Is it possible to buy a cheap apartment in Istanbul

Is it possible to buy a cheap apartment in Istanbul
Is it possible to buy a cheap apartment in Istanbul? This question is frequently asked by many investors and people looking for housing and stability in one of Turkey's largest and most vibrant cities. Istanbul is not just an ordinary city; it is a bridge connecting two continents and is considered...
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Is it possible to buy a cheap apartment in Istanbul? This question is frequently asked by many investors and people looking for housing and stability in one of Turkey's largest and most vibrant cities. Istanbul is not just an ordinary city; it is a bridge connecting two continents and is considered the economic and cultural heart of Turkey.

Because it is a global city by all measures, real estate prices have seen a significant increase in recent years, leading some to believe that getting a cheap apartment in Istanbul is almost impossible.

But the reality is different; there are still multiple opportunities to get cheap apartments in Istanbul, especially in the suburbs and areas that are experiencing modern urban growth.

With the great diversity in real estate projects, there are wide options of cheap apartments for sale in Istanbul that suit different budgets, whether you are looking for a long-term investment or a home to live in.

In this article from Mbany Real Estate, we will discuss in detail:

  • Answering the question: Is it possible to buy a cheap apartment in Istanbul?
  • Factors affecting the prices of cheap apartments in Istanbul.
  • The most important cheap areas to buy an apartment in Istanbul.
  • Opportunities to obtain cheap apartments for sale in installments in Istanbul.
  • Comparison between prices in the center and the outskirts.
  • Practical tips and steps on how to buy a cheap apartment in Istanbul safely.

Is it Possible to Buy a Cheap Apartment in Istanbul?

Some believe that real estate prices in Istanbul have become too high to the extent that finding a cheap apartment in Istanbul is impossible. But the reality shows that there is a significant difference in apartment prices depending on the location and type of property.

While apartment prices in the heart of Istanbul (areas near Taksim, Besiktas, or Fatih) may be very high, we find that there are many apartments at reasonable prices in Istanbul within the developing areas that are still witnessing urban growth and development in their infrastructure.

Therefore, yes, it can be said that the answer is: it is possible to buy a cheap apartment in Istanbul if the market is studied and the area is chosen correctly.

Factors Determining Prices of Cheap Apartments in Istanbul

  1. Geographic Location: The closer the property is to the center of Istanbul and the tourist and commercial areas, the higher the prices. While cheap apartments for sale in Istanbul are more available in the suburbs.
  2. Proximity to Transportation: Areas served by transportation such as the metro and Metrobus often see an increase in prices, but it is still possible to find apartments at reasonable prices near new stations under construction.
  3. Type of Building: New apartments are more expensive, while cheap apartments for sale in Istanbul can be found in relatively old buildings.
  4. Surrounding Services: The availability of schools, hospitals, and commercial centers increases the value of the property.

Cheap Apartments for Sale in Istanbul

When talking about cheap apartments for sale in Istanbul, it should be noted that these opportunities are widely available, especially in areas a little far from the center. With modern real estate projects, these areas have become attracting large numbers of local and foreign investors.

Cheap Apartment for Sale in European Istanbul

The European side of Istanbul includes areas such as Beylikdüzü and Esenyurt, which are considered among the most prominent destinations for those looking for a cheap apartment for sale in European Istanbul. These areas combine reasonable prices and good infrastructure, in addition to the availability of public transportation.

Cheap Apartment for Sale in Esenyurt Istanbul

Esenyurt is one of the most popular areas for those looking for cheap apartments in Istanbul, where the price of an apartment ranges between very suitable levels compared to the rest of the city. It is also an area witnessing increasing demand from investors due to being an integrated residential center at low prices.

Prices of Cheap Apartments in Istanbul

Prices of cheap apartments in Istanbul vary greatly depending on the area and specifications.

Comparison of Apartment Prices in Different Areas

  • Center of Istanbul: Very high prices due to the strategic location.
  • Suburbs like Beylikdüzü: Average and relatively low prices with good building quality.
  • New areas like Silivri: The cheapest of all, making it suitable for those looking for the cheapest apartments in Istanbul.

