Istanbul most affordable place to relocate in the world: UK-based study

  • 1 month ago
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Turkey’s largest city Istanbul has been chosen as the most affordable city in the world to relocate to, according to a study by a U.K.-based credit broker.

The research conducted by money.co.uk took into consideration factors like house prices, living costs, and average salary to determine the most affordable places to relocate.

With an annual living cost of 12,753 British pounds (TL 231,271), Istanbul became the most affordable place to relocate, 15,963 British pounds less than the average.

Istanbul was followed by Buenos Aires in Argentina, where the annual cost of living is 13,802 British pounds, and Kuala Lumpur in Malaysia claimed third place with an annual living cost of 15,240 British pounds.

Istanbul was also ranked as the second most affordable city break destination in the world in new research from travel expert Bounce.

However, the city is the most expensive city in Turkey in terms of housing and with rising inflation and consumer prices.

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