Beyoglu is one of the most ancient and well-known areas of Istanbul. It is located in the heart of the European side of Istanbul and on the shores of the beautiful Bosphorus of Istanbul. Beyoglu is famous for many historical and important touristic places of Istanbul such as Istiklal Street, Galata Tower, and the Golden Horn. Countless museums, touristic areas, and hotels can be found in Beyoglu. It can be argued that Beyoglu is the most important and centric touristic area of Istanbul with millions of tourists visiting this area every year. Many of the official institutions such as foreign consulates embassies are also located in Beyoglu due to the importance of the location.
Beyoglu’s location is very centric as it is only 3 kilometers away from Dolmabahce Palace, only 10 kilometers away from Levent, 7 kilometers away from Kağıthane, 14 kilometers away from Maslak area, and only 5 kilometers away from Fatih area. Beyoglu is connected with its neighbor areas with highways, bridges, and subway lines.
Beyoglu is one of the oldest districts in Istanbul and its properties are mostly old, some of them are being renewed, others were demolished so the new properties can be constructed to replace the old ones. This process is taking place slowly as time passes by as it can’t be done all at once. Nowadays some modern properties can be found in Beyoglu area alongside hotels, hospitals, and shopping malls all around the district. The most important and interesting properties are the residential and commercial complexes which are being constructed in Beyoglu, these complexes are so unique as they have green landscapes, social facilities and 24/7 security all of these facilities can be found in the heart of the city center for the first time.
Properties located in such an extremely important and centric area are very valuable and relatively smaller than the apartments that can be found in the suburbs of the city. Buying properties in Beyoglu is suitable for people who prefer to have a place within a walking distance from all of the essential areas in Istanbul. It is also suitable for investment purposes as they provide a high rental income and value appreciation.
Many different types of properties can be found in Beyoglu both residential properties and commercial properties. Most of the properties are old properties and some of them are newly constructed replacing the demolished old properties. Alongside the residential properties, many different types of commercial properties can be found as well in Beyoglu such as office, shops, and hotel apartments. Commercial units in Beyoglu are considered the most active and valuable commercial properties in the whole city.
If you decide to buy properties in Beyoglu, it is highly recommended to go for the newly constructed complexes. They provide the luxury of having a modern lifestyle in the heart of the city and they have many advantages such as social facilities, green landscapes, and 24/7 security.
Nowadays, many residential and commercial complexes are still under construction in Beyoglu, and they are offered for sale as off-plan properties. These complexes are the most unique and valuable properties in Beyoglu with a bright future. It can be argued that such properties are totally risk-free as they are modern, stylish, high quality, and located in the heart of the city. Buying an off-plan property in Beyoglu would grant a remarkable value appreciation for the investors within a short period of time, and they allow the investors to go for installment plans instead of going for one single payment.
The range of price per square meter in Beyoglu is around 5.800 USD to 6.500 USD/m2.
Properties located in this area are considered as the most valuable properties in Istanbul due to the prime location and high quality. It is important to mention here that this price range belongs to the brand new stylish properties located in the modern complexes of Beyoglu. One of the most important factors about buying in central areas such as Beyoglu is that properties located in this district witness high demand always for renting and reselling. It can be said that properties in central and prime locations are always easier to be rented and resold, thus investing in such locations is not only a safe investment but also quite a remarkable liquid investment.
Having an exit strategy and being liquid investment are the most remarkable advantages for Beyoglu district. Investing in the suburbs has longer maturity dates and many uncertainties related to the investments. Additionally being located in the heart of the city center would save you the massive time spent in hard traffic in Istanbul.
Beyoglu is one of the most well-known and important districts of Istanbul. It is witnessing the highest demand among all other districts of Istanbul. It is important though when investing in Beyoglu to avoid committing for an old property, as most of the old properties in this area will be demolished and rebuilt to comply with the current seismic policies that being applied in Istanbul overall.
The modern stylish complexes represent the best alternatives for investing in Beyoglu, and many of them are still under construction offered for sale with starting prices. These modern complexes have also commercial properties alongside the residential ones. The available commercial properties differ between shops, offices, and hotel apartments as well.
Trustable local property advisers are the best to seek property advisement from. CCT investments have been in the Turkish reals estate markets since the law of foreign ownership was issued in Turkey in 2012. Our professional team will provide you with full legal and professional guidance through your journey of investing in Turkey. Contact us now with your preferences and we will provide you with the best alternatives for your requirements.
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