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.

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," said one expat who made the move to Istanbul.

"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," explained one foreigner living in Istanbul, Turkey.

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

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