So, how well do you know Istanbul? You have probably heard of Besiktas - where eye-watering prices put the central region at the top of the pile. However, there are a number of up-and-coming neighbourhoods where property is becoming available thanks to regeneration and gentrification. Investors are moving in and developers are buying up - a sure sign that these little-known areas are on their uppers. We let you in on four areas where, price-wise, there is still room to move.
In recent decades Istanbul’s transformation from a modest city to a huge centre, home to a quarter of Turkey’s population has been astounding. Economic advances and increased immigration to the city mean Istanbul is bigger and wealthier than ever before. However, growth has not been smooth, and now city planners are aiming to transform the city over the next 20 years with initiatives aiming to improve housing and infrastructure for future generations. We explore the opportunities urban transformation presents for investors - and the problems associated with rapid change.
In a city as big as Istanbul, it is easy to get lost, easy to look for easy options of investment in city centre favourite districts and regions such as prime Esenyurt and Beylikduzu. But, what are the districts in Istanbul that have yet to reach their full potential? The areas that are prime for investment today to pay off tomorrow? We take a close look at Bomonti, Kagithane, and Bahcesehir to bring to you our top three spots for real estate today that are set to see huge price increases in the next 5-10 years.
The Sisli neighbourhood of Bomonti is just a stone's throw from the exclusive area of Nisantasi and three kilometres from Taksim Square, yet prices are still favourable. This old town built around a historic brewery has experienced mega-development, with several high-profile names taking advantage of lower land prices to make their mark on this esteemed area.