It’s no surprise that so many people look to invest in Istanbul real estate. As one of the world’s fastest growing cities, with a population of now nearly 15 million people, foreigners from all backgrounds have been buying Istanbul real estate for sale for a variety of purposes.
This includes those looking to buy a flat and work in the city, those who want a holiday home, and investors buying apartments to either rent or turn into temporary accommodation for visitors on business. But for those with a limited knowledge of Istanbul, it’s important to note that there are actually two sides to Istanbul that you should be aware of before purchasing a property. No, there’s not a ‘good’ or a ‘bad’ side – rather, Istanbul is a city of two distinct areas. It’s due to the Bosphorus strait – a large waterway that literally runs through the city’s two sides. This doesn’t just serve as a split in the city, but a literal split between the geographical continents of Europe and Asia. For this reason, you will often find Istanbul property listed as either the ‘European side’ or ‘Asian side.’ As aforementioned, there isn’t a good or a bad side to either part of the city – they’re just different. The European side is, for example, more densely populated – making up about 10 million of Istanbul’s residents. The Asian side is more sparsely populated, but still is home to approximately five million of Istanbul’s residents. So it’s definitely worth learning about the differences between the two before buying land for sale in Istanbul.
The first striking difference between the two sides is the culture. The European side has the feel of a European cosmopolitan. Unfortunately, that does mean it loses a bit of Turkey’s terrific sense of culture and history – which is more present on the Asian side. In fact, the Asian side is perhaps a truer representation of Turkey as a whole. However, the European side is still home to some of Istanbul’s most famous sites such as the Hagia Sophia and the Blue Mosque. Due to the difference in population size, the Asian side is far calmer than its more populated European counterpart. With that being said, if you intend to find property in Istanbul for sale to rent out to European workers, you may want to consider the European side. While some will want to experience the Asian side, many others would rather stay amongst familiar surroundings. But it is possible to travel between the two sides with relative ease. There’s a road bridge connecting the two, as well as many boats and ferries that also transport commuters. It’s thought that over one million make the daily commute across the Bosphorus. This is definitely a consideration if you plan to work in Istanbul. As your job will be located on one side or the other, you may want to consider finding Istanbul real estate for sale on the same side as your new workplace.
The two distinct sides to this metropolitan marvel creates a consideration that is truly unique to buying houses or apartments in Istanbul. But no matter which side you look at Istanbul real estate for sale on, you’ll find welcoming and warm communities throughout the city.