Properties for sale in Istanbul

Property in Istanbul

In terms of the number of real estate sold last year, Istanbul ranked first in the country, with a total of 198,739 transactions, accounting for 16.2% of the total sales volume.

People flock to the metropolis for leisure and shopping at major malls such as İstinye Park and Zorlu Center, as well as for business endeavours and networking opportunities. The expatriate community is steadily growing.

Villas and apartments are readily available in both the primary and secondary markets. All formalities can be arranged remotely, requiring only a trusted individual in Turkey.

Prices of properties in Istanbul, Turkey vary depending on the type and parameters of the unit, with location playing an important role. Popular districts include:

• Beşiktaş
• Sarıyer
• Katalaya
• Zeytinburnu
• Beykoz
• Sultanahmet
• Beyoğlu
• Eminönü
• Karaköy
• Galata.

When looking for a suitable apartment, investors can choose from the following options:

• Studios
• 1–5-bedroom apartments (1+1, 2+1, 3+1, 4+1, 5+1, 5+2)
• Penthouses
• Townhouses
• Villas

There are several features to note:

• Balconies are not always available and can be 30 m² or more;
• Elite real estate tends to have baths, while economy and mid-range real estate have showers;
• If you’re buying on the secondary market with the prospect of obtaining residency or citizenship, ensure the property has not previously been involved in a similar programme.

Reasons for investing in property in Istanbul

Properties in Istanbul for investment offer stable income and the opportunity for legal residency or citizenship in the country. The city appeals to businessmen, young professionals, couples and families with children. The local market demonstrates consistent growth, with prices of property for sale in Istanbul increasing by 73% in 2023.

In 2023,  the cultural and economic centre of the country welcomed over 17 million tourists, including 2 million Russians, highlighting the popularity of the location and driving demand for rental properties. Through our website, you can find highly liquid properties and contact the seller directly for a quick transaction. Real estate management companies handle tenant acquisition and property maintenance, allowing you to focus on monitoring income.

Rental yields are among the highest in the country, averaging 6.63% per annum but varying considerably depending on the location and configuration of the property:

• In Şişli, you can achieve 7.14% per annum for a 1-bedroom studio or apartment and 7.88% and 6% for 2-bedroom and 3-bedroom apartments respectively;
• In Beylikdüzü, a 1-bedroom apartment will yield 8.63% per annum, while a 2-bedroom apartment will yield 8.09%;
• In Kağıthane, a 1-bedroom apartment can yield 7.45% per year;
• In Kadıköy, yields range from 3.93% to 5.69%, with 1-bedroom apartments showing the most promise;
• In Esenyurt, investors can earn between 7.51% and 8.27% per annum;
• In Maltepe, the minimum yield is 5.39% and the maximum is 6.83%;
• In Küçükçekmece, you can earn up to 7.25% per annum by investing in 1-bedroom apartments.

Buying real estate in Istanbul

Investors in real estate for sale in Istanbul can conveniently complete purchase and sale transactions remotely. On our website, you’ll discover the finest offers from agencies and developers. When selecting suitable options, consider not only the cost of real estate in Istanbul but also the prestige of the area, the number of bedrooms, living rooms and bathrooms, the presence of a balcony and the amenities in the complex. Start your search for quality and affordable housing today with the assistance of the Global Properties website.