Apartments and flats for sale in Istanbul

Apartments for sale in Istanbul

The housing market in Turkey's second capital city continues to show signs of growth and opportunities for investors and buyers. Here are some brief statistics based on the latest data:

The median price is approaching the EUR 312,000 mark, underlining the city’s status as one of the best places to invest in property in Turkey;

The median price per square metre can vary significantly depending on the property's size, location and infrastructure;

The minimum cost of apartments in Istanbul can be accessed when buying on the primary market, especially in the non-central areas of the city. Typically, these are small studios located in areas such as Beylikdüzü, Esenyurt, Bagcilar, Kartal and Maltepe;

Luxury apartments in Istanbul for investment, particularly those overlooking the Bosphorus or in prestigious neighbourhoods, can cost much money. These premium properties offer unrivalled views and exclusive amenities.

Regarding price increases over the last year, the local residential market has experienced significant price fluctuations driven by inflation and increased demand, particularly from foreign nationals. The average price per square metre of an apartment in Istanbul, Turkey, has soared to the sky, indicating a substantial price hike over the past year. This trend is expected to continue, albeit at a slower pace. Foreign buyers continue to show keen interest in affordable housing options in this historically rich and economically dynamic city.

Reasons for investing in apartment in Istanbul

Investing in apartments in a metropolis offers numerous advantages, particularly if the buildings are situated in areas that appeal to tourists and central business communities.

• Strategic location and market dynamics

Istanbul's position as a bridge between Europe and Asia enhances its attractiveness as both a commercial and tourist centre, positively impacting housing demand. Developing neighbourhoods like Cagithane benefit from infrastructure developments such as new metro lines and major transport hubs, increasing their investment potential.

• Favourable investment returns

The central districts of Turkey's largest city boast attractive rental yields, sometimes denominated in US dollars, hedging against currency volatility. A potential yield of around 6% makes long-term rentals particularly attractive.

• Legal and tax advantages

Almost every apartment for sale in Istanbul is favourable to investors due to the government's policy of no capital gains tax on properties owned for more than five years, as well as low taxes for landlords. Foreigners can often avoid VAT on their initial investment, particularly in the secondary market.

• Citizenship by Investment

This programme entails investing at least USD 400,000 in residential or commercial properties, leading to the granting of Turkish citizenship to the buyers and their family members. This option appeals to those seeking a second passport for geopolitical independence.

• Economic and demographic growth

The growing economy and population of the metropolis are fuelling the development of the housing market.

The city's constantly expanding infrastructure, cultural richness and strategic geographical location further increase its attractiveness to international investors.

Buying apartments in Istanbul

When considering buying apartments in Turkey, exploring Istanbul's diverse neighbourhoods, each offering a unique lifestyle and investment potential, is essential. Parts of the city, such as Galata, Nisantaşı and Kadıköy, have their advantages, ranging from historical charm to modern luxury and vibrant social life. Foreign buyers can consider a variety of properties, from affordable options to luxury premises. All offer access to the city's vibrant kaleidoscope of culture, history and modern amenities.

This platform boasts various offers from leading property developers and reputable real estate firms, all conveniently in one place. You don't have to scour countless websites in search of the perfect property; you can easily buy a flat in Istanbul. Our website is jampacked with search features, a currency exchange tool, instant access to a sales expert, multilingual translation and nearly instant price updates. We keep a close eye on our property catalogue, updating it daily through both manual and automated processes, combining data from various developers' and real estate agencies' websites.