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The fact of high prices in the vicinity of Istanbul 2024

Posted by ibrahim writer on ديسمبر 27, 2023
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The fact of high prices in the vicinity of Istanbul is our topic today, which we will talk about in our next article

In our modern world, the issue of high prices is something that cannot be ignored in the vicinity of Istanbul, which is considered one of the largest and most important cities in Turkey

This price increase reflects a daily reality that affects the livelihood and stability of the population. The problem of rising prices is not just an economic issue

It is an issue that deeply touches people’s lives. It is important to understand the real causes and effects of this height and how it can be dealt with

We can start by understanding the basic truth about the fact that prices are rising in the vicinity of Istanbul and how this affects people and the local economy

In this article, we will highlight the causes and factors that contribute to this phenomenon and we will look at possible solutions that can help mitigate the repercussions of the fact of high prices in the vicinity of Istanbul on Istanbul society and its residents

It is important to understand how this affects the lives of individuals and how we can effectively meet this challenge

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The diversity of prices in Istanbul find out the differences between the areas of the city

There is no doubt that each area in Istanbul has its own specificity, both in terms of the type of real estate available, its advantages, the services provided in it, and the available means of Transportation

In addition to its location, both on the Asian side and the European side of the city. When looking for a property in Istanbul

The obvious differences in prices will appear, and we will seek to highlight the fact that prices are rising in the vicinity of Istanbul. continue reading the article with us

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The average prices of apartments in Istanbul is based on the principle of calculating the arithmetic mean, which is used in mathematics to analyze data

This principle makes it possible to extrapolate the average value of prices on the market. This is done by collecting a variety of samples that include different types of prices for the same product, and then the total is divided by the number of samples

According to the latest statistics for 2022, the price per meter of apartments in Istanbul ranges around 702 US dollars, according to the zangat website specialized in the real estate sector

It is worth noting that this price can increase to more than 1500 dollars in some modern areas and reach multiples of this figure in the most important areas of the city

The value of each property varies based on location and specifications

In addition to the previously mentioned factors. In order to provide more information without superfluous details, in the next paragraph we will present the averages of apartment prices in Istanbul in local currencies

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Prices for apartments in Beylikduzu

Beylikduzu district, located on the European side of Istanbul, is known for its excellence and wonderful architectural offer

This area is characterized by its large urban projects, wide streets, luxury residential complexes, which offer stunning views of the Marmara Sea or lake kuchukcekmece

The table below shows the average prices of apartments in Beylikduzu in US dollars and Saudi riyals, along with the Turkish lira, based on data from zangat, a website specializing in the real estate sector

It is worth noting that this data includes all types of real estate in the region, both new and old. This should be taken into account when considering prices

Please note that these data were updated on June 2, 2022, and prices may vary depending on the type of property and the individual features of each housing unit

Beylikduzu-European Istanbul region

Currency Average price per square meterAverage price of an apartment for 100 meters
Turkish lira470 8 635252 / 1،058،753
Saudi Riyal1.929144704 / 241174
The US dollar51438570 / 64283

Asenyurt district is considered one of the real estate active areas in the Western European side of Istanbul, and is famous for its affordable real estate. Through the following table

We can see the latest average apartment prices in Esenyurt, Istanbul for 2022. Data from the Zingat website, which specializes in the real estate sector, was used

, And this data was updated on the date of June 2, 2022. It is noted that these data include various types of real estate in the region, including new and old real estate. Please note that prices may vary depending on the type and specifications of the property

Esenyurt-Istanbul European region

Currency Average price per square meterAverage price of an apartment for 100 meters
Turkish lira6.250468.717 / 781.200
Saudi Riyal1.423106.769 / 177.950
The US dollar37928.459 / 47.432

The Asian part of Istanbul attracts many investors looking for luxury homes, due to the luxurious and sophisticated real estate projects that this area embraces. The prices of apartments in Asian Istanbul vary based on the region and its importance. Among the most important areas in the Asian part are

The upscale Uskudar district. According to zangat, a website specializing in the field of real estate, the average prices for residential real estate (including new and old properties) were as follows

Uskudar-Istanbul Asian region

Currency Average price per square meterAverage price of an apartment for 100 meters
Turkish lira13.045978.395 / 1.630.700
Saudi Riyal2.971222869 / 371458
The US dollar79259405 / 99010

Own and invest with confidence in Turkey with our distinctive services

When searching for the cheapest apartment prices in Istanbul, we can direct our clients to look for suitable opportunities in areas that are currently experiencing active real estate development

And we help them to actually find these opportunities. Those wishing to own a particular property can choose from attractive and affordable options in projects marketed by Kit real estate company

They can contact the team of consultants specializing in the Turkish real estate sector for accurate real estate advice and free consultations

We provide services that continue even after the sale and follow-up of the Turkish citizenship file for those who purchase a property worth more than 400 thousand US dollars

In addition to many other services. We are here to help you own a safe property in Turkey and take advantage of attractive real estate opportunities

We are here to guide you and provide the necessary tips to facilitate the process of buying properties that meet your needs and fit your budget. We always strive to provide the highest level of technical and artistic quality to ensure the realization of your dream of owning a property in Turkey

We offer integrated services to help you obtain Turkish citizenship by investing in real estate in Turkey. We provide comprehensive guidance that includes choosing the right property and extends to obtaining a Turkish passport as soon as possible

Our specialized team in the field of decoration and design has a long experience in decorating and design, and is responsible for overseeing the implementation of projects strictly. We also offer architectural and interior and exterior design consulting services in Istanbul

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Feel free to contact our consulting team today to get more information about the available residential and investment properties in the Istanbul area

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