Difference Between Asian and European Istanbul, Which is Better for Housing or Investment

02/02/2024 Turkish Districts & Areas 289

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The City of Two Continents, as it is called, Istanbul is one of the most important cities in the world, with its Asian and European parts separated from each other by the Bosphorus Strait. Istanbul constitutes the link between the East and the West, occupying a prominent position that has qualified it to be a commercial and human center that is unparalleled in the world. The aspects of life and development between the two sections of Istanbul differ clearly.

There is also a difference between investment conditions in the European side and investment in the Asian side, due to the diversity of real estate investment opportunities in Istanbul and the many options for those wishing to invest in its real estate. In this article, we will learn about the most important differences between the Asian and European sections of Istanbul in terms of life, housing, and investment.

What is the difference between Asian and European Istanbul?

The European regions of Istanbul differ from the Asian regions in some matters, with the exception of the regions located on both sides of the Bosphorus, which do not have many differences. The most important points of difference:

Crowding: European Istanbul is considered the source of life and trade. It is more crowded than Asian Istanbul, which in turn is an area of calm and prosperity.
Investment: When we look at investments and development, we notice that most of them are in the European side of Istanbul, where development continues in every inch of land on the European side, while in the Asian side there are advanced urban projects for those with large incomes.
Development: Public transportation facilities are more developed on the European side. Those who live on this continent can reach their destinations, especially to the new Istanbul Airport. In terms of construction, modern towers and buildings are present in both sections, but they are more sophisticated in the European ones.
Housing: Housing on the European side is considered better for those whose businesses are located on the European side to avoid congestion and traffic problems.

Advantages of the European side of Istanbul:

The European side of Istanbul is considered one of the most important areas in Turkey , as it does not differ from the atmosphere and advantages of living in Europe and has many advantages in terms of housing or real estate investment, the most important of which are:

The period of capital turnover through investment is considered short in the areas of Beylikduzu , Kucukcekmece, Esenyurt and other areas, as it does not exceed 25 years, with the exception of the areas overlooking the Bosphorus Strait, which have high prices and are distinguished by their sophistication.
The areas of the European section enjoy vitality and a promising future, especially as they embrace many tourism and development projects, such as the Istanbul Canal project , one of the most important projects in the world, as well as luxury residential projects that are built in a modern style. It is a suitable section for investment.
The European section is characterized by industrial and commercial activity. It is easy to find a job or business, in addition to being a tourist area that attracts millions of tourists annually.

Features of the Asian side of Istanbul:

It is no less important than European Istanbul. Its most important features:

The Asian side is characterized by the cheapness of living compared to the European side, as well as the reasonable prices of apartments in Istanbul, Asia, and its housing rents.
It is distinguished by its wonderful organization, beautiful construction, and planning of its roads , and easy access to work, unlike the European section, whose residents often suffer from difficulty in reaching work places.
This side enjoys relative peace and quiet compared to the European side. It also enjoys a charming green natural atmosphere and contains historical tourist attractions.

Area of Asian and European Istanbul:

The area of European Istanbul is larger than the Asian one, at 3,562.7 km², while the area of Asian Istanbul is 1,915 km², which has large areas relative to the number of its districts.

How far is European Istanbul from Asian?

European and Asian Istanbul are connected by three suspension bridges, which are the July 15 Martyrs Bridge , the Fatih Sultan Mehmet Bridge, and the Yavuz Sultan Selim Bridge on the Bosphorus Strait, which is the narrowest corridor through which international maritime transport is possible. These bridges not only connect the two sides of Istanbul, but they form a crossing point between the European continent and the Asian continent as well. The distance between the European and Asian sides is 37 kilometers, and the time between them is 38 minutes.

Summary of the article :

There are many features and attractions in the city of two continents, with its European and Asian parts, which are separated from each other by the historic Bosphorus Strait, making the options for investors wishing to invest in real estate in Istanbul many and varied. Calmness, noise, luxury and simplicity are all found in Istanbul, the beating heart of Türkiye.

References: onedio.com