Guide to Apartment Prices in Istanbul 2024

Guide to Apartment Prices in Istanbul 2024

 

Table of contents:

• Factors determining apartment prices in Istanbul
• Average apartment prices in Istanbul
• Apartment prices in Beylikduzu
• Apartment prices in Cekmekoy
• Apartment prices in Umraniye
• Apartment prices in Zeytinburnu
• Apartment prices in Kucukcekmece
• Apartment prices in Bagcilar
• Apartment prices in Maltepe
• Apartment prices in Kadikoy
• Apartment prices in Sariyer
• Apartment prices in Bahcesehir
• Apartment prices in Sultan Eyup
• Apartment prices in Sisli
• Apartment prices in Mahmutbey
• Apartment prices in Buyukcekmece
• Apartment prices in Kagithane
• Apartment prices in Sultan Gazi
• Apartment prices in Basaksehir
• Apartment prices in Esenyurt
• Apartment prices in Kartal
• Apartment prices in Avcilar
• Apartment prices in Pendik
• Apartment prices in Topkapi
• Apartment prices in Beyoglu
• What is the average apartment price in Istanbul?

 

The client wants to know the prices of apartments in Istanbul for the year 2024 before starting to look for the best options and offers according to the purpose of buying, whether it is housing or real estate investment in Turkey, in order to determine the appropriate budget according to what the client can afford according to his financial capabilities.

 

 

Factors that determine the prices of apartments in Istanbul:

 

There are many factors that would determine the prices of apartments in Istanbul, whether up or down, and these factors are:

• Location
• Area
• Quality of construction
• Floor height
• View
• Services
• Room distribution
• Style
• Space Average prices of apartments in Istanbul: The average prices of apartments mean that the prices that we will mention according to each area of Istanbul are the average prices of the properties, as we can find a property in the same mentioned area at a lower price or a property at a higher price, and the purpose of reviewing the prices is to know the approximate average prices of apartments in each area of Istanbul and not to assert the price because of the gradual and accelerated increase that occurs in the prices of real estate in Turkey from time to time.

 

Prices of apartments in Beylikduzu:

 

Beylikduzu, in the European part of Istanbul, is characterized by urban development, luxury and quality in its residential complexes. It is located on the Marmara Sea and has advanced medical and educational facilities.

Average prices of apartments in Beylikduzu:

• An apartment with a 1+2 style costs 196 thousand dollars.
• An apartment with a 1+3 style costs 334 thousand dollars.
• An apartment with a 2+4 style costs 485 thousand dollars.

 

Prices of apartments in Cekmekoy:

 

Cekmekoy is a charming area in Istanbul located on the Asian side and surrounded by areas of Uskudar, Beykoz, Umraniye and Aydos forests. It enjoys beautiful nature and advanced services. It is considered one of the upscale areas thanks to the luxurious properties located in it. Average prices of apartments in Cekmekoy:

• An apartment with a 1+2 style costs 438 thousand dollars.
• An apartment with a 1+3 style costs 525 thousand dollars.
• An apartment with a 1+4 style costs 932 thousand dollars.

 

See also the best properties in Istanbul

 

Prices of apartments in Umraniye:

 

Umraniye is an area in Istanbul located in the Asian part of the city at the borders of Uskudar area and close to the Bosphorus Strait. It is bordered by Beykoz from the north, Kadikoy from the south, Sultanbeyli and Kartal from the east, and Uskudar from the west. It consists of 14 neighborhoods, 6 municipalities and 4 villages. Umraniye is one of the most growing areas in Istanbul in terms of population increase and real estate sectors. Umraniye started as a small village and grew steadily. Today, it is one of the most famous areas in Istanbul. Average prices of apartments in Umraniye:

• An apartment with a 1+1 style costs 610 thousand dollars.
• An apartment with a 1+2 style costs 874 thousand dollars.

 

Prices of apartments in Zeytinburnu:

 

The name of the area comes from the olive trees in the area. Its history dates back to the Byzantine era. The area is located on the Chatalja peninsula overlooking the Marmara Sea. Its population is 292,616. It has a developed infrastructure and a sophisticated environment, and it is a vital center for trade and industry. Zeytinburnu witnesses continuous development and construction of luxury real estate projects. Average prices of real estate in Zeytinburnu:

• An apartment with a 1+2 style costs 796 thousand dollars.
• An apartment with a 1+3 style costs 969 thousand dollars.
• An apartment with a 1+5 style costs 1 million and 215 thousand dollars.

 

 Prices of apartments in Kucukcekmece 

Kucukcekmece is one of the most attractive areas for real estate investment in Istanbul, thanks to its strategic location near the new Istanbul Airport, the Istanbul Canal project, and the Basin Express road. The area also offers a beautiful lake view, a rich social and cultural life, and a variety of housing options.

The average prices of apartments in Kucukcekmece in 2024 are:

• A 1+3 apartment costs 312,000 USD.
• A 1+4 apartment costs 390,000 USD.
• A 2+5 apartment costs 550,000 USD.

