Located on the European side of Istanbul, Başakşehir district has a very modern and sophisticated infrastructure that attracts local and foreign investors from all parts of the world.
It is one of the most vital areas on the European side of Istanbul, which consists of 39 (municipal) districts, spread between the European and Asian continents on both sides of the city.
The municipality of Başakşehir was established in 2008 after it was separated from the municipality of küçükçekmece, it is bordered by Arnavutköy from the north, Eyüp from the north-east, Sultangazi and Esenler from the east, Bağcılar, küçükçekmece and Avcilar from the south, and Esenyurt from the south-west.
One of the city’s most sophisticated infrastructure, the area of Basaksehir is a modern one with a modern and extensive structure.
Basaksehir has become one of the most attractive areas for both local and foreign investors, not only because of modern buildings with the highest standards of comfort and well-being but also because of the strong infrastructure, social, cultural, health and educational facilities that have characterized it from all other parts of Turkey. Making it a competitor to many of its European counterparts.
The area has also the second largest show yard in Istanbul and is used for many different events throughout the year. Theatrical performances, concerts, festivals and Ramadan celebrations are the highlights.
The study emphasized that real estate gains in Başakşehir District are expected to be above the average of the Turkey real estate profits for Istanbul properties during the coming period. Investors also recommending to invest in it before the completion of the infrastructure projects, noting that property prices will continue to rise in the district. Prices will reach its peak after the completion of the above-mentioned infrastructure projects.
Istanbul’s mega-projects such as Istanbul’s Third Airport and Istanbul’s Third Bridge have led to an increase of %27 in the real estate prices in Başakşehir district over the past year. The cumulative rise in the real estate prices over the last two years in the district to 47%. The study also added that Başakşehir district will enter within the first five districts expected to rise in prices after the completion of the mega-projects mentioned above.
It is expected that the real estate prices in the region will continue to rise after the completion of these projects, especially the region is hosting the Bio-Istanbul project, the Medical City complex, which is the biggest medical city in Europe and includes scientific and educational research and development units, Hospitality units, commercial units, cultural centers and conference centers, which will contribute to local and foreign tourism in the region. The study also confirmed that the district is considered one of the biggest housing districts in Istanbul, and also it is one of the preferred areas by investors enjoying the medium and high economic level, moreover, it is a rich district in terms of land reserves, and that the Turkey real estate projects will continue to increase rapidly.
