Feb 5, 2023

Types of Istanbul Luxury Real Estate

Many people want to buy property in Istanbul to enter the world of real estate investment in Turkey by investing in Istanbul real estate, This is due to the great diversity of the real estate market in Istanbul, where it can meet all needs and satisfy all tastes; from the cheapest apartments, to the most expensive and prestigious real estate.

What distinguishes Istanbul real estate is not its prices and designs but the historical atmosphere that one can feel in this city that witnessed hundreds of civilizations through out history, which can be seen through the ancient remains and landmark in the city. Therefore it is considered a main tourist destination. In addition, Istanbul is a coastal city and an international harbor, this means that most of Istanbul real estate has charming sea views especially those located on the Bosphorus bridges, which are considered one of the most expensive and luxury real estate in Istanbul due to the breathtaking views, especially at night, with the lights that sparkle on the waters of the Sea of Marmara at night.

If you are interested to buy luxury real estate in Istanbul, you will find everything about the types of luxury real estate in Istanbul in this article:

Villas in Istanbul:

If you want to buy a luxury real estate in Istanbul, you will not find better than villas. Villas of Istanbul are distinguished by their deferent areas and patterns. Their designs are unique and diverse, some are old style and are modern with the latest technology, in order to suit all tastes. Of course, they are often equipped with a swimming pool and a beautiful green garden. Villas are spread throughout all regions of Istanbul, European and Asian, especially the upscale neighborhoods such as Sariyer, Başakşehir, Buyukcekmece, and others. Certainly, the prices of luxury real estate in Istanbul of this type will be high due to the many services it provides and the many features it enjoys. It is considered the preferred choice by wealthy people and businessmen.

It is worth noting that the prices of villas in Istanbul also vary from one region to another according to different criteria, including the sea views and the region’s proximity to the sea, in addition to the public facilities and social services, the most important of which are public transportation, schools, and hospitals. The closer the property is to these services, the higher its price is and vice versa.

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Luxurious mansions in Istanbul:

The palaces are among the most famous luxury real estate in Istanbul. They were very popular in the past, as they were inhabited by the most important sultans and princes. In our time, the percentage of building and construction of palaces has decreased, but of course it did not lose its luster, the dazzling element when entering it. We can find it usually In the city center and among the most famous tourist places in Istanbul.

Most of the luxurious palaces are located on the Bosphorus Strait and can be seen when crossing the Strait by ferries or boat. These palaces or mansions are considered a legacy that is proudly passed down from one generation to the next by the prestigious and wealthy families in Turkey. Therefore, finding and buying them is not easy; they are sold only for two reasons disputes over inheritance or bankruptcy. Thus, selling these palaces usually conducted without advertisement or announcement.

Moreover, mansions are distinguished by their large areas and high-end decorations, which usually reflect the era in which they were built. They are used today for a variety of purposes. Some of them have been converted into museums visited by tourists from all over the world, while some are hired by investors for shooting films or historical series, and some may turn it into parties halls. Thus, we find that it is considered one of the most successful forms of real estate investment in Turkey. However, its great prices limit it to a specific category of investors.

Penthouses in Istanbul:

There are many people who do not know what penthouse apartments mean, as they are spacious apartments that occupy the upper floors of residential complexes in Istanbul. Their ceilings are usually higher than ordinary apartments, and are similar in height to the ceilings of palaces. Most importantly, they have a charming view of the city. They are equipped with the latest equipment and tools and may contain a swimming pool as well. The thing is, and usually it has its own elevator separate from the elevator of the residential complex, and you may also have a car garage for the apartment as well, and so we find that you will live in unlimited luxury when you choose this type of apartment in Istanbul.

It is worth noting that penthouse apartments are considered the most expensive among the apartment market in the world. Sometimes their price exceeds the price of villas, because they are usually located in the heart of major cities and capitals. They also enjoy charming panoramic views of the city because in most cases the walls of this type of apartments are glass.

Smart apartments in Istanbul:

Smart apartments entered the real estate market in Turkey at the end of the last century and were able to gain great popularity and become one of the most sought-after types of luxury real estate. Of course, smart apartments have spread greatly in Istanbul due to the civilizational, cultural and technological development that the city has witnessed and become a target for all fans of technology and luxury. Thus, Istanbul entered the race with major international cities to compete with them by containing the most modern apartments in the world.

Smart apartments depend on an integrated electronic system that controls everything that comes to your mind from the tasks of the house, and by this we mean opening and closing doors, windows and lights, in addition to controlling the air conditioning, monitoring security cameras, alerting when technical faults occur in the electrical cycle, and much more. This is all done through a click of a button. The electronic system is usually linked to an application in the phone of the property owner, while the communication takes place through daily text messages that inform the owner of all developments regarding the property.

Certainly, such type of real estate is very expensive. This is definitely due to the degree of sophistication and modernity of the apartment. Thus, prices may vary according to the features available in the apartments. However, it may be very useful for those who live with an elderly person who needs care and requirements, or a young child who needs to be monitored all the time.

There is no doubt that buying luxury real estate in Istanbul in particular, is one of the most successful types of real estate investment as it is also considered the best for housing and living as well. Istanbul has its historical, cultural, civilizational, economic, scientific and social value, which increases day by day due to the government’s interest in it and because it contains the essence of ancient history, as it was the capital of the Ottoman Empire in the past, and the first world port in the near future.

You can know all about luxury real estate in Istanbul by contacting our real estate consultant via WhatsApp, here.

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