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Real Estate in Istanbul, Turkey

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By Betsy Burlingame

Last updated on Sep 05, 2022

Summary: People living in Istanbul, Turkey offer advice about real estate. How do you find a home in Istanbul? Should you buy or rent? What is the cost of housing?

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:

"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 another foreigner who made the move to Istanbul.

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

"Typical for expats.. It is a villa in a compound. Most of the people around this area are expats," said another person in Istanbul.

"We live in a middle-class Turkish neighborhood. It's mostly apartments in our area. There are very, very few expats in this part of town," remarked another foreigner who made the move to Istanbul.

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What is the average cost of housing in Istanbul?

If you are thinking about moving to Istanbul, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Much higher. Turkey is very expensive. Don't find a house for less that $5000 a month," said another person in Istanbul.

"Housing costs vary widely here. We don't live in a compound, so we pay much less in rent. Our rent for a 3 bedroom 1-1/2 bath flat with a Bosphorus view and within walking distance of shopping and the ferryboat is $400 US," added another expat who made the move to 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.

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