 

 

 Prices of apartments in Bagcilar

Bagcilar is one of the most populous and dynamic areas in Istanbul, with a comprehensive range of services and facilities. The area is surrounded by the Basin Express road and Mahmudbey to the west, Bahcelievler and Bakirkoy to the south, and Esenler to the east. The area also has easy access to public transportation, such as the metro and the metrobus.

The average prices of apartments in Bagcilar in 2024 are:

• A 1+2 apartment costs 360,000 USD.
• A 1+3 apartment costs 420,000 USD.
• A 1+4 apartment costs 490,000 USD.

 

 Prices of apartments in Maltepe

Maltepe is a central and coastal area on the Asian side of Istanbul, overlooking the Marmara Sea and the Princes’ Islands to the south, and the Aydos Forest to the north. The area is famous for its many service centers, especially the Maltepe University, and its proximity to the Sabiha Gokcen International Airport.

The average prices of apartments in Maltepe in 2024 are:

• A 1+1 apartment costs 259,000 USD.
• A 1+2 apartment costs 306,000 USD.
• A 1+3 apartment costs 567,000 USD.
• A 1+4 apartment costs 986,000 USD.

 

 Prices of apartments in Kadikoy

Kadikoy is one of the most expensive and popular areas on the Asian side of Istanbul, with a beautiful coastline along the Bosphorus and the Marmara Sea. The area has many tourist attractions, such as the Baghdad Street, the Moda Street, and the Haydarpasa Train Station. The area also has a vibrant and cosmopolitan atmosphere, with many cafes, restaurants, bars, and cultural events.

The average prices of apartments in Kadikoy in 2024 are:

• A 1+0 apartment costs 349,000 USD.
• A 1+1 apartment costs 434,000 USD.
• A 1+2 apartment costs 517,000 USD.
• A 1+3 apartment costs 607,000 USD.
• A 1+4 apartment costs 1 million USD.

 

See also the best properties in Istanbul

 Prices of apartments in Sariyer

Sariyer is where the Black Sea meets the Bosphorus on the northeastern side of Istanbul. The area is bordered by the Belgrade Forest to the west, Sisli and Taksim to the south, and Sultan Ayub and Kagithane to the southeast. The area is home to some of the most prestigious and luxurious neighborhoods in Istanbul, such as Maslak, the first commercial road in the city.

The average prices of apartments in Sariyer in 2024 are:

• A 1+1 apartment costs 990,000 USD.
• A 1+2 apartment costs 1.2 million USD.
• A 1+3 apartment costs 2.9 million USD.

 

 Prices of apartments in Bahcesehir

Bahcesehir is one of the greenest and most spacious areas in Istanbul, with a large artificial lake and many parks and gardens. The area is bordered by Basaksehir to the north, Esenyurt and Avcilar to the southwest, and Kucukcekmece Lake to the east. The area also has a high potential for development, as it is close to the new Istanbul Airport and the Istanbul Canal project.

The average prices of apartments in Bahcesehir in 2024 are:

• A 1+2 apartment costs 401,000 USD.
• A 1+3 apartment costs 496,000 USD.
• A 1+4 apartment costs 763,000 USD.

 

 Prices of apartments in Sultan Ayub

Sultan Ayub is one of the oldest and most historical areas in Istanbul, with a rich cultural and religious heritage. The area hosts the tomb and mosque of the companion Abu Ayub al-Ansari, the Golden Horn bay, the Eyup cable car, and the Pierre Loti hill. The area also connects to the centers of Istanbul, such as Taksim and Galata.

The average prices of apartments in Sultan Ayub in 2024 are:

• A 1+1 apartment costs 174,000 USD.
• A 1+2 apartment costs 288,000 USD.
• A 1+3 apartment costs 399,000 USD.
• A 1+5 apartment costs 532,000 USD.

 

 Prices of apartments in Sisli

Sisli is the commercial and economic capital of Istanbul, located in the heart of the city and adjacent to the Bosphorus and Taksim. The area is full of foreign consulates, international and national organizations, and high-end shopping malls. The area also has some of the most expensive and luxurious apartments in Istanbul.

The average prices of apartments in Sisli in 2024 are:

• A 1+1 apartment costs 1.1 million USD.
• A 1+2 apartment costs 1.5 million USD.
• A 1+3 apartment costs 2.4 million USD.
• A 1+4 apartment costs 3 million USD.
• A 1+6 apartment costs 9 million USD.

 

Apartment prices in Kagithane:

Kagithane touches the historical and archaeological centers of Istanbul and is bordered by Belgrade Forest and the E-80 international road. It is one of the areas that witness a huge urban development and improvement in its entire infrastructure within the framework of the government’s expansion of Istanbul’s centers. The average apartment prices in Kagithane are:

• A 1+1 apartment costs 345 thousand dollars.
• A 1+2 apartment costs 485 thousand dollars.
• A 1+3 apartment costs 780 thousand dollars.

