Costs of living in Istanbul 2022

Created: 2022-03-10
Last Updated: 2024-04-19
Views: 1887

Content Index

First, Renting costs
Second, Studying costs
- 1- Schools
- 2- Universities
Third, Costs of transportation in Istanbul
Fourth, energy prices

Recently, Turkey, especially Istanbul, has become a living and stability destination for many foreign communities, particularly the Arab community, due to the unprecedented rapid development that the country is witnessing in all fields, most foreigners who came here and moved to live in Turkey came at first as tourists want to spend their annual vacation, But after that when they fell in love with this country, and with the Turkish state’s keen on encouraging the investors to transfer their investments here in Turkey, a large number of them decided to move and live in Turkey, some of them opened companies here and some others open a branch for their companies, and some of them came to study and complete their education, and some of them escaped because of the miserable circumstances of their country like Syrian and Yemeni people, and some of them liked the city and liked to stay as me, the writer of this article, and decided to stay there, Some of them came and invested part of their saving and bought a property for himself and for his children, Some came as a kind of risk and other some came to live an adventure, In all cases, all of them had a different reason to come and live in Turkey, but the common factor that unites them that they decided to stay and start a new phase and turn on a new page of their life here in Turkey.

Istanbul is an ideal city for Arabs, as the city is very famous for its many mosques, and its neighborhoods that suitable for Arab customs and traditions, it is characterized by Islamic style that present strongly in its various neighborhoods, and it is also an ideal choice for families, due to the availability of all services in it from both international and Turkish schools, government and private, and the availability of shopping centers and social services, so it is the first and best choice for Arab families. If you are a new arrival to Turkey and are thinking of moving and living in Istanbul, you have to know the costs and advantages of living in Istanbul, you must be aware of the prices and costs of life, whether rent, electricity, transportation, food, communications and other basic necessary expenses.

First, Renting costs

Renting an apartment is the most expensive cost compared to the rest of the other costs of living and the price of renting varies for several factors:

- The district you want to live in, as long as the district close to the center, prices are much more expensive than the other districts that outskirts

- The type of apartment if it is inside a residential complex or within a normal building. If the apartment is within a residential complex with services such as security, children’s areas, a swimming pool and other social facilities, it will be more expensive compared to apartments that are in a normal building, and you have to know that living in a residential complex you will have to pay monthly expenses for maintenance, known by “Aidat”, which will not be in case in ordinary building apartments.

The number of apartment rooms, the more rooms the apartment has, the higher price you will pay.

If this is your first time to rent an apartment, you should know that you have to pay in the beginning (a month in advance + two months insurance + 12% commission to the broker), and there are some apartment owners who ask for 6 months or a year in advance.

Renting prices in Istanbul are starting at an average of 3000 lira ($200) per month for a 1 + 1 apartment, and if you intend to move, you will have to pay 3000 in a advance + 3000 x 2 insurance + 12% x 12 months x 3000

By simple calculation it means 3000 + 6000 + 4320 = 13,320 pounds (900 dollars).

Second, Studying costs

The costs of studying in Istanbul depend on the level of study you will join, as well as the type of education you want:

1- Schools

If you intend to enroll your children, you should know the types of schools in Istanbul

- Turkish schools: Turkish schools are divided into public schools, which are the least expensive types of schools due to the support of the Turkish state.

International Schools: There are several international schools inside Istanbul. There are American schools, the British school, as well as Arab schools submitted with the ministries of education in Arab countries, such as King Idris School that belong to the Libyan Ministry of Education, as well as private international schools such as Al-Aqsa, Al-Huda and Al-Mustaqbal schools.

2- Universities

The costs of university education in Turkey are very low compared to other universities in Europe. The most important thing that distinguishes it, It is suitable for students that have a limited budget and who wish to study in a famous university and to gain experience. Turkey will be the ideal destination for them in this case. The universities here all follow the Turkish Ministry of Education, but at the same time they are divided into government universities and national universities.

Public universities: Public universities in Turkey provide good alternatives to national ones, because they are cheap with high-quality education system, and for this reason a large number of students are trying to joining it, in light of the availability to study in some public universities in English, The average of annual fees ranges starts from 240 to 1500 US dollars.

National universities: national universities vary, it depends on your study field you are going to select, and of course to the budget of the student wishing to enroll in them, and fees range from 5000 to 20,000 US dollars, in addition to the fact that there are many national universities that offer scholarships with advantages for clever students.

See the conditions for applying for the Turkish scholarship from here

Third, Costs of transportation in Istanbul

Istanbul is distinguished by its strength transportation network, not only for its strength, but also for its diversity. In addition to the bus network and private sector minibuses, Istanbul has a very strong metro network that competes European countries. So far, there are 7 subway lines, varied between tramways, metros and Marmaray metro, along with the metrobus, which is the most important and vital of all of them, here in Istanbul you have to have a transportation card, which is known as "Istanbul Card", which makes your moves much easier In Istanbul, at the beginning of the year Turkish government announces the new transportation tariff for citizens, which is part of the cost of living in Istanbul, they announced increasing in transportation tariffs, electronic ticket prices, taxis and minibuses by 36%, and 27% an increase in service bus fees that transporting students.

The bus tariff became 5.48 Turkish liras per person, while the metrobus became 8.13 Turkish liras, and the monthly card called (the blue card) became 430 liras instead of 316, and of course old people, students and teachers have their own tariff.

Fourth, energy prices

We mean by energy here electricity and natural gas, which is an essential part of living in Turkey. Unfortunately, energy prices in Turkey are generally high, and the cost of electricity bills reaches up to 150 liras, which can be increased, depending on the amount of usage per month, and water can reach 100 liras. per month and can go up so far.

As for natural gas, it is used for heating and for the heater to warm homes, and the average use of gas reaches 200 TL, but in winter the gas bill rises because the country is exposed to snow falling, rainy winds and storms. As for the prices of communications and the Internet, it starts from 50 TL for mobile networks, and starts with 100 TL per month for internet.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.