Where To Buy An Apartment In Istanbul?
Where To Buy An Apartment In Istanbul?
Istanbul is a city that has been a capital for Ottoman Empire and Byzantium Empire. Besides to this,
Istanbul is located where Europe combines to Asia. These unique features make Istanbul one of the
busiest cities in the world. Also, the new Istanbul Airport (The biggest airport in the Europe) makes a
great contribution to the increasing number of people who want to visit or live in Istanbul.
Especially within the last 5 years, also by 250.000 USD citizenship program, population of Istanbul
reached to 18 million and it became the 10th most populated city in the world.
In a city that grows and getting busier rapidly, “where is the best place to buy an apartment in Istanbul ?” question has been defined all over again.
There are lots of properties for sale in Istanbul as in central apartments, sea view apartments, condos, villas, penthouses etc. Number of alternatives increase every day as in area and project. Main and most popular areas in Istanbul listed in the below.
In a city with 18 million people, traffic problem is inevitable. In terms of both traffic and being near to
the historical and cultural places, Central Istanbul is still the most popular place to buy an apartment.
West side of Bosphorus is called the European Side. The old town of Istanbul with historical heritages
such as Hagia Sophia, Blue Mosque, Topkapi Palace, Baslica Cistern is located in the European Side.
Golden Horn, Karakoy and Taksim Square are also located nearby to the old town. That’s why this area is called as the Heart of the Istanbul.
ZONE 1 CENTRAL AREAS : Beyoglu, Besiktas, Sisli, Sarıyer
Beyoglu, Besiktas, Sisli and Sarıyer is the nearest areas to the Heart of the Istanbul. Commercial and
touristic places such as Bomonti, Levent, Maslak, Mecidiyekoy, Emirgan, Istinye and Seyrantepe are
located in these areas. Also, most of the business centers and shopping malls are in these 4 areas. In
addition to this, best apartments and real estate projects with Bosphrous (sea) view are in Beyoglu,
Besiktas, Sisli and Sarıyer areas. All these reasons make these 4 areas the most valuable places of
List of Shopping Malls and Business Centers by areas,
Beyoglu: Istiklal Street, Demiroren Avm Shopping Mall,
Besiktas: Zorlu Center, Kanyon, Ozdilek Avm, Metrocity
Sarıyer : Istinye Park, Vadistanbul, Skyland
Sisli : Cevahir, Bomonti Business Center, Torun Center, Nurol Tower
Prices of Apartments for Sale in Central Istanbul:
There are several real estate projects in these areas that you can buy 1 bedroom flat to 6 bedrooms
penthouse. These 4 areas have the highest m2 price in Istanbul. M2 Prices start from 10.000 TL (apx.
1500 USD) goes up to 70.000 TL (apx 10.000 usd) depending on the amenities of the project and the
view of the apartment. If you add the penthouses to list, this m2 price can reach to 125.000TL (15.000
ZONE 2 CENTRAL AREAS: Kagithane, Eyup, Zeytinburnu:
Kagithane, Eyup and Zeytinburnu areas are located in central Istanbul next to Zone 1 areas. By the
increasing number of Metro Lines, these areas became very central and many business centers,
shopping malls, universities and new real estate projects have been developed in this area. These areas also have a great investment value since they are the fastest developing areas in Istanbul.
Prices of Apartments for Sale in Kagithane, Eyup and Zeytinburnu areas:
Even though the production quality of the properties in here very high, prices are not expensive as in
Sisli, Besiktas, Sariyer and Beyoglu areas. M2 prices start from 6.000 TL(850 USD) goes up to 20.000 TL (2850 USD) depending on the amenities of the project and the location.
WEST ISTANBUL: Esenyurt, Bakirkoy, Bahcesehir, Beylikduzu, Kucukcekmece
These areas located in 20 – 35 kms west to central Istanbul. These areas offer wide and high-quality real
estate projects with social and green areas. In comparison with central Istanbul, these 5 areas less busy
but have all the urban facilities such as transportation, shops, shopping malls, restaurants, parks etc.
However, you may need to spend 30-60 minutes to reach to Central Istanbul from these areas.
Prices of Apartments for Sale in West Istanbul:
Compare to Central Istanbul, apartments in West Istanbul are larger as in m2. Mostly 2-bedrooms or
more bedroom apartments are preferred in these areas. M2 prices start from 3.000 TL (450 USD) goes
up to 15.000 TL(2150 USD)
ASIAN SIDE : Kadikoy, Atasehir, Uskudar
Asian Side is the east part of the Bosphorus. Although you need to cross the Bosphorus in order to come
to Central Istanbul, this side has its own centers such as Emaar Square, Bagdat Street, Kadikoy Market
and Coast Road. Compare to European Side, the life in Asian Side is much calmer. Apartments near
Bagdat Street are the most popular ones in Asian side because of the lifestyle. If you have a property
near Bagdat Street, you can walk through a street with full of cafes, restaurants, shops etc. anytime in a
day and night. Also, you can enjoy riding a bike along the Coast Road.
Prices of Apartments for Sale in Asian Side:
Mostly, boutique projects are preferred in Asian Side rather than large condos, especially near the
Bagdat Street. M2 prices for a new buildings or projects in these areas start from 7.000 lira (1000 USD)
goes up to 55.000 Lira (apx 7500 USD)
As a summary, there are numerous alternatives for enjoying the life or investment in Istanbul. By
considering your preferences and budget, this property list can be prioritized. As Century21 Sinerji
İstanbul we are here to help you to make the right choice. With our 10 years of experience in Istanbul
Real Estate market and our professional team, we list you the most logical and economical properties
considering your preferences. Remember, having a property in Istanbul is a privilege!