The most expensive and cheapest neighborhoods in Istanbul for housing

Home page  /  Blogs  /  Real Estate Investment articles  /  The most expensive and cheapest neighborhoods in Istanbul for housing

The most expensive and cheapest neighborhoods in Istanbul for housing

Large differences in apartment prices in different areas of Istanbul

The most expensive and cheapest neighborhoods in Istanbul for housing
08th January 2023
  • 956

Do you think that real estate in Istanbul or the cost of living in it is inevitably high, given the huge developments it is witnessing in various fields and sectors? So you are very wrong, as there are many luxurious neighborhoods, there are also many medium neighborhoods suitable for everyone in terms of tastes and in terms of financial budgets as well.

In this article, the editorial team at Binaa Real Estate Company will highlight the most expensive and cheapest neighborhoods in Istanbul, so if you are interested, follow the article with us to the end.


The most expensive neighborhood in Istanbul

Sariyer is considered one of the most important and famous areas of Istanbul. It contains a lot of luxurious and distinctive real estate offers that are suitable for those with high budgets due to the unfavorable rise in real estate prices, and from here it was able to get the title of the area of ​​the rich, famous and politicians.

Sariyer contains many residential complexes equipped with all security facilities and high-quality services, not to mention international schools, universities, and important tourist places such as Amirjan Park, Rumeli Hisar Castle, and others.

On the other hand, it is necessary to mention the Levent area, which hosts many important embassies, consulates, and government centers, in addition to the luxurious real estate aspect that suits different tastes.

Maslak is one of the most sought-after neighborhoods in Istanbul, with a wide range of apartment buildings and luxury villas. The area is home to some of the city's largest banks, embassies, and international corporations, making it a popular choice for expats and wealthy locals alike.

Bebek and Ortaköy are two of Istanbul's most popular waterfront neighborhoods, and both areas have stunning views of the Bosphorus River, along with chic cafes, restaurants, and boutiques. Bebek is home to some of the most expensive real estate in the city, while Ortaköy offers more affordable options for those on a budget.

Kadikoy is another upscale area of ​​Istanbul with a range of luxury properties and has become increasingly popular in recent years due to its convenient location near many businesses, universities, and hospitals.


Cheapest neighborhoods in Istanbul

Esenyurt: It is a popular area for expats and students due to its relatively low cost of living. It is located near Ataturk Airport and is well connected to public transportation. The area is also home to many shopping malls and restaurants, making it suitable for those looking for a budget-friendly lifestyle.

Bahçelievler is another low-cost neighborhood that has become increasingly popular over the years and is located close to the city center, offering plenty of affordable housing options as well as access to cultural attractions such as museums and parks.

Küçükçekmece: Located on the European side of Istanbul, Küçükçekmece is a great option for those looking to save money. This residential neighborhood has plenty of inexpensive restaurants and cafes, as well as parks and gardens ideal for strolling.

Fatih: This historic district is located on the European side of Istanbul and is known for its old world charm as the streets are lined with traditional Ottoman architecture, while the waterfront offers stunning views of the Bosphorus Strait. In addition, it is home to a large number of restaurants, cafes and budget shops.


Advantages of housing and living in Istanbul

Istanbul is a vibrant and exciting city located in Turkey as it is the most populous city in the country and has a long history of being a major cultural, financial and commercial center and with its stunning architecture, rich culture and buzzing nightlife, Istanbul offers a plethora of benefits to those looking to make it their home.

One of the most important advantages of living in Istanbul is its excellent location, as Istanbul is located on both sides of the Bosphorus Strait, and it enjoys a geographical location at a strategic point between Europe and Asia, and this makes it an ideal place for both business and leisure trips. The city also provides easy access to neighboring countries such as Greece and Bulgaria, as well as other famous Turkish cities including Ankara and Izmir.

Istanbul is also known for its variety of housing options, whether you are looking for an apartment in the heart of the city or a villa in the suburbs, there are plenty of options to suit your needs and rental prices can be very reasonable depending on your budget, making it an attractive option for anyone looking to move there. .


Cons of living in Istanbul

One of the most obvious downsides to living in Istanbul is the cost of housing, as homes can be quite expensive, and it can be difficult to find an affordable place to live. Furthermore, apartments tend to be small and cramped, with much less space than one might expect.

Another downside to living in Istanbul is the traffic, with a population of over 15 million, traffic is often congested and travel times can be long and this can make getting around the city a frustrating experience at times.

Finally, air quality in Istanbul has deteriorated in recent years and pollution from cars and factories causes particulate matter levels to exceed acceptable levels on some days and this can have a negative impact on the overall health of those who live in the city.


Buying an apartment in Istanbul with Binaa Real Estate

Binaa Properties provides a professional and experienced team of real estate agents who are knowledgeable about the area and have a long history of successfully matching clients with their ideal apartments. They strive to make the process as efficient and stress-free as possible. In addition to offering a wide range of properties, the team can also provide advice and guidance regarding financing options, legal requirements and any other relevant issues in the real estate sector in Turkey that may arise.


Related articles :

The guide of real estate investment in Turkey 2022

Latest updates on Turkish citizenship and real estate residence

Luxury apartments for sale in Istanbul

How to obtain a Turkish passport?

The journey of looking for apartments for sale in Istanbul

Houses for sale in Turkey in installments

Villas for sale in Istanbul

Best offers for apartments for sale in Turkey 2022

How to obtain Turkish citizenship by real estate investment?

Steps to buying an apartment in Istanbul

Tourist Residency and Real Estate Residency in Turkey

The best real estate investment areas in Istanbul

#Binaa_investment    #real_estate   #Turkish_citizenship

#Istanbul_apartments    #real_estate_investment

Read also
The best tourism areas in Turkey for the winter of 2023

The best tourism areas in Turkey for the winter of 2023

19th November 2022
  • 1,848

A list of the most important Turkish tourist areas that are worth visiting in the winter

Advantages of buying a property under construction in Turkey

Advantages of buying a property under construction in Turkey

20th November 2022
  • 1,480

Buy a property under construction in Turkey and enjoy these features