Today Real Estate market in Istanbul grows each day both in quality level and prices. But still you can see that the prices on real estate turkey properties in Istanbul are still significantly lower than in Europe and USA.
Istanbul is listed in top 5 fastest growing markets all around the world. For example in 2014, property prices in Istanbul grow up to 20%. The total amount of sold properties to foreign investors is 12.000 units.
Nowadays property market in Istanbul is a leader due to the number of purchases and mortgage deals. The volume of financial mortgages deals in Istanbul from January to September 2014 has grown to 36.4 billion lira (about 18 billion USD).
The research and investigation property portal ''Global Property Guide'' says that, the Istanbul city is on the 30th place in the ranking of the world's most expensive cities to buy real estate. Between the years 2004 and 2011, the average price of apartments class “luxury” in Istanbul has almost doubled – from 2000 USD to 4500 USD for 1 square meter. In fact the prices are still relatively inexpensive.
During the latest five years, the value of property in Istanbul is growing steadily, due to all researches of the Turkish property market, the number of real estate price will continue to increase. According to the analytical data by the Association of Real Estate Investment since January 2010 a property in Istanbul has risen by 41%.
Below you can see the most popular regions in Istanbul for purchasing a property with Maximos Real Estate:
Property in Besiktas
Besiktas
is a central region of Istanbul and its major commercial center of Istanbul, Besiktas is situated on the shore of the
Bosphorus. This is one of the most well-developed and oldest regions with rich history. The most of the
Istanbul's shopping and business centers, boutiques, luxury
hotels and prestigious schools are located here. Prices for 1 square. m. of housing
starts from 900 euros in the old building in new buildings – from 2000 euro, especially in
the most expensive neighborhoods that make up the district Besiktas –
Bebek, Levent and Etiler.property in istanbul for sale
Property in Sisli
Sisli region is a major business and shopping district, mainly for the well-off and middle class. Sisli is a
relatively new area for Istanbul, construction here began in the 19th century. The region is located
near the Bosphorus, though the Bosphorus can be seen only from skyscrapers, the region doesn't have direct access to the shore. When the Turkish Republic was founded, Sisli area started to develop: construction of houses, tram lines etc. Today in Sisli you will find a lot of fancy shopping centers, cafes, restaurants, cinemas. In this region there are a lot of luxury Residence like Trump Towers, Quasar Residence and Zorlu Residence- these residences have stunning Bosphorus view and ultra luxury and quality apartments. Close by this region you will find Nisantasi- the region that is preferred by the beau monde of Istanbul. Prices start from Sisli 1500 euro per 1
sq.m. in ordinary houses and 2500 euros in the new residences.Property in Beyoglu
Beyoglu region is located in the European part of Istanbul, surrounded by the
waters of the Bosphorus and Golden Horn Bay. Before the beginning of the
First World War Beyoglu was the center of the political
elite of the Ottoman Empire. After the settlement of migrants from
Anatolia region, the architecture of Beyoglu region became more eclectic, and
the area in general overpopulated. Now Beyoglu is mostly built up with the old buildings. Prices for
apartments in older homes here start at 1000 Euro per 1 sq in new homes –
from 1500 Euro per 1 sq m, and in the luxurious residence – from 2500
per 1 sq.m.Real Estate in Fatih
On the opposite side of the Golden Horn on the shores of the Bosphorus and the Marmara Sea there is a historical district of Istanbul- Fatih. The territory of Fatih region is enclosed within the former city walls of Constantinople. Here are located all the main cultural and historical attractions of Istanbul: Hagia Sophia, Sultanahmet Mosque and others. In older homes property prices start from 1000 euro per 1 sq. m.
Properties in Sultanahmet
Inside the Fatih district of Istanbul’s there is a historical center called Sultanahmet, part of which has in 1985 entered into the UNESCO World Heritage List. Suhtanahmet is a cultural and touristic center that is filled with various attractions, hotels, shopping bazaars and markets. There are very few apartments for sale, so the prices start from 1700 euros per sq.m. in older homes.
Properties in Zeytinburnu
On the shores of Bosphorus is located Zeytinburnu- the industrial area. In Zeyinburnu you can find real estate in apartment blocks, most of which are inhabited by foreigners. Prices for apartments in ordinary homes start at 900 Euros per 1 sq.m. and in new building from 1500 euros.
Properties in Bahçelievler
After Zeytinburnu region there is Bahçelievler region. Name of this region can be translated from Turkish as “houses with gardens”. Thanks to the original layout Bahçelievler region was built up mainly private houses with small plots. Since the second half of the 20th century, due to the growth of the population, it became necessary to rebuild most of the houses into the multi- storey blocks of seven storeys and residences. Housing prices per 1 sq.m. average from 750 euro to ordinary households and 1300 euros in new residences. In Bahcelievler is a wide range of property offers from old houses in traditional neighborhoods to large new residential residences with swimming pools and developed infrastructure.
