Istanbul’s Current Real Estate Standing and Its Relevance to Investors

Istanbul since its very first beginnings has always been a strategic point of interest politically and economically. Sitting at the edge of Europe and Asia, the city ‘connects’ the two continents with one half, that is also the older half of the city existing on the eastern edge, side-by-side with the western half of the city that is a modern version of the metropolis and has been witnessing expansion at least since the late half of the 20th century. Today, this edge includes one of the best examples of modern architecture like the Levant that comprises of tall skyscrapers and five star hotels that remain mostly out of bound for regular tourists.On the other side of the metropolis, the eastern edge includes some of the prime monuments that the city takes pride in and showcases to the world. Sites like the Hagia Sophia are now world heritage sites that witness thousands of tourists from around the world visiting the Hippodrome of Constantinople, the TaksimMaidan, Bayezid Mosque among many other landmarks almost dating back to the Roman era. Considering these points, Istanbul due to various economic and cultural reforms it took during the formation of modern Turkey after the need of the first world war, earned its name as one of the best destinations to live and work in. As the Turkish economy grew, its demands for investments and businesses from outside Eurasia became more prominent and large companies from western Europe and USA started opening its head offices here. The Levant district, that was planned out in 1947 as part of Istanbul’s movement to include business sectors for the metropolis soon became a vast neighborhood of tall skyscrapers and residential apartments. It is now the primary economic hub of Istanbul.


The remaining portion of Istanbul’s real estate is also consolidated in around the Airport. Construction projects of Istanbul like Q-ROSE, Q-MIX, Q-AIRPORT are located at districts adjoining Airport or near it. Sefakoy, where the AIRPORT project is being constructed, houses some of the best residential apartments in Istanbul, all for a reasonable price of just $124 for one-bedroom flat. If preferences include a 3-bedroom flat, a price of $200 is the minimum cost. Or you can move on to districts like the Beylikduzu, one of the busiest districts of Istanbul regarding real estate projects. This district comprises of medium to large commercial centers that are accompanying projects like Q-NATURE, Q-SEALIFE and Q-DREAM among many others that will cater to any residential requirements for visitors, rent seekers and simply for buyers. Istanbul’s construction projects never got better!