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May 15, 2024

Istanbul: A Picturesque City at the Crossroads of Cultures


Istanbul, the capital of Turkey, is one of the most picturesque and culturally rich cities in the world. Its wealth of history, fusion of Eastern and Western cultures, architectural wonders, and captivating views of the Bosphorus attract numerous tourists. Istanbul is also known as one of the most dynamically developing cities, attractive for real estate investment. According to Endeksa, by mid-2023, the growth in real estate prices in Turkey reached 109%, with Istanbul leading the market.

Istanbul and Its Districts

Istanbul, uniquely located between Europe and Asia, is historically divided into two parts – Rumeli (European side) and Anatolian (Asian side), separated by the Bosphorus. With 39 administrative districts, the city offers diversity from modern to traditional areas, each with its unique features and opportunities.

Elite Districts of Istanbul: The European Side

The European side, with its historical monuments and developed infrastructure, is particularly attractive to foreign investors. Districts such as Başakşehir, Beşiktaş, Beyoğlu, Beylikdüzü, Sarıyer, Kağıthane, and Fatih stand out as leading places for housing and business.

Arnavutköy: Potential and Accessibility

The district of Arnavutköy, located in both Beşiktaş and the northwestern part of the city, is attractive for its history, culture, and transportation accessibility. It promises to become a key investment area due to the new airport and the planned sea canal.

Beşiktaş: A Blend of History and Modernity

Beşiktaş, one of the oldest and most prestigious districts, combines historical palaces and modern skyscrapers. It offers elite residential complexes and business centers, attracting both tourists and the business community.

Sarıyer: Luxury and Natural Beauty

Sarıyer is known for its summer residences, high-rise buildings, and beautiful natural landscapes. It draws attention for its transportation accessibility and diverse real estate.

Beylikdüzü: European Standards and Infrastructure

Beylikdüzü stands out for its modern infrastructure and excellent landscaping. The district offers a variety of housing and commercial properties, making it popular among investors.

Beyoğlu: The Cultural Heart and Tourist Paradise

Beyoğlu, famous for its cultural attractions and tourist appeal, offers elite real estate and high rental income.

The Asian Side: Tranquility and Traditions

The Asian side of Istanbul, known for its traditional way of life and relaxed pace, differs from the more dynamic European part of the city. This region is rich in both business and trade centers, as well as historical attractions. With well-developed infrastructure, the districts on the Asian side attract those seeking a peaceful life in a family setting. Among the most notable districts here are Kadıköy and Üsküdar, both of which have a rich history and culture.

Beykoz: Idyllic Seclusion

Beykoz, located in the northwest of the Kocaeli peninsula and adjacent to the Bosphorus and the Black Sea, is famous for its green and environmentally friendly areas. Known as a resting place for Ottoman sultans, today it is one of the most prestigious districts where luxurious villas and elite residential complexes can be found. Beykoz attracts those seeking tranquility and seclusion, offering full infrastructure for a comfortable life.

Kadıköy: Authenticity and Cultural Heritage

Kadıköy, the oldest district on the Asian side of Istanbul, is a unique blend of the atmosphere of the real Istanbul, historical streets, authentic shops and boutiques, and cultural richness. The district is famous for its yacht marinas, such as Kalamis and Fenerbahce Marina, and the popular Moda quarter, where rare antiques can be found. Kadıköy offers a variety of housing, from middle-class to exclusive complexes with views of the Bosphorus.

Üsküdar: The Heart of Asian Culture

Üsküdar, a significant district on the Asian side, is located at the junction of the Bosphorus Strait and the Sea of Marmara. This area, rich in historical and cultural monuments, is an important educational and medical center of the city. Üsküdar offers a variety of real estate options at more attractive prices compared to the European side of Istanbul.

Adalar: The Exclusivity of the Princes’ Islands

Adalar, an archipelago in the Sea of Marmara, is known as one of the most exclusive places in Istanbul. These islands, accessible only by water, attract global celebrities and local elites with their unique atmosphere, beautiful views, and luxurious real estate. Relaxation on the Adalar is characterized by tranquility, natural beauty, and elite services.

Turkish Citizenship through Investment

Investing in Istanbul real estate opens up opportunities for obtaining Turkish citizenship, providing numerous advantages, including freedom of travel, access to international markets, and a high standard of living. Astons’ experts will assist in selecting suitable real estate for participation in this program.

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