Cheap Real Estate for Sale in Istanbul

What is the average price of real estate in Istanbul?

Prices of Turkish real estate have continued to record encouraging investment increases in recent years and up to the present day, where the average price per square meter in the entire city of Istanbul, according to Zingat, a specialized real estate website, was equivalent to 28,669 Turkish Lira at the time of writing this article.

The average price per square meter has been as follows in previous years:

It is noted that these prices reflect the average prices across all types of properties and in all conditions, including both old and new properties.

Learn about property prices in Turkey, including Istanbul and some other provinces in 2023

Are there cheap properties in Istanbul?

Istanbul is not exclusive to luxury properties with impressive specifications and high prices; in reality, the city includes thousands of opportunities that attract many with its various offers and diverse prices.

It is naturally expected that property prices in Istanbul—like other cities—are influenced by several factors affecting property pricing, primarily the following three:

• Property location: the demand for ownership in the area, and how the property is affected by high supply or low demand within this region.

• Property specifications: its area and the quality of finishes, and whether it is completed or still under advanced phases of construction...

• Property facilities: luxury residential complexes usually achieve higher numbers than those with lower specifications or ordinary buildings.

The investment value of cheap properties in Istanbul

The investment value of properties may vary according to the correct utilization method; a cheap property may yield good returns compared to its price if it is well managed, but in reality, the chances for luxury properties to achieve higher returns are greater than for cheap ones.

Therefore, it is not surprising that investments in cheap properties can achieve good profits, but certain initial conditions must be met in this context, the most important of which is the opportunity for increase in property price later and the potential profit upon resale, or that the property is suitable for holiday rentals, for example, allowing it to be used with a very acceptable return in some cases. Ultimately, all of this depends on good property selection, the quality of choosing its location and features, and understanding the real goal of ownership (whether for residence, resale, or rental...).

Best areas to buy cheap properties in Istanbul

Istanbul districts span across Asian and European sides, and neighborhoods in each include wealthy, middle-class, or even cheap areas. In any case, considering the choice of cheap apartments is a relative matter; what is cheap for you may be expensive for another, so we will discuss the cheapest areas for property ownership in Istanbul generally, not specifically.

On the Asian side, relatively cheap and suitable areas for property ownership include the relatively new Beylikdüzü area, emerging Esenyurt, Bahçeşehir which is gaining prominence day by day, in addition to Büyükçekmece, and among cheap areas expected to see price surges later is Arnavutköy neighborhood near the new Istanbul Airport...

As for the European side, it includes Ümraniye and some of its neighborhoods, Maltepe, as well as Sancaktepe, and other areas considered ideal for ownership at a relatively cheap or acceptable price and also suitable for investment under certain conditions.

Also read: Properties for sale in Istanbul

Cheap properties for sale in Istanbul offers

In a quick overview of the offers provided by Imtilak Real Estate within its cheap and moderately priced projects, here are some of these projects:

Cheap apartments for sale in Istanbul

Examples of relatively cheap apartment projects suitable for real estate investment in Istanbul: Alya Project

• The project is located in the Beylikdüzü area, Istanbul's new hub full of luxury residential and commercial complexes, classified as an ideal example of contemporary urban planning.

• Our project occupies a privileged location, easily accessible from all parts of the city thanks to its proximity to major roads and transportation means that connect it with important areas in Istanbul, such as the E5 highway and the metrobus line.

• The project includes 17 commercial shops forming a mini-market that meets the needs of residents, besides its closeness to numerous markets and malls in the area.

• The project is distinguished by its proximity to many schools, hospitals, health centers, government offices, and service facilities. It is also close to the West Istanbul Marina, one of the most prominent tourism and entertainment projects in Istanbul City, adding to the project's investment value.

• Project land area: 5046 m2; number of buildings: 3; number of residential apartments: 94.

• The project offers a wide variety of apartments in layouts of 2+1, 3+1, and 4+1; in addition to duplex apartment options of 3+2, 4+2, 5+2, and 7+2, also providing an investment opportunity in shops located on the project’s external facade.

• The project includes social and recreational facilities compatible with modern residential complex standards, including: green spaces, seating and relaxation areas in gardens, indoor swimming pool, sauna, Turkish bath, fitness center, steam room, children's playground, parking spaces, surveillance cameras, and 24-hour security.

