prices of apartments in Istanbul

Through this article, we will learn about everything related to apartment prices in Istanbul. Follow us ..

Will the prices of apartments rise in Istanbul? This is the question that arises among investors and those interested in the real estate market in Istanbul, as Istanbul is one of the largest, busiest and most diverse cities in Turkey, witnessing continuous improvement in infrastructure and strong economic development and these factors play an important role in determining apartment price trends in the city.

Let's, through this article, get to know everything related to the prices of apartments in Istanbul.

What are the factors affecting the prices of apartments in Istanbul?

1. The location is one of the most important factors affecting the prices of and special neighborhoods and areas close to public transportation and essential services such as schools, hospitals, and malls often see higher prices.

2. The size and layout of the apartment plays a role in determining the price and generally, larger apartments are more expensive than smaller apartments, as apartments with luxurious finishes and modern design may also be more expensive.

3. Supply and demand have a significant impact on the prices of apartments in Istanbul and if there is a high demand for real estate in a particular area, the price of apartments in that area may increase, and on the other hand, if there is a large supply of apartments in a particular area, this may lead to lower prices.

4. Urban development and structural improvements play a role in determining apartment prices. Istanbul is witnessing rapid development in infrastructure and new real estate projects, and this can affect the value of apartments in the surrounding areas.

Types of apartments in Istanbul

Studio apartments: These are small apartments that usually consist of one room, combining the living room, bedroom and kitchen in the same space and it is suitable for individuals or couples looking for simple and low cost accommodation.

One-room apartments: It consists of one bedroom, along with a living room, kitchen, and bathroom and it is a popular choice for singles or young couples.

Three-bedroom apartments: with three bedrooms and additional living, dining, kitchen and bathroom space, they are a popular choice for larger families.

Penthouses: Usually found on the upper floors of buildings and featuring a unique design and panoramic views, penthouse apartments are luxurious and feature outdoor spaces such as terraces or private gardens.

Apartments in residential complexes: This includes closed residential complexes that provide a range of facilities such as swimming pools, gyms, and gardens.

Advantages of investing in apartments in Istanbul

1. Istanbul is considered one of the largest real estate cities in the world, and it witnesses an active real estate market, which means that there are many investment opportunities and a variety of options available to investors.

2. It is a meeting point between European and Asian continents, which makes it one of the most attractive destinations for real estate investment and the strategic location enhances the demand for real estate in the city and contributes to the increase in real estate value over time.

3. Witnessing an increase in the demand for housing, whether from residents, local residents or tourists, residential apartments are among the most important required residential units, ensuring continuity of demand and an opportunity to achieve a good financial return from leasing.

4. Istanbul is witnessing a continuous growth in real estate value, especially in exclusive and desirable areas and the increasing demand, urban development and large government projects enhance the value of real estate, giving investors the possibility of achieving good investment returns.

5. Thanks to the high demand for housing in Istanbul, investors have the opportunity to rent apartments easily and achieve huge financial returns during the tourist seasons.

6. Turkish citizenship can be obtained by purchasing an apartment worth $400,000.

7. Possibility of obtaining real estate residency by purchasing an apartment worth $75,000.

8. A Turkish passport can be obtained after granting you Turkish citizenship, enjoying the rights of a Turkish citizen, and benefiting from free services.

9. Istanbul is known for its many infrastructure projects, such as: the new Istanbul airport, highways, and the new Istanbul Canal.

10. You can take advantage of the tax incentives offered by the Turkish government to those wishing to start their real estate investment in Turkey.

How to choose apartments in Istanbul suitable for investment

1. Choose apartments located in vital and desirable areas of Istanbul, look for areas that have basic services such as schools, hospitals, and commercial centers, and are close to public transportation and public facilities.

2. Make sure that the apartments you intend to buy have high build quality and good finishes, so examine the materials used in construction and interior design, as this affects the attractiveness and value of the apartment.

3. Check the housing demand and supply in the area in which you intend to invest, and be sure to choose an area with strong demand and a lack of supply.

4. Calculate the costs associated with the apartment, such as the purchase price, maintenance and taxes, and compare them with the potential income from renting and make sure that the expected return is commensurate with your financial investment.

5. Look at urban development, government projects, and structural improvements in the target area.

The most promising areas for buying apartments in Istanbul

Besiktas: It is considered a modern and prestigious urban area located in the city center, characterized by its close proximity to tourist attractions, commercial and cultural facilities, in addition to its stunning views of the Bosphorus Strait and it is considered one of the most desirable areas for investors who are looking for comfort and distinction.

Sisli: It is considered a thriving and diverse area on the European side of Istanbul, which includes many luxurious residential complexes and modern facilities, in addition to parks and green spaces and the area is also characterized by the presence of large shopping malls, restaurants, and cafes, which makes it an ideal destination for living and investment.

Maltepe: It is located on the Asian side of Istanbul and is famous for its picturesque landscapes and beautiful lakes and it is a quiet and refreshing area, characterized by the presence of luxury villas and residential complexes and it is an ideal place for investors who are looking for peace and relaxation in a charming natural environment.

Common questions

What are the factors affecting the rise in apartment prices in Istanbul?

The main factors include demand and supply, urban development, government investments, political and economic stability, and availability of facilities and services.

What is the current situation of apartment prices in Istanbul?

Prices can vary according to the region, location, space, and finishes and in general, apartment prices in Istanbul have increased in recent years due to the increasing demand.