Istanbul real estate market is the largest real estate market in the country. Thousands of people from all over the world buy real estate for sale in Istanbul. In 2020, while real estate sales in Turkey increased 11,2% and 1.499.316 real estate were sold, 265.098 of those real estates were in Istanbul. That means the proportion of real estate for sale in Istanbul apx. 17,5% in the entire country. The most popular way of real estate investment in Istanbul is to buy an apartment from a new real estate project.
Istanbul Real Estate Projects
The concept of the real estate projects in Istanbul has started to change in early 2010. There is a significant impact of urban transformation law which is passed into 2010 as well. In addition to that, increasing direct foreign investment has contributed to the change of the concept and real estate projects in Istanbul have modernized and a new era has started.
Earlier, real estate projects in Istanbul were lack of enriched social facilities and the interior qualities were only okay. However, nowadays new real estate projects offer limitless social facilities and services and the material quality is 1st class.
Real Estate for Sale in Central Istanbul
Real estate for sale in central Istanbul in the new projects has the top quality and amenities. These are the most popular ones as well as the most expensive ones. There are boutique projects, tower projects and family concept projects in the central Istanbul. Real estate for sale in central Istanbul in the new projects mostly available in Besiktas, Sisli, Sariyer, Beyoglu, Kagithane and Eyup areas. To buy a real estate for sale in Central Istanbul, average square meter prices are around 2.750 USD.
Real Estate for Sale in European Side of Istanbul
New real estate projects in European side of Istanbul out of central locations are mostly family living concept ones. Real estate projects in these areas, have larger green spaces with high number of units and social facilities. Basaksehir, Beylikduzu, Kucukcekmece, Zeytinburnu, Bakirkoy, Bahcesehir are the most popular areas. To buy real estate for sale in European Side of Istanbul, approximate square meter prices that must be paid is around 2,000 USD.
Real Estate for Sale in Asian Side of Istanbul
Real Estate projects in the Asian Side of Istanbul are both in boutique and family living concepts. Projects nearby to Bagdat Street have more boutique concepts. On the other hand, real estate for sale in Beykoz, Uskudar, Atasehir, Umraniye, Kartal and some parts of Kadikoy have more family living concepts. To buy real estate for sale in Asian Side, average square meter prices are around 1,750 USD.
Buy Real Estate for Sale in Istanbul
We as Century21 Sinerji have been serving to our customers for more than 11 years with our professional team. You can reach us to have more information and find out more about to buy real estate for sale in Istanbul.
