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Istanbul, Turkey

Real Estate in Istanbul, Turkey

By Betsy Burlingame

Last updated on Apr 02, 2023

Summary: The average cost of a nice 2 bedroom home in Istanbul, Turkey is around $200,000 USD. A nice 3 bedroom home in Istanbul is around $300,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. Some properties may also include a balcony or terrace. Foreigners are allowed to purchase property in Istanbul, however, there are certain restrictions. For example, foreigners are not allowed to purchase property in certain military zones. An expat looking to purchase a home in Istanbul should begin by researching the different neighborhoods and areas of the city. They should also consider their budget and lifestyle when selecting a property. Additionally, they should consult with a real estate agent to help them find the best property for their needs. The most desirable neighborhoods in Istanbul include Beyoglu, Besiktas, and Kadikoy. These areas are known for their vibrant nightlife, cultural attractions, and modern amenities.

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How do I find a place to live in Istanbul?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"When looking for a place to live in Istanbul, it is important to consider the area you would like to live in, your budget, and the type of accommodation you are looking for. A great way to start your search is to use online resources such as websites like Airbnb, Zillow, and Nestpick, which offer a variety of rental options in Istanbul. Additionally, you can also look for local real estate agents who can help you find the perfect place to live. Additionally, you can also look for local Facebook groups or forums that can provide you with helpful information about the different neighborhoods in Istanbul," said one expat in Istanbul.

"We narrowed down the area we wanted to live in and went to a local real estate agent and gave him the list of what we wanted in an apartment," remarked one member in Istanbul.

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What is a typical expat home or apartment like in Istanbul?

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Istanbul, Turkey

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