Importance of buying real estate in the new areas of Istanbul

Created: 2022-10-26
Last Updated: 2024-04-20
Views: 1702

Content Index

Başakşehir area:
Ispartakule area:
Bahçeşehir area:
Advantages of real estate investment in the new areas:

Investing in the new areas in Istanbul is one of the most important types of real estate investments in Turkey, especially in the last five years, starting from 2018, the year that witnessed the opening of Istanbul's new third airport, which through few years did not exceed the fingers of one hand to be one of the second busiest airports in the world, the airport, which was accompanied by the development of all areas and lands surrounding the new airport, prompted the Turkish state to develop these areas and establish a large number of projects in all sectors, whether residential or investment projects, as well as establishing an infrastructure projects in all services such as schools, highways, and developing the transportation network, in addition to Establishing educational institutions, including governmental, international and private schools for all educational levels, as well as establishing a number of universities, mosques, squares and public parks to be a free space for residents, and an unlimited number of services to encourage citizens and foreigners to move away from the old center of Istanbul, which has become a traffic jam due to the population density.

Istanbul is a destination for many foreigners who came from the Arab region and Asian countries such as Iran, Afghanistan, Pakistan and China as well as from Russia, Ukraine, Germany and other countries to live in Turkey, although Istanbul includes the bulk of foreigners, especially investors in the import and export sector, the factors that pushed the state to expand and move to new areas to relieve pressure on the old city.

The Turkish state was able to expand and create a number of new neighborhoods and areas that took over the state's investments among these The areas of Başakşehir, "the district of the wealthy Arabs", Bahçeşehir, Ispartakule and Beylikduzu, areas that the state has been able to develop and provide with all basic services and facilities such as shopping centers, schools, hospitals, universities, mosques and other services, these areas have become, in less than ten years, to become a destination for foreign and local investments, especially real estate investment.

These areas witnessed a revival in the real estate market and the establishment of dozens and dozens of residential and investment complexes, which were characterized by luxury, sophistication and diversity between skyscrapers, buildings and villas, which attracted a large number of citizens to move to live in these areas, especially as they are characterized by the wideness of their streets, the spread of green spaces and gardens and their tranquility away from the hustle and bustle of the old city center of Istanbul, in today's article we will focus on the importance of investing and the advantages of buying real estate in the new areas.

Başakşehir area:

One of the most famous of the 39 districts and it is a newly established district. It was established in 2009 after it was separated from the district of Küçükçekmece, as it is bordered by many of the most important districts in Istanbul, at the north it is bordered by Arnavutkoy and Sazili Dere Lake, while The Eyup area is from the northeastern side, and the Sultan Ghazi and Esenler areas are from the eastern side, from the southern side it is bordered by the Küçükçekmece and Bagcilar districts, and from the southwest comes the Esenyurt district.

Ispartakule area:

Ispartakule is located north of Küçükçekmece Lake, affiliated to Avcilar district administratively, and bordered to the north and east by Başakşehir district and to the west by the Bahçeşehir neighborhood. It is one of the areas near to the 3rd New Istanbul Airport. In terms of highways, the E-80 highway is one of the access roads to it. As well TEM highway, which is minutes away from Bahçeşehir and Esenyurt. It has a green plain nature as it is located on a high hill that makes it one of the areas with low temperatures compared to the city center.

Bahçeşehir area:

Bahçeşehir is located on the European side of Istanbul, and it is in the middle of both Küçükçekmece Lake and Buyukçekmece Lake. It belongs to Başakşehir district, Historically Bahçeşehir was an independent district. It was established in 1999 until 2016, and later it was divided between to Başakşehir and Avcilar districts after the municipality of Istanbul redrawn the administrative boundaries of the districts, and the word Bahçeşehir in Turkish language means “city of gardens” due to its spread of small hills and valleys, and there is an industrial lake “Golet”, which extends over an area of 300,000 square meters, that helped the region to win several awards in a short period from the Turkish Ministry of Environment and the European Union.

Advantages of real estate investment in the new areas:

1- One of the most important reasons is its proximity to Istanbul's new third airport, as well as its proximity to the new Canal of Istanbul project that will be dug in 2023, the project which is titled as the second Bosphorus in Istanbul. Therefore, it is expected that once the canal opens, the prices of this region will be doubled to millions of dollars, which means guaranteed profits in the short and long term.

2- It is expected that moving the city center from Fatih and Beyoglu to Ispartakule and Başakşehir, this move will be at both economic and commercial levels, due to the transfer of the trade and logistic area.

3- The quiet nature of these areas, which provides a high-quality life for its residents.

4- The area is far from the hustle and bustle of the city center and at the same time it is close to the center thanks to the highways.

5- The region has become a central point for the largest new housing projects, which are being built according to the latest earthquake safety standards, with modern designs and heat-insulating glass facades, that allowing sunlight to enter apartments, which means relying on natural lighting throughout the day.

6- Most international hotels right now are directing to build new branches of their chains, including Sheraton, Hilton, Radisson Blu and Rotana hotels.

7- The wideness of the streets and its organized planning, and the vast green areas and natural valleys, as well as the calmness of the area and its distance from the hustle and bustle of the city.

Provides educational centers as it hosts approximately 35 primary schools, 30 secondary schools and kindergartens, in addition to 3 of the most famous international schools in Istanbul.

8- There is a subway network, as it includes the metro one of the most important and prominent factors that contributed to raising the investment value of new areas.

9- It is characterized by a strong transportation network in addition to the presence of many social facilities and cultural centers, as it contains a large number of secondary, preparatory and primary schools, health centers, cultural centers, theaters, and shopping centers.

10- The diversity of the real estate whether housing or investment real estates, where you can find villas, residential projects and hotel apartments, and also apartments options are varying as it starts from studio 1+0 up to 5+1, and also there are normal and duplex apartments that are existing in new residential projects.

11- Its proximity to Başakşehir Çam ve Sakura Şehir hospital, the largest medical hospital in Turkey.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.

Our services:

- Legal advice.

- Property Management.

- After-sales services.

- Legal services and obtaining Turkish citizenship.

- Buying and selling real estate in Turkey.

- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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