Istanbul is one of the most popular cities chosen by both local people and foreigners for investment. Ever-growing with new construction projects, the once best purchase has given way to new areas.
This change occurs due to new developments and construction projects. Urban transformation projects and developments in transportation infrastructure, which provide earnings on the capital, rental income, and long-term profit potential, attract the attention of investors in different regions.
Istanbul is also the city most preferred by foreign investors for citizenship by investment due to new regulations. That’s why foreigners who want to invest in Turkey prefer Turkish citizenship by investment. Buying a property is also very easy and since the Turkish government made new regulations on the rules that allow foreigners to buy property in Turkey, there are no barriers to finding your dream home in Istanbul and buying it hassle-free.
Beylikduzu, a region with a high rate of value growth, has become one of the areas where prices have significantly increased, thanks in part to investment opportunities and the Bakirkoy-Avcilar-Esenyurt-Beylikduzu metro line, which connects the European and Anatolian sides of the city. Foreign investors are becoming more interested in the region, which offers a good quality of life along with high-quality investment prospects and newly constructed projects.
Beylikduzu population is 398,122 according to 2021. This population consists of 194,742 males and 203,380 females. As a percentage: 48.92% are men and 51.08% are women.
In the last month, the prices of houses for sale in Beylikduzu have increased by 17.71% in the housing market. While the average residential square meter prices in the Beylikduzu district are 692.44 USD (11,995 TL), the payback period is calculated as 20 years.
Accordingly, in the real estate index and regional report of 2022, the average price of a 100-square-meter house purchased in Beylikduzu was between 51,939.84 USD (899,655 TL) and 86,564.95 USD (1,499,400 TL).
One of the most sought-after locations for investment is Kadikoy, one of the most beautiful places on the Anatolian Side. With its social amenities, proximity to the European Side, ease of accessibility thanks to the metro lines, and proximity to other crucial neighborhoods like Acıbadem and Bagdat Street, Kadikoy offers high property values and enticing rental revenue.
Kadikoy’s population is 485,233 compared to 2021. This population consists of 218,661 men and 266,572 women. As a percentage: 45.06% are male, and 54.94% are female.
In the last month, the prices of housing for sale in Kadikoy have increased by 14.39% in the housing market. While the average residential square meter prices in Kadikoy district are 2,090.19 USD (36,208 TL), the payback period is calculated as 30 years.
Accordingly, the average price of a 100-square-meter house purchased in Kadikoy district in the real estate index and regional report of 2022 was between 156,773 USD (2,715,600 TL) and 261.289 USD (4,526,000 TL).
With the development of high-quality real estate projects in the district’s west, Atasehir has increased in value. Sales of hotels and retail stores rose in the area, particularly as a result of the Istanbul Financial Center Project.
Atasehir’s population is 427,217 compared to 2021. This population consists of 209.502 men and 217.715 women. As a percentage: 49.04% are men and 50.96% are women.
In the Atasehir residential market, the prices of houses for sale increased by 20.03% in the last month. While the average residential square meter prices in the Atasehir district are 1,013.17 USD (17,551 TL), the payback period is calculated as 18 years.
Accordingly, in the real estate index and regional report of 2022, the average price of a 100-square meter house purchased in the Atasehir district was between (1,316,333 TL) and 126,649.94 USD (2,193,900 TL).
Preparations are underway for the development of new real estate projects, commercial properties, hotels, and other services in Zeytinburnu, which is one of the most popular regions for international investors. These enterprises have a lot of opportunities for very high returns especially if you buy them early.
Preparations are being made for new property projects, vacations, and much more extensive facilities in Zeytinburnu, which is one of the most popular destinations for tourists.
Zeytinburnu’s population is 293,839 compared to 2021. This population consists of 147,234 men and 146,605 women. As a percentage: 50.11% are men, and 49.89% are women.
In the last month, the prices of the houses for sale in Zeytinburnu have increased by 5.61%. While the average residential square meter prices in the Zeytinburnu district are 779.32 USD (13,500 TL), the payback period is calculated as 14 years.
Accordingly, the average price of a 100-square meter house purchased in the Zeytinburnu district in the real estate index and regional report of 2022 was between 58,447.98 USD (1,012,470 TL) and 97,416.19 USD (1,687,500 TL).
The area experienced a significant spike in real estate prices as a result of the Finance Center and Uskudar-Umraniye-Cekmekoy metro line projects. New projects and ongoing construction have a great potential for return on investment.
