Apartments for sale in Istanbul, Turkey
Straddling east and west, this world city has a fascinating mix of old and new – and Istanbul apartments for sale 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.
Renovated Istanbul apartments 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 Bosphorous. 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.
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.
Superb 5-star apartments for sale in the centre of Kagithane, just ten minutes driving distance away from Taksim. This development is fully equipped with extensive facilities and apartments are available from one – five bedrooms.