Where To Buy An Apartment In Istanbul?
Where To Buy 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. It brings many considerations when you decide where to buy apartment in Istanbul 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, by 250.000 USD citizenship program foreign investors are attracted. 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 buy apartment in Istanbul ?” question has become the most important question for Istanbul property market.
There are lots of properties for sale in Istanbul real estate market as in central apartments, sea view properties, condos, villas, penthouses etc. Number of alternatives increase every day as in area and project. Main and most popular areas of 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 property. 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 Istanbul. Also this are the places that you can find the most luxury apartments for sale in Istanbul with overlooking the bosphorus locations.
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 USD)
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 and easy access, these areas became very central and many business centers, shopping malls, universities and new real estate projects are located 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 and with lake view. In comparison with central Istanbul, these 5 areas less busy but have all the urban facilities such as public transportation, shops, shopping malls, restaurants, parks etc. This area is also one of the parts of Istanbul that you can find most affordable price sea view apartments for sale in Istanbul. 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 of Istanbul 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. Since the Bagdat Street is prime location in Asian Side.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!