House price in Istanbul in 2023
If you are looking to buy a house in Istanbul, first of all it is better to read the rules Buying real estate in Turkey, get to know the methods of obtaining residence by buying a house and knowing the best areas to buy real estate in Istanbul. Without knowing the rules and methods of investing in Turkey, there is a high possibility of making a wrong choice or losing capital for the investor.
Istanbul is one of the biggest and most important cities in Turkey. Despite its attractive attractions and facilities, this city welcomes many tourists from all over the world every year.
It is also necessary to first research the conditions of buying or renting housing and their prices in different parts of Istanbul. We will describe these things in detail in this article. Join pintati!
What you read in this note:
- How much does a house cost in Istanbul?
- Buying a house in the European part of Istanbul
- What is the minimum price of a house in Istanbul?
- The best areas of the European part to buy a house in Istanbul
- The most luxurious European areas of Istanbul
- Buying an apartment in Istanbul
- Buy a villa in Istanbul
- Advantages of buying a house in Istanbul
- What is Kapora?
- House buying website in Istanbul
Everything about buying a house in Istanbul!
Introduction of the city of Istanbul
The city of Istanbul, (the most populous and largest city in Turkey), the capital of Eastern Rome (Byzantine), is one of the most beautiful cities in the world, which has many natural, tourist and historical attractions. Among the architectural masterpieces of the Byzantine and Ottoman eras such as: Hagia Sophia Mosque, From Hippodrome Square, Sultan Ahmed Mosque and Topkapi Palace to natural attractions and location in 2 continents of Asia and Europe and having beautiful beaches overlooking the Black Sea, Marmara and Bosphorus.
Add to all this green nature and excellent urban facilities, the presence of schools and universities, and modern constructions. It is no coincidence that every year the desire to buy a house in Istanbul among foreigners is increasing.
In terms of size, Istanbul is almost one and a half times bigger than Tehran with a population of about fifteen million people.
The religion of Turkish people is Islam and most of these people are Sunni. Istanbul is divided into 2 European and Asian parts, where two-thirds of the city’s population live in the European part and one-third live in the Asian part of Istanbul.
How much does a house cost in Istanbul?
Currently, on June 19, 2023, or on June 29, 1402, property prices in Istanbul are generally in 3 price ranges, such as cheap areas such as Kartal, Beylikduz, etc., from about $1,700 to $3,000 per square meter. Average such as Kaiit Hane, Basak Shahir and… about 3 to 5 thousand dollars per square meter and luxury and expensive areas and neighborhoods such as Sarir, Maslak, Atakoi (coastal strip), Baghdad Street and Kadikoi coastal strip from 7 It varies up to 11 thousand dollars. The mentioned prices are for newly built buildings with facilities such as: swimming pool, sauna, gym, etc.
What is the minimum price of a house in Istanbul?
The minimum purchase price of a property in Istanbul for a unit without sleeping (suite) is about 1 million liras.
Comparison of Istanbul with other Turkish cities | Average price per square meter (₺) |
Istanbul | 15,000 |
Ankara | 6,900 |
Antalya | 9,100 |
Izmir
|
12,569 |
Bodrum | 7,200 |
Denizli | 4,500 |
It should be noted that the mentioned prices are for buildings that have been built for several years and normal apartments.
Where should I start to buy a house in Istanbul?
You must buy a house in Istanbul
Buying a house in the beautiful city of Istanbul is one of the options that we Iranians usually have before immigrating to Turkey. But there is a tortuous path to find the desired property, which will have harmful effects if not followed properly.
To buy a house in Istanbul, you first need to determine the amount of capital and your budget for buying a property and then look for areas that match your budget.
Choose your desired area. Then determine whether you intend to live in the European or Asian part and whether you prefer the old parts of the city or the modern and new parts.
Buying a house in Istanbul is an easy way to immigrate to Turkey!
One of the best ways to immigrate to Turkey is through buying property and investing, and you can get Turkish residency by buying property for any amount. If your goal is to get residency and not Turkish citizenship, you should know that the minimum price of a property that will allow you to stay in Istanbul is 75 thousand dollars. This amount is 50 thousand dollars for small cities in Turkey.
Important points you need to know to buy a house in the European part of Istanbul!
If you are looking to buy a property in Istanbul that is close to luxury shopping and commercial centers and historical monuments, the European part of Istanbul is a better option for you. Taksim Square and İstiklal Caddesi is one of the favorite areas of Iranians in the European part of Istanbul.
