Average square metre of a house in İstanbul is $2,150 per m2 in city centre and $1,000 outside of the city centre. Prices of villas in Bosphorus, old and low quality houses in slum areas and also the new development prices are also in these average prices. These prices are in line with Tehran, Kuwait and Damascus and they are around 50% more expensive than Kabul, Palestine, Jordan, Saudi Arabia and Iraq. However, these prices are less than half price of Kuwait, Lebanon and Qatar. As İstanbul is currently a major metropolis, with huge growth plans, it makes İstanbul house prices a real bargain!