Apartment prices in Istanbul
Apartment prices in Istanbul
Apartment prices in Turkey are generally cheap to relatively average compared to countries with parallel civilizational development. In order to know the prices of apartments in Istanbul and the factors affecting their increase or decrease, we have provided you with all the information related to that, In addition to mentioning the most important promising areas in which it is recommended to purchase, Simply buying it is a profitable investment opportunity in the near or medium term.
Apartment prices in Istanbul
Istanbul achieves the highest price growth rate among Turkish cities in the real estate market, This is due to the increasing demand for buying apartments there.
On the other hand, prices can be classified into four levels as follows: But keep in mind that in some areas you can find apartments of all levels.
level one : Popular
This level of apartments has cheap prices and its apartments are located in popular areas of the city (outside residential projects), where prices start from 30 thousand US dollars for a two-room apartment and a living room. In the same context, the most famous areas where apartments can be found at these prices
Second Level : Average
The prices of apartments at this level range between one hundred thousand and two hundred thousand US dollars for a two-room apartment and a living room. On the other hand, apartment owners at this level are allowed to obtain residency, It is also possible to buy an apartment within a residential complex at this price in some areas
The most important areas where there are apartments within these price ranges
Ofjalar
The third level : Luxury
Owners of this level of apartments enjoy the most beautiful areas and views in Istanbul. Prices for two-bedroom apartments and a living room start from 300 thousand US dollars, and it is one of the most famous areas that Arabs prefer to buy and settle in.
On the other hand, everyone who buys a property for $400,000 or more obtains Turkish citizenship immediately after obtaining the title deed. The procedures do not exceed a few months.
fourth level: Golden
Apartment prices for this level start from 700 thousand US dollars. It also exceeds this number by far, exceeding one million dollars. On the other hand, apartments of this level of luxury and sophistication can only be found in limited areas and with imaginative specifications. As the most important areas for apartments of this level are located in
Factors affecting apartment prices in Istanbul
- Proximity to transportation lines, especially trains and metrobuses
- The apartment area is in addition to the proximity to service institutions
- The apartment’s area and the quality of finishes
- The apartment is located in a residential complex or outside it
The best areas to buy an apartment in Istanbul
Certainly, buying an apartment in Istanbul is one of the best things for anyone who wants to settle or invest in Turkey, but some areas remain better than others in that these areas are headed towards development and transformation into areas with strong economic activity, and the most important of these areas are, for example
- Beylikduzu is located between the Sea of Marmara and the vital road E5
- Basaksehir is in the north of the European section
- Uskudar overlooking the Bosphorus
Today, those who owned properties in these areas five years ago have achieved excellent profit opportunities that sometimes exceeded 100 percent.
Real estate investment in Türkiye
Did you know that investors who started investing in real estate in 2015 in Turkey have now achieved profits exceeding 100 percent? Real estate investment in general and real estate investment in Turkey specifically are classified among the most important ways to preserve capital for any investor. Not only that, but also developing it in easy ways within short or medium periods of time. In recent years, the real estate sector in Türkiye has witnessed an unprecedented renaissance. He also achieved remarkable leaps at the European level.
