The Property Market of Istanbul – A General Overview
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Istanbul, formerly known as Constantinople or Kustantinyye in Turkish, is a city of forgotten streets and bazars. With its history dating back to almost 650BC, the settlement that was first founded as Byzantion in Greek, continued to expand and contract owing to numerous waves of peoples who came and settled down here.
With occupying a strategic position between Asia and Europe (being in fact the gateway to Europe), Istanbul served as the seat of power for the Byzantines and later for the Ottoman sultanate. Throughout its entire history, the city was characterized by its multicultural norms and traditions that are still witnessed by anyone who comes across it during his/her visit to the city. Istanbul indeed is Turkish to its core but exhibits some of the most ancient traditions and norms brought later by migrants during its Islamic period.
The city also boasts off some of the best placed financial districts in the whole of Eurasian region. Attracting thousands every day and night from the Middle East, Balkans and the rest of Europe, Istanbul is in every way a multicultural metropolis. The eastern edge houses some of the most beautiful monuments of the city’s ancient and medieval past while the western edge is the face of modern day Istanbul with the district of Levent being an exclusive financial and office region. Tall, modern and glittering clean skyscrapers line up Levant’s skyline that will amaze anybody visiting the city.
In addition, the city, due to its robust economy and ever expanding aspirations of its people, also houses some of the best Istanbul properties one can ever buy. And if that isn’t enough then simply enjoy the view of the Bosphorus as the blue waves stretch across the shoreline. Residential apartments, studios, offices, commercial centers or even establishing malls and entertainment centers, you guess and Istanbul already has land to invest in! Commercial centers at Esenyurt serve as the best place to open up your own display center. Or move on to Beylikduzu to have hotel apartments complete with five-star quality furniture and electronic furnishings to have them rented out, for a very reasonable price of $460 for a four-bedroom apartment. These apartments have also green areas, childhoods, Turkish bath, sauna and lots of social activities.
In Istanbul, a lot of professional financial analysts and investment experts work, ready to guide and give full advice to anyone seeking to invest in real estate of Istanbul.
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