Istanbul has been inhabited by humans for thousands of years and has been considered ever since as a beautiful place to live in. Istanbul has always been welcoming newcomers and currently it is the official home for more than fifteen million people. Residential properties are spreading all around the 39 districts of Istanbul and in all shapes and types of properties. The high density of people living in the city reflected on the properties making them relatively smaller especially in the city center districts like “Şişli, Beyoğlu, Fatih, Üsküdar, and Kadıköy”, and made traffic jams a daily routine in the city which raised the importance of public transportation. Properties on the two sides of the Bosporus Strait has the most beautiful views and the highest prices. Residential Complexes are the most common among the new real estate developments and the more preferred by the people.
Istanbul city has 39 districts each of which has its own features and advantages, some have a central location, some have more beautiful nature views, and some are well covered with public transportation, while others are more luxurious. Depending on the property type, location, view, quality of the finishings, and being close to transportation prices can vary between fair and very high. The price of one square meter might scale between 500$ in the suburbs to thousands of US dollars in the modern and central districts.
The big and historical city of Istanbul had almost all types of properties over the days. Istanbul of today has lots of apartments, villas, and penthouses as modern types of residential properties, while it still has some old types of properties like single country houses, shore houses, or castles. Modern residential properties are coming in single building type, compound or complex, or tower type of buildings.
Apartment or flat is the most common type of housing in Istanbul and it’s available in all parts or districts of the city. Apartments might be in single buildings, compounds, or complexes. While normal single buildings were the main option for decades, the complex type of housing is the current trend in Istanbul especially in the newly developed areas. The complexes are providing a complete lifestyle rather than only a place to stay in. All of the new complexes in Istanbul are providing minimum services of Security (which include 24/7 guarding, gates, and CCTV cameras), cleaning and maintenance service (which include the buildings and the shared facilities and landscape), and covered car parking. Complexes are providing also additional facilities like fitness centers, swimming pools, sports courts, children playgrounds, sauna, Turkish hammam, and more. Based on the location and size of the complex the included services might vary from one complex to another. People of the big city are preferring this type more because it provides a safe place for their families and saves them time, money, and effort by providing shared services and facilities. While it’s rare to find a residential complex in the old city center districts, it’s more common in the outer circles of the city and in the new suburbs where complexes have thousands of square meters in area, more count of buildings, bigger landscapes, larger and better facilities. Apartment’s smallest size is studio size or 0+1 where 0 refers to rooms count and 1 refers to the saloon or hall count. The most common size is the 1+1 size of apartments (one-bedroom and one saloon), this size is the most demanded because it fulfills the basic needs of the city inhabitants with the minimum cost. Bigger sizes of apartments are available more in the middle and outer circles of the city where big families can have three, four, five, six, or more rooms’ apartments.
Villas or houses have always been the most private and luxurious type of residence. Having enough space and a natural view are the main characteristics of villas, and that’s why they can’t be built anywhere. However, in Istanbul, we can find wonderful villas or houses almost anywhere in the city except in the city center. Apart from villas and houses on the sides of the Bosporus, bigger villas with sea or nature views are available more in Beylikduzu, Buyukcekmece, Zakeriyekoy, Beykoz, Cekmekoy, and Kartal districts. The trend of compounds or complexes has also been dragged to villas and there have been many compounds of only villas or a mix of villas and apartments where the residents can benefit from features of both the villa and complex.
Penthouses, lofts, or duplex apartments are the modern type of luxury properties. They are available more in the modern complexes or towers and sometimes in the renovated single buildings. Most of the new complexes would have the option of a duplex apartment either on the lower floors (basement or ground floor) or on the top floors or in both. Lofts or penthouses are found also on the top floors of the modern skyscrapers and towers where residents can have a wonderful view of the city.
Every one of us would have his own requirements and preferences for his targeted apartment or house which will be crucial in finalizing the decision of buying. However, as a community, it seems that people of Istanbul prefer properties that are:
The price of any residential property is highly affected by these features, and by combining this with your own preferences you can get the best and most profitable residential apartment for you.
The real estate market in Istanbul is very big and as variant as the districts of the city. Scanning the whole market is rather a difficult task for a local person, and it’s almost impossible for a foreign investor. CCT Investments is an expert company in the Turkish real estate market with many years of experience and tens of successful relationships with clients. Having a local expert like CCT Investments by your side during the search for the right property would save you precious time and efforts and get you closer to your target in a short time. CCT Investments targets