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Istanbul, the largest city in Turkey, has seen a drastic change in the real estate market. There are plenty of investment opportunities in the Istanbul property market. However, before you plan to invest in real estate in Istanbul, it is necessary to know about the hot property destinations where you need to invest. In this blog, we list some of the property hotspots in Istanbul where you can get some of the best villas as well as apartments at low prices. Read on.
Bomonti, Sisli
The destination that tops our list of real estate hotspot in Istanbul is Bomonti in Sisli. One of the prime investment destinations in Istanbul, Bomonti has Turkey’s first beer brewing factory. Though the building was abandoned for some time, there has been a lot of development in the area. The place is now vibrant with an urban centre, traditional markets, and beautiful cultural events. The infrastructure in the area has also improved. As a result, Bomonti emerged as the prime real estate spot in Istanbul. Surprisingly, the prices of property in the area are approximately 45% lower than the other neighbouring areas.
Baskin Ekspres
Also known as the Media Highway, Baskin Ekspres Road is another hot real estate destination in Istanbul. The place connects Istanbul’s two most important roads. Baskin Ekspres is undergoing a makeover at present, thanks to millions of dollars of investment. The area has also been declared as the business hub of Istanbul. The area also has several hotels and office buildings. The best part is all the prominent areas of Istanbul can be easily reached from Baskin Ekspres.
Bahcesehir
Prominently known as the Garden City, Bahcesehir is another emerging real estate destination in Istanbul. Surrounded by Buyukcekmece and Kucukcekmece lakes, Bahcesehir has been designed for the city dwellers. The place has plenty of green space, urban facilities, malls, restaurants, supermarkets, and gyms. The popularity of the area has increased in the last 15 years and is one of the most prominent destinations of Istanbul.
Conclusion
Those were the top three famous real estate destinations in Istanbul. The best part is the prices of property in these posh areas are still within the budget. So, make sure you invest in one of these areas before the prices start skyrocketing.
Thanks for the information. Good post.