Prices of apartments in European Istanbul

Average Price per Square Meter in European Istanbul

As apartment prices in Turkey continue to rise, particularly in Istanbul, which ranks first in real estate activity nationwide, investors are eager to know which areas have increased in value and which offer the highest investment potential.

The residential apartment sector in Turkey has witnessed a significant price surge, peaking over the past two years due to high market demand surpassing supply. Additionally, factors such as currency fluctuations have contributed to the continuous rise in apartment prices.

Local and global statistical reports indicate that prices continued to rise throughout 2022. The latest report from the global real estate agency Knight Frank analyzed apartment price increases in over 56 countries during the first three months of 2022.

According to Knight Frank’s report, Turkey ranked first worldwide in residential apartment investment value growth during the first quarter of 2022, with annual apartment price increases reaching 110%!

Similarly, a report from the Central Bank of Turkey revealed that annual home price increases across the country reached 145.5% in May 2022 and 127% in April 2022.

In May, the monthly apartment price increase was 12.4%, bringing the average apartment price across Turkey to 1,194,000 Turkish Lira.

Looking at annual apartment price increases across Turkish cities, Istanbul ranked second after Antalya among provinces with the highest price hikes, recording a 165.4% increase.

Apartment Prices in European Istanbul Districts

Apartment Prices in Beylikdüzü, Istanbul

Beylikdüzü has experienced significant real estate growth and is considered one of the most organized and high-quality districts compared to other suburbs in Istanbul. Real estate investments in this area, particularly in freehold apartments, are expected to yield high returns.

Beylikdüzü has undergone major urban development, attracting real estate investors, especially after solving transportation issues by linking the district to the city center via the Metrobus (rapid bus) line. Property prices are anticipated to rise further with the completion of the İncirli–Beylikdüzü metro line, which is under construction.

Luxury apartments for sale in Beylikdüzü, located in European Istanbul, are available at competitive prices:

• 1+1 apartments in Vira Complex start at $163,000.
• 2+1 apartments start at $220,000.
• 3+1 apartments (163 m²) in Alya Project are priced at $269,000.

Additionally, Imtilak Real Estate offers various premium housing options in the area.

Apartment Prices in Esenyurt, Istanbul

Esenyurt is known as a densely populated district with a diverse community in Istanbul. It offers affordable real estate options and reasonable services, making it an attractive choice for buyers. The area is continuously expanding, with new residential projects emerging regularly.

One notable residential project is Seliv Residences, which features luxury hotel-style apartments with premium recreational facilities. The complex also provides a 24-month installment payment plan.

Apartment prices in Seliv Residences:

• 1+1 apartments (66 m²) start at $130,000.
• 2+1 apartments (102 m²) are priced at $180,000.
• 3+1 apartments (155 m²) are available for $295,000.

Apartment Prices in Bahçeşehir, Istanbul

Buying an apartment in Bahçeşehir is a profitable investment choice, as the area is part of European Istanbul and falls within the Başakşehir municipality. It is located near major infrastructure projects, including:

• Istanbul’s Third Bridge
• Istanbul New Airport
• Northern Marmara Highway, which connects these two mega projects

These developments contribute to the rise in property values and indicate a promising investment future in the district.

Apartment prices in Bahçeşehir vary based on size, number of rooms, view, and proximity to key locations. However, in the prestigious Star Bahçeşehir project, prices are as follows:

• 1+1 apartments (60 m²) start at $175,000.
• 2+1 apartments (125 m²) are priced at $284,000.
• 3+1 apartments (144 m²) are available for $326,000.

Apartment Prices in Başakşehir, Istanbul

Başakşehir, located in European Istanbul, is one of the most modern and well-developed districts in Turkey. It boasts state-of-the-art infrastructure and is close to Istanbul New Airport. The area is well-connected with metro networks, featuring wide streets, abundant green spaces, clean air, and top-tier healthcare facilities, including Europe’s largest medical complex.

Additionally, Başakşehir is home to numerous schools, including international institutions, as well as private universities like Ibn Haldun University. These factors make it a prime attraction for local and international investors, driving property prices consistently upward.

Apartment Prices in Başakşehir

In Metro Başakşehir Project, the following options are available:

• 2+1 apartments (86 m²) for $248,000
• 3+1 apartments (133 m²) for $396,000
• 4+1 apartments (166 m²) for $575,000

For those considering investment near the Istanbul Canal, Mansion Project offers competitive pricing:

• 2+1 apartments (89 m²) for $338,000
• 3+1 apartments (138 m²) for $470,000
• 4+1 apartments (211 m²) for $742,000

Exclusive Residential Projects in European Istanbul by Imtilak Real Estate

Imtilak Real Estate offers unique investment opportunities in European Istanbul with premium residential complexes at competitive prices.

One such development is Valentum Project in Ispartakule, near Başakşehir, major highways, and the upcoming Istanbul Canal. Prices start at:

• 1+1 apartments (74 m²) for $238,000.

Another prime investment opportunity is City of Life Project in Mahmutbey, a central and vibrant district in European Istanbul. It offers flexible installment plans and high-end services:

• 2+1 apartments (113 m²) for $358,000.

Edited by: Imtilak Real Estate ©