As of 2024, the Istanbul property market shows promising signs of recovery and growth after facing challenges in previous years. The average price of residential properties in Istanbul has risen approximately 15% over the past year, with prime neighborhoods seeing even higher increases.

Istanbul's property market saw a significant surge in September 2024, contributing to the overall increase in house sales across the country. Known for its rich history, diverse culture, and strategic location, Istanbul remains a sought-after destination for property buyers. Understanding the current trends in this evolving market is crucial for buyers, sellers, and investors looking to make informed decisions in 2024.

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Recent reports indicate a surge in sales volume, with transactions increasing by around 20% compared to 2023, driven by both local buyers and foreign investments. The overall market is expected to grow further, fueled by ongoing urban development projects and government incentives aimed at encouraging investment.

Houses sales increased by 5.2% in January-September 2024

Source : TUIK ( Turkish Statistical Institute )