Istanbul is one of the most important tourist and commercial cities in Turkey, as tourists and investors from all over the world flock to it one of the most important questions that many ask about this city is: What are the prices of apartments in Istanbul? Is it high for investors and residents? Follow this article with us.
About the prices of apartments in Istanbul
The prices of apartments in Istanbul vary greatly according to the location and the neighborhood in which they are located, as, the Besiktas district in the city center is considered one of the most expensive areas in Istanbul, while prices in other areas such as Beylikduzu and Esenyurt vary widely and are considered suitable for investors and residents.
Despite the high prices of apartments in some areas, Istanbul is still one of the best cities for real estate investment in Turkey, as the demand for apartments is increasing greatly by investors and residents and the city also provides various investment opportunities in other sectors such as trade, industry and services.
Factors Affecting Apartment Prices in Istanbul
Firstly, the geographical location of an apartment is one of the most important factors affecting its price, as, apartments located in the vital and central areas of Istanbul are more expensive than those located in quiet areas far from the city center.
Secondly, the size of the apartment greatly affects its price, as the price of the apartment increases as its size increases and in this regard, it should be noted that there is a big difference in prices between one-room apartments and those with two or more rooms.
Thirdly, the age of the apartment affects its price significantly, as new apartments are more expensive than those that were built a long time ago. It should be noted that this varies according to the area in which the apartment is located. In some areas, the old property has a higher price due to its higher historical and cultural value.
Fourth, the services available in the building affect the price of the apartment, as the price increases with the increase in the available services such as swimming pools, gyms, gardens, and others and it should be noted that these services vary according to the area in which the apartment is located.
Fifth, the architectural character of the building affects the price of the apartment, as the price of the apartment increases if the building is designed in a unique and attractive style and this regard, it should be noted that these architectural styles differ according to the region in which the apartment is located.
In addition to the above, the orientation of the apartment and the floor it is located on affects its price, as, apartments that overlook landscapes are more expensive than those that overlook busy streets.
In general, it should be noted that these factors are not final, as other factors such as inflation, political and economic crises, and others can affect the price of the apartment therefore, thorough studies should always be carried out before deciding to buy or invest in real estate in Istanbul.
The most important areas for buying apartments in Istanbul
We review the most important areas that can be invested in to buy apartments in Istanbul.
1- Beylikduzu:
Beylikduzu is one of the best areas to buy apartments in Istanbul, as it has a wonderful view of the Marmara Sea and all necessary services and facilities are available in this area, such as hospitals, schools, and shopping malls.
2- Basaksehir:
Basaksehir is one of the most important areas witnessing a large population growth in Istanbul, as calm, safe, and integrated services characterize it, and a wide range of apartments in this area that suit all tastes and budgets.
3- Kagıthane :
It is one of the best areas to buy apartments in Istanbul, as it is characterized by tranquility, safety, and integrated services, in this area, there is also a wide range of luxury apartments that include all modern services and facilities.
4- Esenyurt:
Esenyurt is one of the best areas to buy apartments in Istanbul, as it has all the necessary services and facilities, such as hospitals, schools, and shopping malls in this area, there is also a wide range of luxury apartments that include all modern services and facilities.
What are the types of apartments in Istanbul?
First, we find the apartments in the apartment complexes, which consist of a group of apartments within one building these apartments are characterized by security and privacy, as they contain advanced guarding and security systems, in addition to the presence of common facilities such as the swimming pool, health club, and others.
Secondly, penthouse apartments, are among the most luxurious types of apartments in Istanbul and they are characterized by spacious spaces and stunning views of the city and often have private terraces and roof gardens.
Thirdly, studio apartments are suitable for individuals or couples who are looking for a small and comfortable space they contain a bedroom, hall, kitchen, and bathroom, and are often fully furnished
Fourth, duplex apartments, consist of two floors within the same apartment and contain bedrooms on the upper floor, while the salon and kitchen are located on the lower floor, which makes it suitable for families who need more space.
Finally, the hotel apartments, feature distinctive hotel services such as daily cleaning service and room service and also have common facilities such as a swimming pool, gym, and others.
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