Buying a Villa in European Istanbul
June 27, 2024
When considering the search for villas for sale in the European side of Istanbul, it's crucial to consider several important factors when choosing the area you want to live in. Additionally, you should specify the details of the villa you wish to buy and be meticulous in your selection from all aspects. There are pros and cons to both the villas and the European side itself. Therefore, we provide you with useful, simple, and important information in this article that you should be aware of before choosing a villa that suits you and your family in the European side of Istanbul.
Villa Areas in European Istanbul
The European part of Istanbul is very large and includes many developing areas that host a variety of luxurious villas. Some of the most famous and luxurious villa areas include:
Başakşehir Area
Villas in Başakşehir are known for their world-class architectural designs. The increasing demand from investors and tourists has made the real estate and investment market in this area very active and profitable. Additionally, most residents are foreigners. The geographical location of Başakşehir is notable for being close to Istanbul's new airport, one of the most important airports globally, and also near the new Istanbul Canal, which is one of the major projects in Turkey and the world.
Beylikdüzü Area
Beylikdüzü tops the list of the best areas in Istanbul for urban development. Originally a rural area, it is only 40 kilometers away from the city center. Beylikdüzü is widely known for its villas, social, recreational, and sports centers, including open and closed swimming pools, children’s entertainment centers, parks, and various other social and service facilities, making it very attractive to investors and tourists.
Sarıyer Area
The property prices in Sarıyer are very high, making it exclusive to businessmen and the wealthy. This supports the decision to search for villas for sale here as their prices are continuously increasing, offering profitable returns. Sarıyer is close to major projects like the new Istanbul Airport and the Istanbul Canal.
Taksim Area
Taksim is characterized by its unique tourist style, attracting many tourists from around the world. The area is distinguished by Istiklal Street, a major route for the Ottoman army during its historic conquests. Although it was significant in the past, its importance remains today as it is one of the largest and most famous tourist shopping streets in Istanbul, visited daily by thousands of locals and foreigners.
Advantages of Buying a Villa in European Istanbul
There are several advantages to the villas in European Istanbul that make investors eager to buy or live in them, including:
Modern Infrastructure
Villas in the European section of Istanbul are known for their strong and durable infrastructure. The area continues to provide villas and nearby areas with services that facilitate living, such as railways, roads, public transportation, metro buses serving thousands daily, trams, ferries, and boats. Additionally, this section is packed with service centers like malls, universities, schools, hospitals, and mosques.
Major Projects
European Istanbul includes many investment and service projects, such as the new Istanbul Airport, one of the largest and most distinctive and busiest airports in the world. This significantly increased the demand for villas near the airport, raising their prices.
Accompanying Services
Villas offer high-quality recreational services such as swimming pools, gardens, Turkish baths, and saunas.
High Investment Returns
Villas can generate substantial profits, whether through resale at higher prices or rental. The high rental income, especially for villas near tourist and historical sites, guarantees a high monthly return.
Scenic Views
Villas are a haven for nature lovers, often overlooking forests or the sea. The European side of Istanbul has plenty of green spaces, gardens, and water sources.
Eligibility for Turkish Citizenship
The prices of villas in the European side of Istanbul are very suitable for those wishing to obtain Turkish citizenship, as most reach $400,000 and some exceed this amount.
Prices of Villas in European Istanbul
Villas in European Istanbul are considered expensive but their prices align with the luxurious services they provide. Their prices are not fixed but continuously rising, especially after the introduction of significant projects that have markedly increased the real estate and investment value of the villas. Additionally, the prices of villas in the European part of Istanbul are very low compared to a villa with the same specifications in Europe.
Factors Affecting Villa Prices in European Istanbul
Several factors influence the value and prices of villas, making each villa unique with its own set of services and characteristics, such as:
- Proximity to vital projects.
- Size of the villa.
- Exterior design and materials used in construction.
- Age of the villa.
- Social, recreational, and technological services offered.
- The villa’s view significantly affects its value.
- The villa’s location and its proximity to city services.
The promising future and successful investment in European Istanbul lie in buying a villa in the European section and investing in it, or even reselling it after a period. It's a profitable and guaranteed project.
If you have any further inquiries, feel free to contact us.
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