Real estate prices in Istanbul 2022

The editorial team at TUR PROPERTY Real Estate chose to tell you today about one of the most important topics of interest to real estate investors in Turkey.

Many foreigners are asking about (real estate prices in Istanbul) during the current year. Are they rising, will they stabilize, or will they decrease?

Important information about real estate prices in Istanbul:

According to some studies and statistics conducted on this subject, real estate prices in Istanbul are constantly rising, especially in the Kadikoy - Sile - Sariyer area, which is located on the European side - Catlıca.

Real estate prices in Istanbul are appropriate and reasonable compared to real estate prices in similar European cities in terms of status and importance.

You have to know that Istanbul is no less than any of the countries or cities of Europe with distinction, strength of infrastructure, tourism importance and development in its real estate sector.

What leads to high prices in Istanbul?

There are a number of reasons and factors that lead to a rise in real estate prices in that city, and through the following paragraph we review them together.

- The high population density witnessed in this city (with a population exceeding 16 million).

- This city is a tourist destination for many world tourists.

- The economic capital of the Turkish state.

- Owns the most important strategic projects and infrastructure projects.

- It provides all the service facilities needed by the population (hospitals - schools - universities).

- The modernity of real estate.

- Comfortable and sophisticated environment for a perfect life.

- Increasing demand to buy real estate there.

- Its location on the continent of Europe and the continent of Asia.

- Rising prices of raw building materials.

Can I find cheap real estate in Istanbul?

Those interested in the real estate market in Istanbul are wondering about the possibility of finding cheap apartments and properties for sale, is this possible?

Of course, this can be done by following some of the steps and tips that we will provide through the following lines.

1 - You should know that the distinctive views contribute to the high price of the property, so you should abandon the sea or forest view.

2 - If you want to buy a moderately priced property, you should stay away from the city center and central areas and resort to choosing to search in suburbs and remote areas.

3 - The prices of real estate that are found in rural areas.

4 - You can seize unique opportunities (the seller may be in a hurry to sell his property and therefore reduce its value in order to sell it quickly).

5 - New real estate is more expensive than old real estate.

6 - You can choose properties that are still under construction, as they are cheaper than ready-made properties.

Factors affecting the value of real estate:

There are a number of factors that affect the prices of real estate and apartments in that city, and they are as follows.

Property type:

The prices of real estate vary according to its type, the prices of residential real estate differ from the prices of commercial real estate, and the prices of apartments in residential complexes are higher than the prices of real estate in independent buildings.

There are a number of reasons that made the prices of residential complexes high, including the presence of (playgrounds - sauna - Turkish bath - round-the-clock security - a luxurious and comfortable life - a wonderful view - distinctive geographical locations).

Property area:

Is it large or small area? The large area of ​​the property may be more expensive than the spacious one, and it may be equal to the property with a small area if there is an equality of specifications and luxury.

In this regard, we must mention that it is recommended to buy a small property, especially if it is intended for real estate investment because the demand for it is great and it can be sold easily in the future when you want.

Property Specifications:

What is meant by it (the number of rooms - its balconies - its decorations - the quality of its finishes - is it old or new?).

Real estate prices in some areas of Istanbul:

If you want to buy a property in Istanbul at a low and distinctive price, you should head to Beylikduzu, which is located on the European side and is characterized by luxury residential complexes and sea views.

Can real estate prices in Beylikduzu remain this way for a long time? Of course not, as it is expected to record a significant increase in the coming period based on the large demand for it and its proximity to important vital projects.

Also, the Esenyurt area, which is located in the European side of the city, is suitable for those looking for real estate at low prices, but this situation will not remain the same for a long time, as after the completion of the metro line, prices will rise significantly.

For those looking for luxury real estate, Sariyer is one of the most important areas of Istanbul, but the prices are very high, which made it the preserve of the rich, politicians and people with high budgets.

Which regions recorded a significant increase in their prices?

When real estate prices increase in Istanbul or in other regions, this does not mean that the increase is uniform for all regions, but rather there are some that are affected more than others, for example, that the Basaksehir region has increased prices significantly during the last three years and amounted to 45%.

Real estate prices in Uskudar are constantly increasing, since it is a tourist destination - there is an increase in the demand for buying real estate in it.

Real estate prices in areas close to public transportation, such as the metrobus, increase more than others, and the same applies to real estate with a sea view.

If Istanbul is a dream city for you to buy and own real estate, we advise you to make your decision now and contact us to help you choose the right choice for you .. the best opportunities and offers we are keen to put in your hands.