Best Places to Buy a Property in Istanbul
“On the meeting point of two worlds, the ornament of Turkish homeland, the treasure of Turkish history, the city cherished by the Turkish nation, İstanbul, has its place in the hearts of all citizens.” Mustafa Kemal Ataturk, first president of the Republic of Turkey.
Istanbul is the eighth-largest city and one of the fastest-growing economies in the world. Its strategic location as an intersection of sea trade routes and international land significantly contributed to its rapid development. The bustling city links the Asian part of Turkey to the European side through the famous Bosphorous bridge.
Despite the diversity of nationalities, cultures, and religions, Istanbul hosts the biggest numbers of foreigners and immigrants. With a heightened interest for real estate investment opportunities in Istanbul and the availability of extensive real estate projects, the city is the center of attraction for local and foreign investors. The increased demand has coincided with the Turkish government’s citizenship offer for foreigners. The government has amended its investment laws and opened doors for direct ownership.
However, with thousands of apartments and villas for sale and with so many neighborhoods on the European and Asian sides, where should a buyer start to search? Here are our few suggestions on the most popular places to buy a property in Istanbul.
The district has a well-developed infrastructure such as shopping malls, restaurants, schools, hospitals, and universities. With over 10,000 properties sold last year, Beylikdüzü has become one of the most searched areas in Istanbul with budget-friendly property listings.
The region is also close to famous seasides, just 10-15 minutes’ drive away. Public transportation is accessible with buses, Metro, and Metrobus.
Esenyurt attracts a lot of property buyers because of its proximity to the New International Istanbul Airport, one of the largest airports in the world. Apartments and villas are also fairly-priced which is ideal for foreigners seeking to make real estate investment in Istanbul.
With the new transportation and accessibility to the E-5 highway, Esenyurt provides ease of conveyance to every point in Istanbul. It is also one of the prestigious locations and is becoming increasingly popular among international real estate investors.
Situated on the Anatolian side of Istanbul, Kadıköy province is an amalgamation of fantastic markets, student accommodation, and a prosperous street bazaar. With over 8,000 properties bought in the last few years, it offers endless opportunities in terms of property investment.
Families are easily lured because the suburb has everything to offer from the city’s central transportation hub, malls, cafes, and Turkey’s biggest fish market.
Beşiktaş is a safe, modern, and green district on the shore of Bosphorous. It is the cultural and commercial center of the city and home to luxurious hotels and famous palaces.
The district also has an excellent transportation system and seaports. It is one of the most densely built-up areas in Istanbul and has the most expensive and premium properties. There are a lot of antique villas facing the Bosphorous in Beşiktaş.
The district has easy transportation access and is the most popular new area of Istanbul. In recent years, the location has witnessed notable growth in housing sales. From low-priced flats to spacious apartments, Bahçelievler is a great investment option among foreigners and Turkish nationals.
Bağcılar is home to Turkey’s largest media companies and textile industries. A lot of real estate development and projects are taking shape, creating remarkable real estate investment opportunities in Istanbul.
There are many newly-constructed high-rises in Küçükçekmeсe sheltering people with every level of income. Situated close to the airport, it has good connectivity with other districts in Istanbul. Major projects furnish sea-view villas and flats at economical prices with schools, hospitals, and universities located in close vicinity.
Şişli is the oldest and most extensive district in the city. Its central location and excellent links to the rest of the areas in Istanbul including access to nearby motorways make it an ideal place to buy property in Istanbul.
New projects are being built in the area providing numerous opportunities and benefits for new investors and property buyers.
It is often referred to as the perfect holiday destination in Istanbul. Sarıyer is a picturesque district on the European side and is located near the Bosphorous Strait. It borders the districts of Beşiktaş in the south and Eyüp and Kâğıthane in the west and southwest respectively.
There are numerous restaurants and cafes in Sarıyer and the local beaches are popular among Turkish nationals and tourists. There are a lot of premium villas often bought as summer residences, however, the local properties are a little expensive.
Bordered along the Bosphorus, most coastline communities in the districts have luxurious chalet mansions and prime beachfront cottages. In Kadıköy and Üsküdar, modern residential areas and apartment blocks comprise a third of the city’s population.
Having years of experience in the Istanbul real estate market, we have analyzed that both the Asian and European sides of Istanbul yield great ROIs on properties. At Extra Property, we harmonize buyer’s requirements with investment preferences and recommend the best properties at suitable prices. For more information, you can consult our real estate experts here.