Istanbul's most expensive place! Prices have reached 16 million, and rents have hit 70 thousand lira.

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Those considering buying a house for both housing needs and investment purposes are curious about the changing prices of houses for sale. Especially in Istanbul, where approximately 16 million people live, the average price of houses for sale in some districts has reached 16 million lira. In the same district, the average rent has become 70 thousand lira. So, which are the cheapest and most expensive districts in Istanbul? How much are house prices and rents in Istanbul? Here are the details...

THE MOST EXPENSIVE DISTRICT SARıYER

According to a report on Halk TV, the changes in house and rent prices in Istanbul over the last 4 years have been revealed for those considering buying a house. The region with the highest average house prices in Istanbul is Sarıyer. The average price of houses for sale in Sarıyer is 16 million 323 thousand lira, followed by Beykoz with 14 million 315 thousand lira. Kadıköy, Şile, and Bakırköy also ranked in the top five with 13 million 62 thousand lira, 12 million 270 thousand lira, and 11 million 846 thousand lira, respectively.

THE CHEAPEST DISTRICT ESENYURT

According to real estate data from a private company, the district with the lowest house prices in Istanbul is Esenyurt. The average price of a house in Esenyurt is 2 million 585 thousand lira. Sultangazi, Güngören, Arnavutköy, and Fatih also stand out as districts with affordable houses. The average prices of houses for sale in Sultangazi are 3 million lira, in Güngören 3 million 138 thousand lira, in Arnavutköy 3 million 275 thousand lira, and in Fatih 3 million 298 thousand lira.

THE DISTRICT THAT GAINED THE MOST VALUE IN THE LAST 4 YEARS IS ŞILE

In Istanbul, house prices have increased the most in Şile over the last 4 years. House prices in Şile have risen by 1353% in the last 4 years. Following Şile are Çatalca, Beyoğlu, Çekmeköy, and Pendik.

SARIYER IS ALSO FIRST IN RENT

In Istanbul, Sarıyer does not only lead in house prices for sale. With an average rent of 70 thousand lira, it is also first in the highest rents. Beşiktaş, Bakırköy, Kadıköy, and Beykoz also ranked high in rents. The average rents in Beşiktaş are 59 thousand lira, while in Bakırköy it is 50 thousand lira, in Kadıköy 49 thousand lira, and in Beykoz 39 thousand lira.

In the last 4 years, the districts where rents have increased the most are led by Çatalca with a 1916% increase. Following Çatalca are Pendik, Tuzla, Çekmeköy, and Sultanbeyli.