Last Updated on 18/11/2022
Basaksehir District: An attractive area for Istanbul real estate
Istanbul real estate got the focus of attention as a profitable investment option. It results from a variety of factors, the most important of which is the continuous increase of urban value in certain districts of the city. Thus, these areas offer perfect opportunities for investors. As a prominent example, Basaksehir district comes as one of the top locations for real estate investment thanks to many features.
Get to know Basaksehir and its advantages for Istanbul real estate
Location of Basaksehir district
Basaksehir is a suburban district in Istanbul’s northwest belonging to the European side. Before the foundation of its own Municipality in 2008, it used to belong to Kucukcekmece Municipality.
Arnavutkoy, Eyup, Sultangazi, and Esenler board it from the north. However, Bagcilar, Kucukcekmece, and Avcilar border it from the south; and Esenyurt from the southwest.
History of Basaksehir district
Formerly named Azatlk, the region was supplying the Ottoman army with gunpowder. Later, Resneli farm in honor of Resneli Niyazi replaced it. Up to 2009, the Küçükçekmece district included around a fifth of Başakşehir. It was thereafter designated as a seperated district.
Why is Basaksehir beneficial for Istanbul real estate investment?
Basaksehir is one of Istanbul’s most recently constructed areas and is regarded as having a high value in Istanbul real estate investment, especially given the rise in government-funded real estate projects and its prime location near Istanbul’s newest megaprojects.
The area’s pricing and real estate worth really grew as a result of Mega infrastructure projects like Istanbul’s new airport, which is 28 km distant. Moreover, the expected construction of Kanal Istanbul through Basaksehir would make the district one of the top investment locations for both domestic and foreign investors.
Yet, we should point out that many other factors combined to make Basaksehir a particularly unique region in the Real estate sector.
Strong and well-implanted infrastructure
The area is unique for its high-quality buildings in accordance with current construction safety rules, as well as for its robust infrastructure and easy transportation facilities. These factors contributed to increasing its value in Istanbul real estate market.
Despite being in the suburbs, Basaksehir can be reached from any location in Istanbul with ease. It’s only 28 kilometers from Istanbul Airport. Moreover, the Basaksehir-Kirazli line, as well as the Marmaray line, make the central areas reachable within a few minutes.
Education institutions
90% of Basaksehir population has access to a highly developed educational system. This is thanks to the abundance and the high quality of educational facilities in the district. In fact, The Basaksehir District Education Directorate reports the following divisions among the approximately 81 state official institutions:
– 28 kindergarten and elementary schools
– 48 middle and high schools
– 6 Education centers
Of course, there are also a lot of private and International schools and universities
Health institutions
Since 2003, some of the biggest medical projects have started in this region. In fact, the area is home to a sizable state hospital with a capacity of 100 beds.
Moreover, The Medical City of Basaksehir, also known as the Basaksehir Istanbul Hospital Project or, is a public-private partnership project in Turkey that is being carried out by the Ministry of Health. It is the third largest investment project in Turkey and will provide medical services to Istanbul and the nearby provinces while also having a large capacity to meet all of those needs. On May 20, 2020, the construction finished, and the hospital’s whole operation—including the ambulance division—started.
In addition to that, the district includes 8 private specialty hospitals with a combined capacity of 682 beds and the most advanced technological instruments.
Learn more about the Turkish healthcare system.
Landscaping and green areas
The area’s urban development puts a strong emphasis on green spaces and accords natural resources a high priority. This feature also contributed to increasing the urban value of the district and give it a special interest as an Istanbul real estate destination. Here are a few of the most alluring:
– Bahçesehir Pond: With a surface area of 26,000 m2, this artificial lake is the largest in Turkey. It includes a lot of cafes, restaurants, and playgrounds. It also hosts occasional social gatherings and musical performances.
– Water Valley: A large park with water features, playgrounds, and 4 km of walking pathways, it is situated in Bahcesehir.
A remarkably growing value in Istanbul Real estate market
The development of nearby mega infrastructure projects such as Istanbul Airport and Third Bridge have caused an important increase in real estate values in the Basaksehir district during the past 5 years. Therefore, according to studies, Istanbul’s Başakşehir district ranked among the top five districts where real estate prices rose more quickly, especially after the completion of the aforementioned projects.
Moreover, Basaksehir district constitutes a new and modern Istanbul real estate hub. Consequently, all the buildings and housing projects have very elegant architectural designs and in a variety of styles to match different preferences.
Furthermore, for those who seek distinction and calmness, finding apartments in Basaksehir is one of their interests. It is one of Istanbul’s quiet districts, and attracts Arab investors, in particular, for peaceful atmosphere away from the crowded city centers.
If you are seeking properties for sale in Basaksehir district, you can request an initial consultation and MEO experts will provide you with the most cost-effective opportunities.
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