Where to Buy Property in Istanbul
Knowing where to buy property in Istanbul is key to making a wise investment. As a leading country in Turkey in terms of population, infrastructure, business, tourism, education and health, it is growing and the latest trends and developments are constantly emerging. In the last ten years, the expansion of the European side has strengthened the real estate market and attracted many foreign buyers and foreign investors.
Anyone entering the Istanbul shopping mall has 39 government areas to choose from, including Asian and European sections. It may seem like an overwhelming choice, but if you know exactly why you are buying, it narrows down the candidates. For example, anyone considering a purchase investment would do well to consider the Fatih and Beyoglu areas. Both are the new and old Istanbul and the most popular tourist destinations.
The Sariyer area has a large portfolio of luxury apartments and the Kilyos area is perfect for those looking for a place close to the beach. Meanwhile, buyers on a budget will like Esenyurt which offers the cheapest price per square meter. These areas are one of the most important, and for good reason. This list should also give you some ideas of where to invest in a smart home.
Where to Buy Property in Istanbul
Besiktas
The name Besiktas is known throughout Turkey, not only because of the top football team but also because the region bears its name. Located on the European shores of the Bosphorus, its residential atmosphere makes it ideal for families, and professionals choose it because of the Levent business district. Everything you need can be found in Besiktas, including excellent transport systems, shopping, and exciting nightlife. The Ortaky region is best known for its waterside mosques that often appear in travel magazines. Bebek, another popular destination is a good place to find luxury properties.
Esenyurt – European Istanbul
The location in the interior of Esenyurt offers affordable property prices, home buyers have the best of both worlds as new developments feature the latest in lifestyle. Examples include swimming pools, gyms, saunas, on-site restaurants and shops, walking trails, landscaped gardens and Turkish baths. Well connected to downtown Istanbul by metro and bus, it is located on two main roads, making it a place where you can get away from the hustle and bustle, but close enough for convenience. Its residence and four gardens make it ideal for families, but it attracts many buyers thanks to its innovative features and good prices.
Beylikduzu
For a seaside location, look at Beylikduzu that also attracts investors thanks to new developments and capital appreciation potential. Places like Gurpinar lure locals at the weekend who want to relax with a sea view but Beylikduzu has also done an excellent job of protecting green spaces, hence hasn’t suffered the concrete jungle effect that others places have. With prices of property starting at 350,000 to 400,000 Turkish lira and a lucrative exchange rate, this is another area attracting much foreign interest.
Kucukcekmece
Facing the sea of Marmara, Kucukcekmece is another popular area. Its location near a large lake and as the starting point for the planned route of the Istanbul Canal has attracted many investors. There are 21 areas to choose from, although Yarimburgaz has many of the caves that are protected for archaeological purposes. Shopping in Kucukcekmece is good if you want a place by the sea, an attractive transport network and a supermarket.
Sancaktepe in Asian Istanbul
Sancaktepe is an excellent choice for international home buyers because it is only 20 minutes from Sabiha Gokcen Airport. Another reason for its popularity is that most of it is forest land, giving more views of Turkey’s largest city. Inside the park are picnic shelters and walking trails. Established in 2008, it is a short drive from Uskudar port if you want to go to the European side. Also, many of the items for sale are new, some of them are visually appealing and include lifestyle items.
Buyukcekmece
Located by the sea and with a population of 380,000, Buyukcekmece has always been a favorite weekend getaway in the heart of Istanbul. This trend continues today, with many buying new vacation homes in the area for summer use. This trend is easy to explain because Buyukcekmece has a 26-kilometer beach that includes restaurants, bars and shops, which attracts tourists.
Beyoglu
Beyoglu, the heart of the new Istanbul includes the long Istiklal Avenue, the longest and busiest street in Turkey. Anyone who buys a home here will find things moving fast and non-stop. Given that it has been built, most of the items for sale are houses for sale, some of them reflect the past when art nouveau architecture was all the rage. Beyoglu is timeless and classic, and for investors looking for a rental, it’s a great place to start, especially in the Cihangir area.
Kadikoy
Next to Uskudar on the Asian side, Kadikoy is another important place, especially for its boat connections with the main islands and the European side. While properties near the coast bring higher prices, other neighborhoods in the city offer more options. Everything you could possibly need is available in Kadikoy, including social conditions, shopping options, good transport links and easy access to Sabiha Gokcen Airport. As more people seek to discover parts of Istanbul away from the usual tourist spots, its popularity continues to grow.
Start Searching for Your Property
We hope that the above ideas of where to buy property in Istanbul will help, if you have any questions or want to speak to a local agent for more information, call us today . You can also start your home search by browsing our portfolio of houses and villas for sale. Property listings include everything you need to know including location, price, home plans and inquiry forms to find out more or schedule a viewing.
Where is the Best Place to Buy Property in Istanbul?
Determining the best place to buy property in Istanbul is subjective and depends on individual preferences, lifestyle, and investment goals. However, one standout location that consistently garners attention is Beşiktaş. Nestled along the Bosphorus, Beşiktaş seamlessly blends historical charm with modern amenities, offering a unique living experience. This district appeals to both locals and expatriates, with its lively atmosphere, trendy cafes, and proximity to iconic landmarks like the Dolmabahçe Palace. Additionally, Beşiktaş boasts excellent transport links, making it convenient for daily commuting. The diverse range of properties, from luxury waterfront apartments to stylish penthouses, caters to various tastes and budgets. Overall, Beşiktaş stands out as a top choice for those seeking the best of Istanbul’s real estate opportunities, providing a perfect blend of culture, convenience, and investment potential.
Is it Worth Buying Property in Istanbul?
Investing in property in Istanbul is widely considered a worthwhile endeavor for several compelling reasons. Istanbul, as a city that straddles both Europe and Asia, boasts a rich cultural heritage, a dynamic economy, and a strategic global location. The real estate market in Istanbul has witnessed consistent growth, offering a diverse range of properties suitable for various preferences and budgets. Whether for residential purposes, investment, or establishing a business, Istanbul’s property market caters to a broad spectrum of needs. Additionally, ongoing urban development projects, improving infrastructure, and the city’s increasing prominence on the global stage contribute to the potential for property value appreciation. With a favorable climate for foreign investors and a vibrant lifestyle that combines tradition with modernity, buying property in Istanbul is often seen as a sound investment, offering both tangible and intangible returns in a city that continues to evolve and thrive.
Can Foreigners Buy Property in Istanbul?
Yes, Turkey welcomes foreign investors, and the legal framework allows foreigners to buy property in Istanbul. The Turkish government has implemented policies to encourage international investment in real estate, making it relatively straightforward for foreigners to acquire property. Foreign nationals can own both residential and commercial properties in Istanbul, enjoying similar rights and privileges as Turkish citizens. The process involves obtaining a Turkish Tax Number and opening a bank account in Turkey, with legal professionals often recommended to navigate the intricacies of the transaction. This openness to foreign property ownership has contributed significantly to Istanbul’s appeal as a global real estate destination, offering a diverse range of opportunities for those looking to invest in one of the world’s most culturally rich and strategically located cities.