 

Apartment prices in Sultan Gazi:

Sultan Gazi is one of the most service-oriented and popular areas of Istanbul due to its population and high service rate. It is a few kilometers away from the centers of Istanbul such as the historical Fatih area. The average apartment prices in Sultan Gazi are:

• A 1+2 apartment costs 200 thousand dollars.

 

Apartment prices in Basaksehir:

The new center of Istanbul and the station of the government’s development projects. It is one of the areas with vast green spaces and one of the most conservative areas, which gives it the eastern family character. The average apartment prices in Basaksehir are:

• A 1+1 apartment costs 200 thousand dollars.
• A 1+2 apartment costs 300 thousand dollars.
• A 1+3 apartment costs 400 thousand dollars.

 

See also the best properties in Istanbul

 

Apartment prices in Esenyurt:

Esenyurt is the largest area in Istanbul in terms of population, with 400 thousand inhabitants. It is known for the lowest real estate prices in Istanbul, as it is among the suburbs of the city within 30 km. Esenyurt is located between the two fast city roads and is close to the shores of the Marmara Sea and the lakes of Buyukcekmece and Kucukcekmece. The average apartment prices in Esenyurt are:

• A 1+1 apartment costs 100 thousand dollars.
• A 1+2 apartment costs 150 thousand dollars.
• A 1+3 apartment costs 250 thousand dollars.

 

Apartment prices in Kartal:

Kartal is proud to be one of the most beautiful areas in the Asian side of Istanbul. It is known for its wonderful coast and faces directly the charming Princes’ Islands. It is surrounded by Aydos Forest from the north, Kadikoy and Uskudar from the west, and Maltepe and Pendik from the east. The average real estate prices in Kartal are:

• A 1+2 apartment costs 580 thousand dollars.
• A 1+3 apartment costs 700 thousand dollars.

 

Apartment prices in Avcilar:

Avcilar enjoys a distinctive geographical location that is located between the Marmara Sea and Kucukcekmece Lake, acquiring charming views of them. In addition, Avcilar retains the corniche and the natural park that extends along the coasts and connects with the corniche of Bakirkoy and Florya to the east. The average apartment prices in Avcilar are:

• A 1+2 apartment costs 330 thousand dollars.
• A 1+3 apartment costs 500 thousand dollars.

 

Apartment prices in Pendik:

The most distinctive feature of Pendik, located in the Asian side of Istanbul, is its proximity to Sabiha Gokcen International Airport, within 10 km. In addition, it has a distinctive seaside on the shores of the Marmara Sea and the IDO ferry, which facilitates access to the Princes’ Islands and the rest of the European and Asian areas of Istanbul by sea, in addition to the provinces of Yalova and Bursa. The average real estate prices in Pendik are:

• A 1+3 apartment costs 400 thousand dollars.
• A 1+4 apartment costs 700 thousand dollars.

 

Apartment prices in Topkapi:

Topkapi is the gateway of Istanbul and the center of its historical walls that were breached by the Ottoman Sultan Mehmed the Conqueror. It is surrounded by many vital areas such as Zeytinburnu, Fatih, Taksim and the Marmara Sea. It is known for the wide services it provides, especially the transportation networks and the metro station. The average real estate prices in Topkapi are:

• A 1+2 apartment costs 500 thousand dollars.
• A 1+3 apartment costs a million dollars.
• A 1+4 apartment costs a million and 200 thousand dollars.

 

Apartment prices in Beyoglu:

Beyoglu is literally the center of Istanbul and one of its most famous neighborhoods are “Galata, Taksim, Istiklal Street”. It is the tourist capital of Istanbul and is visited annually by no less than 16 million tourists. The average real estate prices in Beyoglu are:

• A 1+2 apartment costs 500 thousand dollars.
• A 1+3 apartment costs 800 thousand dollars.
• A 1+4 apartment costs a million dollars.

Apartment prices in Mahmutbey:

Mahmutbey has many advantages that make it one of the influential municipalities of Istanbul in terms of residential and investment influence, due to its alignment with the Basın Express commercial road and its inclusion of the Gunesli area, as well as its location between the E-5 and E-80 roads. The average apartment prices in Mahmutbey are:

• A 1+1 apartment costs 281 thousand dollars.
• A 1+2 apartment costs 365 thousand dollars.

 

Apartment prices in Buyukcekmece:

Buyukcekmece occupies a large area on the shores of the Marmara Sea in the west of Istanbul, and is known for its famous lake and its proximity to the main road that facilitates transportation from it to Istanbul International Airport. It is bordered by Cekmekoy, Silivri, Beylikduzu and Esenyurt areas. The average apartment prices in Buyukcekmece are:

• A 1+3 apartment costs 528 thousand dollars.
• A 1+4 apartment costs 647 thousand dollars.
• A 2+5 apartment costs 910 thousand dollars.

 

What is the average apartment price in Istanbul?

The average apartment price in Istanbul ranges from 100 thousand dollars and may reach 20 million dollars, especially in the central areas surrounding the Bosphorus Strait. The prices vary according to the location, the area, the quality of the construction, the services, the floor height, the style, the space and other factors related to determining the real estate prices in Turkey.

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