The pull of seaside living is strong, and that’s no exception in Istanbul. However, seafront land is vanishing, swallowed up by urban development, and investors and lifestyle buyers are left with few options to achieve that coveted waterfront spot.
Property Turkey director Cameron Deggin has been keeping a close eye on the city’s waterfront developments.
“It’s hardly surprising that waterfront property in Istanbul is scarce,” he said. “Istanbul property has been top of many investors’ lists over the last 10 to 15 years, and waterfront homes will always be the number one choice.”
With development marching at a rapid pace, there are just a few opportunities left for investors, Deggin said.
However, investors are in luck, he added. “Unlike other metropolitan seaside areas, let’s say Manhattan or Dubai, waterfront property is still on the affordable side in Istanbul.”
While you might pay upwards of $900,000 for a modest apartment in Manhattan, and almost $800,000 in Dubai, in Istanbul, one-beds start at a reasonable $200,000.
But that won’t remain the case - and investors know it, Deggin said.
"With all the major metropolitan cities I’ve seen, not only does seafront property never lose its value, but the real estate appreciates in value higher than any other properties."
Deggin’s picks of Istanbul seafront homes not only reflect their quality design and features, but their appeal to tenants, and their potential for capital gains.
Striking architecture blends with the sea’s shore in this five-star luxury development, just metres from the water. Located in the area of Zeytinburnu, a hub for the city elite, the suburb has a great deal of natural beauty, while being just ten minutes from Ataturk Airport.
Built by one of the city’s best developers, Charm Blue consists of six tower blocks. Each has 17 floors, offering a mix of residential and commercial properties. Buyers have their pick of homes varying from one-bedroom apartments to spacious five-bedroom homes.
Each property is open plan, and a large terrace, allowing residents to take in panoramic ocean views. Each unit is designed with luxury and convenience in mind, with smart home technology allowing you to control everything from lighting to water temperature with your smartphone.
Within the grounds residents can enjoy a shopping area, cafes, boutiques and plenty of leisure facilities.
"This is an upmarket development that's going to be hugely popular with professionals," Deggin said. "It's ideal for investors looking to earn long-term, reliable rental income while sitting on that capital gain."
In Beylikduzu, Istanbul, this development is modern, stylish, and has all the five-star facilities coveted by modern lifestyle and investment buyers.
Aimed at families, there are no one-bedroom apartments in this newly-completed complex: buyers can choose from units starting from two-bedrooms. Each unit has an open plan design with large balconies from which you can gaze out over the Sea of Marmara.
With a range of shops, leisure facilities and landscaped gardens, there’s little reason to leave this top-notch development: just sit back, relax, and take in the views.
The well-connected complex is within easy reach of the city centre and Istanbul's chief financial districts, making the development extremely appealing for the city professionals looking for high-quality accommodation to house their families.
"Top-quality and great facilities on offer here," Deggin said. "This development will remain popular for many years, offering an easy exit strategy for investors."
Geared towards families seeking a waterfront lifestyle, there are plenty of facilities to keep everyone happy. There’s a particular emphasis on water activities, with a jetty, marina, and swimming pool. And of course, as you’d expect in such a comprehensive development, there are plenty of lifestyle facilities, including a 5000sqm bazaar, and a performance square, a social space at the centre of the project with jogging paths, a pet park, a playground and other communal features.
The project will be completed in 2020, and each of the complex’s 244 apartments and 42 duplex, terraced apartments will enjoy remarkable sea views from the large windows.
"This is just a great complex," Deggin said. "There's so much to do, it's in a great location, and it's perfect for families. Get in quick."
Facilities at West Marina include a brand new marina, a five-star hotel, private beach access and all the shops, restaurants and leisure facilities you would expect in a miniature city.
Its apartments are high-spec, open-plan properties geared at families, with plenty of space, and terraces from which to enjoy the stunning view over the Sea of Marmara.
"West Marina has everything you need and then some," Deggin said. "You might find you don't even need to leave. But if you do, it's incredibly easy to get into the central city, the airport - just about anywhere."
Charm Blue Just metres away from the ocean is this first-class project of expansive homes for sale in Zeytinburnu, the perfect option for those looking for elite-living just 10 minutes away from Ataturk Airport and within commuting distances to the centre.