Last Updated on 14/09/2023
Knowing where to purchase real estate in Istanbul is essential to making a profitable investment in Turkish real estate. Those who are considering buying property In Istanbul European side should know that there are many profitable districts in terms of population, infrastructure, business, tourism, education, and health care. Yet, if they are unfamiliar with the city, they might need the help of an expert in the market to make a beneficial investment. Therefore, we invite them to read this article where they can find useful information about the most profitable districts in Istanbul’s European side.
Is Istanbul European side better for real estate investment
Investing in real estate in Istanbul may be highly beneficial, regardless of whatever part of the city you choose. It would not be accurate to claim that one of the two sides is the greatest area in Istanbul for real estate investment.
Learning the distinctions between the two sides and selecting the one that best meets your needs can be a better strategy. Istanbul is a megacity that absorbs ex-pats, and the demand for real estate is continually rising. This means that investing in property on Istanbul European side or in the Asian part of the city is always advantageous.
In comparison to the Asian side, the European side has a larger population density. Moreover, commercial activity has increased as well. There we can find the majority of Istanbul’s skyscrapers and office structures. In other words, the commercial and financial hub of the city is on the European side.
The Asian side, on the other hand, is more of a residential neighborhood with more vegetation, a lower population density, wider streets, and other necessities of everyday life. While the European side has less vegetation, the Asian side has many parks, groves, and woods that provide a better living environment.
The prominent districts in Istanbul European side for real estate investment
Bahçelievler, a peaceful neighborhood near the city center
The Bahçelievler district stands out for being centrally located but away from the noise and bustle of the metropolis. It is also notable for being simple to get to because of the transit system that runs through the neighborhood, which takes just 10 minutes to get to Istanbul Airport. As a result, it is practical for both travelers and businesspeople.
Families looking to purchase real estate in Istanbul European side prefer the Bahçelievler neighborhood because of its many attractions and tranquil, quiet ambiance. In addition, home expenses in the Bahcelievler neighborhood are affordable given the benefits they offer. The area has upscale apartment buildings with roomy flats and distinctive floor plans. The area’s real estate value has increased as a result of the high- real estate projects that have emerged there.
Sariyer, an elite neighborhood in Istanbul European side
The Saryer neighborhood is the best location to invest in Turkish real estate and mainly on Istanbul European side and discover great properties for sale. For wealthy investors from around the world and the local community, it is one of the top choices. This characteristic explains why the Saryer district is the third most affluent and pricey district in the city. Furthermore, due to its solid soil, it is the most earthquake-safe region in Istanbul.
In addition to being well-equipped and having a reliable infrastructure, Saryer neighborhood offers a broad selection of luxury properties for sale. Additionally, the district has significant investment potential due to its high ROI, which is expected to be 15 years. For this reason, the area has been in great demand for years. Moreover, Sariyer district is popular for including several waterfront houses many of which have significant historical significance. As a result, Turkey’s affluent and celebrity-filled Saryer area has transformed into a desirable location for real estate investment and a serene neighborhood.
Bomonti, a promising urban-regeneration area
Bomonti‘s quick urban renewal and reasonable costs when compared to neighboring areas like Besiktas and Nisantasi, one of Istanbul’s poshest districts, attracted real estate investors. To be clear, Bomonti’s urban redevelopment offers the possibility for investors to realize important cash returns, particularly with infrastructural upgrades like new hospitals, universities, and most importantly, new transportation connections linked with refurbishment projects.
But in addition to all these important elements enhancing the area’s urban value, the price of new constructions increased also due to the rising demand and the constrained supply.
In actuality, the scarcity of undeveloped land in the region hampered new construction. However, remodeling historic buildings will take four to five years. So, up until that point, astute investors would choose second-hand properties as a good prospect for Istanbul real estate. A worthwhile opportunity for both buyers and sellers, resale options would present high-standard properties of the same quality but at more affordable prices on Istanbul European side.
Kagithane, a new-developed center for life and investment
Kagithane has very favorable geographic features due to its central location and its straddling of two important routes. Additionally, it is close to Istanbul’s most important investment areas, including Levent, Maslak, and Sişli. However, kagithane offers a variety of real estate options at prices that are lower than those in its surrounding areas. Middle-class people that need to travel to their offices in the adjacent commercial districts frequently choose Kagithane because of this. As a result, the need for homes in the area greatly grew. Consequently, investors began to pay attention to kagithane as one of the best Istanbul real estate investment hubs in terms of ROI.
Bagcilar district and Basin Express
We usually advise keeping your investments in areas where local demand is the highest. This entails convenient access to Istanbul’s major districts from central places. These are areas that will always rent out rapidly and provide you with a significant capital gain in the long run.
Currently, only a few areas in Istanbul are experiencing excellent growth, which is being fueled by government infrastructure spending and the rezoning of areas that were once industrial to become commercial and residential. One of those is the media highway or Basin Express region in Bagcilar district since the government intends to develop a third commercial district there.
Nisantasi, Istanbul’s fancy center
Istanbul’s opulent Nisantasi area has a refined Parisian vibe. Additionally, it is home to numerous luxurious buildings that were once the mansions of Ottoman nobility. Therefore, these homes won’t be replaced by brand-new housing developments despite their increasing historical, architectural, and urban qualities on a daily basis. As a result, it is incredibly difficult to discover brand-new buildings in Nisantasi. Consequently, the area offers the city’s most valuable second-hand options. However, the majority of the existing structures have been updated with good features and cutting-edge materials.
For further information about properties for sale in Istanbul European side, MEO Consultants qualified experts are available to assist you. Request a risk-free initial consultation. Learn more about our services.
