The best 5 areas for real estate investment in Istanbul 2021
Buying real estate is one of the safest investment methods, as well as the best long-term investment. The real estate market is a safe haven for investors and venture capitalists when we compare it to the stock or cryptocurrency markets, for example, which is a risky game.
Also, the investment returns on real estate are great in the long run, as the population is increasing and the demand for real estate continues to grow. The longer you keep the properties, the more valuable they are and the more profit you will earn when appraising and evaluating the property. One of the biggest advantages of owning investment properties is the constant and regular rental return, unlike the stock market or cryptocurrency, when you invest in tangible assets, you will not be at the mercy of the volatile market forces that are able to reduce your net worth overnight, your house or apartment is a physical proof of your investment, tangible assets certainly outweigh the intangible. Owning a property guarantees you a stable and regular monthly income that will continue to increase over time, along with the growth in the capital value of the property.
In addition, anyone can invest in real estate, as investing in real estate does not require any special skills, all you have to do is deal with a reliable real estate company and communicate with a real estate consultant who has long experience and knowledge of all the details of laws, projects and areas suitable for investment. For a free real estate consultation, contact Right Home: Contact us
What are the best 5 areas for real estate investment in Istanbul?
Turkey has become the preferred destination for investors in the recent period, as all elements of successful and profitable investment apply to it. The Turkish economy has achieved qualitative leaps and remarkable growth. This growth included most areas and sectors within the Turkish economy. The most important of these sectors was the real estate sector in Turkey, which is achieving rising growth and massive success that attracts investors to invest in real estate in Turkey. According to the Kuwaiti newspaper, Al-Anbaa, during the past years, Turkey attracted foreign investments amounting to 10 billion dollars, including 4 billion dollars for the construction sector alone.
Here are the top 5 promising and suitable areas for real estate investment in Istanbul in 2021:
A central area, it is the vibrant heart of Istanbul, the center of business and luxury projects. It is one of the oldest areas of Istanbul and includes the most famous and most prestigious neighborhoods of Istanbul, such as Nisantasi neighborhood and Bomonti neighborhood. Sisli is also characterized by the presence of the most luxurious international hotels such as the Hilton and Ritz-Carlton, and it is also the choice of tourists where there are shopping centers that contain shops and boutiques of the most famous international brands, such as Zorlu Center Mall, Istinye Park Mall and Cevahir Mall.
The area is characterized by its proximity to the Bosphorus, and most of Sisli's projects and towers have a wonderful view of the Bosphorus, which is a competitive advantage as it is the only central area on the European side of Istanbul that includes apartments overlooking the Bosphorus.
Sisli is also one of the most fully serviced areas in terms of public transportation. The Metrobus line, the most important means of transportation in Istanbul, passes through it. It also has a share of infrastructure projects such as tunnels and bridges that facilitate access to and from the area, in addition to the availability of basic services. For the residents, it has a number of universities that provide the best educational services, luxurious hospitals and other basics that the residents need.
The most important factors that make Sisli a highly desirable area is that it is the best option for investment, as it includes relatively few new projects, and therefore real estate prices are constantly rising, demand is high and supply is low.
Kagithane area is a magnet for real estate investors, as it is very promising for real estate investment in Istanbul, as it is a newly developed area, which is being developed and reconstructed, and slums and old buildings are transformed into modern neighborhoods and high-end complexes so that they are appropriate and consistent with their neighboring areas. It is located close to the luxurious central areas such as Sisli, Levent and Maslak. The Turkish government is also working on developing the area's infrastructure and expanding the transportation network, metro lines and tunnels. In the previous year, the budget for the fiscal year of Kagithane municipality was set at 401 million and 563 thousand Turkish liras, 40% of the budget was allocated for investments and 30% for social work, so everyone asserts that the area will have a promising future.
Kagithane area is characterized by its proximity to the center of Istanbul, so it is desirable, as it is the cheapest alternative to the center of Istanbul, and the investor can achieve monthly and annual returns if the property has the elements of a profitable investment.
Kagithane area, unlike other areas, does not include many tourist attractions and is not located near the sea or the Bosphorus. As we mentioned at the beginning, it is the closest area to the city center and the real estate prices are affordable.
