Top 10 Istanbul districts with most profitable real estate investment
A general view from Istanbul while the fog covers the sky in a fall morning in Beykoz, Cekmekoy, Sancaktepe, Sultanbeyli, Kagithane, Uskudar, Umraniye, Besiktas and Sariyer districts of Istanbul, Türkiye, October 16, 2024. (AA Photo)
Real estate analytics platform Endeksa analyzed Istanbul districts for real estate investment potential after gathering key data.
Key factors in the investment score calculation include sale and rental prices, return on investment period, past price changes, stock levels, and future market forecasts.
Despite improvements in transportation infrastructure, districts with lower property prices compared to central areas have shown significant profitability. Interestingly, some of Istanbul’s and Türkiye‘s most expensive districts, such as Sariyer, Besiktas, and Sisli, did not rank at the top in investment scores.
Unexpected Istanbul districts take the lead
Endeksa General Manager Gorkem Ogut highlighted that transportation and infrastructure investments are key factors influencing property values.
He noted that in rapidly developing outer-city districts such as Sancaktepe, Sultangazi, and Pendik, population growth and new projects significantly drive property value increases over time.
Another critical factor affecting investment scores is rental yield. According to Ogut, rental returns in emerging districts are typically higher than in well-established areas, as demand for rental properties often exceeds supply.
As a result, property values rise quickly, making timely investments highly profitable.
Istanbul districts with most profitable real estate investments
- Sancaktepe
- Average sale price: ₺4,148,230 (~$113,856)
- Annual price change: 33%
- Average rent: ₺22,072 (~$606)
- Annual rent change: 53%
- Return of investment: 14 years
- Sultangazi
- Average sale price: ₺3,036,000 (~$83,338)
- Annual price change: 24%
- Average rent: ₺18,135 (~$498)
- Annual rent change: 45%
- Return of investment: 14 years
- Pendik
- Average sale price: ₺4,614,940 (~$126,698)
- Annual price change: 33%
- Average rent: ₺24,484 (~$672)
- Annual rent change: 54%
- Return of investment: 14 years
- Sultanbeyli
- Average sale price: ₺3,882,230 (~$106,591)
- Annual price change: 31%
- Average rent: ₺20,024 (~$550)
- Annual rent change: 48%
- Return of investment: 15 years
- Gaziosmanpasa
- Average sale price: ₺3,572,652 (~$98,092)
- Annual price change: 17%
- Average rent: ₺22,004 (~$604)
- Annual rent change: 31%
- Return of investment: 13 years
- Catalca
- Average sale price: ₺5,255,768 (~$144,277)
- Annual price change: 34%
- Average rent: ₺19,223 (~$528)
- Annual rent change: 48%
- Return of investment: 17 years
- Arnavutkoy
- Average sale price: ₺3,323,192 (~$91,208)
- Annual price change: 16%
- Average rent: ₺16,740 (~$460)
- Annual rent change: 48%
- Return of investment: 14 years
- Gungoren
- Average sale price: ₺3,302,555 (~$90,634)
- Annual price change: 16%
- Average rent: ₺20,571 (~$565)
- Annual rent change: 49%
- Return of investment: 13 years
- Tuzla
- Average sale price: ₺5,184,378 (~$142,320)
- Annual price change: 32%
- Average rent: ₺25,160 (~$691)
- Annual rent change: 48%
- Return of investment: 15 years
- Umraniye
- Average sale price: ₺4,913,136 (~$134,904)
- Annual price change: 28%
- Average rent: ₺26,588 (~$730)
- Annual rent change: 56%
- Return of investment: 14 years
Note: USD equivalents are approximate and calculated using the exchange rate of 1 USD = 36.432 TRY as of February 24, 2025.
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