Expat Housing Guide: Moving to Istanbul

Istanbul's housing market is highly dynamic and increasingly competitive, especially since 2021. Property prices have been rising sharply (over 150% annually in some areas) due to high inflation, foreign investment, and limited supply in desirable districts. The city offers diverse housing options from historic apartments in central neighborhoods to modern high-rises and gated communities in newer districts. As a transcontinental metropolis, Istanbul features stark contrasts between European and Asian sides, with the European side generally commanding higher prices. The rental market is particularly tight for quality properties in central locations, with landlords increasingly preferring foreign tenants who can pay in foreign currency or higher rents to hedge against inflation.