As mentioned above, the desire of foreigners to buy a house in the European areas of Istanbul is more, and this has caused the property price to increase in some parts of it. Access to public transportation, benefiting from more highways, proximity to shopping, tourism and historical centers are among the reasons for buying a property in the European part of Istanbul.
The best areas of the European part to buy a house in Istanbul
The European part of Istanbul has many areas and neighborhoods, some of which are very luxurious and expensive, and some are cheaper.
Sarir, Şişli, Beşiktaş, Bakırköy regions are among the best European regions, of course, you should note that each of these regions have good, average, or poor neighborhoods, for example, Maslak, Istiniye, Zakriaköy neighborhoods are among the most luxurious neighborhoods in Sarir region. .
Nisantashi and Bomonti are considered to be the most expensive neighborhoods in Sisli region. Among the stylish and high-level neighborhoods of Bakirkoy region, we can mention the coastal part of Atakoy, Yeshil Koi, Yeshil Yurt and Floria.
The most luxurious European areas of Istanbul to buy property
Get to know the most luxurious European areas of Istanbul. If you are looking to buy a luxury house in the European area of Istanbul, these areas can definitely offer you valuable options.
- Beyoğlu
- Şişli
- Sarıyer
- Bakirköy
- Beşiktaş
Each of these areas consists of a number of modern and stylish neighborhoods in which the builders of Barzag Turkey have built or are building unique projects. Some of these neighborhoods have a view of the sea and others have a view of the forest or the city.
The best neighborhoods in the European part of Istanbul
Maslsk neighborhood, İstinye, Zakriakoy, Emirgan in Sarir region, Levent, Bebek, Ulus, Levazim and Ortakoy in Besiktas region, Florya, Yesil Koy, Yesil Yurt and Atakuy in Bakirkoy district, Bomonti neighborhood and the famous Nişantaşı street in Sisli district are among the luxury and favorite neighborhoods of foreigners who choose to buy property in Istanbul.
Where are the affordable or cheap areas in the European part of Istanbul?
Bilic Dozo, Kuchuk Chekmeje, Basak Shahir, Zitin Borno, Avjilar, Bahce Le Oler, Kait Hane are among the good areas of the European part where property prices are more reasonable.
If you are looking for the right price areas to buy a house in Istanbul, your choices are not limited!
- kağıthane
- Zeytinburnu
- Başakşehir
- Küçükçekmece
- Esenyurt
- Beylikdüzü
- Büyükçekmece
These areas also have different neighborhoods that have different prices due to their proximity to the sea and access to public transportation.
Kaitehane area has recently attracted the attention of many investors in the housing sector and offers significant profits to property buyers. Bahce Shahir, Safakoy, Bassin Express, Snivert, Bilicdozo, Bagjilar and Ajilar are among the affordable neighborhoods in the European part to buy property in Istanbul.
The difference between residency and Turkish citizenship
If you are looking for a Turkish passport and want to become a citizen of Turkey, you can become a citizen by buying a house in Istanbul worth 400 thousand dollars. become a turkey Of course, buying a property is not exclusive to Istanbul, and you will get a Turkish passport in any city of Turkey by buying a property worth 400,000 dollars.
The key to staying in Turkey by buying a house in Istanbul
If your capital is less than 400 thousand dollars or you don’t decide to invest more; By buying a house at any price below 400 thousand dollars, you will be granted a one-year residency, which can be renewed year after year.
Of course, in big cities, the minimum price of buying a house to receive Turkish residence should be 75 thousand US dollars and in small cities 50 thousand dollars.
For more information about the rules of the immigration office and the types of Turkish residence, it is better to click on the Turkish residence link.
Choosing the right neighborhood in Istanbul!
One of the most important concerns of property buyers in Istanbul is to find the desired unit that fits their budget, and due to the vastness of the city of Istanbul, it is not possible to visit all areas, neighborhoods and projects for both buyers and real estate consultants. Therefore, getting to know the areas and neighborhoods that are close to our purchasing power will be our most important priority.
Do you know how many districts Istanbul has?
Istanbul is divided into 39 regions, which are located in the 2 continents of Europe and Asia, most of the regions are in the European part of Istanbul, and the Asian part has fewer regions. 25 regions are in the European part and 14 regions are part of the Asian part of Istanbul.
What are the differences between the Asian part and the European part of Istanbul?
Most of Istanbul’s sightseeing areas and tourist attractions are located in the European part of Istanbul, and tourists tend to stay in the historical areas of the city. Beyoğlu area where Taksim Square, Esteghlal Street, Galata Tower are located; All are in the European part of Istanbul.
