Istanbul is a fascinating city encompassing centuries of history and extending gracefully across two continents.
Istanbul is home to diverse cultures and a vibrant demographic of various nationalities and ethnicities. To elaborate further, it is the pulse of Turkey. This is where the headquarters of many local companies exist and the city contributes the largest share to the tourism sector.
Knowing all of this, it is pretty much evident that properties in Istanbul are some of the most exceptionally desired in the country.
Foreigners have been showing immense interest in local real estate, especially residential properties. If you wish to invest in real estate in Istanbul but aren’t sure which areas to start with, this blog will highlight some of the best areas for real estate in Istanbul for investors to check out:
Beyoglu
Beyoglu is a vibrant district on the European side with thriving tourism and is one of the most historic parts of the city. You will find the colorful Istiklal Street in this district as well as the soaring Galata Tower and the Pera Museum.
The presence of so many historical buildings makes Beyoglu the ultimate choice for a profitable investment as the district is frequented by tourists and real estate is always in high demand.
Beyoglu is replete with apartment buildings with contemporary interiors and exteriors and is well-equipped with essential facilities.
To add to this, Beyoglu’s transportation network is one of the most impressive as it extends to various parts of the city.
Investing in real estate in Beyolgu is bound to offer excellent returns as they experience high demand from tourists who want to skip high-end hotels for rental apartments.
Uskudar
Uskudar is one of the most culturally rich parts of Istanbul. It is located on the Asian side and is perfect for investment for year-round living or to earn rental income.
This district is the perfect place for those who find joy in living a relaxed lifestyle surrounded by vibrant greenery.
Since Uskudar is close to the shore, a large number of properties in this district offer gorgeous views of the sea.
Not to mention, the government has made a significant effort to expand the transportation network by adding the M-5 train line as well as access to the Marmaray train and urbanize the district to make it more well-equipped.
Moreover, real estate in Uskudar offers a rich selection of newly built residential projects close to all the vibrant shopping malls and markets.
Zeytinburnu
Located on the European side, Zeytinburnu is also gradually becoming an investor favorite with its coastal location, and its sea-view residential properties.
Zeytinburnu's location is an immensely unique one as it lies close to the old city walls while being a modern district with innovative projects.
A good example of these modern projects is the prestigious Yedi Mavi complex which has over 300 apartment spaces with various layouts. The project sits on the coast of the Sea of Marmara and is the epitome of elite living with its extensive garden spaces, sports amenities, walking paths, and much more.
Real Estate in Zeytinburnu is largely popular not just for its modern aesthetics and high-quality features but also for the top-notch amenities they are surrounded by such as shopping malls and restaurants.
To add to this, the Marmaray train line is located here and extends all the way to the Asian side of Istanbul.
Basaksehir
A relatively newer and more modern district, Basaksehir stands out for its contemporary infrastructure, and zen-like vibe due to its family-friendly environment.
Established only in 2008, Basaksehir is a highly well-planned district with spacious sidewalks and large green spaces. For homebuyers, there isn’t any shortage of contemporary villas and apartments.
In fact, Basaksehir has grown popular among foreign buyers especially Arab investors due to its diversity in the types of residential real estate it offers.
In addition to the existing residential project, there is a constant introduction of new developments which include everything from spacious apartments to detached villas, offering a plethora of investment opportunities to buyers.
To add to this, the M3 metro line passes through this district to connect it to the M7, M9, and M1B train lines.
Sisli
Sisli is perfect for buyers who want to experience the active and energetic part of the city. It is also one of the busiest since it has the city's most famous shopping malls and other recreational amenities.
This district is also located in the centre of the European side making it seamless to reach from various parts of the city. Not to mention, some of the most elite hotels are also located here such as the Ramada Plaza, Hilton, etc.
One of its most upscale neighborhoods, Nisantasi, is known for its exclusive retail stores, and high-end restaurants.
Buying a property in Sisli means being in the center of everything and guaranteeing a successful investment.
Wrapping It Up
An irresistibly charming city that has also become the go-to destination for real estate investors, Istanbul’s rapid development is only skyrocketing its value.
You can connect with our team at Prime Property Turkey to discover the true potential of these areas as well as others to set in motion your search for valuable investment opportunities.
