When considering the purchase of real estate, one of the crucial factors that buyers need to be aware of, after determining the location of the property, is its price. Real estate prices can vary depending on the region, location, and proximity to city centers or the coastline. Generally, properties located closer to city centers or coastal areas tend to have higher prices compared to suburbs and areas farther from the city centers.
Istanbul, both in its European and Asian parts, boasts numerous neighborhoods that can be classified as “luxury” and are home to high-value real estate. In this article, we will discuss the seven most prestigious neighborhoods in Istanbul that house some of the city’s most valuable properties. It is important to note that property prices are typically determined based on the price per square meter.
Here are the seven prestigious neighborhoods in Istanbul:
Besiktas:
Located on the European side of Istanbul, this neighborhood is known for its upscale and historic streets. Besiktas has been one of the most luxurious neighborhoods in Istanbul since ancient times, primarily due to its proximity to the Bosphorus Strait.
Sariyer:
Situated on the European side of Istanbul, Sariyer offers breathtaking views of the Bosphorus Strait. It is famous for being the meeting point of the Black Sea and the Bosphorus from the north. Sariyer is a vast and historically significant neighborhood, renowned for its beautiful hotels and the charming natural surroundings that enhance the luxury of its properties.
Bakirkoy:
Stretching along the coast of the Sea of Marmara, Bakirkoy boasts one of the most beautiful beaches in the city. It is among the coastal areas that are closest to city centers, well-connected by extensive transportation networks, and serves as a residence for affluent residents of the city.
Kadikoy:
Located on the Asian side of Istanbul, Kadikoy offers tranquility and a sense of peace. It extends along the coast of the Sea of Marmara and faces the Princes’ Islands. The neighborhood features several important tourist and historical streets, including Baghdad Street and Moda Street. Kadikoy is renowned for its Bostanci neighborhood, which includes many properties constructed to the highest international standards.
Beykoz:
Situated on the Asian side of Istanbul, Beykoz is known as the capital of villas and summer resorts for Istanbul. It is famous for its villas nestled amidst forests and the Black Sea, offering views of the Bosphorus and its connection to the second and third bridges that link the Asian and European sides of the city. Beykoz encompasses many magnificent properties and luxury villas. Moreover, it gained popularity due to the Turkish series “Resurrection: Ertugrul,” as many scenes were filmed in the forests of Beykoz.
Beyoglu:
As the first center of Istanbul, Beyoglu is located on the European side of the city and includes many historical and tourist districts, particularly Taksim and Istiklal Street. It has gained international fame and attracts tourists from all over the world, resulting in significantly higher property prices.
Sisli:
Serving as Istanbul’s commercial center, Sisli houses major companies and international hotels, along with numerous consulates for various countries, international organizations, and Turkish institutions. It is known for its towers and charming views of the Bosphorus and Belgrade Forest. Sisli encompasses several upscale neighborhoods, including Nisantasi, Levent, Macka, and Bomonti, in addition to the vast Macka Park and its entertainment facilities such as the cable car and more.
All of these seven neighborhoods share common characteristics, including:
- Located in or near the center of Istanbul.
- Easy access to transportation and convenient mobility.
- Presence of modern shopping and entertainment centers.
- Significant attention from the government.
- Well-organized streets and infrastructure.
- Abundance of recreational services.
Average price per square meter:
- Besiktas: 11,000 Turkish liras.
- Sariyer: 9,600 Turkish liras.
- Bakirkoy: 8,700 Turkish liras.
- Kadikoy: 7,500 Turkish liras.
- Beykoz: 7,200 Turkish liras.
- Beyoglu: 5,600 Turkish liras.
- Sisli: 5,500 Turkish liras.
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