Madrid vs Istanbul — property investment comparison
Side by side on the data Arkon holds: live listing prices, price per m², inventory depth and acquisition costs. No forecasts and no modelled returns.
Which is stronger for…
- Past capital growth (2018–2024)
- Istanbul appreciated 95% versus 64% in Madrid. Historic research series, not a live index, and not a forecast.
Market metrics
| Metric | Madrid | Istanbul |
|---|---|---|
| Typical entry price (25th percentile of live sample) | €103,000 | not tracked |
| Median asking price | €108,000 | not tracked |
| Median price per m² | €2,189/m² | not tracked |
| Active tracked listings | 41 | 0 |
| Arkon-verified listings | 31 | 0 |
| Price growth 2018–2024 (historic research series) | +64% | +95% |
Istanbul acquisition costs
- Title Deed Transfer Tax: 4%
- VAT (KDV): 1–18%
- Notary Fees: 0.5–1%
- Agent Commission: 2–3%
Figures are medians and percentiles of the listings Arkon currently tracks, converted to EUR — not a market index. Rental yields are omitted because rent comparables are not yet held for these markets. Read the methodology.