Best areas of Istanbul to invest in real estate. Part 2

Beylikduzu is one of the most viable and fast-growing districts of Istanbul, located on the shores of the Sea of ​​Marmara in the European part of the city. Beylikduzu covers an area of ​​360 square kilometers and sits 150 meters above sea level. The elevated location provides the area with cleaner and less humid air than in the center of Istanbul. Winters here are quite mild.

The history of Beylikduzu dates back to the 7th century BC. It is believed that it was then that the Greeks settled there. Later on, the region came under the rule of Byzantium, and after that – the Ottoman Empire. The area hosted only agricultural fields and military garrisons at that time, so the population density remained low.

Today Beylikduzu is one of the few districts in Istanbul where there are no “gecekondu” – old, literally crumbling houses built without any permission. The whole of Beylikduzu is built up with beautiful new residential complexes. Real estate in this area is rather profitable for its investors, because it is constantly growing in value. One of the reasons for this growth is the popularity of both long-term and short-term rentals. Due to the convenient location of the district, rentals are in demand among both Istanbul residents and city guests.

The infrastructure of the area is well developed. There are 12 shopping centers and 5 large hospitals in Beylikduzu.

A highway which runs along the border of the district allows you to quickly get to almost any part of Istanbul. Buses and metrobuses (high speed city buses using dedicated high speed lanes) run here at short intervals. Beylikduzu is famous for its entertainment facilities and shopping malls, pharmacies and hospitals, schools and kindergartens and especially city markets where you can buy natural food.

Around 400 000 inhabitants live in Beylikduzu today. According to social reports, Beylikduzu has a high proportion of educated population – more than 40% of people who live here have higher education. This part of Istanbul is also one of the most cosmopolitan, and a significant number of foreign citizens live in Beylikduzu.

It is worth noting that European landscaping standards are extensively utilized here. According to these standards a minimum of 10 square meters of green space should be maintained per 1 person. In addition, the local municipality carries on the improvement of the Green Valley Botanical Park. Thanks to this landscaping approach, Beylikduzu looks beautiful in any season.

It should also be noted that this is a very sporty area: the newly built West Istanbul Marina, a windsurfing club and an underwater sports center are located on the coast; In addition, Beylikduzu has ice rinks, ski clubs, bike paths and an Olympic pool.

One of the main reasons why Beylikduzu still remains very attractive in terms of investments has to do with the fact that the district is experiencing infrastructural renaissance. This will automatically lead to an increase in the cost of housing. Real estate experts also expect that construction of a modern highway, the main task of which is to connect the old part of the city with the new one, will also significantly affect property prices here.

Let`s summarize the main growth drivers in the investment attractiveness of the Beylikduzu district:

  1. actively developing transport infrastructure;
  2. sufficiently educated and cosmopolitan population;
  3. proximity to the coast of the Sea of ​​Marmara;
  4. 5 universities are located on the territory of the district;
  5. own marina for yachts and boats, sea port;
  6. absence of chaotic buildings and dwellings constructed without permission;
  7. developed social and cultural infrastructure.

To receive additional information regarding real estate investment opportunities in Beylikduzu area, please contact Coobrick Real Estate consultants. We will be happy to answer all your questions.

 

 

By Zainudin Makhachev

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