Cheap Properties for Sale in Istanbul

Istanbul, the cultural and financial hub of Turkey, has become an attractive destination for foreign property investors due to its unique location, rich history, and growing economy. In recent years, the city has witnessed a significant increase in demand for affordable properties, especially from Middle Eastern and European buyers who are looking for a second home or a profitable investment. In this blog post, we will explore some of the best options for cheap properties for sale in Istanbul.

The Average Property Prices in Istanbul

Before we delve into specific locations and properties, it is important to understand the average property prices in Istanbul. According to recent data, the average price per square meter in Istanbul varies widely depending on the district and type of property. While the most expensive areas like Beşiktaş and Şişli can reach up to 10,000 TL per square meter, other more affordable districts like Esenyurt and Başakşehir can offer prices as low as 2,500 TL per square meter.

The Best Locations for Affordable Properties

If you are looking for a cheap property in Istanbul, there are several locations that offer great value for money. For instance, the district of Esenyurt, located on the European side of Istanbul, has become increasingly popular among foreign investors due to its proximity to the new Istanbul Airport and the city center. In Esenyurt, you can find a one-bedroom apartment for as low as 250,000 TL and a two-bedroom apartment for 350,000 TL.

Another affordable location is Başakşehir, a rapidly developing district with modern housing complexes, shopping malls, and green areas. Here, you can find a one-bedroom apartment for around 300,000 TL and a two-bedroom apartment for 450,000 TL.

Conclusion

In conclusion, Istanbul offers a wide range of affordable properties for sale that cater to different budgets and preferences. By choosing the right location and consulting with a reputable real estate agency, you can find a cheap property in Istanbul that meets your needs and expectations. However, it is important to do your research, compare prices, and consider all the factors before making a decision.