What is the cheapest place to live in Istanbul city centre ?
The Cheapest Places to Live in Istanbul City Centre
Finding affordable housing in Istanbul city centre can be a challenge, especially with increasing demand. However, certain districts like Fatih, Zeytinburnu, and Kagithane provide more budget-friendly options compared to upscale areas like Sisli or Besiktas, while still offering excellent access to transportation and amenities.
Affordable Neighbourhoods in Istanbul’s City Centre
Fatih
Fatih is one of Istanbul’s most historic districts and offers a mix of traditional and modern housing options. Many expats and families are drawn to areas like Aksaray and Laleli for their convenient location and relatively affordable housing. Average rents for a two-bedroom flat range from 8,000 to 14,000 TRY per month, while sale prices typically fall between 25,000 and 40,000 TRY per square metre. Fatih’s excellent transport connections, including metro and tram lines, make it a practical choice for those seeking affordable flats for sale in a central location.
Zeytinburnu
Located close to Fatih, Zeytinburnu is a district that has undergone significant urban regeneration, offering a blend of older and modern housing. With rents averaging between 7,500 and 12,000 TRY for a two-bedroom apartment, and sale prices ranging from 22,000 to 38,000 TRY per square metre, Zeytinburnu is appealing to those looking for reasonably priced properties. Its proximity to Marmaray and the availability of modern complexes with sea views make it a prime choice for affordable apartments with easy access to the city centre.
Kagithane
Kagithane is a fast-developing district that has become a popular choice for professionals and families seeking value for money. Average rents for two-bedroom flats range from 8,000 to 15,000 TRY, while sale prices typically fall between 23,000 and 37,000 TRY per square metre. Known for its proximity to business hubs like Levent and Maslak, Kagithane attracts buyers and renters looking for affordable flats in modern residential complexes with convenient amenities.
Property Market Trends in Istanbul
The property market in Istanbul’s central districts has seen steady growth throughout 2024. Rental prices for two-bedroom flats in these areas now range from 7,000 to 15,000 TRY per month, reflecting increased demand. Sale prices generally fall between 22,000 and 40,000 TRY per square metre, depending on the district and building quality.
Final Thoughts
Fatih, Zeytinburnu, and Kagithane offer affordable housing options for those looking to live or invest in Istanbul’s city centre. Whether you are interested in rental properties or purchasing a flat, these districts provide a good balance between cost and location, making them attractive to both locals and expats. For anyone seeking affordable homes or investment opportunities, these areas remain some of the best choices in the heart of Istanbul.