Umraniye is considered the center of Asian Istanbul, and it is an investment and residential area par excellence, its real estate projects are growing day by day, and it has gained a reputation and fame among foreign investors because of its investment importance and increasing value.
Umraniye area is characterized by the presence of the Istanbul International Financial Center, which added a great impact and contributed to transforming Umraniye area into a center of attraction for promising investments in Istanbul, making it at the forefront of the leading investment areas on the Asian side in particular and in the whole of Istanbul in general.
One of the reasons that makes Umraniye area suitable for investment as well, is the rapid increase in the population of the area, and this has caught the attention of those who invest in real estate in recent years.
Besides, the presence of Uskudar Metro and easy access to and from the area made it Istanbul's Asian center and led to the rapid rise in real estate prices and investment rates.
As for transportation, the opening of the Uskudar - Umraniye - Çekmekoy - Sancaktepe metro lines was a qualitative leap for the residents of the area and for those wishing to move and live in Umraniye neighborhoods. The transition from Umraniye to the Uskudar area takes only 12 minutes, and the access from Umraniye to the European side of Istanbul takes no more than 20 minutes, and since the start of the new metro line, the area has witnessed a great demand that was reflected in the rise in real estate prices and the increase in the investment budget significantly.
The special thing about Umraniye is the Istanbul International Financial Center project, which is set to be an international financial center with first-class commercial and office districts, and aims to be the international pioneer of innovative and sustainable development. As soon as the construction work of the Istanbul International Financial Center project began, there was a significant increase in real estate investment rates in this area.
Learn about our real estate projects in Umraniye area from the following link: Property For Sale In Umraniye
Kadikoy is considered one of the very important areas in Istanbul, and one of the most famous and most visited tourist areas. It is also considered a residential area and a commercial center in Asian Istanbul.
The distinctive location of Kadikoy plays a major role in determining the value of the area and its investment importance. Most of the residential projects in Kadikoy overlook Marmara Sea, which gives it a competitive advantage over the rest of the Asian areas of Istanbul. The presence of recreational facilities and tourist attractions in the area has also increased the desire of foreigners to invest in Kadikoy, rather than other areas. If you prefer a life of luxury, sophistication and development, your home awaits you in Kadikoy.
Turkish real estate market experts expect that Kadikoy will witness a huge real estate investment leap in the near future, as real estate projects are growing at a tremendous speed with high-level architecture and designs.
In addition, Kadikoy is a suitable area for housing, as it is served by all the basic services that ensure residents meet all their needs, and it is very close to Sabiha International Airport.
- This project represents a functional and ideal life in the center of the city.
- For a happy life, a very special living space project designed down to the last detail for an enjoyable life is raising.
- The project comprising of 3 towers, each with 23 floors, built on a land of 26.000 Sqm in total.
- An enjoyable life is waiting for you with outdoor and indoor swimming pools in each tower, as well as fitness, spa, steam rooms, walking parkour, playground and shopping facilities enabling you to meet all your needs without going away from your home.
- Furthermore, it offers a tranquil and peaceful living space focusing on efficient and correct use of the land, energy and water.
- Peaceful lifestyle is waiting for you where you can see the sea from your window.
For more information about the project and available apartment options, please contact us.
Kartal area in the Asian side of Istanbul overlooking the Sea of Marmara, one of the most beautiful areas of Istanbul with its high-end neighborhoods, a center for real estate projects and ready residential complexes that are still under construction. This urban renaissance came in line with infrastructure projects and the development of the transportation network, which in turn attracted investors interest to the Asian side of Istanbul, which made Kartal area the first destination for investors in 2021. In addition, Kartal area includes another type of real estate projects, which is urban transformation projects or transforming old slums into elegant, organized and luxurious neighborhoods, by demolishing them and then reconstructing and reviving them again, in line with the requirements of the modern era and in line with the vision of 2023. This construction boom contributed to enhancing the value of real estate in Kartal and increased its price and investment importance.
Learn about our real estate projects in Kartal area from the following link: Kartal projects