Istanbul is one of the most desirable cities to invest in, whether you’re looking for residences for holiday, citizenship or even rental investment. If you’re thinking of purchasing or investing in a home in Istanbul and are wondering where to invest or the best areas to invest, you can find answers to your questions here in the article.
Introduction of the areas
With Turkey particularly Istanbul increasing in size and changing with the introduction of new developments, the best real estate investment areas is increasing. It is typical to inquire regarding the most suitable areas to invest in property. Every investment area has different strengths and potential for profit. To better understand the area you can see the most popular areas in Istanbul below.
Basaksehir – Bahcesehir
Basaksehir situated in the European side of Istanbul is one of the most attractive locations to purchase real estate, both for local and foreign investors. Modern buildings are built to the highest standards of comfort and the social, cultural, health, and educational facilities that make this area stand out from the rest of the investment zone. In addition, it is the closest area to Istanbul Airport. 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 with TEM Highway, is usually suitable for the Buy-and-Rent investment style, not for family homes. Basinexpress is renowned for its investment projects, such as apartments with the hotel design. Being close to major shopping malls like the Mall of Istanbul, hospitals and universities makes the location of the area important. Also, because the Basinexpress is close to the Basaksehir and Bahcesehir which makes its place more appealing.
Beylikduzu
Beylikduzu is located in the European side of Istanbul, is one of the most beautiful districts of Istanbul’s outskirts that has green areas and broad streets. Because of the distance in between Beylikduzu and Istanbul central city, the Beylikduzu is the region which has projects with low costs in Istanbul. In addition, Beylikduzu is getting popular each day and has been one of the most sought-after areas for investors. There is a potential for an increase in the value of real estate with the completion of the metro lines.
Zeytinburnu – Coastal Line
The area has luxurious homes with sea views and suitable for a luxurious lifestyle rather than investment. Zeytinburnu is a part of the Coastal Line is one of the most expensive and luxurious areas in Istanbul. Since it is located in an advantageous location, it’s one of the top places for foreign investors.
Taksim – Mecidiyekoy
Taksim – Mecidiyekoy, located within the oldest districts has the most expensive projects. The district is home to hotels and luxurious residences. Taksim the area of Mecidiyekoy is just a few minutes from the elite neighborhoods, like Nisantasi or Etiler. Because this area is located in a very central location it is easily accessible from everywhere.
Maslak Maslak Levent – Kagithane
Maslak located at the European side of Istanbul is the hub of investment and is one of Istanbul’s largest property development areas. Being one of the commercial hubs of Istanbul There are a lot of ultra-lux residences and skyscrapers. Kagithane district also has gained popularity in recent years due to its proximity close to Maslak and Levent. Maslak is the most famous for its housing complexes and shopping malls.
Asian Side
Istanbul’s Asian side has less foreigner populace than European part, while Turkish citizens mostly choose more of the Asian side. Due to the development of new projects the real estate market has risen rapidly in recent years.
First, you must decide the reason you are looking to purchase an investment property? Is it for living purposes or for investment? It is then your decision to decide on which are the best areas for a property purchase in Istanbul. All investment areas have different possibilities, and prices may differ by area. Because Istanbul is the major economic as well as cultural center of Turkey, there is an increased desire to invest in real estate in Turkey’s investment, either obtaining Turkish Citizenship through property investments or for investments. If you’re looking to purchase property to live in it is possible to search for neighborhoods on the European side of the country, like Beyoglu, Sisli, Bakirkoy, Beylikduzu, Sariyer, and Fatih. In terms of areas on the Asian aspect, best locations to live in can be found in Uskudar, Suadiye, Maltepe and Atasehir. If, however, you’re interested in buying property for investment, the best areas to invest in the European side are Taksim, Besiktas, Basaksehir, Beylikduzu, Basinekspress, and Maslak. As for the Asian part, Kartal, Pendik, Cekmekoy, Atasehir, and Uskudar are the ideal places to invest.
It is the Benefits of Property Investment in Turkey
Turkey has seen significant growth in its development projects and mega-projects over the last decade. Turkey has attracted the attention of numerous investors from around the world with these developments. Additionally, the real estate sector is one of the most profitable investment fields in Turkey. There are many benefits to owning real estate, as well as investing into the property sector is always a viable option in Turkey. To sum up the benefits of investing in property in Turkey;
Due to the incentives for investment that the government offers it gives great benefits for foreign investors.
The investors can obtain Turkish citizenship if they have a minimum of 250K USD of investment in property.
Investors can choose to re-sell the property after three years and earn high potential for profit.
High-quality, affordable lifestyle
The real estate market benefits from the rapidly growing economy.
If you’re looking for properties in Istanbul for sale and want to know why to invest in Istanbul reach out to our team.