Feb 5, 2023

Real estate investment in European Istanbul and Asian Istanbul. Which is better?

• Introduction to Istanbul City

Istanbul is a cosmopolitan city known for its unique structure and historical, cultural and natural beauties that all people should visit at least once in their life. Istanbul is a modern and lively city, which brings together a wonderful blend of Eastern and Western culture, in addition to its deep and rich history. Although it is not the capital, Istanbul is still the cultural and commercial center of the country and the whole world, being the only city that sits on two continents at the same time, and this geographical location has increased its importance at the political, economic and geographical levels.

Istanbul was known in the past by several names such as Constantinople, Byzantium, New Rome, Augusta Antonia, Islampol, House of Happiness, Astana, and the shrine of the throne. Among its nicknames are the City of the Seven Hills, the City of Minarets, and the New City of Rome. The city is divided administratively into thirty-nine districts, and its districts are: the small Burj Al-Hammam, Chalcedon, Akab, Bayram Pasha, the grand Burj Al-Hammam, Catalca, Silivri, Usküdar, Şişli, Nahas Village, Besiktas, Beylikduzu, Zeytinburno, Sultan Ghazi, and Umraniye. Ghazi Osman Pasha, Al-Fatih, Melteba, the Hunters, Ayyub, Ras Al-Raya, and Sultan Bayli.

• An overview of the investment in Istanbul

It is certain that investments in Istanbul vary, as it is a developing country, a great power and a strong economy that accommodates all kinds of investments in all its forms, such as investment in the industrial, agricultural, commercial, tourism and real estate sectors.

In the real estate sector in Istanbul, there is an upward increase in foreign direct investment in Turkey, especially after the Turkish government has taken some measures and decisions encouraging foreign investment in Turkey, such as investment facilities, providing incentives, forming institutions that deal with investment issues, and following up foreign investments with interest and Attention .

Whether you are buying a property for investment or for housing or both, this is one of the most important decisions that you must make and you have to think a lot before making your decision, which is choosing the location of your property, which will determine its future value and will affect many aspects of your personal life .

• The European section of Istanbul

The most important residential projects are located in the European section of Istanbul , and the purchase of foreigners is often in the European section , as this section contains the majority of foreigners residing in Turkey and is considered the economic pole of the city .

What distinguishes real estate in the European section of Istanbul is the diversity of real estate options, in terms of spaces, size, price and properties of the property, in terms of views and strategic locations, in addition to the integrated transportation lines available in the European section of Istanbul, which cover and connect all areas of the section and provides ease of movement for residents.

This section also contains most of the tourist attractions of the Ottoman capital , which makes the investment return for real estate somewhat high , and the largest projects in Turkey are located in it , such as the Istanbul Canal project , the third airport and many others .

• The best real estate investment areas in the European Istanbul:

Of course, there are many areas located in the European part of the city, but there are many areas distinguished in terms of real estate investment, the most important of which are:

- Basaksehir area

- Beylikdüzü area

- Esenyurt area

- Kucukcekmece District

- Bahcesehir area

Asian side of Istanbul

The Asian part of Istanbul is the oldest, as Kadikoy, Fikretepe and Pendik have been inhabited since a long time ago. This section of the city is characterized by calm, picturesque nature and historical buildings. The Asian section of Istanbul is distinguished for its properties by the quality of the projects that are being built in the section. The projects that are held in this section are mostly commercial buildings and complexes, where we can say that the residential projects in the Asian section of the city are designed for social classes above the middle, and the price per square meter is rather high from the rest of the regions.

Real estate in Asian Istanbul has many advantages that make it very suitable for housing and investment at the same time. Work is currently underway to establish financial and medical centers in several areas of Asian Istanbul, which increases the value of real estate investment in it.