At Place Overseas, we have picked the BEST apartments in Istanbul for sale in upcoming areas and prime locations. Call us + 44 (0) 20 8371 0059 to find the right Istanbul apartment for investment and lifestyle. Straddling east and west, this world city has a fascinating mix of old and new – and Istanbul apartments, penthouses embody this dichotomy.
A housing shortage, coupled with Turkey’s economic success has meant that property prices are rising in Istanbul – and Istanbul apartments are being snapped up at lightning speed, with 90% of units sold before development completion.
New apartments in Istanbul European side by developers such as Rixos and the Trump Organization are the ultimate in modern style and no-holds-barred luxury, with 5-star hotel facilities and every ‘extra’ imaginable. These luxury Bosporus view Istanbul apartments command eye-watering prices. However, Istanbul luxury apartments market is rising so fast (more than 10% annually according to a recent Reuters report) that smart investors know their rewards will be great.
Expect to pay around £150,000 for a smallish apartment in European Istanbul centre. Prices range up into the millions of pounds for super luxury apartments in Istanbul top locations such as Sisli, Bebek.
Renovated Istanbul apartments are a good option for investors looking for something with a more traditional feel. As good an investment as a new build, there are a number of Ottoman-style building blocks that have been tastefully renovated in the stylish European side of the Bosphorous. Renovated apartments in Istanbul start at around £200,000.
Development projects have also sprouted on the city’s outskirts. Designed to cater for the growing population of commuters, these units are small but have good facilities and travel links to the central city. These cheap apartments in Istanbul are a good option for people looking to dip their toe into the city’s investment and rental market. Units start at around £45,000.
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