Apartment prices in Fatih, Istanbul

What are the factors that affect apartment prices in the Fatih district?

The Fatih district in European Istanbul tops the list of the most famous areas, both inside and outside Turkey, due to its great importance and its ancient historical status among the districts of Istanbul.

No one can underestimate the high importance of the Fatih district in Istanbul as one of the most important municipalities in all of Turkey. It is the vital commercial and economic center and the most densely populated residential area, attracting the largest number of tourists in Istanbul.

In addition, the Fatih Municipality combines the features of comfortable living and a pleasant social life.

The Fatih district enjoys a location rich in important features that have increased the value of the entire area, including:

1. Its strategic and ideal location in the center of Istanbul: Fatih Municipality sits on a prominent maritime headland, geographically stretching between the Golden Horn and the entrance to the Bosphorus Strait and the Sea of Marmara, while to the west it borders Eyup Sultan Municipality and Zeytinburnu Municipality.
2. Easy access to the Fatih district, benefiting from the network of roads that intersect there, numerous and diverse transportation services, as well as many metro lines that start from and arrive at it, connecting it to the farthest points of Istanbul with ease. Among the most important: Hacı Osman Metro, Metro M1 and M2, and Marmaray Metro, which crosses under the Bosphorus and extends to the far end of Asian Istanbul, in addition to tram lines and sea ferry trips departing from Fatih's ports, connecting it to Asian Istanbul, the Princes' Islands, and the cities of Yalova and Bursa.
3. Fatih is a district deeply rooted in the city's history, connecting the present with the past. Despite the concentration of most historical landmarks in Fatih, it also features many new residential or commercial projects, some still under construction, providing opportunities for investors looking to benefit from the area's rapidly growing potential.
4. Fatih enjoys good infrastructure, high-quality community services, and a distinctive tourist environment that includes hundreds of major and minor landmarks, the most important of which are: (Sultan Ahmed – Sultan Mehmet Fatih Mosque – Hagia Sophia Mosque – Grand Bazaar – Gülhane Park – Sultan Abdul Hamid’s tomb and other sultans – Topkapi Palace...).
5. Fatih includes a wide range of amenities and comforts, including many parks scattered among its neighborhoods, although generally characterized by smaller areas compared to other districts with larger open spaces like Başakşehir.
6. In addition to the availability of many shopping centers, popular markets, restaurants, and cafes, making it an attractive tourist spot.
7. Fatih offers many real estate locations with exceptional views that are unique in some spots, such as direct views of the Bosphorus, considered the most beautiful icon of the city, which can add great value to properties and provide a high-quality living experience near the city center and its most beautiful landmarks.
8. It is undisputed that Fatih is one of the best areas for real estate investment compared to other districts of Istanbul, as demand for both its old and new properties is constantly increasing.
9. The modern properties in Fatih are a reflection of the urban transformation in the area, featuring modern designs using the latest standards, with integrated finishes and various amenities.
10. Fatih properties offer promising and growing investment opportunities, with strong investment fundamentals and a steady increase in property values, providing a good return on real estate investment in its apartments and other types of properties, especially those near the Bosphorus or key points of interest.
11. Fatih Municipality offers life services that are no less than those in any other area of Istanbul, starting from public, private, and international schools, multiple universities, hospitals, shopping centers such as Historia Mall and Axis Mall, in addition to comprehensive municipal services.
    
    

You may be interested in: Apartments for sale in Fatih Istanbul

Apartment price index in the Fatih district in recent years

Fatih district is classified among the most important Istanbul districts and is one of the most active in the city's real estate market, due to the previously mentioned features that increase the importance of the area in general, especially with the growing demand for its various types of properties, particularly in the historic projects of Fatih, which combine luxury and high quality, attracting both local and foreign investors from all over, hoping to benefit from the strong investment factors there.

It is also natural for prices to always align with the theory of supply and demand, which directly impacts property values in Fatih.

By the end of 2014, the average price per square meter in all neighborhoods of Fatih and across all types of residential properties (old and new) was around 2,819 Turkish lira.

While the average price peaked at the time of writing this article in early March 2023 at about 20,402 Turkish lira, equivalent to 1,077 US dollars at the time of writing, according to the price index on Zingat website, with the index figures shown in the following table:

It should be noted that property prices in the high-end residential complexes in Fatih (with high specifications and built by the largest development and construction companies in Turkey) are significantly higher than the average price mentioned above in some cases.

What are the investment advantages of buying an apartment in Fatih, Istanbul?

From an investment perspective, Fatih is considered a profitable area due to its attractive location for real estate investments, mainly for several reasons, the most important of which are:

1. Its strategic and ideal location where all city roads and transportation means converge, and the ability to reach Istanbul Airport or any point in the city from Fatih smoothly and easily, possibly with more than one means of public transport available.
2. The increasing population alongside growing interest in Fatih, which has attracted more people wishing to own and invest in the area, and increased demand for all types of housing, naturally leading to higher property prices, making it a good investment opportunity whether you wish to sell or rent your property in the future.
3. High rental income: Fatih Municipality is popular among students and families, increasing demand for rental properties, making it an ideal opportunity for investors looking to generate rental income.
4. Ongoing government development plans, as Fatih Municipality is an integral part of Istanbul's development plans.

