From the past to the present, the historic Peninsula of Istanbul has always been an important location for history and culture, religion, demographics, business, and trade. Of course, holding significant landmarks like the Hagia Sophia and Topkapi Palace, the historical value is priceless. This reflects in the UNESCO World Heritage site certification.
But even today, as Turkey's top tourist destination, the area’s value also shines through as prime real estate land, such is the importance. From the Byzantine era to the Ottoman conquest to today's Turkish Republic, the Old Peninsula is also an ideal introduction to Istanbul. With iconic landmarks, restaurants, hotels, varied architectural marvels, and today's modern world, all present a unique destination to fall in love with.
Called the old part of Istanbul, the historic island refers to the immediate areas south of the Golden Horn. Popular with foreign tourists, the Golden Horn is the inlet of the Bosphorus water strait, which aptly separates the new and old parts of Istanbul. The heart of the old Peninsula, the Sultanahmet neighbourhood, is home to major landmarks and tourist attractions, but other neighbourhoods include Eminonu, as well as Beyazit, Kumkapi, and Suleymaniye. All sit in Fatih, which is one of 39 official districts.
There are two reasons: history and location. This area, inhabited since the 7th century BC, has seen empires fought battles and wag wars to gain control, hence the ancient walls, which can still be seen in some parts. The new Byzantine Empire moved their capital here, after Rome, and the Ottomans, after conquering what was called Constantinople, also based their ruling capital here. The location is essential. Not to sound cliche, but this middle point between East and West sits next to the Marmara Sea, Bosphorus Strait, and Golden Horn—and was the heart of the old silk route during traditional times. The history and location are priceless.
Thankfully, history enthusiasts will be glad to know that the ancient times of conquests and battles are over, and these days, the Peninsula earns fame for popular tourist attractions. Historical sites are abundant, and modern life shines through on every corner. Given the prominence, it is prime real estate land as well. However, most properties for sale are commercial buildings.
If a home does come up for sale, it is snapped up at premium prices. There is also a lack of land for new buildings, and many areas are protected, so historic buildings and architecture must be preserved. Of course, if you are likely enough to live in surrounding districts, you have a slice of Byzantine and Ottoman history and an array of attractions on your doorstep.
Blue Mosque: Built in the early 17th century, the Blue Imperial Mosque, also called the Sultan Ahmed Mosque, is an exciting experience. Aside from the marvellous architecture, the decor and design that earned it the nickname reflects a time when this structure was an imperial place of worship for Ottoman sultans. A quirky fact is that a rope over the entranceway meant the sultan had to lower his head as he entered the courtyard. This was a reminder that no one was better than Allah.
Hagia Sophia: Sitting across from Sultanahmet mosque, the 6th-century Hagia Sophia was originally a church with Byzantine architecture. In the 15th century, when the Ottomans invaded Constantinople, it was converted into a mosque, then a museum, and finally back into a mosque. Indeed, the rich history means this landmark is worth queuing up for.
Istanbul Archaeology Museums: For a fantastic blend of history, all under one roof, these museums, which first opened their doors in the 19th century, are the best in Turkey and present thousands of artefacts from all over the world. Sitting just around the corner from the Hagia Sophia, you can see both in one day.
Topkapi Palace: The lush gardens and separate living quarters portray the daily lives of Ottoman sultans as they conquered nearly half the world. With stunning views and a strategic location, also pay the extra entrance fee to see the harem-style section.
Basilica Cistern: For a prime piece of Eastern Roman architecture, head down a flight of stone stairs to see the city of 1001 columns that are ten metres tall, called the Basilica cistern. Famed for the medusa heads at the back, scenes from the James Bond film Russia with Love were filmed here.
Gulhane Park: For beautiful gardens in this central location, head to this park near Topkapi Palace. Formally reserved for the Ottoman sultans, this peaceful retreat seems a world apart from Turkey's largest city.
Hippodrome: This historical monument, at the side of the Blue Mosque, may seem like just a square, but gladiator tournaments and Constantinople’s famous Nika riots took place here. Little remains, but curious travellers should seek out the original serpent column and Obelisk of Thutmose II.
Islamic Art Museum: Near the Hippodrome, this museum displays Islamic art and carpets from old nomadic tribes throughout history. The original 18th-century building belonged to a grand vizier of Suliman the Magnificent. The reputation for the fine Turkish coffee in the on-site cafe on the top floor of the art gallery goes far.
16th-century Suleymanie mosque: Designed by the Empire's most famous architect, Sinan, Suleymaniye mosque includes various social complexes, including a religious school, library, and medical centre. Sitting on Istanbul’s third hill, today called Beyazit, the decorative style and breathtaking views make it a UNESCO World Heritage site and a prime site for history buffs. While there, visit Sehzade mosque, another historical mosque a 5-minute away.
Fatih Mosque: Originally built on the church of the Holy Apostles, this mosque, named after the conqueror of Constantinople, reveals layers of history that intrigue architects from all over. However, remember that the historic site is still a place of worship, so visit outside during prayer times.
Forget about large shopping malls because shopping in the old historical Peninsula revolves around the bustling two famous attractions. The grand bazaar is excellent for shopping and cultural experiences. Built during Ottoman times, Turkey's largest covered market displays historic architecture, particularly at the entrance and on the ceilings. Culture enthusiasts will also like the vibes of the spice market nearby on a much smaller scale. The blend of cultures comes through in the spices sold, and at one time in history, you could find spices from every corner. On charming streets, you see many smaller bazaars selling various souvenirs.
Putting aside historic buildings and ancient streets, there is much more to the Peninsula. Rooftop restaurants do a roaring trade and serve every cuisine. The Roof Mezze 360 restaurant has many awards on Trip Advisor, and Avlu restaurant, a few streets away from Sultan Ahmed Mosque, appears in Istanbul’s Michelin guide. For public transportation, the T1 tram heads through places like Sultanahmet and Eminonu from other places in Istanbul. Of course, there are taxis, but always ensure they use metres.
Some people get confused because often they hear the name Beyoglu a lot. However, this refers to the area across from the Golden Horn, usually called the new part of Istanbul and not the old quarter part. Beyoglu, home to Istiklal Avenue and Taksim Square Monument, revolves around nightlife and shopping. During the 10th-century Byzantine rule, Genoese sailors were based outside the main city walls, hence the Galata tower, they built, which has exceptional views.
Beyoglu's history differs vastly. It is more known for the 18th—and 19th-century presence of foreign embassies. It was once called Pera and was associated with an opulent lifestyle. After visiting the historic Peninsula, if you have time, explore Beyoglu and nearby attractions like Dolmabahce Palace, the last home of the Ottoman sultans. However, like the historical Peninsula, if you want to buy property, get ready to pay premium prices. Many buildings, especially those on Istiklal Avenue, display marvellous baroque architecture. (More about Beyoglu and Taksim.)
We are Property Turkey, and we sell homes in all areas of Istanbul, from penthouses with panoramic views to peaceful outskirts retreats to modern new builds that are breaking the boundaries of architectural achievements. This city has undoubtedly left an indelible mark on the hearts of many, leading it to become a popular investment destination and home to foreign ex-pats. So, call us today to learn more about prominent areas and investing in Istanbul's historic Peninsula.