Sisli Real Estate
Sisli is one of the most central locations in Istanbul. It is near to Istanbul Bosphorus and neighbors to the Besiktas, Beyoglu and Kagithane areas. It is possible to reach Taksim Square, Besiktas Center and Levent areas from Sisli by 10 minutes driving or metro ride. Sisli has attraction points such as Nisantasi, Mecidiyekoy and Esentepe. Sisli has always been one of the most popular locations for property investment and living. Especially for the last years, new and luxury real estate projects have been built in Sisli and increased the value of Sisli real estates. Sisli real estate investments have a high rental capability and price appreciations. ...
Facts About Sisli
Sisli is a very small area with 10,62km2 land area and 315,000 of population. Sisli has 25 neighborhoods in it. Since Sisli is one of the intersection points of Istanbul, there are lots of transportation facilities such as metro, metrobus and bus stations. Moreover, the new airport metro line which will be completed in 2021, starts from Sisli station. Nisantasi, Macka, Tesvikiye, Mecidiyekoy and Bomonti areas the most popular and lively parts of Sisli and entire Istanbul. In addition to this, Cevahir Shopping Mall, City’s Nisantasi, Bilim University, Macka Park, Bomonti Ada, and Astoria Plaza are the important spots of Sisli.
Buy Property in Sisli
Sisli has always been a popular location to buy a property. Ever since the 1980s, Sisli is one of the centers of Istanbul. Although most of the areas in Sisli are well developed areas, there are still new developing ones. Areas such as Bomonti, Gulbag and Kustepe (Profilo shopping mall area) are developing faster because of the urban transformation.
Bomonti, Mecidiyekoy, Nistantasi, Harbiye and Esentepe are the most popular locations to buy a property in Sisli. However, square meter prices in these neighborhoods can reach up to 50,000 TL. Real estate projects such as Torun Center, Astoria and Ritz Carlton Residence offer the most exclusive lifestyle and best Bosphorus view in Sisli. Besides to this, Bomonti Projects such as Bomonti Residence and Queen Bomotni offer investment value since it is a fast-developing area and has more reasonable m2 prices. To buy property in Sisli, mostly branded real estate projects are preferred by the investors
Apartments in Sisli
In Sisli, it is possible to find every type of apartment from studio to 6-bedroom penthouse as an old and new buildings/projects. Since Sisli is a very central location, there are options for all budgets. In general, apartments in Sisli have high interior qualities both in old and new properties. Apartments in Sisli are eligible for renting to families, students, white collar professionals and foreigners. Especially, 1–2-bedroom apartments with furniture are very popular to be rented in Sisli. That’s why Sisli real estate investment is also popular for buy to let properties In Sisli, there are both boutique projects and A+ projects with lots of social facilities. Additionally, Sisli is one of the best places in Istanbul to buy Bosphorus view apartments.
Sisli Property Prices
Since Sisli is a very urban area there are both very luxury properties and boutique projects. To buy an apartment in Sisli in a new project, minimum price that you need to pay is 550,000 TL (apx. 78,000 Usd). Even though there are very cheap and expensive properties in Sisli, average new property prices are around
1 bedroom – 550,000 TL – 2,000,000 TL
2 bedrooms – 850,000 TL – 3,500,000 TL
3 bedrooms – 1,400,000 TL – 4,500,000 TL
4 bedrooms – 1,800,000 TL – 9,000,000 TL
5+ bedrooms – 3,000,000 TL – 25,000,000 TL
Apartments for Sale in Sisli There are many types of property for sale in Sisli for all budgets and tastes. To find out the latest options and prices to buy property for sale in Sisli you can fill out a contact form by clicking here.
Istanbul is one of the biggest cities in the world in terms of population. More than 20 million people live in Istanbul and there are 5,4 million properties in Istanbul. Although Istanbul’s real estate market is one of the most popular and profitable ones, it is also important to buy the right property in Istanbul to have a solid investment. In this website, we prepared different articles and listed the best projects for you in order you to be more accurate when you buy apartment in Istanbul.
In this page, you can find the most selective properties for sale in Istanbul in terms of location, quality, developer reliability and investment potential. Also, in our Buyer’s Guide page and blog page you can find important information and other steps regarding to buying property in Istanbul.
When you buy apartment in Istanbul, first thing you need to consider is location. Always, real estate projects with better locations have more potential for price appreciation. It doesn’t mean that the real estate project that you choose must be in the central Istanbul. Even if you choose a property to buy from somewhere out of central Istanbul, you should evaluate the location as in the distance to the public transportation, main highways or reference points to your own district.
If you are looking to buy property for sale in Istanbul, you probably have a budget limit on your mind. Let’s say you find a property that fits with your budget. However, you should be sure that the apartment that you buy is worth for the money that you pay. Best way to do this is to compare the sqm price with other projects in the same area. Considering the projects’ facilities and location advantages, if the price difference is around +/- %10 - %15 with other projects in the same area, you can be sure that the price you have given is worthy.
Other technique you can use is the return of investment in terms of rental income. For small apartments for sale in Istanbul (studio and 1 bedroom), return of investment as in rental income shouldn’t exceed 240 months. When the apartment gets larger rental income ROIs decreases. Let’s say you decide to buy 1-bedroom apartment in Istanbul for 480.000 Lira, then you must be sure that the apartment’s rental capability is minimum 2,000 Lira.
If you buy real estate in Istanbul from a branded developer or project the risk of encountering the legal problems is very less but it still might be useful to keep it in your mind. What you need to consider is to declaration of the right price to tittle deed office and being sure that the unit allocation is approved (Kat mulkiyeti).
If you will apply to Turkish Citizenship by investment programme, you may want to use a legal assistance in order to follow the steps correctly.
There isn’t one answer for this question. It is all about your expectations. You can find detailed information about the areas in Istanbul in blog article: Where To buy Apartment in Istanbul
Central areas such as Sisli, Besiktas, Beyoglu and Sariyer are the most popular locations to buy apartment in Istanbul. Since the sqm prices are higher in this areas, small apartments are more preferable as in 1 bedroom or small 2 bedrooms. In addition to this, in terms of price appreciation and rental capability small apartments works better in these areas.
If you think of making real estate investment with smaller budget in central Istanbul, Kagithane and Eyup areas can be a good alternative. These areas are recently developing areas and has one of the highest return of investments.
For family living and larger apartments, you need to go little bit out of the central Istanbul. In this case, Basaksehir, Kucukcekmece, Zeytinburnu and Buyukcekmece could be preferred. These areas also have their own centers with shopping malls, markets, restaurants etc. However, if you still want to go to central Istanbul in daily bases, it wouldn’t take you more than 40 – 45 minutes since the distance is around 20-30 kms.
Lastly, if your decision is to live or invest in Asian Side, Kadikoy, Uskudar, Atasehir and Kartal are the most popular areas to buy apartment in Asian side of Istanbul.