Where to Buy Property in Istanbul?
Istanbul is widely known as one of the largest and fastest-growing metropolitan cities in the world. The middle class which constitutes a little less than half of the entire population is growing rapidly. With this, the real estate market of the place is also escalating with an additional demand of several lakhs of residential units every year. The market also attracts foreign nationals.
Istanbul is a promising place to purchase property. It is divided into 39 districts, some of which are excellent very investment. If you are also one of the interested buyers, here are a few districts you should invest.
It is best known for its green, safe and modern area. Place on the shore of the Bosporus, it is a commercial and cultural joint of the city. Beşiktaş is home to the famous palaces of Istanbul. It is well connected with other parts of the city with an excellent transportation in the district. Buses and dolmus run frequently. There is also a seaport. However, this part lacks a metro system.
Beşiktaş is surrounded by upscale areas, like Bebek, Levent, etc.
It is another up class city in Istanbul which is connected to the European side of the city through the Galata Bridge. It is also connected with a metro line. Pera Palace Hotel is the famous landmark of Beyoğlu which has been visited by many celebrities.
Beyoğlu is designed and built up in European style. Buildings have been constructed in early 20th century, and this part is home to shopping streets, boulevards with supermarkets, lavish boutiques, etc. The place also houses a tram transport system. The central street of Beyoğlu is home to shops, restaurants, cafes, and bazaars. It is also home to art museums. Many immigrants from Asian and European countries show interest in settling down here including young professionals.
It is one of the most picturesque districts near Bosphorus one the European side of Istanbul. It is peppered with multiple cafes and restaurants in Sariyers and is very popular holiday destination and is used by visitors for sunbathing. The place is particularly popular with high-income individuals of native as well as foreign individuals. It is home to affluent politicians, businessmen, actors, and musicians. It also houses many prime villas that are used as summer residences.
Fatih is located near Instanbul Ataturk Airport. It stocks majority of prime historical and cultural landmarks, including the Hagia Sophia Museum, world famous Süleymaniye and Sultanahmet (the Blue) Mosques, Topkapi Palace, the Church of the Holy Saviour in Chora, and the Istanbul Archaeology Museums. Fatih comprises of the neighborhoods of Laleli, Sultanahmet, and Eminönü. Laleli is known as the most Russian neighborhood of Istanbul and is also a significant commercial center of the city. Some of the exemplary pieces of old Turkish architecture, like traditional timber houses, can be seen at Fatih.
Kadıköy is the most ancient district of Istanbul, located on the Asian side of the city. The evidence of the ealiest human settlement here dates back to 680 BCE. It is a large commercial district, peppered with multiple cafes, shops, parks, restaurants, and playgournds. Cozy and safe, Kadıköy is a nice place to live. The district is also near to Sabiha Gökçen International Airport and is connected to the European side of the city which runs in every 30 minutes.
Kadıköy is home to residential complexes for mostly middle class buyers. The residential property here that faces the Bosphorous is expensive. Buying a flat here gives a good annual yield and so is popular among property buyers.
Hope, this guide will help you buy your dream property in Istanbul.