Feb 5, 2023

Istanbul Real Estate: Advantages of Buying and Investing in Levent District

After the economic upraising that Turkey has recently witnessed, the demand for Istanbul real estate has become non-stop, as it is the economic capital of the country. Its strategic location also increased the demand for Istanbul real estate due to its location in the middle of global trade lines between the continents of Asia and Europe.

Levent is considered one of the main active areas in Istanbul. It was originally designed as an area suitable for middle-income citizens, but it later became one of the most famous areas that contains the most luxurious Istanbul real estate, attracting many celebrities to live there.

Levent includes the 1st, 2nd, 3rd, 4th, and 5th New Districts, and has road links with the Maslak area to the north. It is also famous for its skyscraper projects, as the main skyscrapers are located behind the Bosphorus hills, and there is also the Saudi Consulate.

Where is Levent Istanbul located ?

Levent is located south of the famous area of Maslak, north of Besiktas, northwest of Arnavutkoy, on the European side of Istanbul, and it belongs to the municipality of Besiktas, north of the Golden Horn. Its real estate are considered among the most expensive Istanbul real estate. Its Fifth Neighborhood belongs to the municipality of Eyup Sultan and geographically consists of coastal and interior areas. Despite its small area and population, it is ideally located at the intersection of the main roads in Istanbul and has a convenient location on a world-famous level, and has roads that reach the Bosphorus Bridge and Fatih Bridges, and connects the European and Asian sides of Istanbul.

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Infrastructure in Levent Istanbul:

The area has great infrastructure which is one of the reasons why it is one of the most sought-after Istanbul real estate. The Turkish government has taken an interest in Levent's infrastructure due to its important business climate and fast-paced business life. The area has many malls, corporate headquarters, bank branches, agencies operating in the capital market, shopping centers conforming to European standards, international hotel companies, as well as pharmaceutical factories such as Nobel and Pfizer. This has prompted the municipality to pay great attention to infrastructure, including highways, schools, universities, and parks.

Transportation in Levent Istanbul:

If you decide to buy Levent Istanbul real estate, do not worry about transportation. Levent is considered one of the most important regions of Istanbul, therefore it has a developed transportation infrastructure, and it has all types of public transportation coming to or departing from it. It has a metro station, from which one can reach Bosphorus University, as well as other metro stations leading to different areas of Istanbul.

Universities and schools in Levent Istanbul:

Before talking about Levent Istanbul real estate, we have to shed light on the most important educational facilities that led to investors flocking to them. The region is famous for the quality of its education, with university graduates making up 34% of the population, the highest percentage in Turkey according to a joint survey conducted by REIDIN-SED in 2013. Levent has nine universities, including the most prestigious universities in Turkey such as Bosphorus University, Galatasaray University, Yildiz Technical University and Mimar Sinan University. Bosphorus University is also a Turkish university among the top 200 universities worldwide according to the Times Higher Education World University Rankings 2013-2014. In addition, the region is the main showcase of social democracy and freedom in Turkey. It also contains many primary, middle, and secondary schools, both public and private.

Hospitals and health centers in Levent Istanbul:

Levent district contains many health centers, free clinics, medical consultations, ambulance services around the clock, dental and health clinics, Ozal Levent Hospital and Bayindir Private Hospital. There are also many hospitals near the area, such as Goltepe Hospital.

Shopping in Levent Istanbul:

Levent area contains many luxury malls, which include different types of goods, gifts and needs, and among the luxury Istanbul malls in Levent, Ozdilek Park Mall, Kanyon Mall, City Mall, or Levent Mall. It also contains many international and local brands such as clothing, leather products, electronics, luxury home furnishings, cosmetics, and many more. There are also stores distributed in the area with a variety of goods.

Advantages of living in Levent, Istanbul:

Real estate housing in Levent is distinguished by its modernity and luxury as a lifestyle, as the region includes many luxury Istanbul real estate surrounded by all major life and entertainment facilities and activities. It also contains important transportation stations, the most luxurious and prestigious universities, the largest malls and markets, and its infrastructure is advanced, including parks and educational and health centers.

Levent is also considered one of the lively downtown areas where tourism, business, and commercial offices are located. It is no surprise to find a very unique selection of Istanbul real estate including all types; commercial unites, offices, companies, hotels, restaurants, and others.

Advantages of buying Levent Istanbul real estate:

Levent is characterized by its advanced infrastructure, amazing historical heritage, and its central location among major business centers and international companies, which makes it the focus of attention for investors and those wishing to buy Istanbul real estate in Levent. Given the financial return from this investment, there is a comprehensive modernization of the infrastructure, and a continuous renewal of roads and transportation.

Many real estate investors seek to purchase Levent Istanbul real estate and invest in several apartments within one neighborhood or within separate areas in the region. This allows them to skillfully keep pace with the market and not be affected by the turmoil in the financial markets today, especially after the Corona epidemic.

Advantages of buying and investing in Istanbul real estate:

Buying a property or investing in Istanbul real estate is considered one of the most feasible types of investments nowadays. Noting that the demand on real estate properties of this charming city is constantly increasing due to the features that distinguish it from other cities in the world. These features and advantages include:

A high, short-term return of investment, which means that the value of the properties you own will certainly rise after a few years, and thus your capital will increase.
Obtaining a fixed, continuous, and guaranteed monthly financial return that can increase further in the coming years. Istanbul Real estate investment is a safe investment, as it can never bear loss. This type of investment is known as a wonderful savings for your retirement and a guarantee for a decent life.
There is a large and continuous demand for the Istanbul real estate market, whether the property is new or old alike, which guarantees a fixed additional income.
Obtaining Turkish citizenship: by purchasing one property or a number of Istanbul real estate with a value of no less than 400 thousand US dollars. This advantage is considered the best among all the advantages provided by the Turkish government to foreign investors, as it allows applying and obtaining Turkish citizenship for both the investor’s spouse and his/her children under 18 years of age. Moreover, there are no conditions in terms of the type of the property, whether it is an apartment, office, villa, or commercial store.
Obtaining real estate residence permit: by purchasing one or a number of Istanbul real estate with a value of no less than 200 thousand US dollars, in any Turkish city. Likewise, the type of property is not required, whether it is an apartment, office, villa, or commercial store.

If you would like to know more about investing in Istanbul real estate, do not hesitate to contact us via WhatsApp, here. Our real estate consultant will contact you as soon as possible.

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