Cheapest Apartments in Istanbul

Those looking for the cheapest apartments in Istanbul will find multiple options in neighborhoods that have not yet reached the peak of urban development.

These areas often offer very low prices compared to the general average, but they require patience from the investor because it may take time before their value increases.

Cheap Areas to Buy an Apartment in Istanbul

There are many cheap areas to buy an apartment in Istanbul, and these areas represent a golden opportunity for foreign investors.

Cheapest Areas in Istanbul to Buy an Apartment

  1. Esenyurt: The most famous and most in-demand among foreigners.
  2. Beylikdüzü: A modernly developed area with reasonable prices.
  3. Sultangazi: An average area offering economic apartments.
  4. Başakşehir (Outskirts): Some of its outskirts still offer apartments for sale at low prices in Istanbul.

Apartments for Sale at Low Prices in Istanbul

It is possible to obtain apartments for sale at low prices in Istanbul by following the special offers of modern projects, especially those that offer discounts and installment offers to attract buyers.

Buying an Economic Apartment in Istanbul

The option of buying an economic apartment in Istanbul is considered one of the best ways to start investing in real estate at the lowest possible cost.

Cheap Apartments for Sale in Installments in Istanbul

One of the most prominent advantages offered by the Turkish real estate market is the possibility of buying cheap apartments for sale in Istanbul in installments, where the amount can be paid over periods of up to 5 years or more.

How to Buy a Cheap Apartment in Istanbul

In order to be able to buy a cheap apartment in Istanbul safely and ensure obtaining the best investment opportunity, you must follow some important steps.

Important Tips for Buying

  • Choosing the area after careful study.
  • Comparing prices between several projects.
  • Dealing with a reliable real estate company such as Mbany Real Estate.
  • Ensuring the legal papers and the validity of the title deed.

The Role of Mbany Real Estate in Helping You

Mbany Real Estate plays a pivotal role in helping clients find the best cheap apartments for sale in Istanbul. The company offers comprehensive services that include:

  • Searching for the right property.
  • Providing legal and tax advice.
  • Assisting in obtaining the title deed (Tapu).
  • After-sales services such as property management and rental.

Frequently Asked Questions: Is it Possible to Buy a Cheap Apartment in Istanbul?

+ Is it possible to buy a cheap apartment in Istanbul in installments ?

Yes, it is possible to buy a cheap apartment in Istanbul in installments, and there are many projects that offer cheap apartments for sale in installments in Istanbul with flexible payment plans.

+ What are the cheapest areas in Istanbul to buy an apartment ?

Among the cheapest areas in Istanbul to buy an apartment, the most prominent are Esenyurt, Beylikdüzü, Sultangazi, and Silivri.

+ How much do cheap apartments in Istanbul cost ?

Prices of cheap apartments in Istanbul start from relatively low levels, and may vary depending on the area and type of property.

+ Is buying an economic apartment in Istanbul a good investment ?

Yes, buying an economic apartment in Istanbul is a good investment, as these apartments often increase in value over time due to urban development and increased demand.

+ How do I ensure that the process of buying a cheap apartment in Istanbul is safe ?

You can ensure that the process of buying a cheap apartment in Istanbul is safe by dealing with Mabani Real Estate, which guarantees you a safe and reliable buying process.

Conclusion: Is it Possible to Buy a Cheap Apartment in Istanbul?

In the end, we can confirm that the answer to the question: Is it possible to buy a cheap apartment in Istanbul? is yes, but it requires careful study of the market and careful selection of the area.

Many options are available, such as cheap apartments for sale in Istanbul and apartments at low prices in installments in areas such as Esenyurt and Beylikdüzü, which are ideal opportunities for both housing and investment.

If you are looking for a reliable partner to help you on this journey, Mbany Real Estate offers you the expertise and full support to find the best cheap apartment in Istanbul that meets your investment and housing aspirations.

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