The value of the most expensive residential areas in Istanbul did not rise out of no reason , but there were convincing reasons that made the real estate demand for apartments within a certain area high due to a number of factors.
Learn about the most expensive residential areas in Istanbul through this article.
Expensive residential areas in Istanbul
What is certain is that the central areas in Istanbul are the most expensive areas in Istanbul,
As the center is the most prominent tourist and commercial region, it is the mouth of the
great merchants coming to Istanbul from around the world,
It is also a beacon of foreign tourism to Turkey, as it contains prominent historical
monuments and remarkable historical areas.
This rule takes us to a law that may be true, that the further away from the center,
the lower the value of real estate,
But without forgetting that we cannot generalize a rule without certain exceptions!
Suppose you have come across a very luxurious residential project, with a creative
exterior design and a very high quality of interior cladding,
It is illogical that this property will decrease in value just because it is not in the center,
compared to another property of poor quality that is superior only because it is in the center!
From what we mentioned above , we conclude that the factors affecting the price of the property are the area and the quality,
Take these factors without ignoring one of them.
What are the most expensive residential areas in Istanbul?
Let’s take a quick tour around the most expensive residential areas in Istanbul and what distinguishes them?
1- Maslak district in Istanbul:
It is a very upscale area in the center of Istanbul, and is considered a very important financial center
where business leaders gather to finish their business in Istanbul. It is located within the municipality of Sariyer on the Bosphorus.
2- Kadikoy district in Istanbul:
It is certainly among the most expensive areas of Istanbul due to its vital geographical location on the
Bosphorus Strait in the Asian section of Istanbul.
3- Sisli district in Istanbul:
an old district in Istanbul, and the most prominent financial center in Istanbul because it attracts the
most prominent international companies thanks to its advanced infrastructure.
It is located in the European side of Istanbul and close to the Bosphorus in Istanbul.
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