Authored by the expert who managed and guided the team behind the Turkey Property Pack
Yes, the analysis of Istanbul's property market is included in our pack
Curious about the real estate market in Istanbul and wondering what the future holds for apartment prices in 2025?
Whether you're planning to invest, relocate, or simply intrigued by market trends, understanding the average prices can provide valuable insights.
In this article, we'll explore the factors influencing these prices and what you can expect in the coming years.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Turkey Property Pack
Estimated Average Apartment Prices in Istanbul by 2025
Below is a detailed estimation of average apartment prices in Istanbul for the year 2025, categorized by area and measured in square meters (sqm) and square feet (sft). These estimates are based on current trends and economic forecasts.
| Area | Average Price per sqm (USD) | Average Price per sft (USD) |
|---|---|---|
| Beyoğlu | 4,500 - 5,500 | 418 - 511 |
| Beşiktaş | 6,000 - 7,500 | 557 - 696 |
| Kadıköy | 5,000 - 6,000 | 464 - 557 |
| Üsküdar | 4,000 - 5,000 | 372 - 464 |
| Şişli | 5,500 - 6,500 | 511 - 604 |
| Fatih | 3,500 - 4,500 | 325 - 418 |
| Bakırköy | 4,500 - 5,500 | 418 - 511 |
| Atasehir | 4,000 - 5,000 | 372 - 464 |
| Maltepe | 3,800 - 4,800 | 353 - 446 |
| Bahçelievler | 3,200 - 4,200 | 297 - 390 |
| Eyüp | 3,700 - 4,700 | 344 - 437 |
| Küçükçekmece | 3,000 - 4,000 | 279 - 372 |
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What You Need to Know Before Buying an Apartment in Istanbul in 2025
What is the average price per square meter for apartments in Istanbul in 2025?
The average price per square meter for apartments in Istanbul in 2025 is approximately €3,500.
This figure can vary significantly depending on the district, with prime areas like Nişantaşı and Bebek reaching up to €7,000 per square meter.
In contrast, more affordable districts such as Esenyurt may have prices as low as €2,000 per square meter.
How have apartment prices in Istanbul changed over the past five years?
Over the past five years, apartment prices in Istanbul have increased by an average of 20%.
This growth is attributed to factors such as urban development, increased foreign investment, and inflation.
However, the rate of increase has varied, with some districts experiencing more rapid growth than others.
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=> What is the potential rental income from Istanbul apartments?
What are the most expensive districts for buying an apartment in Istanbul?
The most expensive districts in Istanbul for apartment purchases are Bebek, Nişantaşı, and Etiler.
These areas are known for their luxury amenities, proximity to the Bosphorus, and high-end shopping and dining options.
Prices in these districts can exceed €7,000 per square meter, reflecting their premium status.
Are there any government incentives for foreign buyers in 2025?
In 2025, the Turkish government continues to offer citizenship by investment for foreign buyers who purchase real estate worth at least $400,000.
This program has been popular among investors seeking residency and citizenship benefits.
Additionally, there are tax exemptions on property purchases for foreign nationals, making it an attractive option.
Want to explore this further?
=> What are the legal requirements for buying property in Istanbul?
What is the rental yield for apartments in Istanbul?
The average rental yield for apartments in Istanbul is around 5% annually.
This yield can vary depending on the location, with central areas offering higher returns due to demand.
Investors often consider rental yield alongside capital appreciation when evaluating property investments.
Buying real estate in Turkey can be risky
An increasing number of foreign investors are showing interest in Turkey. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
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How does the cost of living in Istanbul compare to other major cities?
The cost of living in Istanbul is generally lower than in major European cities like London or Paris.
However, it is comparable to other large cities in the region, such as Athens or Budapest.
Factors such as housing, transportation, and dining are more affordable, making Istanbul an attractive option for expatriates.
What are the financing options available for purchasing an apartment in Istanbul?
Buyers in Istanbul can access various financing options, including mortgages from local banks with interest rates around 10%.
Foreign buyers may face stricter lending criteria and are advised to consult with financial advisors familiar with Turkish regulations.
Some developers also offer installment plans directly to buyers, which can be a flexible alternative.
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What are the legal requirements for foreigners buying property in Istanbul?
Foreigners can purchase property in Istanbul, but they must adhere to specific regulations, such as obtaining a tax identification number.
It is essential to conduct due diligence and work with a reputable real estate agent and legal advisor to navigate the process.
Additionally, properties must be registered with the Land Registry Office to ensure legal ownership.
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How does the property tax system work in Istanbul?
Property tax in Istanbul is calculated based on the property's value, with rates typically ranging from 0.1% to 0.3% annually.
Owners are required to pay this tax biannually, and failure to do so can result in penalties.
It is advisable to budget for these taxes when planning a property purchase.
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What are the potential risks of investing in Istanbul's real estate market?
Investing in Istanbul's real estate market carries risks such as market volatility and potential political instability.
Currency fluctuations can also impact the value of investments for foreign buyers.
Conducting thorough research and seeking professional advice can help mitigate these risks.
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What are the trends in the Istanbul real estate market for 2025?
In 2025, the Istanbul real estate market is expected to see continued growth, driven by urban development and infrastructure projects.
There is a trend towards sustainable and smart home technologies, which are becoming increasingly popular among buyers.
Additionally, the demand for properties in suburban areas is rising as more people seek spacious living environments.
How does the quality of life in Istanbul affect property values?
The quality of life in Istanbul, with its rich cultural heritage and vibrant lifestyle, positively influences property values.
Areas with good schools, healthcare facilities, and transportation links tend to have higher property values.
Buyers often consider these factors when choosing a location, as they contribute to long-term investment potential.