Real estate investment in Sultanbeyli is among the most profitable investments, especially in bustling areas with numerous development projects and high demand for properties, whether for residence or investment.

The real estate market in Turkey is experiencing rapid growth and significant prosperity, particularly in various areas of Istanbul. In this article, we will focus on the Sultanbeyli district in Istanbul, Turkey, providing information about real estate investment in the area.

Information About Real Estate Investment in Sultanbeyli

Sultanbeyli is centrally located in the Asian part of Istanbul, Turkey, covering an area of 29 km² with a population of approximately 329,000 people. Known for its charming nature, picturesque landscapes, moderate climate, and fresh air, Sultanbeyli was once a village. With the increasing population, it has transformed into a district.

The area retains a traditional feel in terms of landmarks and buildings; however, recent years have seen the emergence of many residential and commercial real estate projects, indicating significant growth in the real estate market. The district is divided into four sections and comprises 15 neighborhoods.

Sultanbeyli is surrounded by many tourist attractions and is a tourist destination itself, featuring the Sultanbeyli Lake, which spans 200 dunams. Around the lake, various activities such as football and basketball fields, swimming pools, water parks, children's playgrounds, parks, and various social facilities can be found.

Dating back to the 16th century, Sultanbeyli is a historic area that also includes remnants of the ancient Aydos Castle. The district is well-equipped with all life necessities, including schools, educational centers, hospitals, malls, shopping centers, sports clubs, and a strong transportation network that connects it to other parts of Istanbul.

Real Estate Investment in Sultanbeyli

Investing in an area like Sultanbeyli is highly successful by all standards. Many of the districts and neighborhoods still have old buildings that can be purchased at relatively low prices. Investors can build new, modern buildings with the latest and most beautiful designs and then sell them at high prices. Over the past five years, the real estate market in Sultanbeyli has seen significant price increases, and the area continues to promise further price hikes due to the growing demand for housing. Many investors are starting their commercial and residential projects in this area. It is still not too late to buy property for residence or investment in Sultanbeyli, as property prices are still much cheaper than in other upscale areas of Istanbul.

Advantages of Real Estate Investment in Sultanbeyli

Sultanbeyli is a promising area for real estate investment, attracting investors to purchase land and properties for updating, developing, or rebuilding to earn significant profits. The advantages that encourage investors to consider real estate investment in Sultanbeyli include:

• Property prices are still low compared to other areas in Istanbul.
• Increased demand for housing, apartments, homes, and villas from both locals and foreigners.
• Ongoing metro project in the area, which will connect it to various regions and cities in Turkey.
• Beautiful climate, charming nature, and picturesque landscapes.
• Numerous markets, malls, and various commercial stores, including many global brands.
• Availability of all life necessities, such as hospitals, schools, a strong transportation network, and commercial markets.

Factors Affecting Property Prices in Sultanbeyli

As in other Turkish areas and cities, property prices in Sultanbeyli, including apartments and buildings, vary widely, ranging from $35,000 to $5,000,000. This significant price variation is due to several factors:

• The location of the property and the surrounding facilities and services. Properties near the under-construction metro station tend to be more expensive than those in peripheral areas.
• Size: The size of the property is a crucial factor determining its price, with prices generally increasing with size.
• View: High-floor apartments with stunning views are also more expensive than lower-floor apartments.
• Proximity to Sultanbeyli Lake, which offers all amenities for recreation and leisure.
• The property’s infrastructure, earthquake resistance, modern design, beautiful decor, and luxurious fittings.

Real Estate Prices in Sultanbeyli

One of the incentives for real estate investment or even buying property for residence in Sultanbeyli is that property and apartment prices are still significantly cheaper compared to other areas in Istanbul. Here is a glimpse of apartment prices in Sultanbeyli:

• A two or three-bedroom apartment with a total area between 110 m² and 125 m² costs approximately 1,210,328 Turkish Lira.
• A three or four-bedroom apartment with a total area between 150 m² and 160 m² costs approximately 1,786,528 Turkish Lira.
• A four-bedroom duplex apartment with an area between 200 m² and 230 m² costs approximately 2,135,192 Turkish Lira.
• A four or five-bedroom duplex apartment with an area between 280 m² and 300 m² costs approximately 3,551,105 Turkish Lira.

Conclusion

In conclusion, with the flourishing real estate market and sustainable growth opportunities, real estate investment in Sultanbeyli remains a strategic choice. Investors can benefit from the wide range of offers and modern technologies to achieve significant financial returns and enhance their investment portfolios in this vibrant city on the Asian side of Istanbul.