Feb 5, 2023

The Best Real Estate Investment Area in Istanbul

Istanbul has always been one of the most popular provinces in Turkey, as both locals and foreigners choose it for investment, due to its many advantages in terms of living, working, Istanbul real estate investment, tourism, technological progress, public and service facilities, and others.

As new construction and developments continue to increase, neighborhoods that were once known as the best areas to buy are being replaced by new neighborhoods. Urban transformation and transportation infrastructure projects are among a few attractive reasons that attract most investors' attention and offer long-term profit potential due to capital gains and rental yields.

Istanbul is considered the most preferred city for obtaining Turkish citizenship by foreign investors who prefer Istanbul real estate investment besides to those who desire real estate residence permit. This is due to the major strategic projects recently announced by the Turkish government such as: the New Istanbul Canal, Sultan Selim III Bridge, Yavuz Bridge, Istanbul Third Airport, and North Marmara Highway. These projects draw attention to the northern part of the city and provide investors with a new opportunity. The interconnection between these projects has created a trend for Istanbul real estate investment, which is why we will talk about the best areas for Istanbul real estate investment in detail.

Where to invest in Istanbul?

New projects also affected the prices of real estate for sale in Istanbul, increasing their overall value. This was one of the reasons for the boom in Istanbul real estate investment, compared to other cities. We can say that based on the location of these projects that we mentioned previously, the 13 best areas for Istanbul real estate investment are:Kadikoy, Atasehir, Zeytinburun, Umraniye, Kagtaneh, Kartal, Basaksehir, Çekmeköy, Pendik / Kurtkoy, Sancaktepe, Sultanbeyli, Beylikdüzü, and Esenyurt.

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Kadikoy:

Kadikoy is located in the Asian side, which is the most preferred area for Asian Istanbul real estate investment due to its proximity to the European side, ease of transportation thanks to the metro line and short distance to places like Acıbadem and Bağdat Street. Kadıköy offers the potential for capital gains and attractive rental returns. Average sales in the area are rising with urban transformation projects, especially branded real estate projects. Besiktas, Sariyer, and Bakirkoy have become some of the most expensive districts in the past three years, with prices expected to continue to rise.

Ataşehir:

Ataşehir is improving its quality through real estate projects, especially in West Ataşehir where the price value is rising. With the recent Istanbul Financial Center project, which is considered the most important financial project not only in Turkey but in the whole world, due to its location and strenth, sales of residential and commercial properties have increased.

Zeytinburnu:

Zeytinburnu region is one of the preferred regions for foreign buyers. It is planned to build new real estate projects, commercial properties, hotels, among others. These projects have the potential to generate capital gains, especially when purchased early.

Umraniye:

With the financial center and Üsküdar-Ümraniye-Çekmeköy metro line projects, Umraniye has enjoyed an increase in demand and prices. The area offers potential for return on investment given the new infrastructure and upcoming projects.

Kağıthane:

Kağıthane was one of the regions with the highest sales and highest prices in the past three years. As it is located on the bridge roads connecting the two sides, close to the workplaces due to its central location and moving to Taksim with the recent tunnel projects, the transportation takes less time. Mahmutbey-Mecidiyeköy metro line will make transportation between regions much easier. As a result of these relocation projects, housing prices and demand for real estate projects are expected to rise.

Kartal:

Kartal has become one of the regions with the highest increase in value in the past three years with transportation projects such as the Kartal-Kadıköy metro line, urban transformation projects, and public investments, such as the Anatolian Palace of Justice in Istanbul, which allow as to say that it is one of the best areas of Istanbul real estate investment. Although far from the city center, it is easy to get from Kartal to both the D 100, the main road from Anatolia to the Bosphorus Bridge, and to TEM, the large highway that crosses the Bosphorus via the Fatih Sultan Mehmet Bridge. When the Marmaray project is completed, it will be possible to reach the European side of Istanbul without intersection.

Basaksehir:

Basaksehir is located in a commercial district and promises good opportunities in terms of Istanbul real estate investment, despite being far from the central business centers. Ataturk Olympic Stadium, Grand Health Center and other investment projects in Basaksehir support this opportunity.

Pendik / Kurtkoy:

Pendik / Kurtkoy has real estate projects for every type of income and is gaining interest. It is close to Sabiha Gokcen Airport and transportation routes and is particularly preferred by foreign investors for its proximity to Adalar and its generally convenient location.

Sancaktepe:

Sancaktepe is located on the Sabiha Gokcen Airport connection roads, the TEM highway and the TEM-Kartal connection roads as it is one of the exit points from the Anatolian side of the North Marmara Motorway.

Beylikduzu:

Beylikduzu is one of the other regions with the highest increase in value. The most important reason for this is the quality of investment projects and transportation projects. With the Bakırköy-Avcılar-Esenyurt-Beylikdüzü-Büyükçekmece metro line, transportation has been greatly simplified and therefore the price increase is expected to continue.

Esenyurt:

Esenyurt has always been an area of great value due to its location and continues to maintain its value and sales interest especially in Sultangazi and Bağcılar provinces, which are increasing in terms of investment value and profits thanks to their new high-quality real estate projects. Esenyurt is close to all transportation and offers potential for returns on investment and rental returns.

In conclusion of this article, we can say that Istanbul's attractiveness is not only limited to cultural and historical aspects, but it is also a distinguished destination for real estate investment. Choosing the best areas for Istanbul real estate investment depends on several factors such as economic expectations, urban development, and the level of real estate demand, which are factors that enhance the attractiveness of investors who want to benefit from the opportunities for high returns and advanced urban life.

Thus, we can say that Istanbul real estate investment is an excellent choice for those looking for a unique combination of beauty and economic opportunities. Due to its rapid development and economic stability, Istanbul remains at the top of the list of preferred Turkish and international cities for real estate investment.

To learn more about the best places for real estate investment in Istanbul, please contact us via WhatsApp, here. We will respond to you as quickly as possible.

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