Last Updated on February 24, 2020
Are you a first-time buyer wondering the best places to buy property in Istanbul? Here you can read brief information and decide where to buy a property in Istanbul from the wide range of neighborhoods to choose from.
Aside from being the largest and the most prestigious city of Turkey, Istanbul is also the biggest cultural and financial center of Turkey. And that makes the city a focus of interest for foreign property investors of all nationalities.
Istanbul offers wide range of great real estate projects including variety of great residences, offices, houses, apartments, holiday homes and luxury villas. The property market in Istanbul is endless. Foreign property buyers may benefit from really low prices of real estate and costs of living.
The city is a very busy one that commands exceptional rental returns for investors. Real estate prices in Istanbul have been rising annually that purchasing a property in Istanbul offers the potential of outstanding capital gains.
Istanbul and surroundings offer sun, sea, stunning views and beautiful scenery, friendly people, value for money, freehold properties, low cost of living, potential EU accession and great investment opportunities. The property prices in the region increases by 12.5% – 25% per annum.
Real estate sales in Istanbul are accelerating within the scope of new luxury projects and summer residence projects. Read more on our Why Buy Property in Istanbul? page.
Best Places to Buy Property
In Istanbul, your priority should be what and where to buy. Prices for housing offices for sale vary by the region. The neighborhoods on the European side especially maintain their values at all times.
In addition to the new projects on the many regions of Istanbul, also the urban transformation projects also provide great opportunities for real estate sector. The renewed buildings for sale ensure houses and offices in very affordable prices and suitable for every budget.
Your criteria when buying a property for living purpose should be prioritized with the opportunities for the place you work, social life of the region, transportation services, living conditions especially when you are a family with kids, health services, of the family should and housing advertisements should be considered in accordance with these criteria.
The central city districts, the most valuable properties in Besiktas, Beyoglu, Sisli, Macka, Levent, Mecidiyekoy, Ortakoy, Bebek and similar Bosporus European and Asian coastline districts has the most luxury residences and homes as well as the properties in Istanbul outskirts such as Bahcesehir, Beylikduzu, Buyukcekmece, Kucukcekmece and Esenyurt.
The districts where the most expensive properties are sold include; Besiktas, Sariyer, Kadikoy and Bakirkoy.
Among these districts, Bebek, Etiler, Ulus, Fenerbahce, Caddebostan, Suadiye and Atasehir neighborhoods host the most expensive properties for sale.
While Besiktas is the most expensive district in Istanbul, Esenyurt is the cheapest one.
the European side
Istanbul’s European side is more prominent when it comes to luxury residences, house and apartments and offices.
Esenyurt is one of the leading regions in real estate purchases. The value of the properties has rapidly increased thanks to the recent projects and newly established transportation options. Arnavutkoy (near New Istanbul Airport) and Beylikduzu come next offering great opportunities for property buyers.
For the ones who want to buy a property for investment purposes, than the Besiktas, Arnavutkoy, Basaksehir, Bahcelievler and Kucukcekmece districts and neighborhoods take the attention of the investors at first sight.
the Asian side
Istanbul’s Asian side is a prominent region mostly with its urban transformation projects. Thank to new projects and improved transportation, the real estate prices in the Asian side has also rapidly increased since a couple of years.
Fenerbahce, Caddebostan, Suadiye and Atasehir have the richest content in terms of office rentals and houses for sale. Prices are higher than any other districts and the real estate inventory are at luxury level.
For the ones who want to buy a business, resident or store for sale on Istanbul’s Asian side, as well as for investment purposes, you should prefer Kadikoy, Cekmekoy, Umraniye, Sancaktepe, Pendik, Kartal and Sultanbeyli.
Kadikoy is one of the most preferred districts for those who want to buy a business because of its proximity to the European side and its being a transportation hub. It is also one of the most preferred residential district on the Asian side.
With the improvement of the transportation options, the seaside districts of Kartal, Pendik and Tuzla also took their place on the real estate sector.
Quick Summary of All
Best places to live in Istanbul
Best places to invest in Istanbul
- Besiktas, Taksim, Sisli, Bakirkoy, Basaksehir, Beylikduzu, Arnavutkoy (near IST airport), Bahcelievler, Kucukcekmece
- Uskudar, Kadikoy, Sancaktepe, Cekmekoy, Umraniye, Atasehir, Bostanci, Maltepe, Kartal, Pendik
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