Turkey took place among great countries where most home purchases are happening in general. The demand for investment purposed housing and residential houses continues rapidly in Istanbul. Only in Istanbul nearly 18 percent of the total housing sales last year.
Istanbul is a priority city for both domestic and foreign real estate investors. Istanbul is situated in a central and significant location where the dynamism in the real estate and real estate market never decrease.
The 15, 52 million population of Istanbul and the growth rate of population being greater than expected make Istanbul the attraction point of great and luxury housing projects.
It is recognized that the 30% of properties sold in 2020 are from new housing projects. Branded housing projects rising almost in every part of Istanbul have had a great effect on this high rate. In the past years, property investments were focused and intensed in Istanbul districts such as Esenyurt, Beylikduzu, Pendik and Sancaktepe.
The land stock in these districts was greater than other districts, but later on purchases increased towards the relatively inland regions such as Kadikoy, Kagithane, Kartal and Umraniye.
Istanbul, where there is a wide range of construction and urbanization, still attracts attention with its magnificent locations. These perfect locations are very suitable for housing projects and districts to be valued.
Especially, the construction of the new roads, bridges, tunnels and various transportation networks built with the effects of urbanization, provide a great opportunities for real estate market.
There are now worthy options for investment in places where no accommodation was predicted even five years ago. With the buildings constructed in almost every corner of Istanbul, projects continue to improve. The main purpose is to meet the increasing demands not only for residential areas but also in areas such as workplaces and offices.
The most valued regions of Istanbul on the European side are Sisli, Beyoglu, Besiktas, Zeytinburnu and Eyupsultan and Kadikoy, Atasehir, Uskudar and Maltepe on the Asian side.