Prices of apartments in European Istanbul
2023-09-07
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The average price per square meter in European Istanbul 2022
While the increase in apartment prices continues in Turkiye in general and in Istanbul in particular, which ranks first in terms of real estate activity in the country, it arouses the curiosity of investors to know which areas have increased in real estate value and which are the highest in investment value.
Moreover, the residential apartments sector in Turkiye has witnessed a significant increase in prices, and it has reached its peak during the past two years with the large movement witnessed in the residential apartments market, which led to the outweighing of demand over supply, as well as some other factors, such as currency fluctuations played a role in the steady rise in apartment prices.
Local and international statistical reports have recorded a continuation of price increases during 2022 as well, the latest of which was a report issued by the global real estate agency, Knight Frank, which dealt with the increase in apartment prices in more than 56 countries during the first three months of 2022.
In the details of the above-mentioned Knight Frank report, Turkiye ranked first in the world in the increase in the investment value of its apartments during the first three months of 2022, as the annual increase in apartment prices in Turkiye during the first quarter of 2022 reached 110%.
On a related level, according to official statistics issued by the Central Bank of Turkiye, the annual rate of increase in house prices across Turkiye amounted to 145.5% during May of 2022, and 127% during April of it.
As for the monthly increase in the prices of apartments during May, it amounted to 12.4%, and the average price of an apartment throughout Turkiye during the same month reached 1,194,000 TL.
How many living rooms are in the apartment?
In the details related to the annual increase in the prices of apartments in various Turkish states, especially the prices of apartments in Istanbul, and according to the aforementioned Central Bank of Turkiye data, the state of Istanbul ranked second - after Antalya - among the states that witnessed the largest annual increase in apartment prices there, in Istanbul, this percentage amounted to 165.4%.
Read more about Factors That Affect Apartment Prices In Istanbul
Prices of apartments in European areas of Istanbul
Prices of apartments in Beylikduzu, Istanbul
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The Beylikduzu area is witnessing great development in the real estate sector, as it - compared to other suburbs in Istanbul - is of higher quality and more organized, and it is expected that real estate investments in this region in general, and investment in the purchase of privately owned apartments, will generate high profits, and the region is witnessing a development urbanely, making it the focus of attention of investors in the real estate sector, especially after solving the transportation problem and linking it to the city center via the Metrobus line.
It is expected that the prices of real estate and apartments in Beylikduzu will increase further with the completion of the new Incirli - Beylikdüzü metro line to be built soon.
Read also : The Best Guide To Istanbul's Public Transpiration
As for the prices of apartments in Beylikduzu, we find special prices for luxury apartments for sale in Beylikdüzü - located on the European side of Istanbul - as we find in the region prices starting from $163,000 for 1+1 apartments, and we find 2+1 apartments with prices starting from $163,000, as for the 3+1 apartments with an area of 198 m², we find them at a price of $478,000 and all of this in one of Imtilak Real Estate's projects, the distinctive Vera complex.
Prices of apartments in Esenyurt, Istanbul
Esenyurt is described as one of the most popular, crowded, and diverse areas in terms of the population fabric in Istanbul, and it has promising opportunities. Esenyurt is one of the cheapest areas in terms of real estate prices, and reasonable services and the number of projects in it is constantly increasing.
As for the prices of apartments in Esenyurt, we can offer to mention the Onay complex, in which we find luxury apartments for sale, hotel-style, and distinguished entertainment services within the residential complex, with the possibility of a payment in installments, as prices in the complex start from $89,000 for 1+1 apartments with an area of 63 m², as for the 2+1 apartments in this complex with an estimated area of 137 m², they are offered at a price of $150,000.
As for the 3+1 apartments in Esenyurt with an area of 160 m2, we can find them at a price of $190,000 only, in the luxurious Gumus Residence project.
Prices of apartments in Bahcesehir, Istanbul
Buying an apartment in the Bahcesehir area is a profitable option, because it is an area within the European side of Istanbul, and within the boundaries of the municipality of Başakşehir, and it is close to areas of mega projects in the city, such as Istanbul's Third Bridge, the new Istanbul Airport, and the Northern Marmara Highway project, which links these two giant projects, which affects real estate prices by increasing and growing, and a promising investment future in the region.
How many living rooms are in the apartment?
Moreover, the prices of apartments in Bahcesehir differ due to many factors, especially the size, number of rooms, views, and proximity to vital places. However, we note that there are 1+1 apartments with an area of 67 m² at a price of $181,000, 2+1 apartments of 120 m² at a price of $297,000, 3+1 apartments of 135 m² at a price of $336,000, and that in prestigious Star Bahcesehir project.
Prices of apartments in Basaksehir, Istanbul
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The advantages of owning in Basaksehir are countless. The Basaksehir area in the European section of Istanbul contains the most modern infrastructure in Turkiye. It is also close to Istanbul’s New Airport, and the metro networks reach it, and we notice wide streets, many gardens, clean air, and many hospitals, the largest of which is the largest medical city in Europe,
In addition to many schools, including international schools, and private universities, including Ibn Khaldun University. All of this turned it into a magnet for many local and foreign investors from all over the world, which made prices in an unstoppable upward trend.
Regarding the prices of apartments in Basaksehir, we can take a look at the Elite Garden project. It includes 2+1 apartments with an area of 118 m² and a price of $390,000, as well as 4+1 apartments with an area of 210 m² and a price of $690,000.
There is also the Mansion project near the Istanbul Canal path, we find it offering special prices for 2+1 apartments with an area of 94 m² for an amount of $249,000, while 3+1 apartments with an area of 159 m² are at a price of $460,000, while we find 4+1 apartments with an area of 190 m² and a price of $551,000.
Residential complexes at special prices in European Istanbul by Imtilak Real Estate
When talking about the prices of apartments in European Istanbul, Imtilak Real Estate offers its distinguished services in real estate investment in European Istanbul, through residential complexes with distinctive prices. Among these complexes, we find the Sultan Port project in the Sultangazi district, close to the important Basaksehir neighborhood, and close to the forests and main highways. About 9 km from the Istanbul Water Canal project, and in this project we find 1+1 apartments with an area of 98 m² at a price of $168,000.
Among the complexes in which Imtilak Real Estate offers you important opportunities for ownership and real estate investment, you will find the Waad Express project in the central and lively area of Mahmutbey and one of the most famous residential areas in European Istanbul, at reasonable prices and future installments, and distinguished services from Imtilak Real Estate, where you find apartments of 2+1 area of 100 m² at a price of $275,000.
Edited by Imtilak Real Estate ©
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