Straddling east and west, this world city has a fascinating mix of old and new – and apartments for sale in Istanbul embody this diversity. New developments on Istanbul’s European side by big name brands are the ultimate in modern style and no-holds-barred luxury, with 5-star hotel facilities and every ‘extra’ imaginable. Expect to pay around Euro 150,000 for a smallish apartment in European Istanbul. Prices range up into the millions of pounds. A housing shortage, coupled with Turkey’s economic success has meant that apartment prices are rising fast in Istanbul (more than 10% annually according to a recent Reuters report) – and property is being snapped up at lightning speed, with 90% of units sold before development completion.
How much do apartments in Istanbul cost?
Renovated apartments in Istanbul are a good option for Istanbul buyers looking for something with a more traditional feel. A number of Ottoman-style apartments and penthouses have been tastefully renovated in the stylish European side of the Bosphorus. These start at around Euro 150,000. Developments have also sprouted on the city’s outskirts to cater for the growing population of commuters, these units have good facilities and travel links to the central city. Cheaper, but with good returns, these low entry level apartments for sale in Istanbul are a good investment for someone who would like to dip their toe into the city’s growing rental market. Units start at around Euro 45,000.
Apartments for Sale in Istanbul
Property buyers looking at apartments for sale in Istanbul should prepare themselves for a whirlwind journey of Turkey’s busiest and most comprehensive real estate market. Whether you want an off-plan two-bedroom apartment, a resale loft with high ceilings, old or modern family homes with terraces and balconies, duplex or studio apartments, you’ll find what you are looking for within your budget on both the Asian and European sides of the city.
Istanbul’s portfolio of apartments for sale ranges from budget bargains to ideal long-term investments to luxury penthouses with an all-encompassing sea view to match. You can start your property search now because our portfolio with hundreds of apartment listings focuses on all areas of Istanbul.
Each listing includes photos, floor plans, key features, location details, and reasons that property stands out. To know more about any home, fill in the enquiry form to receive more information or arrange a viewing. If you are an international investor or it's your first time buying into Istanbul’s apartment market, it helps to know which area you want to buy a flat in, because they all differ and each has something unique to offer.
For people who are unsure, we run viewing trips around Istanbul so you can get to know neighbourhoods and where the shops, schools, bars, restaurants, banks and transport links are, but here is a quick snapshot of areas that are marking their mark on Istanbul’s property market.
Prominent areas for Apartments Sales in Istanbul
The Sisli area in European Istanbul revolves around business and shopping malls, yet desirable neighbourhoods have plenty to offer apartment buyers. Bomonti, a district undergoing renovation and an overhaul of its urban planning structure attracts real estate investors looking for long term capital appreciation. Its late entry to modernising its real estate portfolio has also kept prices down, making it ideal for budget buyers.
The other neighbourhood, Nisantasi suits luxury buyers. As an upmarket region, the lifestyle revolves around hedonism and comfort, and some penthouses in the area are stunning examples of idyllic and luxurious homes. Another alternative for luxury apartment buyers is prestigious Cihangir, a neighbourhood with a reputation engrained in the arts, culture and social scenes.
Besiktas on the shores of the Bosphorus is high profile and ideal for people who want great transport links or to be in the heart of the business centre, Levent. Sitting on either side of the Golden Horn, buyers looking at apartments for sale in Fatih and Beyoglu should expect to pay a higher price per square meter because these districts are the hearts of old and new Istanbul. However, their charming portfolio includes original, unique homes for urban city fans.
Urban regeneration has transformed Eyup into a famous conservative district while Beylikduzu attracts investors with its low prices per square metre and future potential. Over on the Asian side of Istanbul, areas dominating the market include Pendik, Kartal and high profile Uskudar.
How to search for a flat in Istanbul
To start your home search, browse our listings of apartments for sale in Istanbul, or if you are looking at a specific district, contact us, and we’ll send a range of apartments in that area to your email inbox. As an experienced estate agent operating all over Turkey, we’ve guided thousands of people through the Istanbul apartment buying process, and ready to help you in your search for a perfect home.