Etiler is one of the fanciest and oldest areas of Istanbul. It is located in the middle and northern part of the European side of Istanbul and relatively close to the shores of the Bosphorus. What is so special about this area is that it is located in heart of the city center. It is so luxury and fancy, and it is not crowded as most of the central areas of Istanbul. Properties in this area are considered as the most valuable properties in the city. It can be argued though that most of the properties in Etiler are relatively old and it is really hard to find brand new properties in this area.
Etiler’s location is very unique as it is 15 kilometers away from Taksim, only 3 kilometers away from Levent, 7 kilometers away from Maslak. It is only 3 kilometers away from the second bridge of Istanbul (Fatih Mehmet Koprusu) which links the European and Asian sides of the city together through one of the most important autobahns of Istanbul, the (Tem) or (E80) crossing the city from the Asian side reaching Istanbul’s new airport. This makes Etiler only 10 minutes away from the Asian side of Istanbul. Subway stations have already reached to Etiler also as an extension from Levent area. Overall it can be said that Etiler has the perfect location for private and public transportations at the same time.
Etiler is an area where the oldest residential compounds can be found, the concept of the residential and commercial complexes initially started in Etiler. With large green landscapes, social facilities and 24/7 security, properties in Etiler became the most unique properties in the city before this concept started to spread all around Istanbul. However almost all of the properties located in this area are quite old, they are older than 25 years, and most of these properties will be demolished and rebuilt in the future sooner or later to comply with anti-earthquakes criteria for the new construction in Istanbul.
Nowadays, the best alternatives for compounds for Etiler can be found in Sisli area. The brand new stylish complexes located in Sisli have proved to be the best alternatives for Etiler’s unique complexes providing a modern lifestyle in an area similar to Etiler. Sisli’s residential complexes have an additional advantage which is the Bosphorus view that can’t be found for Etiler, keeping into account their strategic location, the high quality of the construction, and the beautiful view of the Bosphorus, Sisli’s residential complexes became even a better alternative than Etiler.
Etiler has too many types of properties, residential and commercial. Some of them are ordinary apartments others are located in residential compounds. Considering Etiler is an old area, most of its properties are quite old, whether they are ordinary properties or located in compounds.
Around 30 years ago properties in Etiler represented a stylish and high quality of construction but nowadays these properties are considered to be quite old. The land kept its value for sure but the construction became old in comparison with the stylish modern properties that can be found in different areas of Istanbul.
Buying properties in Etiler might seem impressive for now, but it is not a good decision for the very near future, unless you are buying in a project which is under construction or recently delivered in Etiler you will end up freezing a capital until a new construction will be done in this area. Committing for an old property has too many disadvantages and uncertainties for the future of this investment, even if you wait until a new construction will be replacing the old property, you will be uncertain about the type size and view of your new apartment.
The range of price per square meter in Etiler is around 5.500 USD to 7.500 USD/m2.
It can be argued that this area is worth such a price range, but the age of these properties and the uncertainty of their future is questionable. It is well known that the value of the construction equals up to 50% of the land’s value, so buying properties with an estimated age of 10 more years maximum wouldn’t be considered worth paying such a price for the long run. Especially, when you can buy brand new properties in the nearby areas with the same price range.
Etiler is a central district. You can think prices in this area already reached their peak they will gain value appreciation as time passes by, but it can’t be compared to the value appreciation gained in the developing areas of Istanbul.
Having a good deal when buying a property in Etiler is conditional to the age and the quality of a certain property. It can’t be said that this area is very unique, fancy and central but buying in an old property is a big commitment with plenty of risks and uncertainties. It is well known that when investing in real estate, the future of a certain area is the first factor to keep into account in the first place.
Checking brand new apartments in the nearby areas would be the most important and rational thing to be done when you decide to buy properties in Etiler, especially that the prices for the newly constructed properties in the neighbor areas are more or less the same.
Checking a trustable property adviser would be very useful when deciding to buy property in Etiler. For us in CCT investments; transparency, true advisement, and client satisfaction are the fundamental pillars for our success. Contact us now with your requirement and our professional team will provide you with the most suitable alternatives for your preferences.