Real Estate Investment in Districts of Istanbul

Istanbul is one of Turkey’s most popular provinces where locals and foreigners invest. Neighborhoods once known as the best shopping districts have been replaced by new ones as new buildings and developments continue to grow. This change is due to new development and construction projects. Urban renewal projects and transportation infrastructure are among the attractive reasons that attract the most attention from investors and offer long-term profit potential due to capital gains and rental yields. Thanks to the new regulations, Istanbul is also the city of choice for foreign investors to obtain citizenship. This is why foreigners who want to invest in Turkey take advantage of Turkish citizenship. Buying property is also easy, the Turkish government has issued new regulations allowing foreigners to buy property in Turkey, so you can find your dream home in Istanbul and buy with ease.

Major projects announced recently: Istanbul Canal, Third Bridge Yavuz Sultan Selim Bridge, Third Istanbul Airport, and North Marmara Highway. These projects have drawn attention to the north of the city and opened up new opportunities for investors. The combination of these projects has created a new investment trend in Istanbul.

Pending transport projects and existing infrastructure under construction are seen as catalysts for easier and faster travel and wider employment opportunities. The ongoing construction of the IMM Council’s new metro line project supports this vision in Istanbul

New projects have also affected the prices of properties for sale in Istanbul while increasing their overall value. 13 districts with the most foreign investment in Istanbul: Kadıköy, Ataşehir, Zeytinburun, Ümraniye, Kağıthane, Kartal, Başakşehir, Çekmeköy, Pendik/ Kurtköy, Sancaktepe, Sultanbeyli, Beylikdüzü and Esenyurt.

Kadıköy

Located on Asian Side, Kadıköy is the most preferred area for investment. Because of its proximity to the European side, easy transportation thanks to the metro line, and a short distance to places such as Acıbadem and Bağdat Street, Kadıköy offers the potential for capital gains and attractive rental yields. Average sales in the district are rising with urban transformation projects, especially branded real estate projects. Beşiktaş, Sarıyer, and Bakırköy have become some of the most expensive areas in the past three years, with prices expected to continue to rise.

Ataşehir

Ataşehir is improving its quality with real estate projects, especially in West Ataşehir where prices are increasing in value. With the recent Istanbul Financial Center project, both housing and commercial property sales have increased.

Zeytinburnu

One of the favorite areas for foreign buyers is Zeytinburnu. The new real estate projects, commercial properties, hotels, and more are slated for construction. These projects have the potential for capital gains, especially when purchased early.

Ümraniye

With the Financial Center and Üsküdar-Ümraniye-Çekmeköy metro line projects, Ümraniye 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 districts with the highest sales and highest price increases in the last three years. Because it is on the bridge roads connecting the two sides, close to the workplaces due to its central location and the transition to Taksim with the last tunnel projects, the transportation takes less time. Mahmutbey-Mecidiyeköy metro line will make transportation between districts much easier. Due to these transportation projects, an increase in housing prices and demand for real estate projects are expected.

Kartal

Kartal has become one of the regions with the highest value increase in the last three years with transportation projects such as the Kartal-Kadıköy metro line, urban transformation projects, and public investments, such as the Istanbul Anatolian Justice Palace. Although it’s 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 the TEM, the large motorway which 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 interchange.

Başakşehir

Başakşehir is located in a commercial area and promises good investment opportunities, despite being far from central business centers. Atatürk Olympic Stadium, the big Health Center, and other investment projects in Başakşehir support this opportunity. With the completion of the Otogar-Bağcılar-Başakşehir-Olimpiyatköy metro line, new real estate projects are also increasing and the area has high value.

Çekmeköy

With new real estate developments and fast urban transportation projects, the area has started to gain importance. It is close to the city center, but with its green areas, forest, and peaceful environments, it is an area popular with foreign investors. With 3. bridge connection roads, Üsküdar-Çekmeköy metro line, and Northern Marmara Motorway projects, its value continues to increase.

Pendik/Kurtköy

Pendik/Kurtköy has real estate projects for every type of income and gains attention. It is close to Sabiha Gökçen Airport, transportation ways and it is especially preferred by foreign investors for its proximity to Adalar and overall convenient location.

Sancaktepe

Sancaktepe is located on Sabiha Gokcen Airport connection roads, TEM motorway, and TEM-Kartal connection road sand has high investment value.

Because it is one of the exit points of the Anatolian side of the North Marmara Motorway, it is forecast that sales of residential and commercial real estate will increase.

Sultanbeyli

Sultanbeyli is located on the main transportation means and is preferred for its convenience in investment. New real estate projects, green areas, culture centers, and local investment projects increase its profit value and both local and foreign investors prefer this area.

Beylikdüzü

Beylikdüzü is one of the other regions with the highest value increase. The most important reason for this is the quality of the 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 a valuable region because of its location and continues to maintain its value and sales interest. Especially the Sultangazi and Bağcılar provinces, which are increasing in terms of investment value and profit thanks to their new, quality real estate projects. Esenyurt is close to all transportation means and offers the potential for returns on investment and rental yields.