One of the common questions among those interested in the real estate sector in Istanbul is whether Apartment prices in Istanbul 2024, so are high. Is it low and appropriate? Or is it high and only those with high budgets agree with you?
. Is it low and appropriate? Or is it high and only those with high budgets agree with you?
Given the importance of this topic, we chose to shed light on it and separate parts of it in this article. We wish you a useful follow-up.
Are apartment prices in Istanbul high?
Istanbul is one of the most expensive cities in Turkey with the average rent being around $1,500 per month, which is much higher than the average rent for an apartment in other Turkish cities such as Ankara and Izmir.
There are several reasons behind the high prices of apartments in Istanbul. Firstly, the demand for apartments in Istanbul is very high and there are a lot of people who would like to live in it because it is the largest city in Turkey and has a lot to offer.
Another reason for the high prices in them is the lack of supply as there are not enough apartments to meet the demand of all the people who want to live in them and this means that the landlords can charge high rents because they know that people are willing to pay these prices.
If you are looking for an apartment in Istanbul, you will need to be prepared to pay a higher price than you would pay for an apartment in other Turkish cities. However, living in it will give you access to a great lifestyle and many opportunities that you would not have had if you lived elsewhere.
Factors determining apartment prices in Istanbul
Several factors play a role when determining the prices of apartments in them, and the following are some of the most important of them:
- As with any property, location is key and apartments in central areas will always be more expensive than those in less desirable areas.
- Larger apartments will, of course, cost more than smaller apartments but don't forget to also take into account the building size as an apartment in a large complex with many facilities will be more expensive than a small apartment in a more modest building.
- An apartment with a stunning view of the city or the Bosphorus will cost more than an apartment overlooking a busy alley or street, for example, but even apartments with less-than-ideal views can be more expensive if they are located in prime areas.
- Speaking of amenities, an apartment with parking, concierge, gym and other luxury features will cost more than an apartment without any of these things but remember that you will also have to pay higher monthly fees as the features and amenities increase.
Sariyer district is one of the most expensive areas of Istanbul
Sariyer is located on the European side of Istanbul and is bordered by the Bosphorus Strait. It is one of the most expensive areas in Istanbul, as it has a large number of luxury apartments and villas.
It is home to several of the most prestigious schools and universities in Istanbul and there are also several hospitals and medical facilities in the area.
It is a popular tourist destination due to its many historical attractions and proximity to the Bosphorus, and the area is also home to several restaurants, cafes, and bars.
Maslak district in Istanbul is heaven for the wealthy
Maslak is one of the most popular areas in Istanbul for the wealthy, as it is home to many luxury apartments and villas, as well as several five-star hotels, and is also home to several embassies.
Maslak has a wealth of shopping and dining options, as well as several parks and green spaces, and is also well connected with good public transport links to the rest of the city.
The cheapest apartments for sale in Silivri
Silivri is suitable for buying apartments at cheap prices, the climate is mild, the scenery is beautiful, the people are friendly, there are many schools and hospitals in the area, transportation is good, and there are many parks and recreation areas.
Apartments for sale in Esenyurt at moderate prices
Esenyurt Municipality is investing in various infrastructure projects to make the region more livable. These projects include the construction of new roads, parks, and schools.
It is well connected to other parts of Istanbul via public transportation as there are many bus routes connecting Esenyurt with other parts of the city.
Due to the municipality's investments, prices in Esenyurt are relatively low compared to other areas in Istanbul, making it a good option for those looking to buy an apartment on a budget.
Ways to buy cheap apartments in Istanbul
Off-plan apartments are usually the cheapest option, as the construction company sells the units at a discount to get people to buy early and help finance the project. These units are often located in undesirable areas or on the outskirts of the city.
Also, rural areas are generally cheaper than urban areas so if you don't mind living outside the city you can find some great deals and these apartments are usually older and in need of some renovation.
Old apartments that need renovation are also generally cheap and if you feel like working you can find some real opportunities for a fraction of the price of a new or even slightly used unit.
Advantages of buying apartments in Istanbul through a specialized and reliable real estate company
One of the main advantages is that you will have peace of mind knowing that you are working with a reputable company that has your best interest in mind. Another advantage is that you will be able to find the perfect apartment for your needs and budget without having to spend a lot of time and effort in random searches due to your lack of experience and prior knowledge of the Characteristics of this process In addition, the specialized real estate company will be able to provide you with all the information and resources necessary to make an informed decision regarding the purchase of the apartment, as real estate markets in general are in constant development and change.
309,000$
Istanbul Europe,
Bahçelievler,
Under construction
2024-12-31
9,285,000$
Istanbul Europe,
Eyüpsultan,
Under construction
2024-12-01
530,000$
Istanbul Europe,
Zeytinburnu,
Under construction
Advantages of buying a property in Turkey with Number One Real Estate:
Number One is one of the leading real estate investment companies in Turkey, providing all kinds of real estate services within the Turkish real estate market
We offer our clients all types of real estate from
Villas for sale in Istanbul by the sea, cheap real estate for sale in Istanbul, office apartments and shops in various regions of Istanbul, apartments within the most luxurious residential complexes in Turkey, we take care of the procedures for obtaining Turkish citizenship and real estate residence
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