Both the Asian side and European side of Istanbul offer different options for real estate investment and living. The city has many districts and municipalities that offer different investment options with different price scales.
Istanbul is by far the largest city in Europe and one of the most important metropolises in the world. It is also the only city in the world to have land on two continents at the same time.
The city was home to many civilizations throughout history and was the capital city of most of them. Although it is not the capital of Turkey today, Istanbul is considered the cultural capital of the country.
Istanbul attracts visitors and ex-pats from all over the world for a lot of reasons. Thanks to its scenic beauty and historical places, the volume of tourism in the city is quite high. Besides, Turkish cuisine, modern tourist facilities, and accessibility play an important role in the high tourism volume in Istanbul.
People from all over the world prefer relocating to Istanbul for different reasons. International retirees, students, and families prefer the city as it offers many facilities and conveniences. Modern educational institutions, low cost of living, and advanced healthcare services is some of the most important reasons.
It is not surprising that buyers, especially foreigners, are confused when choosing among locations in Istanbul as it is the biggest city in Turkey. So, let’s have a close look at both sides and what they offer.
Real Estate Investment in European Istanbul or Asian Istanbul. Which is Better?
Real estate investment in Istanbul is quite profitable no matter which side of the city you invest in. Therefore, it would not be correct to say that one of the two sides is the best area for property investment in Istanbul.
A better approach may be to learn the differences between the two sides and choose the one that suits your needs. Property investment in the Asian and European sides of Istanbul is always profitable, as it is a megacity that receives immigration and the demand for real estate is constantly increasing.
It is widely accepted that Istanbul is one of the best places to invest in real estate in the world. However, before you buy investment property in Istanbul, you should make a detailed examination of the region. Both sides have different characteristics in terms of population, population characteristics, facilities, lifestyles, and socio-economic development.
The population density on the European side is higher than on the Asian side. There is also more business activity on the European side. Most of the business towers and skyscrapers in Istanbul are here. In other words, the European side is the center of business and trade in the city.
On the other hand, the Asian side is more of a residential area with more greenery, lower density population, wider streets, and other daily life amenities. While there is less greenery on the European side, there are many parks, groves, and forests on the Asian side that offer a better living environment. Since most Istanbulites prefer to live on the Asian side, they go to the European side for business every day.
Although megacity facilities can be found on both sides, they are more common on the European side. Entertainment venues, nightclubs, theaters, exhibitions, festivals, and concerts are more common here.
Which Location is Better to Buy a Property in Istanbul? Asian Side or European Side?
If you want to invest in Istanbul real estate, it can be a good start to determine your purpose for buying real estate. Because Istanbul's real estate investment options are very different. Each region offers different real estate options at different price ranges.
As we have mentioned before, business activities mostly take place on the European side. Therefore, if you want to invest in commercial real estate, property for sale on Istanbul’s European side may be a better option. However, if you want to buy a house, property for sale on Istanbul’s Asian side may be more suitable for your needs.
If you are looking to buy Istanbul property investment for resale, it may be more advantageous to check for newly built real estate or off-plan projects rather than focusing on either side of the city. There are many prestigious projects on both sides. These projects are promising for both resale and buy-to-let investment.
Buy-to-let real estate investment is profitable in all locations of Istanbul. Istanbul's property market offers different real estate options at different prices. However, all real estate in Istanbul provides a good rental income in direct proportion to their sales values. The demand for a rental property in such a big city never ends. So, Istanbul investment property is always profitable.
To sum up, real estate in Istanbul for investment is profitable all around the city. Annual value increase and the rental price increase are better than in most cities in the world. This means the return-on-investment rates are better than most world cities, whether you sell or rent your property. Moreover, this megacity offers different real estate investment options in different locations at different price ranges.