To buy a house in Istanbul, should I choose the European or Asian section?
This is completely a matter of taste and depends on your wishes and needs. In the past years, many immigrants to Istanbul wanted to buy a house in the European part. Appropriate accessibility, proximity to entertainment centers, booming employment and businesses in the European part were all influential factors in choosing the European part.
The Asian part is a new destination for buying property in Istanbul
In the past year, the desire of investors in the field of real estate has changed a lot, and many property buyers prefer to choose the Asian part of Istanbul for living and investing. The uniform texture and away from the diversity of immigrant tribes, beautiful nature, peace and distance from the hustle and bustle of the city have made many Iranians choose Asian areas.
When it comes to buying a property in the Asian part of Istanbul; Your hand is open to choose, especially if you are looking for indigenous and authentic areas, the Asian sector has very good areas that have been welcomed by investors in the last two years. If you are looking for quiet areas close to the sea with unspoiled nature and fewer immigrants, it is better to visit Asian areas. Beylerbeyi Palace, Kız Kules Castle and Chamlija Telecommunication Tower are located in this section.
Discover the best Asian areas to buy a house in Istanbul with PinTati!
If you are planning to buy a house in the Asian part of Istanbul and the price is not important to you, it is better to visit Baghdad Street. The areas of Kadikoy, Skodar, Bekoz, Ataşehir are among the best areas of the Asian part of Istanbul.
The most luxurious Asian areas to buy property in Istanbul
Parts of the Asian areas of Istanbul, which real estate investors are interested in investing in, are:
- Beykoz
- Kadıköy
- Ataşehir
- Üsküdar
- Maltepe
These areas, like the European part, have luxury and modern neighborhoods. Many of these neighborhoods have a view of the sea and some others have a view of the forest or the city.
Buy real estate in the best neighborhoods of the Asian part of Istanbul
Kadikoy neighborhood, Caddesi Bağdat, Sawadeh in Kadikoy district, Çamlıca, Çenglıköy and Aji Badem in Skodar district, Ajarlar neighborhood and Paşabahçe in Beykoz district are considered to be the best neighborhoods in the Asian part.
Know the cheap and affordable areas of the Asian part to buy a house in Istanbul!
There are not a lot of low-cost or reasonably priced areas in the Asian part, and if you are looking for a uniform texture and areas with less immigrant population, these areas can be good options:
- Kartal
- Umraniye
- Pendik
- Sancaktepe
- Çekmeköy
These areas also have different neighborhoods that have different prices depending on their accessibility and perspective. One of the options for buying a house in Istanbul in the Asian part for Iranians has been the Kartal area for the last two years.
Kartal has a native and old texture, and the Istanbul municipality has given many incentives to the builders for the renovation of this area, and this has improved the quality of construction. Is. It should be noted that the areas that were introduced in both the Asian and European sections are only some of the areas of Istanbul.
The death of a potter while buying a property in Istanbul
After choosing the right area and neighborhood that matches our budget, it is very important to find a quality project with good access and proximity to public transportation, because the cost of fuel and energy carriers is high in Istanbul and so on. The reason is that houses that are far from the subway or bus station are not easily bought and sold.
buying an apartment in Istanbul; Logical and valuable option
One of the great options for investment is buying an apartment in Istanbul. Reasonable price, excellent amenities, security, unique views and high quality of construction and architectural plans from top-class international designers are all advantages of choosing an apartment in Istanbul.
buying a villa in Istanbul; Capitalists’ first option
In addition to massive and high-rise constructions in the areas of Istanbul, some builders have built very luxurious and beautiful villas by choosing virgin land suitable for settlement.
One of the best areas where wonderful villas are built is the Bekoz area, which has a very pleasant climate in addition to the unique landscape.
Advantages of buying property in Istanbul from Pintati language
As mentioned earlier, Istanbul; It is considered the largest and most populated city in Turkey and has been given the title of the cultural capital of Turkey. Many international concerts, cultural and art festivals, shopping and food festivals are all held in the city of Istanbul, all of which show the good relationship between Istanbul residents and foreigners.
In general, this city has cultured, civilized and warm-hearted people that doubles the joy of life. This means that if you plan to buy a house in Istanbul, you will definitely benefit from the following advantages:
Experience clean weather in Istanbul
The city of Istanbul has a moderate and excellent climate. This city has a good temperature in the cold season of the year and a pleasant climate in the summer. Istanbul has rain and fog in most seasons, which makes this city attractive.
