Last Updated on 24/05/2023
Istanbul Turkey is the country’s largest city and the 15th in the world. One of the most interesting facts about Istanbul Turkey is that, it is the only city in the world laying on two continents separated by the breathtaking Bosphorus strait. That’s what made Napoleon Bonapart say “ If the world was only one country, Istanbul would be its capital!”
Istanbul Turkey is the most populous city in Europe with more than 15 million people constituting thus 19% of Turkey’s population.
The strategic situation of Istanbul at the crossroads of Europe, Asia, and the middle east contributed to thriving trade exchanges with other countries. Furthermore, this location helped attribute the country to a prominent geopolitical position.
Here are some interesting facts about Istanbul you should know, if you are considering an eventual investment.
Important facts about Istanbul
Location of Istanbul Turkey
Istanbul, Turkey is situated northwest of Turkey. As we mentioned previously, it extends into two continents Asia and Europe separated by the Bosphorus strait. It is good to mention that Bosphorus Strait is the only passage in the world between the Black Sea and the Mediterranean. Which is an ideal situation for international trade.
Istanbul’s European part is situated in the West. And it is the most preferred part for foreign tourists and obviously the most crowded one.
Facts about Istanbul weather
Istanbul Turkey has special mixed weather. It is qualified by a Mediterranean Climate, subtropical and Oceanic ones. This engendered a cold winter with frequent precipitations. While the temperature in cold seasons can reach -5 degrees Celsius, Istanbul can have up to 150 rainy days. Furthermore, the snowfall can reach more than 60 cm per year.
However, summer in Istanbul is warm. It is influenced by the fresh breeze of the Marmara Sea to the South and the Black sea to the north. Consequently, the average temperature in the hot season is 25 degrees Celsius. Sometimes, in August temperature can reach over 30 degrees Celsius. Yet it is not very frequent and doesn’t exceed 14 days in a year.
Facts About Istanbul airport
Istanbul airport is the largest of the two international airports servicing Istanbul, Turkey. It is located in Arnavutköy neighborhood on the European side. Following the closure of Atatürk Airport for regular passenger flights on April 6, 2019, all planned commercial passenger flights were relocated from Atatürk Airport to Istanbul Airport.
According to ACI World traffic values, it served more than 64 million passengers in 2022, making it the busiest airport in Europe, the seventh busiest airport in the world in terms of total passenger traffic, and the fifth busiest airport in the world in terms of international passenger traffic after handling more than 48 million international passengers.
Facts about Istanbul investment
Istanbul is the Financial and Business hub in the country. In 2017 the city included the headquarters of many local and international companies constituting more than 30% of the country’s economy.
Furthermore, according to Banks Associations of Turkey, in June 2018, 47 local and international banks were operating in Turkey employing 85K persons.
The advanced infrastructure in Istanbul, Turkey with its bridges, airports, highways, and tunnels, provides a suitable investment environment, especially for specific sectors.
Tourism investment in Istanbul
Istanbul, Turkey is known in the whole world as the city of 3 civilizations rich in history. Each year the city attracts over 11 million visitors from worldwide. This makes it the 3rd most visited destination in Europe.
With its extensive historical monuments, museums, and luxurious hotels it became the culture and tourism center of the country. It hosted 14.906.633 foreign visitors in 2019. The government keeps investing in the tourism sector with an ambition to increase the tourists number up to 17 million by 2024.
Real Estate Investment in Istanbul
The Real estate sector in Istanbul is one of the safest types of investment in Turkey. It succeeded to achieve high profits even in hard situations such as pandemics or currency crises. In fact, prices got higher to compensate for the fluctuation difference and preserve the properties value. And this is what makes it a solid and secure sector.
Actually, the demand for properties for sale in Turkey is getting higher every day. Consequently, the leading construction companies keep competing to create new projects with innovative materials and contemporary design. Thus, buyers find in Istanbul an extensive portfolio with wide options. Whether you are looking for hotel apartments, commercials, sea view villas, or luxury residential apartments.
Furthermore, buyers can find in Istanbul real estate market options suitable for every budget. In fact, some properties factors such as bedroom numbers, view, location proximity to transportation defined the price you will pay. And consequently, it determines the ROI you will get.
There is another aspect that made the real estate market in Istanbul Turkey solid and strong. We are talking about the urban transformation projects held by the government in most of Istanbul’s districts.
This strategy helped to eliminate the old and risky buildings and replace them with modern and resistant ones, especially with the eventual earthquake challenge that the country seems to handle well.
Learn more about Real Estate in Turkey.
FAQ
What is special about istanbul?
Istanbul is the only city in the world located in two continents Asia and Europe.
What is best about istanbul tourism?
Istanbul, Turkey, is a city with a rich history and a vibrant culture, making it a popular destination for tourists from around the world. It has many historical marvels such as Hagia Sophia, Topkapi Palace, the bısphorus and much more. Besides, the cultural fusion attracts international visitors worldwide.
Are there unknown facts about istanbul?
The Third Bosphorus Bridge (Yavuz Sultan Selim Bridge) is one of many bridges that cross the Bosphorus Strait to connect Istanbul, but it has a special distinction. It is the world’s longest suspension bridge with a combined road and rail system, having been finished in 2016.
If you want further details about moving to Istanbul Turkey, MEO Consultants offer you a complete advisory. Our experienced team gives you also full-service consulting if you seek luxury properties for sale in Istanbul Turkey. Get a free-risk initial consultation.
