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Exploring The Rising Real Estate Market in Basaksehir

Basaksehir is one of the 39 districts of Istanbul, Turkey’s best known city. It is a rising real estate district attracting the attention of both Turkish and international investors. It is located on the European side of the city and borders the districts of Kucukcekmece. Also it borders the districts of Arnavutkoy, Eyup, Sultangazi, Esenler, Esenyurt and Avcilar.

 

Rising Real Estate Market: Buying a House in Basaksehir

You can find properties in Basaksehir with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property, Basaksehir has a wide variety of real estate options.  There are well-known health, education and community faculties, together with outstanding smart city planning and new technologies.

 

One Of The Largest Organized Industrial Zones

Basaksehir, one of the suburban districts of Istanbul, has a wide age range in terms of population, mostly young people. The entire population of this district is expected to reach 800,000 by the end of 2019. It is known to have one of the largest and best organized industrial zones in Turkey, providing employment for at least 300.000 people.

 

Transportation in Basaksehir

Basaksehir is close to many national and international companies, institutions, and techno parks in and around Istanbul. With improved public transport such as the new metro system and well-planned bus routes.

 

Shopping Malls and Natural Life Parks

Basaksehir is home to several shopping malls where you can shop, eat and generally have fun and spend time with your family, including Mall of Istanbul, which is the most well-known shopping mall in the region, and offers a variety of shopping and leisure outlets . There is also a natural life park where you can spend time with your family, allowing you to enjoy a combination of modern city life and amazing nature.

If you are interesting in learning more or need advice, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

Property Map

Location is very important when you are searching for a good property in Istanbul. The city has 39 district in its border, because of that finding a good property, whether for investment or living, can be challenging. It is important to decide which district of Istanbul you want to own an investment or a house before you start looking for property.

We know and understand the importance of the district decision for an investment. For that reason we have a page which you can find all properties with their district information. Besides, we prepared a property map for you. In this map you can find properties in Basaksehir, and also you can see other properties which is near Basaksehir. Other then that you can find the most important districts, such as Beylikdüzü, Esenyurt, Bomonti and Taksim in this map.

 

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Istanbul New Airport, the largest airport in the world.

Istanbul New Airport, the largest airport in the world.

Istanbul New Airport opened its doors officially on October 29, 2018 and is the biggest infrastructure investment that has been ever made in Turkey. It will be the main airport of Istanbul by April, 2019. The new airport is expected to be one of the largest airports in the world with an annual capacity of 200 million passengers and will require two terminals, operating flights from Istanbul to more than 350 destinations. Holding this great capacity will result to connecting Istanbul even more to the rest of the world enabling the Tourism sector to grow remarkably.

It is stated that the airport holds 6 independent runways, 16 taxiways and a massive parking lot. In addition to the plane parking which has the capacity to hold 500 airplanes suitable to operate any type of aircraft. The airport also includes shops, duty free areas, VIP halls, restaurants, hotels, health centers and mosques. The airport’s Terminal 1 will provide a large space for passengers to move freely and will have an arched ceiling providing natural sunlight with a subtle geometric design. The new airport will also cover all the facilities to ensure the safety and comfort of the passengers, branding Turkey as one of the most developed countries of the world. 

The new airport will offer jobs to more than 225.000 people by 2025 providing income with a value of 4.5 Billion USD to several Turkish house holds and having a share approximately 4.5% in GNP. These numbers alone show how efficient and beneficial the existence of this airport can be to Istanbul and the rest of the country.

With the opening of the new airport, Istanbul will take a greater part in the aviation sector since it has been known to connect the East and West for years. This airport will be a driving power to improve the Turkish economy, bringing new investments and business to the country.  Turkey’s position will be consolidated as a new center and a link connecting the world and driving foreign projects to the region. 

Istanbul New Airport will be a key factor to the growth of tourism and the improvement of the Real Estate market in Istanbul bringing new projects to the table. Statistics prove that the first months of 2019 have shown an increase in Istanbul property sale by 87% compared to that same period last year. It is also estimated that this growth will keep rising year after year.

Ever since the airport opened its doors to foreign visitors, foreign investors started showing interest in purchasing lands around the area of the airport. The airport location is in the northwest of the city in the district of Arnavutkoy in the European side of Istanbul. New projects and residential units were built in that area and foreign investments were generated mainly by Arab businessmen from Saudi Arabia, Qatar, Kuwait and Lebanon. 

Istanbul New Airport’s location will be transformed into an attraction center. New shopping centers, residential units and hospitals will be established and a new metro line will be constructed to facilitate transportation and eliminate traffic.