Affordable living costs in Istanbul
If you are planning to buy a house in Istanbul, you will soon realize that fortunately the cost of living in this city is reasonable and affordable. In fact, any person with any economic level can pay their necessary expenses in the city of Istanbul.
Easy access and excellent public transportation system; Transportation in the city of Istanbul happens easily and at a high speed, and there are all kinds of vehicles, especially public vehicles, in all areas of the city. The existence of many metro lines, metrobus stations, buses, Delmush and taxis are among your options for commuting in the city.
The Marmara metro line that connects the European part to the Asian part has made the citizens of Istanbul travel at a reasonable cost. In addition, the presence of ports in different areas has made it easy for the residents of Istanbul to travel by ship.
The presence of various shopping centers and famous brands in Istanbul
Istanbul has large shopping centers, some of which have been named the biggest shopping centers in Europe in the past years. Jawahir shopping center is one of the largest shopping centers in Istanbul, which is trusted by Iranians, and there are few travelers who come to Istanbul and do not visit this shopping center. In all areas of Istanbul, there are modern shopping centers with a lot of domestic and international brands, which has made it easy for the residents of the areas.
Another advantage of buying a house in Istanbul is the presence of shopping centers in most building complexes. The famous brands of Carrefour and Migros are among the big markets where you can buy your necessities.
Investment in Istanbul housing, real estate and real estate sector
Due to the increasing growth and progress of Turkey and especially the city of Istanbul in the economic field in recent years, many investors choose it for their investment purposes. Meanwhile, buying a house in Istanbul is a unique opportunity to invest in this city.
Because this gives you two opportunities. First, by buying a property in Istanbul, you can easily obtain Turkish residency or citizenship, and secondly, you can benefit from high investment profits.
Foot and fans and basic tips for buying a house in Istanbul
If you are planning to buy a house in Istanbul, it is necessary to pay attention to several points.
- The type of property you are going to buy must have a document and residence permit.
- Does your chosen area have facilities such as school, hospital, etc. or not?
- At the time of purchase, be careful that the seller is trustworthy and the purchased property is not in mortgage or foreclosure by the court or bank and has no creditors.
- The property expert’s certificate is valid for 3 months, this certificate is very important for transferring and valuing the property and must be requested by the owner.
- At the time of transferring the money to the owner, be sure to request a currency certificate from your bank so that you don’t get into trouble in the citizenship process.
- To buy real estate, be sure to rely on agencies that, in addition to real estate licenses, have sufficient experience in selling real estate and obtaining Turkish citizenship and passport.
- If you intend to pre-purchase a property in Istanbul, be careful to buy property from builders who have a history of successful construction. You can also pre-purchase real estate from projects that have government guarantees and construction guarantees.
Bargaining at the property purchase commission in Istanbul
The amount of commission you pay in Turkey is different from Iran. If you buy a property from the sales offices of the projects, you should know that you do not need to pay any fees for the commission to the real estate agency or the sales office.
If you buy a property from a person or second class, you have to pay a commission of about 2 to 4 percent of the property value to the real estate agency. What is usually paid is 2%. So, before finalizing the property, be sure to ask the commission amount from the property so as not to be caught in the act.
The cost of transferring a property document in Turkey from rumor to reality
The cost of transferring the deed in Turkey is 4% of the property value and 2% must be paid by the builder and the other 2% by the buyer. Of course, there are exceptions. For example, in projects built with the participation of the municipality, 4% of the cost of the document is the responsibility of the builder, and the buyer does not need to pay any fees.
In some projects, the builder avoids paying 2% of the document fee and puts the entire 4% on the shoulders of the buyer. Before giving the purchase deposit, be sure to know about the amount and amount of payment for the document.
What is Kapora?
At the time of the property declaration, the amount you pay as a deposit to the other party is called Kapura.
Apartment price in Istanbul 2023
The suitable architectural plan or the so-called well-planned unit, the southern location of the property, the quality of the construction and materials used in it, the approvals of the building’s resistance against earthquakes, the conditions for obtaining the document and permission to occupy the property are all factors that influence the price of the apartment and the right or wrong choice. We will be
Buy houses in Istanbul, Turkey with Iranian money
Considering the drop in the value of lira compared to the dollar, the conditions for buying a house in Istanbul are very good and you can take advantage of this opportunity. For example, the value of a property worth 400,000 dollars is about 7,200,000 liras and about 18 billion tomans in Iranian currency. Now that the dollar is on the threshold of 50 thousand tomans, buying a house in Istanbul is still a logical thing, the quality and conditions of life in Istanbul are in no way comparable to Tehran, and you have more comfort and facilities!
