Başakşehir A Prime Location for Real Estate Investment in Istanbul

Başakşehir: A Prime Location for Real Estate Investment in Istanbul

Overview

Başakşehir is located in the European section of Istanbul, known for its modern architecture and developed infrastructure. This has significantly attracted local and foreign investors, especially from the Arab community.

Area and Population

Başakşehir spans an area of about 104 km2 and had an estimated population of around 427,835 in 2018. It is bordered by Arnavutköy to the north, Esenler to the east, Bağcılar to the south, and Esenyurt to the west.

Establishment

The municipality of Başakşehir was established in 2008, after being separated from Küçükçekmece municipality. This was done to focus efforts on its development, given its unique location in the center of Istanbul.

Real Estate in Başakşehir

Başakşehir is one of the upscale areas located on the European side of Istanbul. What distinguishes Başakşehir from other areas is its central location in Istanbul, making it close to many important neighborhoods on both the European and Asian sides.

Natural Features

The northern part of Başakşehir is covered with a green layer of forests, while its other sides are distributed with plains and vast green spaces. There is also the Sular Valley Park, which extends over a large area of the city, and Başakşehir Lake; an artificial lake with an area of about 26,000 square meters, surrounded by many restaurants and cafes.

Apartment Prices in Başakşehir

Apartment prices in Başakşehir have seen a significant boom in recent years. Since 2014, prices have risen by approximately 40%, with the average home price reaching about 456,170 lira this year. The price per square meter varies between 5,420-1,755 lira, and this variation is due to the nature of the neighborhood, the size of the house, its interior decoration, and other factors that play a significant role in the price difference between one apartment and another. Therefore, anyone looking for cheap apartments in Başakşehir, Istanbul can find what they are looking for.

Real Estate Investment in Başakşehir

Buying real estate in Başakşehir is an excellent opportunity for those who want to speculate or benefit from it by renting it. According to the Endeksa website, the annual capital gains reached about 6%, while the return on investment rate exceeded 25%.

For those who want to live in high luxury, Başakşehir contains many residential complexes that include luxurious detached and independent villas surrounded by upscale social facilities at reasonable prices. The average price of a villa is approximately 1,500,324 lira.

What distinguishes the projects in Başakşehir is that they offer facilities for those wishing to buy, by providing apartments for sale in Başakşehir in installments, thus encouraging investors and pushing them towards it.

Public Facilities in Başakşehir

Public facilities in Başakşehir have received great attention from the municipality. It has opened new roads and prepared buildable places and provided them with main facilities such as schools, health and cultural centers, in addition to parks and public gardens. This has pushed local and foreign investors, especially the Arab community, to prefer it over other neighborhoods.

One of the most important projects carried out by the Başakşehir municipality is the large central square, which is located in the heart of Başakşehir. It has a very large area of about 60,000 m2, double the area of the famous Taksim Square, and is surrounded by many restaurants, cafes, gardens, and car parks.

Başakşehir is famous for its huge botanical park, known as Botanik Park, which is the largest park in all of Europe. Its area is about 388,000 m2, and it is considered one of the most beautiful areas and most suitable for family outings, away from the noise of the city.

As for other facilities, there are many cultural facilities available throughout Başakşehir, the most famous of which is the Başakşehir Culture and Arts Center, which offers several different cultural and artistic activities, such as conferences, exhibitions, and musical concerts, not to mention theaters, the most famous of which is the Muhsin Ertuğrul Theater.

In addition, there are two stadiums in Başakşehir, Atatürk Olympic and Başakşehir, where important local and international sports matches are held. In addition to the presence of several sports centers spread throughout the city, the most important of which are, the Başakşehir Fitness Center, and the Başakşehir Sports Park, which offers regular sports programs.

 

 

Public Transportation in Başakşehir

Başakşehir is conveniently located near public transportation, including public buses and the metro system. In 2013, the M3 metro line was opened, connecting Başakşehir with the Asian side via the Kartal area. Additionally, a new metro will be opened that connects the city of Başakşehir with several important areas, such as Mahmutbey, Bahçeşehir, and Esenyurt.

Medical Centers in Başakşehir

Başakşehir is home to a large government hospital with a qualified medical staff that provides free medical services. There is also the City Hospital project, which is being built in partnership with the public and private sectors and initiated by the Ministry of Health. It is the third largest investment project in Turkey, with an area of 790,000 m2, providing medical services to more than 23,600 patients per day, and has more than 2,700 beds.

Universities and Schools in Başakşehir

Several prestigious universities are located near Başakşehir, including Ibn Haldun University and Sabahattin Zaim University. These universities offer various academic specializations and follow international curricula in several world languages.

Shopping Centers in Başakşehir

Due to the presence of many residential complexes and apartments in Başakşehir, it is teeming with many upscale shopping centers. These centers meet the daily needs of residents, from food and clothing to electrical and electronic devices, which belong to the most important global and local brands. In addition to restaurants with local and international cuisine, cinema, and entertainment places for children.

Real Estate for Sale in Başakşehir, Istanbul

All these features that characterize Başakşehir make real estate investment in Istanbul in general, and Başakşehir in particular, a unique opportunity that must be exploited. The region is distinguished and has a promising future, whether you want to live in it with your family and enjoy the luxury of life in it, or invest in it by renting it to get monthly returns, or speculate in it in pursuit of lucrative capital profits.

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