Istanbul is a vast city spread across Europe and Asia on the Bosphorus Strait's shores. This city is world-renowned for its magnificent history that extends throughout three empires — the Roman Byzantine and Ottoman Empires.
Apart from this, the city is considered the industrial center of Turkey as Istanbul contributes massively to the country’s industrial labor as well as serving as a business hub due to its attractive transcontinental location and accessibility to major international markets.
That’s not all! Istanbul is abundant in natural beauty as it boasts some of the most mesmerizing parks, beaches, and forests such as the Belgrad forest, Kemerburgaz Kent forest, Bakirkoy Beach, Florya Beach, etc.
The European side of this city, however, has gained notable popularity among foreign investors. In today’s blog, we will be highlighting all the reasons why the European side of Istanbul is in such high demand among investors and why you too should look into buying a home in Istanbul on the European side.
Options Available for Every Price
While many may think that the European side would only have elite real estate and expensive flats in Istanbul. But, the truth is that the property market on this side of Istanbul is super dynamic.
Property buyers have the benefit of exploring properties for all price points. From luxurious seafront villas to cheap 2-bedroom apartments for sale, the property market here is broad and diverse.
Furthermore, as a property buyer, you are not bound to just the busy city life. If you wish to live in the city without having to deal with all the urban inconveniences such as heavy traffic and noise, the European side has many locations beyond the city center that are equally vibrant and thriving but without the chaos.
A Plethora Of Modern Districts to Choose from
As a modern homebuyer, you are not limited in options when choosing your location for investment. The following list mentions some upscale districts as well as some emerging ones for investors to look out for.
Besiktas
One of the most elite districts in Istanbul, Besiktas is known for its gorgeous waterfront location, and being home to the grand Dolmabahce Palace, the picturesque Yildiz Park, and the beautiful Ortakoy Mosque.
The upscale Nisantasi area is nearby with its designer shops and cozy cafes. Homes in Besiktas in Istanbul are some of the most premium ones with lavish facilities that offer the best of urban lifestyle.
Besiktas is the ideal district for professionals and young individuals seeking a high-quality lifestyle in the heart of the city.
Basaksehir
Basaksehir is a relatively newer area, and one of the trending districts on the European side as it offers a large variety of newly built contemporary residential projects. Foreign homebuyers have an impressive selection of apartments and villas with access to deluxe social facilities to support a contemporary lifestyle.
This district enjoys easy connectivity to the Istanbul International Airport, the largest airport in Turkey. Furthermore, it has access to solid transportation facilities via the M3 train line and Metrobus services.
Furthermore, the district is home to the sprawling Basaksehir Millet Bahcesi and features an impressive selection of government and international schools, making it a super family-friendly location for expats.
Not to mention, Basaksehir is constantly undergoing development, making the properties in this area a strong investment for the long term.
Buyukcekmece
Next on our list is Buyukcekmece, a dazzling coastal area that promises homebuyers a serene life away from the bustling city center. Here, you will find thriving green spaces such as the Kultur Park as well as the Great Ataturk Park.
Overall, this district offers a welcoming, family-oriented ambiance due to its serene and easygoing environment.
If you’re someone looking to start life in a tranquil part of Istanbul and enjoy life in a seafront home, Buyukcekmece is just the place for you.
Zeytinburnu
Lastly, we have the promising district of Zeytinburnu, a lively area located near the spectacular Marmara Sea. The district enjoys various transport facilities such as access to the Marmaray Line which connects it to the Asian side.
What’s more, this district is located only a few minutes away from the Ataturk Airport and it also has accessibility to the E-5 highway. To add to this, Zeytinburnu also has underground train and tram services as well.
This district is a striking blend of historical structures such as the Church of St. Mary of the Spring and the Merkezefendi Mosque, with modern developments such as elite shopping malls and entertainment facilities including the Marmara Forum Mall, and the Olivium Outlet Centre.
Additionally, the flats and villas in Zeytinburnu have the added advantage of providing panoramic sea views to their residents as well as a wide selection of deluxe facilities such as swimming pools, security, playgrounds, and more.
Featuring Historic Districts Such As the Sultanahmet
The European side holds many of the historic structures and landmarks, making it a heaven for those who love all things history. To start, the famous Galata Tower, built in 1348, is located in Beyoglu. The opulent Sulamaniye Mosque which was built by the famous architect of the Ottoman Era, Mimar Sinan, is located in Fatih.
The Sultanahmet area has the 6-century Basilica Cistern where visitors can find the infamous Medusa heads.
To add to this, Fatih also has the energetic and centuries-old Kapalıçarşı or Grand Bazaar with its 4000+ shops selling all kinds of items.
Home To The Bustling Business Centres of Istanbul
Apart from having unmatched entertainment facilities and a happening nightlife, it has some of the busiest business districts. The best examples of these business centers are Levent and Malak as these areas are dotted with high-rises that boast offices for major companies, including the headquarters for leading banks.
Sisli is another neighborhood that is brimming with office buildings and commercial properties.
Exceptionally High Returns For Investment
The European side of Istanbul has a lot of developmental projects that contribute to the increase in the value of the properties located here. A good example of these projects is the recently inaugurated Istanbul International Airport, one of the largest in the world.
Furthermore, this part of Istanbul has a much more vast transportation network compared to the Asian side and it also features the upcoming Kanal Istanbul which is a waterway project aimed at minimizing the maritime load on the Bosphorus. Resultingly, properties on the European side promise much higher returns in the long run.
A Prime Chance To Acquire Turkish Citizenship
By investing in properties in Istanbul, you don’t just become a homeowner in the most majestic city in the world but you can access the chance to become eligible for Turkish citizenship.
Prime Property Turkey leads the way in offering an impressive portfolio of projects that meet the preferences and tastes of every buyer and provide foreign homebuyers with robust investment solutions.
Drop us a line today to get all the details on how your property investment in Turkey can help you qualify for the Turkish Citizenship by Investment Program.
