Properties for Sale in Beyoğlu Istanbul

The Beyoğlu district is located in the European side of Istanbul on the shore of the Bosphorus Strait, one of the greatest waterways in the world. It is overlooked from the north by the Sisli and Kaytehane districts, from the east, south and west by the Bosphorus Strait, and from the north-east by the Besiktas district.

Beyoğlu is a coastal area known for its beauty and antiquity, and for the beautiful design of its magnificent buildings on the Bosphorus coast. This area quickly gained real estate value, until it became one of the most important areas of Istanbul that sells real estate to foreigners for the purpose of investment.

Buying a property in Beyoglu area:

Beyoğlu is considered one of the best areas of Istanbul for real estate investment, due to its distinguished location, the quality of its construction, and its being a central point in Istanbul.

The movement of foreigners in this region is large, whether for tourism or investment, and the growth of the population is also one of the factors that turned this region into a conflict zone between construction companies, so these companies established residential complexes overlooking the coast, and many residential towers and shops.

 On the other hand, foreign investment in the real estate sector has increased through purchasing a property for the purpose of investment, benefiting from renting the property, or selling it when its price rises and reaping profits in a short period of time.

Buying a property in this area is considered one of the most important types of investment ever due to the increasing demand for real estate, and the large number of foreigners in this area has contributed to making it the most important area that sells real estate in Istanbul.

The importance of the Beyoglu region:   

The Beyoğlu area is of great importance in the real estate market in Istanbul due to several factors, the most important of which are:

• It is located in an important strategic location on the coast of the Bosphorus Strait, one of the most important waterways in the world.
• Being a central point and adjacent to the most important areas of greater Istanbul, such as Besiktas and Fatih, and facing the most important areas of the Asian section, such as Uskudar and Kadikoy.
• The highway (0-1) passes from the west of the region, which connects to the July 15 Martyrs Bridge and reaches Asian Istanbul.
• Beyoğlu area is 41 km away from the new Istanbul Airport, which is about half an hour.
• The presence of the most important tourist places in the Beyoğlu area, which attracts millions of tourists annually, such as Taksim Square and Galata Tower.
• It is 6 km away from the center of the Fatih district, which is the center of Istanbul, or about 16 minutes. And 4 minutes from  Bahcesehir University .
• The short period for recovering capital during real estate investment is 16 years on average.

Beyoğlu Properties:

The Beyoglu area is a luxurious real estate area, and is distinguished by its wonderful earthquake-resistant design, especially overlooking the Bosphorus, and its heat- and sound-insulating walls. It enjoys complete luxury through the presence of green spaces, 24-hour security guarding, surveillance cameras, reception halls, meeting rooms, and a shopping mall. Commercial, closed parking, sauna rooms, steam rooms, and a fitness hall. It is also distinguished by its proximity to government departments, hospitals, schools, universities (Bahcesehir University), and other services that increase the investor’s well-being.

Advantages of buying a property in the Beyoglu area:

By purchasing a property in this region, a foreign investor obtains advantages no less than those of local investors. The most important of which are:

• Obtaining Turkish citizenship  when purchasing any property worth $250,000.
• Obtaining a Turkish passport and the ability to travel to more than 125 countries around the world without a visa.
• Free education for the investor’s children in universities and schools.
• Health insurance for the investor and family members. There are many advantages that the investor enjoys, in addition to the laws that support and protect investors.

Real estate prices in Beyoglu area:

Beyoğlu is considered an area with high real estate prices, and the size of the apartment, its building materials, and its location play an important role in its price.

The price of a 1+1 apartment ranges between 1-2.5 million Turkish liras, the price of a 2+1 apartment ranges between 3-5 million Turkish liras, and the price of a 3+1 apartment ranges between 4-6 million Turkish liras, while the price of a 4+1 apartment does not. Less than 4 million Turkish liras.

Average real estate prices in Beyoğlu area:

Real estate prices in the Beyoğlu district increased in 2021 by 32.06% compared to the previous year, as the average square meter in some neighborhoods reached about 22 thousand Turkish liras. In 2021, according to the real estate index, the average price of an apartment with an area of ​​100 square meters was about 1.5 million Turkish liras.

Properties for sale in Beyoglu area in installments:

Who among us does not dream of owning an apartment on the Bosphorus Strait with a wonderful view or in this beautiful region that is rich in definition, far from banks that give loans with high interest, and in light of the difficult life of saving money to buy an apartment.

Damas Turk, which has been operating in the real estate sector for many years, offers offers that allow the investor to pay the property in installments. We can pay the property in installments through an initial payment and then in installments for 12 months or 24 months, and it may reach 4 years depending on the buyer’s ability, as all of these matters depend on To the agreement between the company and the buyer.

Cheap properties for sale in Beyoğlu area:

There are a variety of apartments and options in the Beyoğlu area. Not only does this area have expensive luxury properties, but it is also characterized by the presence of cheap properties, which suit the demand of the investor looking to buy apartments for sale in Istanbul .

Real estate offers for sale in Beyoglu:

Our company, Damas Turk, is distinguished by providing offers and discounts to its customers of up to 10% when purchasing any property in the Beyoglu area, in addition to following up on citizenship matters when investing $250,000, providing free consultations and advice to its customers, and other services that benefit the investor.

Tips for investors when buying a property in the Beyoğlu area:

As a real estate company, we provide the most important tips that we recommend to any investor when purchasing a property, and to pay attention to them carefully and carefully:

1- Choose the location of the property in a suitable place with a vital location that has all the service features, or you can choose it with a view of the strait with a wonderful view.

2- If you want to buy an apartment, let it be close to your workplace and close to government departments, universities, schools, hospitals, and commercial malls.

3- Study real estate prices in the area, stay away from companies that exaggerate real estate prices, and deal with a company with a good reputation, credibility and transparency.

4- Pay attention to the age of the property, is it new or used? Because the age of the property plays an important role in determining its price.

5- Check the materials used in construction. Do they conform to the specifications that were agreed upon with the company that will sell the property?

6- Read the legal matters and procedures until the property is owned in your name and the title deed (tabu) is obtained.

7- Check out the luxury services provided in the residential complex (such as car parking, swimming pools, gardens, and other services). All of these also play an important role in determining the price of the property.

Article summary:

The Beyoğlu district, located in the European side of Istanbul on the shore of the Bosphorus Strait, is considered one of the best areas of Istanbul for real estate investment, due to its distinguished location, the quality of its construction, the fact that it is a central point in Istanbul, and the short period of time in recovering capital during a real estate investment, with an average time of up to 16 years. 

References: tr.wikipedia.org

Edit: damasturk