The population of Umraniye is 726,758 compared to 2021. This population consists of 363,386 men and 363,372 women. As a percentage: 50.00% men and 50.00% women.
In the last month, the prices of houses for sale in Umraniye have increased by 14.24 percent. While the average residential square meter prices in the Umraniye district are 817.77 USD (14,166 TL), the payback period is calculated as 20 years.
Accordingly, in the real estate index and regional report of 2022, the average price of a 100-square meter house purchased in the Umraniye district was between 61,333.30 USD (1,062,465 TL) and 102,223.61 USD (1,770,800 TL).
Although Basaksehir, which is a commercial area, is far from business centers, it offers good investment opportunities to investors. While the Ataturk Olympic Stadium, health centers, and other investment projects support this opportunity, the investment values of the region, which can offer easy solutions for transportation with the Otogar- Bagcilar- Basaksehir metro line, are growing.
The population of Basaksehir is 503,243 compared to 2021. This population consists of 252,731 males and 250,512 females. As a percentage: 50.22% are men, and 49.78% are women.
Housing prices for sale in Basaksehir have increased by 10.64% in the last month. While the average residential square meter prices in the Basaksehir district are 19.917 TL, the payback period is calculated as 27 years.
Accordingly, in the real estate index and regional report of 2022, the average price of a 100-square meter house purchased in the Basaksehir district was between 1,493,745 TL and 2,489,600 TL.
Esenyurt, which has long been the center of attention, can easily maintain its prices and sales figures, but in recent years, when new and opulent projects and urban transformation projects in the area have been combined with the convenient transportation opportunity that all public transportation lines pass through the area, investment and rental returns have been growing exponentially.
Esenyurt’s population is 977,489 according to 2021. This population consists of 500,994 men and 476,495 women. As a percentage: 51.25% are men, and 48.75% are women.
In the last month, the prices of houses for sale in the Esenyurt market for sale have increased by 13, 27%. While the average residential square meter prices in the Esenyurt district are 7,766 TL, the return time is calculated as 13 years.
Accordingly, the average price of a 100-square meter house purchased in the Esenyurt district in the real estate index and region report of 2022 was between 582,482 TL and 970,800 TL.
8. Pendik (Kurtkoy)
Kurtkoy attracts attention with its real estate developments suitable for all income types and has started to establish its name even in a huge region like Pendik. Due to its generally advantageous position, the neighborhood is commonly chosen by international investors. It is particularly close to the Sabiha Gokcen Airport and the Islands, one of Istanbul’s favorite vacation destinations.
Pendik’s population is 741,895 compared to 2021. This population consists of 374,807 men and 367,088 women. As a percentage: 50.52% are men and 49.48% are women.
In the last month, the prices of houses for sale in the Pendik housing market have increased by 17.58%. While the average residential square meter prices in the Pendik district are 11,263 TL, the payback period is calculated as 20 years.
According to this, the average price of a 100-square meter house purchased in the Pendik district in the 2022 real estate index and the regional report was between 844,695 TL and 1,407,800 TL.
What is the Advantage of Investing in Istanbul?
Istanbul is a perfect city in every way. In addition to the attraction of its culture, history, and natural beauties, this city also offers numerous advantages for the investment and business world. If you are considering investing in Turkey, you should consider Istanbul. Here are the reasons that make this unique city great for investment:
The heart of the corporate world: The commercial center of Turkey is Istanbul. Istanbul is home to the corporate headquarters of numerous national and international businesses. Consequently, there are several employment options in this metropolis. Istanbul serves as a hub for both domestic and international travelers thanks to the firms that are present there. It wouldn’t be inaccurate to argue that there is always a desire for the city. By investing in a city with so many prospects, you can profit from these opportunities.
The Influence of Travel: Istanbul is perhaps Turkey’s most fascinating city, in our opinion. Everyone is enthralled by Istanbul’s natural, cultural, and historical splendors. Millions of people visit the renowned dream city each year. Of course, there is fantastic potential for investors wherever there is a tourist. For instance, you may start a business in the lodging sector by buying a hotel in a busy area of the city. Istanbul’s high visitor volume provides hotels with a very favorable environment.
The Big Projects: The majority of the nation’s significant projects are carried out in Istanbul. Mega projects increase demand for the city and employment in equal measure. Every investor desires to invest in a setting that never loses its energy.
