Referans Pendik

Istanbul, Turkey

1 / 16

Price from

$267,000

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

$2,784 / m²

cheaper than 85% of city projects

-44% vs the city median (Istanbul), sample of 30 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago

Properties

Condominium

Area

89 - 190 m²

Bedrooms

2 - 4

Readiness

Under construction

Available

9 of 9

Dry season

Jul, Aug, May

First instalment

50%

Properties

Condominium

Area

89 - 190 m²

Bedrooms

2 - 4

Readiness

Under construction

Available

9 of 9

Dry season

Jul, Aug, May

First instalment

50%

Is this expensive for the city

$2,784per m²cheaper than 85% of city projects

Median $5,015

$869$10,059

-44% vs the city median (Istanbul), sample of 30 projects

Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

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What it really costs

Payment plan

Step 1
On contract
50%
$133,500
Step 2
Tax
2%
$5,340
Step 3
After transfer
50%
$133,500

Total$267,000

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $267,000

Monthly rent: $1,300

$250$4,050

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

0%20%

Monthly income

$936

Annual income

$11,228

Gross yield

5.6%

Net yield

4.2%

Value in 5 years

$357,306

5-year ROI

55%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, May

Wettest months: Dec, Jan, Oct

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C

Monthly climate normal: temperature and rainfall
Month	Temperature, °C	Rainfall, mm
Jan	5.8	85
Feb	6.5	68
Mar	8.5	59
Apr	11.8	44
May	16.9	39
Jun	21.6	43
Jul	24.3	24
Aug	24.7	29
Sep	21.3	56
Oct	16.6	72
Nov	12.0	65
Dec	7.8	90

Source: NASA POWER, climate normal (2001-2020). Grid node 40.9, 29.2. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Status

Under construction

Total units

Available

Area

89 - 190 m²

Properties

Condominium

Status

Under construction

Total units

Available

Area

89 - 190 m²

Description

Kiler GYO is building Referans Pendik as a single block of nine units in Istanbul, and all nine remain available. The project is currently under construction in the Istanbul region.

Unit sizes range from 89 to 190 square meters, with layouts of 2 to 4 bedrooms. Prices start at 267,000 USD and go up to 795,000 USD, with a price per square meter of 3,000 USD.

With nine of nine units still on the market, buyers have access to the complete range of layouts and sizes, from smaller two-bedroom units to the 190 square meter four-bedroom option. The single-building format means one construction timeline rather than phased blocks.

Referans Pendik suits buyers looking at Istanbul housing with a defined set of parameters: this size range, this bedroom count, and a project still in the construction stage.

Location

Istanbul, Turkey

Market context

Apartment price

$1,800 per sqm

+12-15% YoY

Luxury waterfront price

$4,000 per sqm

+12-15% YoY

Foreign buyer transactions

$8.5 billion

Airbnb yield

7-10%

Mortgage rate

1.8% monthly

-28% YoY

Istanbul’s residential prices kept climbing in 2025, up 12‑15% year‑on‑year to about $1,800 per sqm in prime districts and $4,000 per sqm for luxury waterfront units. Rental demand remains strong, driven by 20 million tourists and short‑term yields of 7‑10%, while foreign buyer transactions reached $8.5 billion in 2024 and are expected to exceed $10 billion in 2025. Lower mortgage rates, now 1.8% monthly, are further supporting buyer activity.

Sources (6) · updated 21/08/2026

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