Average real estate prices and rents in Türkiye

Do you dream of owning a charming house on the banks of the Bosphorus? Or perhaps you prefer to invest in a luxury apartment with a stunning view of the Aegean Sea?

Turkey is an ideal destination for those wishing to invest in real estate, as it is distinguished by its strategic location at the crossroads between Asia and Europe, and the diversity of its real estate options that suit all tastes and budgets.

But before embarking on the journey of buying or renting a home in Turkey, here is some important information you should know:

Average real estate prices in Türkiye:

• Apartments:
  • Prices of residential apartments in central Istanbul start from 400 thousand Turkish liras and reach one million Turkish liras.
  • Prices vary depending on location, apartment size, and level of services.
  • The Arnavutköy area is considered one of the cheapest areas in Istanbul, where a 3-bedroom apartment with a living room can be found for 300,000 Turkish liras.
• Villas:
  • Villa prices in Istanbul start from 1 million Turkish liras and reach 10 million Turkish liras.
  • Prices vary depending on location, villa size, and level of services.
• Houses:
  • House prices in Istanbul start from 500 thousand Turkish liras and reach 5 million Turkish liras.
  • Prices vary according to location, house size, and level of services.

Average rental prices in Türkiye:

• Apartments:
  • Rental prices for residential apartments in central Istanbul start from 3,000 Turkish liras and reach 10,000 Turkish liras.
  • Prices vary depending on location, apartment size, and level of services.
  • The Esenler area is considered one of the cheapest areas in Istanbul, where a 3-bedroom apartment and a living room can be found for 2,000 Turkish liras.
• Villas:
  • Rental prices for villas in Istanbul start from 5,000 TL and reach 20,000 TL.
  • Prices vary depending on location, villa size, and level of services.
• Houses:
  • House rental prices in Istanbul start from 4,000 Turkish liras and reach 15,000 Turkish liras.
  • Prices vary according to location, house size, and level of services.

Factors affecting real estate prices and rents in Türkiye:

• Location:  Central areas in major cities such as Istanbul and Ankara are considered among the most expensive areas, while rural areas far from city centers are among the cheapest areas.
• Property size:  The larger the property, the higher its price.
• Level of services:  Properties that provide integrated services such as swimming pools and gyms are among the most expensive properties.
• Age:  Newly built properties are among the most expensive properties.
• Supply and Demand:  The forces of supply and demand play an important role in determining real estate prices.

Important tips before buying or renting a property in Türkiye:

• Determine your budget before starting to search for a property.
• Compare prices between different regions and properties.
• Make sure you have all the legal information regarding the property.
• Use the services of a reliable real estate office.
• Learn about the real estate investment laws in Türkiye.
• Make sure to obtain an official translation of the purchase or lease contract.

Your first real estate guide in Turkey, Right Way Company informs you of the latest developments in the world of real estate investment in Turkey, and always guides you to the best.
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