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Why Istanbul Real Estate Is The Prime Choice For Investors?

By Author: Anila Abir
Total Articles: 29

Istanbul real estate is fast becoming hot property! The urban regeneration in Istanbul has taken place in the centre of the city and is now extending to the suburbs. Many areas such as Sariyer and Kadıköy, or Beşiktaş have grown as a result of this major redevelopment. Consequently, investors are seeing massive returns on investment. Real estate in Istanbul has benefited from the development and the huge boom in infrastructure, with many projects causing a stir. Major projects like Istanbul's new airport and the third Bosphorus Bridge opened recently. The Turkish government is making the city into a wonderful place for those who want to invest in quality real estate. Housing development projects are set to benefit from increasing infrastructure set to attract people through health spas, leisure centers, entertainment complexes and shopping centers. These are set to make Istanbul real estate for sale an attractive proposition.

Unique Heritage and History

Brand new housing development aside, the older central parts of Istanbul around the Taksim square are also being developed, restored and renovated. The aim is conserving the heritage and history while putting together advanced infrastructure and increased safety and security. Properties in central areas are for the elite and luxurious, attracting quality investors and most homes selling for millions of dollars. Affordable housing can also be found in the city center and the suburbs.

Asian Versus Western Side

Asian side of Istanbul has attained popularity with investors looking for eco friendly construction. As against this, the luxury tower of the city center and financial districts in European/Western side are a modern touch. The Asian side of the Bosporous sees low-rise properties surrounded by greenery, infrastructure and lush landscaping. Commuters are looking for affordable housing and property prices are on the rise.

Top Areas of Growth

Real estate in Istanbul for sale includes Kadikoy, Besiktas and Sariyer. The cosmpolitan district of
Kadıköy on Istanbul's Asian shores takes the distinction of being the perfect choice for return on investment in the past 5 years with a price growth of 96%. It is an attractive, appealing and cultural hotspot of the Anatolian Istanbul. It also has amazing residential and commercial areas. For those connecting between the Asian and European side of the Bosphorus, this is the perfect transportation hub and city link, apart from a regional hub for global companies, university buildings and financial centers. Sariyer, in contrast, is the northernmost district of Istanbul on the Western side of Istanbul,close to the lake share along the water. The district is also home to the Belgrad Forest and a rustic feel that comes from its antecedents as a rural fishing village. Its lush, verdant greenery and natural surrondings are stunning for nature lovers.

Besiktas is yet another top choice for those looking for the perfect home in Istanbul. On the European part of the Bosphorus, it is close to the water offering prime real estate across to Uskudar on the Asian side of Istanbul. The historic community of Bebek lives close by. District offers acces to the Barbaros Boulevard and is suited for those who need access to the city center.

Other Centers of Development in Istanbul

For investors, Eyup in Istanbul is a wonderful choice. It extends from the Golden Horn to the Black Sea Shore. Some of the most established and historical neighborhoods are set to border this district. Gaziosmanpaşa is another great choice for investment and one of the most populous districts in Istanbul. Bahçeşehir is outside the city center on the European side popular with professionals looking for reasonable housing. Finally, for real estate Istanbul's Küçükçekmece is known for offering excellent transport perks and airport proximity.

More About the Author

I am real estate consultant in Turkey, Istanbul at www.investinistanbulrealestate.com , Our range of residential and commercial real estate investment services include villas sale, apartment sale, homes sale in Istanbul, and interior design services Internationally. Get reliable property and houses for sale in Turkey, Istanbul.

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