What is the average cost of housing in Istanbul?

If you are thinking about moving to Istanbul, cost of living in probably a key consideration. Expats commented about the cost of housing...

"Housing costs vary widely here. We don't live in a compound, so we pay much less in rent. Our rent for a 3 bedroom 1-1/2 bath flat with a Bosphorus view and within walking distance of shopping and the ferryboat is $400 US," said a member in Istanbul, Turkey.

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"The cost of housing in Istanbul can vary greatly depending on the area and type of property. Generally, the average cost of renting an apartment in Istanbul is around €500-€800 per month, while the average cost of buying a property is around €1,500-€2,500 per square meter," remarked another expat who made the move to Istanbul, Turkey.