Outlook Districts of Istanbul:
Istanbul is a highly diverse city with many investment alternatives. Even though it may look like it is not the large as the area, it spreads into two continents. Istanbul is also split into 39 districts which 25 of which are on the European side, 14 of which are on the Asia Side. Every neighborhood has a different characteristic.
Even in different districts, you can see huge differences since Istanbul is a heavily occupied city. In this article, we will present to you the main attributes as a complete Investment Guide European Side of Istanbul.
Besides touristic areas, we advise our investors to understand local buying trends and in-depth information regarding districts before making a buying decision.
Local investors heavily drive the Turkish real estate market, so it is crucial to understand local trends. Moreover, our mission as listing turkey is to turn your investment journey into a pleasant long-run journey.
As well known, Istanbul spreads into two Continents. Therefore, even though every district characteristic is different, it is possible to shortlist general perks of Istanbul Asia and Europe Side.
Why European Side of Istanbul
Istanbul’s Europe side has hosted favorite districts of foreign investors, and that attraction continues today. Especially Bahçeşehir, Ispartakule, Esenyurt, Kagithane, Beylikduzu, Bakirkoy, Buyukcekmece, Avcilar and Sisli have been the popular areas for international investors to invest in property in Istanbul.
The economy of Istanbul European Side:
Even though there is enormous demand from foreigners in Europe, there is also robust local demand from local buyers. The main reason for locals living in Europe side is to be live close to where they work. Levent, Maslak, and Kagithane are still the main business hubs in Istanbul and all over Europe. You can see various international brands’ headquarters located in these three districts. The people working in these areas prefer residing close to the working places.
Mega Projects of Istanbul European Side:
The demand is also driven by mega-projects subsidized by the Turkish government, such as New Istanbul Airport, Canal Istanbul, infrastructure projects and urban regeneration projects.
Heritage of Istanbul European Side:
Another important factor, which is also the first touching point for foreign investors, is the heritage of the European side. The old town Istanbul which its roots go previous byzantine empire located here. Europen side hosts the most important cultural World heritages such as Galata Tower, Hagia Sophia, Topkapi Palace. Even though it is relatively seasonal, tourist traffic and accommodation are essential in real estate demand.
So which district is best for an international investor is not an easy question to answer. Istanbul is a living city and changing every day, and it takes particular expertise to understand these trends and advise accordingly. As your trusted portfolio managers and advisors, we are your single point of contact for all your property portfolio needs. We can provide you access to best-in-class advice and our network of trusted partners. Our reputation depends on our partners’ quality.
You can find our featured properties on the European Side of Istanbul as follows: