Get the latest insights on 2024 house prices in Istanbul, with a district-by-district breakdown and investmentopportunities for homebuyers and investors.
As of 2024, house prices in Istanbul continue to rise, making the city an attractive location for both local and international investors. The average price per square meter has reached 41,267 ₺/m², with the average sale price for a 115 m² property standing at 4,745,705 ₺. The market has shown consistent growth, with a 13.80% increase from December 2023 to September 2024, indicating sustained demand.
Istanbul’s real estate market is not uniform; prices vary greatly across districts, driven by factors such as location, infrastructure, and development potential. Here’s a snapshot of 2024 house prices across prominent districts:
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Sarıyer: Known for luxury waterfront properties, Sarıyer boasts an average price of 115,737 ₺/m². The upscale area is ideal for those seeking high-end homes with scenic views.
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Beşiktaş: Another high-end district, Beşiktaş has an average price of 114,259 ₺/m², making it a prime choice for affluent buyers.
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Kadıköy: On the Asian side of Istanbul, Kadıköy has become a hotspot, with an average price of 98,838 ₺/m² and an impressive 41.69% annual increase.
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Beykoz: Surpassing other districts in terms of growth, Beykoz has seen a 54.14% price increase, with an average price of 95,444 ₺/m².
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Şişli and Beyoğlu: More affordable options, with average prices below 60,000 ₺/m², appeal to investors looking for strong returns and competitive pricing.
Investing in Istanbul’s 2024 real estate market offers opportunities for both capital growth and rental income, with a 1-year forecast predicting a 30.22% increase in house prices. High-demand districts like Beykoz and Kadıköy offer the highest growth potential, while established areas such as Beşiktaş and Sarıyer remain solid options for luxury investments.
Now is the ideal time to invest in Istanbul’s booming real estate market, as prices are forecasted to continue rising, providing solid returns on investment for years to come.
| District | Average Price (₺/m²) | Average Sales Price (₺) | Payback Period (years) | Annual Change (%) |
|---|---|---|---|---|
| Sarıyer | 115,737 | 17,129,076 | 21 | 23.11% |
| Beşiktaş | 114,259 | 14,853,670 | 23 | 34.10% |
| Kadıköy | 98,838 | 12,354,750 | 20 | 41.69% |
| Beykoz | 95,444 | 18,134,360 | 28 | 54.14% |
| Bakırköy | 83,291 | 11,244,285 | 22 | 26.82% |
| Adalar | 75,042 | 9,530,334 | - | 38.82% |
| Şile | 63,716 | 11,405,164 | 20 | 34.66% |
| Üsküdar | 62,467 | 7,308,639 | 18 | 31.13% |
| Beyoğlu | 61,002 | 5,795,190 | 16 | 34.74% |
| Şişli | 56,579 | 5,997,374 | 16 | 26.50% |
| District |
September 2024 Average Property Prices (₺/m²) |
Average Property Prices (₺) |
|---|---|---|
| Sarıyer | 115,737 | 17,129,076 |
| Beşiktaş | 114,259 | 14,853,670 |
| Beykoz | 95,444 | 18,134,360 |
| Kadıköy | 98,838 | 12,354,750 |
| Bakırköy | 83,291 | 11,244,285 |
| Şile | 63,716 | 11,405,164 |
| Üsküdar | 62,467 | 7,308,639 |
| Beyoğlu | 61,002 | 5,795,190 |
| Maltepe | 50,878 | 5,036,922 |
| Ataşehir | 49,997 | 5,499,670 |
| Gaziosmanpaşa | 32,954 | 3,460,170 |
| Avcılar | 31,301 | 3,756,120 |
| Sancaktepe | 31,884 | 3,666,660 |
| Bahçelievler | 31,556 | 3,155,600 |
| Pendik | 36,610 | 4,027,100 |
| Tuzla | 39,000 | 4,329,000 |
| Kartal | 45,252 | 4,977,720 |
| Zeytinburnu | 45,730 | 4,847,380 |
| Eyüpsultan | 46,973 | 5,073,084 |
| Küçükçekmece | 34,699 | 3,469,900 |
| Çekmeköy | 38,949 | 4,284,390 |
| Büyükçekmece | 37,613 | 5,453,885 |
| Bağcılar | 33,944 | 3,733,840 |
| Şişli | 56,579 | 5,997,374 |
| Fatih | 32,839 | 2,955,510 |
| Bayrampaşa | 37,023 | 3,887,415 |
| Esenler | 32,009 | 3,168,891 |
| Sultanbeyli | 30,661 | 3,403,371 |
| Arnavutköy | 28,446 | 3,129,060 |
| Beylikdüzü | 28,355 | 3,771,215 |
| Esenyurt | 20,145 | 2,215,950 |
| Silivri | 29,879 | 4,063,544 |
| Çatalca | 37,570 | 4,583,540 |
| Ümraniye | 43,693 | 4,456,686 |
| Başakşehir | 43,879 | 5,616,512 |
| Güngören | 29,820 | 3,101,280 |
| Sultangazi | 28,000 | 2,772,000 |
*Data provided by statistical modeling methods from endeksa
Keep an eye on market trends and explore the best property options available.
You can easily browse through the latest properties for sale in Istanbul by visiting the Listing Turkey website.