendly people, value for money, freehold properties, low cost of living, potential EU accession and great investment opportunities.

* Buying a property in Istanbul is an ideal investment as the city offers very reasonable prices especially for foreign buyers. Average prices of the houses, homes, villas and apartments in the region have raised about more than a hundred percent since 10 years.

* Foreign property buyers may benefit from the really low prices of the real estate in Istanbul, as well as cost of living. Istanbul also have a great investment return in the form of rental income as most of the properties in the city offer 12 months rental potential.

* Another great opportunity is that the Turkish Lira has fallen down since 1 year, which means the major foreign currencies are like %40 more valuable than the TRY. And while the prices of the real estate in Istanbul have fallen down at the same time, especially foreign investors will benefit twice from this point of view.

How to buy property in Istanbul?

First of all, you need to make up your mind to buy a property in Istanbul. Should decide you’ll buy it for living or for investment. And than you’ll need to find the proper location that best suit your need in the idea of your buying a property in Istanbul. After you chose the location, it is up to you whether you find a trusted estate agent or you make the research by yourself. The buying property process is very easy that you can complete all the paper works, payments, transactions and take your title deed in one day at the Land Registry offices. Read more on our How to Buy Property in Istanbul page.

Possible traps

There are so much newly built residences, apartments and villas in Istanbul since 5 years, that there were nearly more places to live than the inhabitants of the city. Some of these new building can be considered as situated so far away from the city center, don’t have so much access to public transportation, has flats with very low prices but can not be a good deal.

You’ll need to pay a lot of attention when taking information about these places, their locations and opportunities from the realtors. Anyways there are numerous good deals in Istanbul for sure that you won’t want to miss as the city is a great destination and place to live and has all the necessary facilities and opportunities to its inhabitants.

Get a Free Quote & Consultation for buying a property in Istanbul from the authorized expert team of professionals

Are you planning to move to Istanbul or invest in a property? As being team of Istanbul insiders that has been living in the city for more than 40 years, we are very aware with real estate in Istanbul. We are in partnership with Istanbul Homes ® (an international overseas property company operating since 2004, also with brands Antalya Homes, Trabzon Homes, Bursa Homes and Spain Homes) and can assist you throughout your journey of finding your dream home in Istanbul. Their team of experts is committed to making your property buying experience hassle-free and enjoyable.

They have a multicultural structure with a team of more than 100-people from 17 different countries. Their team speak more than 20 different languages including English, Turkish, Dutch, Swedish, Russian, German, French, Arabic, Persian, Chinese, Spanish, Pashto, Urdu, Punjabi, etc.

They serve property for sale service in whole and have offices located in Cevizlibağ (Istanbul Europe), Göztepe (Istanbul Asia), Lara (Antalya), Konyaaltı (Antalya), Alanya (Antalya), Belek (Antalya), Döşemealtı (Antalya), Ankara, Bursa, Bodrum (Mugla), Fethiye (Mugla), Mersin, Trabzon, Yalova and the Turkish Republic of Northern Cyprus.

You can get recommendation and find your property in Istanbul with the "Best Price Guarantee", which means that you won't find the same property cheaper anywhere else. In addition, you will get "before and after sales" services from this Turkish government authorized real estate agency.

What You'll Get?

  • Free Consultation: Istanbul Homes ® team of experts will provide you with a free consultation to understand your requirements and guide you through the entire process of buying a property in Istanbul.
  • Property Search: They have a vast database of properties in Istanbul. You'll be assisted in finding the perfect property that meets all your requirements.
  • Viewing Trips: You can get viewing trips to visit the properties that you are interested in. Expert team will be with you every step of the way to answer all your questions and provide you with expert advice.
  • Legal Assistance: You'll get legal assistance throughout the entire process of buying a property in Istanbul. Expert team will ensure that all legal requirements are met and that the entire process is hassle-free.
  • After Sales Services: You'll also get after-sales services to ensure that you'll settle in smoothly in your new home. You'll be assisted with all the necessary paperwork and any additional services you may require.

They Guarantee

  • Istanbul Homes ® and we are Istanbul Experts! We know all the best places and projects in Istanbul.
  • They only recommend "Safe and Secure" properties where you can get your title deed without any problem.
  • They offer easy payment plan properties according to your budget. We are the inventors of the first credit to foreigners from Construction Company in Turkey since 2008.
  • Best Price Guarantee! They guarantee you that compared to other estate agents you will not be able to buy the same property cheaper than with Istanbul Homes ®.
  • Trusted! They only work with trusted constructors that we personally know and trust. Zero failure since 2004.

You can directly reach Istanbul Homes ® service with us via the Whatsapp button below, or by filling out the property information request form below.

Contact Istanbul Homes via Whatsapp > +905495490053

Upon submitting the form, Istanbul Homes' team of experts will provide you with a free consultation to understand your requirements and guide you through the entire process of buying a property in Istanbul. Also note that by submitting the form or Whatsapp, you'll get special discounts as being our website visitor.

It's free to try Istanbul Homes ® with us out. You can be sure that you'll not only get great property deals, but also get assisted about how it is to buy a property in Turkey, process, advice on the top areas, things you should know and aware, free viewing tour, bank account opening, obtaining tax number, insurance, tapu services, furnishing your apartment and any other questions you may have, even the most ridiculous ones.

When submitting the form, please mention;

  • Property type (apartment, flat, commercial, villa, land, etc.)
  • Possible locations (Fatih, Besiktas, Kadikoy, Bakirkoy, Beylikduzu, Atasehir, etc.)
  • Number of rooms (studio, 1+1, 2+1, 3+1, 4+1, 5+1, 6+1 etc.)
  • Reason to buy (investment, living, citizenship, etc)
  • Budget
  • How you want us to get back to you (direct phone call, WhatsApp, e-mail, etc.)


    The content on our page is only for informational purposes. We do not sell property.

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