Average apartment prices in the Fatih district of Istanbul

It is well known in the real estate market that apartment prices usually vary, whether within Fatih itself or in any other district of Istanbul, due to several factors affecting the price, the most important of which are:

• The size and area of the apartment and its layout.
• The quality level of the real estate project and the modernity of its features.
• The finishing quality of the apartments.
• The importance and location of the neighborhood where the apartment is located within Fatih.
• The services available to residents within the project or complex.
• The importance of surrounding facilities for residents.

To give more realistic examples from Fatih properties, it is useful to discuss the topic under two general frameworks:

Luxury hotel apartment prices in Fatih, Istanbul

As for the prices of residential complexes with the most luxurious hotel specifications, they also vary greatly from one project to another.

Therefore, the following figures can give a more realistic picture of the prevailing prices in the current Fatih real estate market, by presenting one of our luxury property projects marketed by Imtilak Real Estate in Fatih Municipality:

Yedi Kule Project

• An amazing project in the heart of historic Istanbul, directly on the Sea of Marmara and overlooking the Bosphorus Strait with a breathtaking view.
• The project is one of the rarest in Fatih, Istanbul, due to its many features and unique architectural style.
• Natural beauty that tells stories of the glory of great empires, with touches of contemporary beauty, blending modern living with Istanbul’s ancient historical values.
• The project is located in the "Yedi Kule" area, within Fatih, the most historic district in all of Istanbul.

• The nearby Yedikule Fortress recalls the concept of the inner peninsula belonging to the Ottoman Empire, which was honored as the capital after the conquest of Istanbul.
• Many key transportation means are directly adjacent to the project, such as Marmaray Metro Station and Yenikapi Ferry Terminal, and only 5 minutes away from the Eurasia Tunnel.
• This wonderful project is close to many famous universities, the most important of which is Istanbul University.
• In addition, it is surrounded by many hospitals and shopping centers.
• Moreover, the project is guaranteed by the Turkish government.
• It includes a 5-star hotel with 59 suites. It is considered the first project to combine a hotel and a fully integrated residential complex with special historical value.
• The project covers an area of 41,000 square meters and consists of 125 wonderful residential apartments.
• Available apartment types range from 1+1 to 6+1.
• Valet parking service and secure underground parking.
• Spa with indoor heated pool, sauna, fitness center, and Turkish bath.
• All hotel services, in addition to a number of social facilities and backup power generators.
• Direct sea view and a private yacht marina.
• Surveillance cameras and a 24-hour security system.

The cheapest apartment prices in the Fatih district

Speaking about the cheapest available apartment prices in Fatih within its modern complexes, here we discuss one of the most affordable projects by Imtilak Real Estate among its peers:

Topkapi Garden Complex

• The project is located in an area known for its historical value, adding rare value to the complex, stemming from Istanbul’s rich history. This is the famous Topkapi area.
• Topkapi has been one of the most important commercial and vital centers in Istanbul since the Ottoman era.
• The complex is surrounded by many historical landmarks and museums, such as (Panorama 1453 History Museum), a historical center featuring a large panoramic painting of the conquest of Constantinople.
• The project is located close to the E-5 highway, a main artery of Istanbul. In addition, all means of transport are available near the complex, such as metro and Metrobus lines.
• The complex area is rich in shopping centers, schools, hospitals, hotels, and universities such as: Sultan Mehmet Fatih Waqf University and Yildiz University.
• The complex covers an area of 15,500 square meters and consists of 5 buildings with 371 homes.
• Available apartment options: (1+1, 2+1, 3+1, 4+1).

• The kitchens of the apartments are delivered with a set of high-quality electrical appliances.
• Outdoor and indoor swimming pools, children's pool, Turkish bath, and sauna.
• Children’s play areas and fitness center.
• Indoor and outdoor parking lots.
• Central satellite system, water tanks, backup generators, and modern elevators.
• Central heating, air conditioning, en-suite bathroom, terrace, and balcony.
• Earthquake-resistant construction, security system, and 24-hour surveillance cameras.

Best apartment deals in Fatih at the lowest prices with Imtilak Real Estate

Imtilak Real Estate offers in Fatih and other districts of Istanbul, through its strong connections with the most important real estate projects in all areas of Istanbul, a selection of the best opportunities, offers, and options for freehold in residential projects and complexes with high construction quality and modern, advanced amenities in the most suitable locations.

All of this is within elite projects that have been carefully studied to provide exceptional freehold and investment offers at the best prices, compared to the features and quality of the properties.

In addition, Imtilak Real Estate provides a range of comprehensive and professional freehold services, preceding, accompanying, and following the property acquisition process, making the process of owning real estate as easy and comfortable as possible. This includes legal services and real estate tours, as well as providing support and advice during and before the acquisition process, all through the services of an expert team specializing in real estate consultancy in Turkey.

Edited by: Imtilak Real Estate©