Buying a house in Istanbul with 5-year installments
One of the privileges that you can enjoy when buying a property in Istanbul is buying the property in installments, which are different according to the conditions of the property developer. In some projects, builders hand over the property to the buyer with 1-year, 2-year, 3-year and even 5-year installments.
If you intend to buy a property in installments, it is better to be aware of the ups and downs in the value of Rial against other currencies (Lira, Dollar and Euro). Because in the long run, in case of fluctuations in the currency market and possibly a decrease in the value of the Iranian currency, it may cause you losses.
Buying a house in Istanbul or Izmir; Which is better?
If you are looking for the best choice for living and investing in Turkey and you cannot decide between Istanbul and Izmir, it is better to determine your budget first. As the cultural capital of Turkey, the city of Istanbul hosts many celebrities, artists and singers of Turkey and has many cheap and expensive areas.
Istanbul is a great city to live in with many attractions, beautiful sea and of course excellent facilities, but the cost of living there is also higher than other cities in Turkey.
Izmir also has its natural beauty, but in terms of weather conditions, it is warmer and you will experience a Mediterranean climate there. If you can’t stand the humid and hot weather, it’s better to stop living in Izmir.
Izmir has good and suitable constructions, and the price of property and cost of living there is much more reasonable than Istanbul.
House buying website in Istanbul
If you are looking for a good site to buy a house, Pintati site can help you.
The price of a 40-meter apartment in Istanbul
To buy a house in Istanbul, it is better to specify the area and neighborhood you want first, because the price of a 40-meter apartment in cheap areas is different from the same apartment in a luxury area like Sarir. Buy with a figure of around 300 thousand dollars.
But regarding the lowest price of the property, you should keep in mind that according to the new law of Turkey, in order to get accommodation in big cities, it is at least 75,000 dollars and for small cities, it is 50,000 dollars, and if you buy a property lower than this amount, you Turkish residence will not be granted.
Get to know the types of residence in Turkey!
Disadvantages of buying property in Turkey
Investing and buying property in Turkey causes problems when our choice is due to lack of knowledge and is only influenced by the conditions and atmospheres of others.
If you are buying a property in Istanbul or any other city in Turkey, it is better to get a full understanding of the conditions of work, life and destination country before buying, hasty choices always cause a lot of losses. Especially if our choice is based on our eyes.
With years of activity in the field of real estate in Turkey, the Pintati collection will help you find the property you want, away from the hype and advertisements. Get in touch with Pintati consultants.
Last word
Buying a house in Istanbul, in addition to its charms, may be accompanied by difficulties, not knowing the right areas for investment, not knowing the best construction projects, finding a trusted real estate agency, how to transfer money from Iran to buy property in Istanbul and things like that will cause investors to worry.
Pintati collection with years of experience and doing many successful cases in the field of buying property and obtaining Turkish citizenship can accompany you in reaching your desired home. Contact our experts for a free consultation.
FAQ:
- Is it better to buy a property in Istanbul or Dubai?
Does the answer to this question depend on your motivation for immigration. If you are looking for comfort and convenience and you want to enjoy your life and migration, Istanbul is definitely a very good option, great weather, proximity to Europe, warm-hearted and welcoming people are among the advantages of the city of Istanbul - Is it possible to get citizenship by buying a house in Istanbul?
Yes, the city of Istanbul is in the first place with the highest amount of real estate sales in Turkey to foreigners, and many buyers have succeeded in obtaining Turkish citizenship within 90 days. - Is Istanbul an expensive city?
Yes, Istanbul is about 25% more expensive compared to Ankara, the capital of Turkey. In general, Istanbul is known as the most expensive city in Turkey. - Is it possible to buy a property in Istanbul with 500 million tomans?
No, it is definitely not possible to buy a property in Istanbul with this number. - Is it possible to stay in Istanbul by buying a property below the price of 75 thousand dollars?
No, according to the new law of Turkey, the minimum amount for buying a property in Istanbul is 75 thousand dollars. - Are Asian areas of Istanbul cheaper than European areas?
No, the price of the property is calculated according to the type of construction in the region and neighborhood and the type of construction material. - Where are the cheapest areas in Istanbul to buy a cheap property?
Snivort, Bahce Shahir, Baghjilar and Bilicdozo in the European part, Omraniyeh, Pendik, Kartal in the Asian part