Istanbul is one of the most beautiful and vibrant cities in the world. It is the only city that connects two continents: Europe and Asia. Istanbul is a city of contrasts, with a rich history and a vibrant modern culture. Istanbul is also one of the most popular destinations for real estate investors. In this blog post, we will discuss What is the average property prices in Istanbul?

Average Property Prices in Istanbul

The average property prices in Istanbul vary depending on the location, type of property, and the quality of construction. The average price per square meter for an apartment in Istanbul is around 5,000 TL ($600). However, this price can go up to 20,000 TL ($2,400) per square meter in the most expensive areas of Istanbul like Besiktas, Sariyer, and Bebek. In the suburbs of Istanbul, the average price per square meter is around 2,500 TL ($300).

Factors Affecting Property Prices in Istanbul

There are several factors that affect property prices in Istanbul. One of the primary factors is the location of the property. Properties located in the city center and close to public transportation are generally more expensive than properties located in the suburbs. Another factor is the size of the property. Bigger properties are generally more expensive than smaller ones. The quality of construction also affects property prices. Properties built with high-quality materials and modern facilities are generally more expensive than properties built with lower quality materials.

Conclusion

Istanbul is a city of contrasts, with a rich history and a vibrant modern culture. The city offers a wide range of properties for real estate investors, from luxurious apartments in the city center to affordable properties in the suburbs. The average property prices in Istanbul vary depending on the location, type of property, and the quality of construction. However, one thing is for sure, investing in Istanbul real estate is a smart choice.