Once the marketplace of the world, it can still be a bargain destination, writes Russell Maclennan-Jones.
The cheapest thing to do in Istanbul is simply to walk around, through quaint old streets following no obvious pattern, and run the risk of getting lost. The city is full of bargains for the curious traveller.
Locals are only too willing to help guide you, especially if they have a carpet shop they would like you to visit — and many locals in the busy Sultanahmet area seem to have a carpet shop, or be on the payroll.
Try the swankier area near Taksim Square across the Galata Bridge, using one of the cheap ways to get around, the $2.70 funicular (cable car) up from Katabas, the end of the main tramline through the city. Then you can walk down Istiklal Avenue with its posh shops and embassies and catch another treat, an elderly funicular known as the Tunnel, which gets you back to Galata Bridge.
But if instead you walk downhill through the narrow cobbled streets lined with shops that all seem to specialise in the local version of Freeview and satellite dishes, you can climb the Galata Tower (long queues at busy times and a fee of about $12), a fascinating reminder that the Genoese were in residence for many years.