Istanbul is among the top city to consider investing in, whether you are interested in residences for holiday, citizenship or even rental investment. If you’re thinking of investing in or buying a home in Istanbul and are wondering where to invest or what are the most suitable areas for properties for sale in Istanbul, you can find answers to your questions, in this article.
Introduction to the Areas
With Turkey and, in particular Istanbul constantly growing and changing with the introduction of new developments, the best real estate market to invest in is increasing. It is typical to ask questions about the best areas to invest in properties. Each investment zone has its own strengths and profit opportunities. To gain a better understanding of the regions it is possible to find the most sought-after areas in Istanbul below.
Basaksehir – Bahcesehir
Basaksehir situated on the European side of Istanbul is one of the most attractive places to buy real estate, both for local and foreign investors. Modern buildings meet the highest standards of comfort and the health, social, cultural, and educational facilities that make this area stand out from the rest of the investment area. Furthermore, this investment region is the closest area to the Istanbul Airport. With the large housing estates with recreation areas, Basaksehir-Bahcesehir is one of the best places to buy property in Istanbul.
Basinexpress
The Basinexpress area, which connects E-5 to TEM Highway, is usually suitable for the buy-and-rent investment model , rather than family homes. Basinexpress is renowned for its investment opportunities including apartments that have a the hotel design. Being near major shopping centers like that of the Mall of Istanbul, hospitals and universities makes the location of this area significant. Furthermore, since the Basinexpress is very close to Basaksehir and the Bahcesehir, it makes its location more appealing.
Beylikduzu
Beylikduzu, situated at the European side of Istanbul It is among the beautiful districts in Istanbul’s outskirts with green areas and wide streets. Since there is a gap of a few kilometers between Beylikduzu and Istanbul city center, Beylikduzu is the district which has projects with low costs in Istanbul. In addition, Beylikduzu is getting popular every day and is now one of the most sought-after locations for investors. There is an expected increase in the value of real estate after the completion of metro lines.
Zeytinburnu – Coastal Line
This area has luxurious projects that have a view of the sea and is ideal for luxury lifestyles rather than investing. Zeytinburnu The Coastal Line is one of the most expensive and prestigious areas in Istanbul. Since it has a very favorable location, it is one of the favorite places of foreign investment.
Taksim – Mecidiyekoy
Taksim Mecidiyekoy, which is within the oldest districts has the most expensive construction projects. The area is home to hotel-themed luxury residences. Taksim is located in Mecidiyekoy is a couple of minutes from the elite communities, including Nisantasi as well as Etiler. Since this neighborhood is in a very central location it is easily accessible from everywhere.
Maslak Maslak Levent – Kagithane
Maslak is located on the European side of Istanbul is the city’s center of investment as well as one of Istanbul’s largest property development areas. As one of the major commercial centers of Istanbul, there are many ultra-lux residences and skyscrapers. Kagithane district also has become popular recently due to its convenient proximity with Maslak and Levent. Maslak is most well-known for its residential complexes in addition to shopping malls.
Asian Side
Istanbul’s Asian part has a smaller foreign population than the European side, and the Turkish majority of citizens prefer more of the Asian side. Because of the new developments the real estate market has risen rapidly in recent years.
The first step is to decide what the purpose of buying an investment property? Do you want to live there or investment purposes? Then you’ll be able to determine which are the best locations to purchase a home in Istanbul. Each investment area has its own possibilities, and prices differ by district. Since Istanbul is the economic commercial, cultural, and political centre of Turkey there is a rising demand for Turkey’s real estate investment opportunities, either through obtaining Turkish Citizenship through property investment or profitable investment purposes. If you’re looking to purchase property for living purposes, you can search for neighborhoods in the European side of the country, like Beyoglu, Sisli, Bakirkoy, Beylikduzu, Sariyer, and Fatih. In terms of those on the Asian side, the top places to live are Uskudar, Suadiye, Maltepe and Atasehir. If you’re planning to purchase property for investment purposes, the best areas to invest in the European side are Taksim, Besiktas, Basaksehir, Beylikduzu, Basinekspress, and Maslak. As for what’s on the Asian part, Kartal, Pendik, Cekmekoy, Atasehir, and Uskudar can be the best regions to invest in.
What are the Benefits of Property Investment in Turkey
Turkey has seen a significant increase in its mega-projects as well as development investments in the last decade. Turkey has gained the interest of investors from all over the world because of these developments. Furthermore, the real estate sector is one of the most lucrative investment areas in Turkey. There are many benefits to owning real estate as well as investing into the real estate market is always a profitable option in Turkey. To sum up the benefits of property investment in Turkey;
Due to the incentives for investment provided by the government this program offers great benefits for foreign investors.
Investors are eligible for Turkish Citizenship if they make an investment of at least 250K USD in property investment.
The investors have the option to sell the property within three years with high return potential for profit.
Quality, affordable and affordable lifestyle
The real estate market benefits from the rapidly growing economy.
If you are interested in investing in Turkey and want to understand what you can do to invest in Istanbul get in touch with our team.
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