Istanbul's Affordable Suburb Outperforming All Its Neighbours

Kartal, a suburb on Istanbul's Asian side, has seen a significant surge in property prices over the past year, with average prices per square meter reaching $2,200, outpacing neighbouring districts like Kadikoy and Uskudar.

This trend is particularly notable given the current economic climate, with many investors seeking affordable yet promising opportunities. Istanbul's real estate market has been driven by citizenship by investment programs, attracting foreign buyers. The city's average price per square meter is around $2,500, with premium districts like Besiktas and Beyoglu commanding higher prices. However, suburbs like Kartal offer a more affordable entry point for investors, making them an attractive option.

In Kartal, specific areas like the streets surrounding Kartal Square and the waterfront district of Ayazma have seen significant redevelopment, with new residential projects and amenities emerging. The suburb is also home to the Istanbul Park racing circuit and the Kartal Beach, making it an appealing location for both investors and residents. Nearby, the Sisli district is undergoing significant transformation, with the $1.5 billion Sisli Central project set to bring new commercial and residential space to the area.

Market Performance

According to data from the Istanbul Real Estate Agents Association, property prices in Kartal have increased by 15% over the past 12 months, compared to a 10% increase in Kadikoy and 8% in Uskudar. The average price per square meter in Kartal is now $2,200, up from $1,900 in July 2025. This growth is driven by a combination of factors, including the suburb's relatively affordable prices, its proximity to major transportation hubs like the Kartal Metro station, and the availability of new residential projects.

For investors looking to capitalize on this trend, it's essential to consider the potential for long-term growth and the affordability of properties in Kartal. With prices lower than in neighbouring districts, Kartal offers an attractive opportunity for those seeking to enter the Istanbul real estate market. As the suburb continues to develop, with new projects and amenities emerging, it's likely that property prices will continue to rise, making it an exciting investment hotspot to watch.