The new projects will be built on a large scale connecting new areas to the city center and allowing real estate in Istanbul to expand and grow.

Istanbul’s cultural heritage and geographical position allowed it to become a joint assembling many countries and enabling them to generate business with one another which is why many trade conferences are being held in Istanbul. Also with the remarkable third airport opening, showcasing new technologies and facilities. Foreigners are drawn to investing in Istanbul, as the new hub for business and leisure. Thus Istanbul will continue to grow as an industrial capital hosting many international summits and attracting diverse foreign investments in many sectors. 

The real estate field in Istanbul is observing an increase in properties sales hand in hand with the opening of the third airport in Istanbul. Real Estate experts confirm that Turkey has become one of the most chosen countries for investment and buying luxury homes, after the establishment of the Istanbul New Airport. The airport will rank Turkey among the top 10 global economies, which will drive many investors from the neighbor countries to consider purchasing properties in Istanbul

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2019 marks a Rapid Growth in Real Estate investments by Middle Eastern businessmen

2019 marks a Rapid Growth in Real Estate investments by Middle Eastern businessmen 

2018 was a successful year in the Real Estate sector in Turkey particularly after the new Law that was passed by the Turkish Government last September that allowed foreign investors to receive the Turkish Citizenship after purchasing properties at the value of 250.000 USD.

This year will mark another successful year in Foreign Real Estate Investment. Statistics show that the Arab community growth has reached up to 5 million people in Turkey especially in the industrial city of Istanbul. Istanbul’s multi-cultural environment and the variety of options that it offers in terms of areas and residential establishments, allow Arab investors to have several options when choosing a property for sale. This is a great advantage for Arab businessmen who can purchase flats or villas with a sea view, surrounded by green areas or in the city center according to their taste.

Turkey is one of the most stable countries in the area, economically and politically, in addition to that the similarity in values and traditions inspired foreigners from the Middle East, to purchase properties for sale in Turkey. Most Arab countries are suffering from governmental instability and low standard of living. Iranians are relocating to Istanbul to escape the immobile economy and rise in prices and cost of living in Iran. They are mainly investing in properties for sale in Istanbul because the cost of living is relatively cheaper than where they come from and the standard of living is quite high. 

Middle Eastern investors see Istanbul as the new business hub after Dubai, because of its strategic location and closeness to Europe. Istanbul is now home to many international company’s headquarters. The quality of living is high and relatively cheaper compared to Dubai and the Turkish market is less saturated and has a lot of potential to grow. In addition to that there are many beautiful destinations and touristic areas all over Turkey that foreigners can travel to and enjoy all year long. 

According to the forecasts of last year, Iraq is at the top of the list of countries who buy properties in Turkey. Iran, Saudi Arabia and Kuwait are also among the top countries who undergo property investment in Turkey along with Russia, at the third place, and the UK in the fifth place. 

Turkey especially Istanbul, represents a safe place where Middle Eastern investors can purchase properties and possibly relocate in case of any political problems faced by their countries. In Istanbul, they are guaranteed to find all the means of transportation that they may need, great accommodation, hospitality and quality of living compared to the neighbor countries. 

For this particular reason, the foreign investments in Turkey have been increasing tremendously. Every day new projects are being developed in several areas in Istanbul. Thus, Istanbul became one of the most sought after countries for foreign property sales. Arabs come to Turkey seeking to buy apartments and villas in safe residential areas where all their needs are fulfilled.

Istanbul hosted the Arab Investment Forum which was organized by Shahabuddin al-Azzazi, who claimed that the Economic openness of Turkey encouraged Arabs to invest in the Real Estate sector. The Forum’s aim was to create new partnerships between Arab and Turkish investors and to encourage the Turkish investors to explore the Arab market as well. 

Arab businessmen are benefitting from the drop of the Turkish Lira, as opposed to the US dollar, realizing how ideal it is to live and invest in Turkey.  The Lira’s drop marked an increase in Arab property investments remarkably. Arab investors who are seeking a better standard and cost of living are currently profiting from this decline. 

Property investment in Turkey especially in Istanbul is also a lucrative business.  

The fact that many investments are being held on a daily basis in Istanbul, promises a rewarding income in property rentals and the reselling of properties in the future. Istanbul holds many branch offices of international companies and several international universities therefore there is a high demand for property rentals. Many expats and students are moving to live in Istanbul which is why there is a high demand for rentals in Istanbul all year long. With that being said, 2019 will be yet again a prosperous year for Real Estate Investment in Turkey.

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