• The project complies with requirements for real estate investment leading to acquiring Turkish citizenship.

• Currently available payment methods: cash, or 50% down payment with the remainder installment over 15 months; prices start from 221,000 USD.

Cheap villas for sale in Istanbul

Also, examples of relatively cheap villa projects suitable for real estate investment in Istanbul: Riva Villas

• One of the largest villa projects in Turkey, located in a distinguished tourist area in the Asian side of Istanbul, near the Black Sea and Bosphorus overlooks, and enjoying the Turkish government guarantee.

• A project of luxurious villas nestled in the enchanting nature with fresh air and crystal-clear waters in the Valley of Dreams (Düşler Vadisi) in the wonderful Riva area.

• The valley hosting the project is rich with orchards producing all types of fruits and vegetables, besides containing many ancient glass-making workshops.

• The project includes approximately 1400 villas being implemented in multiple phases, making it one of the largest projects in the city.

• The project offers luxurious villas with many area and layout options, including duplex and triplex layouts from 2+1 up to 5+1.

• The project is centrally located at an equal distance from Istanbul Airport and Sabiha Gökçen Airport.

• The project is surrounded by all necessities for residents such as shopping centers, laundries, pharmacies, and health centers.

• It is also surrounded by restaurants and cafes with picturesque lake views, in addition to proximity to many historical Ottoman landmarks.

• The villas feature distinctive views of the enchanting green nature in the valley and have a modern architectural style suitable for family life.

• The project offers many social and recreational facilities meeting residents' needs, including: a large Migros shopping center, other commercial shops, a private school with all educational stages, an outdoor pool, an indoor pool, fitness center, sauna, Turkish bath, steam room, massage center, a large natural park, a natural lake within the project, outdoor sports park, basketball court, tennis court, volleyball court, football fields, children playgrounds, parking lots, surveillance cameras, and 24-hour security.

• The project complies with real estate ownership conditions aimed at obtaining Turkish citizenship.

• Currently available payment methods: cash, or 50% down payment and the remainder in installments over 12 months; current prices start from 843,000 USD.

Cheap lands for sale in Istanbul

Imtilak Real Estate offers dozens of ideal ownership deals for investment in key lands across Istanbul regions expected to yield good profits, whether located in the beautiful rural areas of Istanbul such as Çatalca or Silivri, or near the route of the new Istanbul Canal project.

To seize the best cheap opportunities in Istanbul, we advise contacting the Imtilak Real Estate team directly.

Cheap commercial real estate for sale in Istanbul

Among examples of relatively cheap commercial projects suitable for investment in Istanbul with encouraging returns: Axis Offices

• Axis Offices are located in the European side of Istanbul, in the heart of Bayrampaşa district, one of the most important commercial and industrial areas of the city.

• One of the project entrances is located at Bayrampaşa Metro Station, connecting it easily to key city centers such as Taksim, Mecidiyeköy, Levent, Aksaray, Yenikapı, Üsküdar, Kadıköy, and other areas with ease.

• The commercial offices enjoy a location within one of the city’s most active commercial complexes, giving the offices significant importance, and the shopping center will be surrounded by a residential project similar to the residential complex inside Mall of Istanbul.

• A good investment return in case of renting the property compared to its price.

• Luxurious offices with stunning panoramic views of the city and the Golden Horn.

• A huge shopping center with modern, spacious and comfortable design and complete facilities.

• The center hosts a large number of restaurants, cafes, and famous international brands, as well as modern cinemas and other diverse facilities.

• Currently available payment methods: cash, or 50% down payment with the rest in installments over 12 months; current prices start from 315,000 USD.

Book a free consultation with the Imtilak Real Estate team

Your direct contact with Imtilak Real Estate allows you to access many professional and free services at the same time.

With Imtilak Real Estate's activities spread across a wide range of Turkish cities and its long years of experience in real estate, we have secured a leading position in the field of real estate marketing through our diverse, rich offers suitable for all ownership segments.

Imtilak Real Estate has built its solid foundation in real estate ownership services in Turkey according to a comprehensive and smooth working mechanism covering all phases of ownership and services before and after purchase, alongside specialized ownership services that accompany the process from A to Z, to make property ownership as easy as possible, in addition to our legal services, real estate tours, and consultation provided by a skilled team of experts in real estate consultancy in Turkey.

Edited by: Imtilak Real Estate©

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