About Bahcesehir Guide for Real Estate Investors
We can say about Bahcesehir guide for real estate investors, comparing to its less ‘aesthetically-pleasing’ neighbours such as Beylikduzu and Esenyurt. Bahcesehir is on the European side of Istanbul known as a classy district. It is relatively newer and more modern neighbourhood.
Where is Bahcesehir?
About Bahcesehir guide for real estate investors, it is located on the west of the European side of Istanbul in between Buyukcekmece and Kucukcekmece lakes. It is located 35 kms from Taksim, Istanbul and 18kms from Istanbul Ataturk Airport. Bahcesehir is about just under one hour to drive from Taksim. And approximately 15-20 minutes from the airport.
About Bahcesehir guide for real estate investors; Bahcesehir transport links to Istanbul centre
One of the main reasons that enabled Bahcesehir to become such a desirable suburban area is its practical transport links to Istanbul’s cultural and business districts.
TEM highway, which connects the area straight to Istanbul’s business. And financial districts as well as the three Bosphorus bridges crossing Districts of Istanbul Europe to Asia, passes by Bahcesehir itself. If you live in Bahcesehir, then you can hit the highway within a matter of minutes and from there continue onto central Istanbul. Compare Bahcesehir to Beylikduzu for example. It would take you lot longer to access TEM from Beylikduzu, particularly if the rush hour traffic is intense.
Bahcesehir to Ataturk Airport, Bakirkoy, Avcilar, Taksim and beyond every 10 minutes. The network is reliable and mostly punctual.
Metro underground and railway system is ever expanding in Istanbul with lines pushing out toward all suburbs connecting inwards to the city centres. The metro station in Basaksehir Ataturk Olympic Stadium connects into the city’s main metro and railway system with access to all stations on the entire system. Basaksehir is one of Istanbul’s 36 districts and Bahcesehir is an area within Basaksehir. Ataturk Olympic Stadium metro station is under 5 minutes by car from most parts of Bahcesehir. Also according to Istanbul Municipality Bahcesehir metro stop will be active in 2019 on the line between 3rd Airport and Ataturk Airport.
About Bahcesehir guide for real estate investors; Things to do in Bahcesehir and main attractions of the area. There are many attractions to count, including a beautiful central lake named Golet Park, several modern shopping centres, cinemas, walk-paths, trendy bars & restaurants.
Bahcesehir Golet Park is central to the area including mini-golf club, restaurants, tea gardens, walk paths, children playgrounds. And many more to keep the whole family entertained.
Bahcesehir offers several major shopping malls including Akbati Shopping Mall and Prestige Mall. These centres accommodate well know international brands as well as many Turkish ones. They come complete with theatre and cinema halls, cultural centres, restaurants and cafes.
Why buy property in Bahcesehir?
Bahcesehir has become a desirable suburban town since early 2000’s. In the late 90’s, in order to protect the exclusivity of the area and provide a more privileged lifestyle to Bahcesehir residents, local municipality decided to control access to Bahcesehir similar to a private estate would do. This helped improve the area’s image as an elite and well sought after neighbourhood.
After 2005, the face of Bahcesehir started changing. It started growing larger and becoming a major district of Istanbul from very humble beginnings only 10-15 year ago.
Today, Bahcesehir is regarded as a luxury residential district favoured by mid to higher income brackets. Its shopping facilities leave nothing to desire and the area is ideal for young families. Compared to central districts of Istanbul prime real estate, Bahcesehir real estate prices are still around half per m2. For example, a luxury 2 bedroom apartment for sale in Bahcesehir is priced anywhere from 80.000 USD to 150.000 USD depending on location, size and attributes. This is on average 1000 USD/m2. In other words, you can access luxury lifestyle in a Bahcesehir home from as low as 1000 USD/m2. This figure would be anywhere from 4000 USD to 7500 USD/m2 Nisantasi, Sisli as prime central location.
Great investment opportunity
Its lifestyle and easy access to the city centre makes Bahcesehir highly desirable for young professionals and families. As a result, there is a very strong rental market in Bahcesehir in addition to a very high demand for quality real estate ownership.
Also, from off plan stage to completion alone we are seeing price increases in excess of 15%, which provides a serious investment potential for early buyers. High demand assures safe exit strategy should you wish to sell off.
Property prices have doubled since 2005 in Bahcesehir. However, considering the quality of life on offer, mega projects such as 3rd airport and Channel Istanbul and so on. We believe prices still have a very long gap to fill within the next 5 years. Overall, we highly recommend Bahcesehir from a lifetsyle and investment viewpoints.