A Culture of Open Innovation: Istanbul is a city that welcomes investors, which is one of the reasons it attracts significant investment each year. This city, which is always growing and changing, is particularly receptive to new ideas in terms of business and investment. Therefore, with your investment ideas, you should have no trouble finding a place for yourself in this metropolis.
World Access is Simple: Istanbul is a city that connects continents due to its geographic location. Due to its proximity to significant ports and the fact that the Bosphorus serves as the first stop for travelers from Europe and Asia, you will have access to the entire world from this city.
What Benefits Can You Get from Buying Istanbul Real Estate?
Istanbul housing is in high demand. Istanbul is a fantastic area to invest in, especially if you are thinking about investing in real estate; we must inform you of the following: Istanbul’s real estate market is always in high demand. An investor has a distinct advantage when they know they won’t have any trouble renting out the flat they just bought.
Which Sectors are Advantageous to Invest in Istanbul?
Istanbul is not only one of the best cities to have districts that need to be invested in, but also has the most advantageous sectors to invest in. Moreover, Istanbul is the most populous city in Turkey and is also one of the most important cultural and financial centers in the world. This means that people from different cultures, civilizations, countries, races, and sects mostly come to Istanbul to work, live and invest in real estate. Because there are numerous sectors to invest in people who want to work in Istanbul, in different locations, different sectors, and different positions. Also, the country has developed in different sectors and is growing day by day. There are various kinds of valuable sectors in Turkey and these are listed below for you;
- Agriculture: Firstly, the planted land in Istanbul is quite small, but its productivity is high. Because there is more than one type of climate in Istanbul and it has Mediterranean vegetation. The modern agricultural method is used in Istanbul. On the other hand, the modern agricultural method is the application of various methods (scientific, and technological ) to obtain high yields from the soil. The most widely planted crops are wheat, broad beans, sunflower, onion, corn, oats, and barley. So, in the field of vegetables and fruits, tomatoes, cucumbers, peas, zucchini, apples, pears, and grapes are grown mostly. Some of the professions in the field of agriculture are; Farming, agricultural engineering, agricultural products management, agricultural expertise, and seed industrialism.
- Fishing: Istanbul is considered the center of fishing because it is located in the Marmara region. The main fish species are bluefish, bonito, horse mackerel, anchovy, kidney beans, and whiting. The professions of fisherman and hunter can be shown as an example of the fishing sector.
- Industry: Istanbul is one of the most developed cities in terms of the industrial sector. Approximately half of the 100 industrial enterprises in Turkey are located in Istanbul. Istanbul Chamber of Industry is the largest chamber of industry in Turkey. Mechanical engineering, automotive engineer, technician, and CNC master can be shown as examples of industrial sector professions.
- Transportation: Istanbul is the richest province of Turkey in terms of transportation. So, road, railway, sea, and air routes are very convenient in terms of transportation in Istanbul. In addition, almost all of the tourists who flock to Turkey are entering from Istanbul. Train engineers, couriers, drivers, captains, and pilots are examples of professions that can be given to the transportation sector.
- Technology: Technology is a rapidly growing and developing sector in Istanbul. In the technology sector, products such as electronic products, computers, information technologies, mobile devices, and household appliances can be given as examples of technological advancements. Also, technology company includes companies such as Apple, Samsung, and Microsoft. Apart from these, artificial intelligence, smartphones and tablets, blockchain, and home appliances that work with technology are examples of this sector. The professions that are examples of this sector are computer programming, software engineering, web design, and data science.
How Can I Invest in Real Estate in Istanbul?
One of the most promising real estate markets in the world can be entered by investing in Istanbul property. A center of excellence for investment in tourism, education, business, the economy, and trade, this center rotates constantly. The city is striving day and night to become one of the top financial centers in the world, with hundreds of flats, villas, and commercial properties being bought and sold every day.
Istanbul, while not being the capital, is the lifeblood of the nation and plays a significant role in Turkey’s 2023 vision plan to be the greatest performing nation. Because of this, real estate investors from around the globe swarm to the region to diversify their holdings and take advantage of the enormous capital appreciation potential.
Realty Group, one of the most seasoned real estate companies in Turkey, can assist you in finding the ideal property through purchasing, selling, investing, property management, financing, and after-sale services, to name just a few.
With more than +11 years of customer satisfaction, 73 percent of Realty Group’s new customer base is generated by referrals from former customers who purchased real estate in Turkey.
You can easily purchase the real estate of your desires from our website, or you can get in touch with us directly to receive satisfactory help.