Istanbul, Turkey’s largest and most dynamic city, offers a wide range of real estate options for both investors and homebuyers. The cost of purchasing an apartment in Istanbul varies significantly depending on the district, property type, and potential rental yields. Whether you’re looking for an affordable studio or a luxury penthouse, understanding the price landscape can help you make an informed decision.
1. Price Breakdown by District
Istanbul’s real estate prices fluctuate based on location, with central and coastal districts commanding premium prices.
| District | Average Price per m² (USD) | Typical Apartment Price (USD) |
|---|---|---|
| Beşiktaş | $6,000 – $12,000 | $300,000 – $1,500,000 |
| Şişli | $4,000 – $8,000 | $200,000 – $1,000,000 |
| Kadıköy | $3,500 – $7,000 | $175,000 – $900,000 |
| Maslak | $5,000 – $10,000 | $250,000 – $1,200,000 |
| Beylikdüzü | $1,500 – $3,000 | $75,000 – $400,000 |
| Esenyurt | $1,000 – $2,500 | $50,000 – $300,000 |
| Üsküdar | $3,000 – $6,500 | $150,000 – $850,000 |
| Bahçelievler | $2,500 – $5,000 | $125,000 – $700,000 |
2. Property Types and Prices
- Studio & 1-Bedroom Apartments: Ideal for investors and young professionals. Prices range from $50,000 to $250,000, depending on the district.
- 2-Bedroom Apartments: Common among families and investors seeking higher rental yields. Prices typically range from $100,000 to $500,000.
- Luxury Penthouses & Sea-View Apartments: Found in areas like Beşiktaş and Maslak, these properties start at $500,000 and can exceed $2 million.
- Off-Plan & New Developments: Many projects in emerging areas like Esenyurt offer lower entry prices and flexible payment plans, starting from $50,000.
3. Rental Yields in Istanbul
Investors seeking rental income can expect competitive rental yields in key districts:
| District | Average Rental Yield (%) |
| Beşiktaş | 4.5% – 6% |
| Şişli | 4% – 5.5% |
| Kadıköy | 4% – 5% |
| Maslak | 5% – 6.5% |
| Beylikdüzü | 5% – 7% |
| Esenyurt | 6% – 8% |
Districts with high tourism and business activity, such as Beşiktaş and Maslak, tend to offer stable rental income, whereas Beylikdüzü and Esenyurt provide higher yields due to lower property prices and growing demand.
Final Thoughts
Istanbul remains one of the most exciting and lucrative real estate markets in Turkey. Whether you’re buying for personal use or investment, understanding district trends, property types, and rental potential is crucial. With affordable financing options and continued growth, now is an excellent time to explore real estate opportunities in this vibrant city.
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