Istanbul, Turkey
Property prices · 2026 · Middle East · Price +2.9% vs 2025
Property price trend in Istanbul (2024–2026)
Property comparison — cities in Turkey (2026)
Other Middle East cities (2026)
Frequently asked questions
How much does property cost in Istanbul in 2026?
In Istanbul, the average price per sqm in the city centre is TRY 44,940, and TRY 26,750 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Istanbul in 2026?
A 1-bedroom apartment in Istanbul rents for approximately TRY 16,050 per month in 2026. A 3-bedroom apartment costs around TRY 29,960/month.
Is it better to buy or rent in Istanbul?
Buying may offer better long-term value in Istanbul. The price-to-rent ratio is 10.0x — it would take approximately 10.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 28.50%.
What are mortgage rates in Turkey in 2026?
The average mortgage rate in Turkey is approximately 28.50% as of 2026. With a price-to-rent ratio of 10.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Istanbul changed?
Property prices in Istanbul have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Istanbul?
The average property price per square metre in Istanbul city centre is TRY 44,940 in 2026. Outside the centre, expect to pay around TRY 26,750/sqm.