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New Upscale Real Estate Areas in Istanbul

Over the past five years, luxury property locations have been changed by the urbanization of Istanbul and the allocation of new areas for reconstruction...

New Upscale Real Estate Areas in Istanbul
2016-05-03 Last update 2020-02-21

New Upscale Real Estate Areas in Istanbul

In the past, it was said that the first luxury property was to be considered from the areas of Istanbul, like Etiler, Bebek, Ulus, İtinya, Tabya, Yeniköy, But over the past five years, luxury property locations have been changed by the urbanization of Istanbul and the allocation of new areas for reconstruction. On the Asian side of Istanbul, luxury real estate projects are spreading such as the towers “Residence" in the areas of Kartal, Fikirtepe, Bağdat Çadesi, and Umraniye, while High-end villa projects spread in Uskudar, Beykoz, and Çengelköy. On the European side of Istanbul, we notice that the upscale areas real estate projects have increased significantly, such as Maslak, Ayazağa, Topkapı, Merter, Ataköy, Başakşehir, As well as the sea views projects in Bakıköy and Zeytınburnu, While other villa projects can be found in Zekeriyaköy, Yakuplu and Büyükçekmece, where ever-increasing real estate projects are found, So that it has become one of the most important areas of high income, And it is turning its high-end villas projects around Lake of Büyükçekmece into the largest villas city.

Quality is Competing Europe: The increasing competition between the construction companies has made them cooperate with the world's most famous architects and brands to create creativity and difference in their real estate projects, starting from social promotion centers through interior decoration and materials used in construction to the natural  surroundings of gardens and green spaces, And other things that construction companies are trying to create in order to attract the largest number of investors to housing in their projects, Where these high-end projects compete with their counterparts in Europe and the world in terms of quality and price, Compared with their counterparts outside Turkey they are very cheap in terms of prices.

In big cities like Istanbul, such as Moscow, Hong Kong, and Singapore, the per square meter price of top-class A + property is about $ 40-50,000, Prices in Istanbul properties start from $ 4,000 to $ 20,000 per square meter in similar projects, and experts expect prices to rise significantly in the future.


Edit: Imtilak Real Estate ©

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