Istanbul has always been one of the most popular provinces in Turkey where both locals and foreigners choose to invest. As new buildings and developments are constantly increasing, neighborhoods that were previously known as the best areas to buy have been replaced by new ones. Urban transformation projects and transportation infrastructure are among a few of the attractive reasons that attract the most attention of investors and offer long-term profit potential due to capital gains and rental returns. Istanbul is also the most preferred city for citizenship by foreign investors due to the new regulations.
Major projects have recently been announced: Canal Istanbul, Sultan Selim III Bridge, Yavuz Bridge, Istanbul Third Airport, and North Marmara Expressway. These projects draw attention to the northern part of the city and provide investors with a new opportunity. The interconnection of these projects has created a new investment trend in Istanbul.
Where to invest in Istanbul?
New projects have also affected the prices of properties for sale in Istanbul with an increase in their total value. Top 13 regions in Istanbul in which foreign investors invest: Kadikoy, Atasehir, Zeytinburun, Umraniye, Kagtaneh, Kartal, Basaksehir, Çekmeköy, Pendik / Kurtkoy, Sancaktepe, Sultanbeyli, Beylikdüzü, and Esenyurt.
Kadikoy is located in the Asian side, which is the most preferred area for investment due to its proximity to the European side, ease of transportation thanks to the metro line and short distance to places like Acıbadem and Bağdat Street. Kadıköy offers the potential for capital gains and attractive rental returns. Average sales in the area are rising with urban transformation projects, especially branded real estate projects. Besiktas, Sariyer, and Bakirkoy have become some of the most expensive districts in the past three years, with prices expected to continue to rise.
Ataşehir is improving its quality through real estate projects, especially in West Ataşehir where the price value is rising. With the recent Istanbul Financial Center project, sales of residential and commercial properties have increased.
Zeytinburnu region is one of the preferred regions for foreign buyers. It is planned to build new real estate projects, commercial properties, hotels, among others. These projects have the potential to generate capital gains, especially when purchased early.
With the financial center and Üsküdar-Ümraniye-Çekmeköy metro line projects, Umraniye has enjoyed an increase in demand and prices. The area offers potential for return on investment given the new infrastructure and upcoming projects.
Kağıthane was one of the regions with the highest sales and highest prices in the past three years. As it is located on the bridge roads connecting the two sides, close to the workplaces due to its central location and moving to Taksim with the recent tunnel projects, the transportation takes less time. Mahmutbey-Mecidiyeköy metro line will make transportation between regions much easier. As a result of these relocation projects, housing prices and demand for real estate projects are expected to rise.
Kartal has become one of the regions with the highest increase in value in the past three years with transportation projects such as the Kartal-Kadıköy metro line, urban transformation projects, and public investments, such as the Anatolian Palace of Justice in Istanbul. Although 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 to TEM, the large highway that 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 intersection.
Basaksehir is located in a commercial district and promises good investment opportunities, despite being far from the central business centers. Ataturk Olympic Stadium, Grand Health Center and other investment projects in Basaksehir support this opportunity.
Pendik / Kurtkoy:
Pendik / Kurtkoy has real estate projects for every type of income and is gaining interest. It is close to Sabiha Gokcen Airport and transportation routes and is particularly preferred by foreign investors for its proximity to Adalar and its generally convenient location.
Sancaktepe is located on the Sabiha Gokcen Airport connection roads, the TEM highway and the TEM-Kartal connection roads as it is one of the exit points from the Anatolian side of the North Marmara Motorway.
Beylikduzu is one of the other regions with the highest increase in value. The most important reason for this is the quality of 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 has always been an area of great value due to its location and continues to maintain its value and sales interest especially in Sultangazi and Bağcılar provinces, which are increasing in terms of investment value and profits thanks to their new high-quality real estate projects. Esenyurt is close to all transportation and offers potential for returns on investment and rental returns.
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