My budget is $50,000. Can I buy anything in Istanbul?

7 April 2019

Unfortunately within a radius of 50 km from Taksim/Sultanahmet, you cannot find a proper house for living or investment for less than $65,000.  Our company sells thousands of properties and all our local search agents have been looking for properties for around $50,000 for the last 5 years and have not been able to find any proper property for sale. 4 years ago a few developers started to sell 1 bedroom apartments for $50,000, now all of them have been declared bankrupt! In the centre of Istanbul, land is very limited and prices are very high, for that reason it is impossible to build any apartment less than $65,000, however, if you can increase your budget to $65,000 you can get a studio apartment – or you can use your $50,000 as a down payment and pay installments over one or two years and buy a nice 1+1 bedroom apartment.