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Istanbul Area Guide

Istanbul area guide - Oceanwide Properties

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Istanbul is unique. Known as the bridge between Asia and Europe, it is the only city in the world split by two continents. It is hardly surprising then that for centuries Istanbul has been fought over due to its location and trade links. 

Since well before the Ottoman Empire and days of the Silk Road, Istanbul has been a city of intrigue, with an exciting and quickening pulse of its own. It is a city of history, its original borders said to be marked by seven imperial mosques built on seven surrounding hills. Its interior is a warren of fascinating suburbs, each with a story and history of its own, filled with famous palaces, shops, restaurants and bazaars. 
 
Istanbul’s streets are lively and cosmopolitan with a young vibrant feel, a growing population and expanding foreign community spirit. 
 
Although Ankara is officially Turkey’s capital since the 1923 republic reforms, Istanbul (formally Constantinople) was the old capital of the Ottoman, Roman and Byzantine Empires and remains the largest and most well-known city in Turkey. It is Europe’s third largest metropolitan area covering 5712kmsq and is expanding daily. 
 
Now recognised as a global investment hotspot, Istanbul’s potential is widely publicised. With the Turkish government revising laws and policies to welcome foreign business and investment capital, recent years have turned Turkey and Istanbul into a viable option for all those looking to escape European economic downturns and focus on new and emerging markets and economies.  
 

Istanbul for Property Investment

 
The last 10 years have seen many reforms and policy changes in Turkey leaving it today a country attracting much attention. The ever growing economy, housing shortages and 2012 eases in laws allowing more foreigners to invest in property in Turkey, have led to Istanbul and popular coastal areas hitting the front of the business press. 

Hagia Sophia Mosque - Istanbul

Oceanwide Properties has ploughed time and energy into researching Istanbul investment opportunities. We employ specialist local consultants and ensure each project we represent undergoes a strict due diligence. 
 
With so many developments on offer in Istanbul, it can seem like a minefield to those that are unfamiliar with the area. As with any location, there are the good and bad areas, and developers can vary considerably in quality. For this reason we have opted to showcase only a handful of projects in the most vibrant and up and coming districts between Beylikduzu, Esenyurt and Sefakoy – all tipped heavily to be the trendy suburbs of the future.
 
We have hand-picked projects covering a broad price range, and with each description we aim to demonstrate the development’s investment potential. 
 

Istanbul Investment Facts

   
 
The Wall Street Journal voted Turkey an international 'buy to let hotspot' for 2012 investment.
 
GYODER suggests there is an estimated 500,000 residential and commercial properties brought by foreigners each year in Turkey and Istanbul
 
Istanbul long term buy to let properties typically attract between an eight and 10 per cent annual return (GYODER)
 
Areas such as Beylikduzu in Istanbul have proved to offer investors outstanding capital gains, sometimes as much as 30 per cent in just 18 months from off-plan to completion 
 
Turkey continues to evade the economic crunch with the value of residential properties in Turkey rising by over 10 per cent in many coastal areas and Istanbul since January 2012 (GYODER)
 
Istanbul is the most popular area for multiple buy to let property investment in Turkey (Turkish Land Registry)
 
Turkey retains its top 10 ranking by the UN World Tourism Organisation. Despite global economic difficulties, tourism figures for Turkey have continued to rise year on year. 2011 saw over 31 million foreign visitors visit Turkish shores producing an income of over $17.9 billion –  that’s a 10 per cent increase on the previous year!
 
Recent changes to reciprocity laws have made it possible for residents of the UAE, Saudi and Kuwait to now easily purchase property in Turkey. As a result, Turkey has received a significant increase in Arabs buying investment property in Istanbul and coastal areas therefore pushing up the value of property in Turkey.
 

 

 

 

 

 

 

 

 
 
 
 
 
 


 
 
 

Istanbul Population

The Bosphoros, Istanbul - Oceanwide Properties
 
Istanbul is one of the world’s largest cities with a population of over 14 million people. A city divided into districts, its current well publicised housing shortages have catapulted Istanbul to be tipped heavily by investors in the know. Savvy property buyers are turning to Istanbul in order to make the most of Turkey’s rapidly growing economy and benefit from the many affordable buy to let property opportunities in its emerging suburbs. 
 

Istanbul Climate

 
The summers in Istanbul are normally dry and hot between June and September, with long sunny days and warm and pleasant evenings. Winters tend to be mild and wet with the majority of rains falling from late December through to February.
 

Istanbul Transport

 
Airports: There are two main international airports in Istanbul both operating regular year round flights to Europe and other foreign destinations. The largest is Ataturk (IST) on the European side, the second is Sabiha Gokcen (SAW) on the Asian side. Both airports are serviced regularly by public and private transport from the city centre.
 
Sea: Regular commuter ferries and boats sail various private and commercial routes around Istanbul. Many locals use sea transport on a daily basis to get to and from work.
 
Sea Catamaran: Sea buses and catamarans run regular services around the Bosphorus and Sea of Marmara, especially at rush hour 

Roads: The roads and infrastructure around Istanbul is well developed and mostly modern. There are two main circular express highways surrounding the city and 2 main motorways, the State Road D100 and European Route E80. The Fatih Sultan Mehmet Bridge and Bosphorus Bridge are the two main connections between the Asian and European side and the older interior roads are signposted in most areas and relatively easily navigated via sat-nav devices and maps.
 
Metro/Underground Rail (Finikuler): There are two underground metro lines in Istanbul and these are expanding rapidly to incorporate the new and developing suburbs. Currently the larger European side is serviced by 16 stations and runs regular services. The most popular routes are between the central districts of Taksim Square in Beyoglu, to Kabatas.
 
Public Buses: The public bus system is a popular mode of transport and runs long and short trips throughout the city and suburbs at reasonable prices, a locals favourite.
 
Istanbul Trams: There are two tram routes in Istanbul. Kabatas-Bagcilar runs regulaly from Sultan Ahmet Square to the Buyuk Otogar (main bus terminal), the traditional Istiklal Caddesi tram is older and used less often but has historical value and is popular with tourists
 
Taxis: You will spot yellow registered taxis throughout Istanbul. They take people throughout the city on long and short journeys and are generally metered and a reasonable price. 
 

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