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Property Dreams and Realities in Istanbul

Property Dreams and Realities in Central Istanbul
Nova Property

Consumers, who are searching for properties for sale in central Istanbul, are looking for homes which are a maximum of 100 square meters in size and 3 bedrooms that cost 200 thousand Liras. However, with prices rising on a daily basis in Istanbul, this is no longer possible.

When looking at the most selected criteria when searching for properties for sale, the types of property searched for most are 3, 2 and 1 beds, in that order. On the other hand, on the basis of their square meter size, 100, 120, 90, 130 and 80 square meter properties are being preferred, in that order. The maximum budget set aside for a property is 200, 300, 250, 150 and 350 thousand Liras, respectively. The highest number of searches made are in Istanbul, Ankara, Izmir, Antalya and Muğla, respectively.

800 thousand liras for a 100 square meter property

sisli-besiktasThe districts with the highest number of searches made in Istanbul are Kadıköy, Şişli, Beşiktaş, Üsküdar and Sarıyer, in that order. The average square meter price of residential properties for sale in Kadıköy, which is where buyers most want to own a property, is 8 thousand 650 Liras. That is to say, buyers need to be willing to pay 800 thousand Liras for a 100 square meter property. The average price in Şişli is 5 thousand 294 Liras, in Beşiktaş – which is the most expensive district of Istanbul – 15 thousand 336 Liras, in Üsküdar 4 thousand 175 Liras and in Sarıyer 9 thousand and 41 Liras.

Average square meter price of rental properties is 21 liras

When the search criteria of those searching for properties to let, it can be seen that the option of 2 thousand Liras is the one marked most. The other criteria selected are 1 thousand 500 Liras, 3 thousand Liras and 2 thousand 500 Liras, respectively. When the prices of properties to let in Istanbul are looked at, it can be seen that their average square meter price is 21 Liras. That is to say, the average rent of a 100 square meter property throughout Istanbul is 2 thousand 100 Liras. This price goes up to 2 thousand 600 liras in Kadıköy, which is again the district where the most searches are being made.

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