Sarıyer: A Prestigious Area for Property Investment in Istanbul
Sarıyer is one of the most prestigious and attractive districts in Istanbul, surrounded by the beautiful Belgrad Forest. Property prices in this area vary depending on the location, type of property (apartment, villa, land, or commercial property), and features like sea views. Here’s important information and tips for buying property in Sarıyer:
Advantages of Buying Property in Sarıyer
- Prestigious Location: Located on the European side of Istanbul, with proximity to the Bosphorus Strait, it offers easy access to nature and major highways.
- Strong Investment Potential: Property values in this area have been consistently increasing, making it an excellent long-term investment option.
- Green and Natural Spaces: Close to Belgrad Forest and other natural areas, Sarıyer offers a peaceful and ideal environment for living.
- Luxury Living: The presence of luxury villas and apartments in neighborhoods like Zekeriyaköy, Tarabya, and Kilyos offers buyers the chance to experience high-end living.
Popular Neighborhoods
- Zekeriyaköy: Known for its luxurious and tranquil lifestyle, focused on villa properties.
- Tarabya: Includes apartments and villas with sea views, close to social and recreational amenities.
- Kilyos: Known for its summer homes and proximity to the beach, it has a unique appeal.
- Maslak: Known for modern residences and business centers.
Price Range
- Apartments: Starting from approximately 10 million TL (depending on location and luxury amenities, the price may be higher).
- Villas: Prices start at 30 million TL, especially in neighborhoods like Zekeriyaköy and Tarabya.
- Land: Prices vary, starting from around 20,000 TL per square meter.
Important Considerations When Buying Property
- Zoning Status: Check the legal documents and zoning status of the property.
- Earthquake Safety: Given Istanbul’s earthquake risks, evaluate the property’s structure for durability and safety.
- Professional Advice: Seek help from reliable real estate consultants. Banasor can assist you in this area.
Sarıyer Price Growth Chart (Per Square Meter) from January 2019 to November 2024
Price and Value Growth in Sarıyer
- The average price of residential units in November 2024 was approximately $520,000, marking an 11.82% increase from the previous year.
- The average size of residential properties in this area is 150 square meters.
- The average price per square meter for residential properties is around $3,500.
- The average return on investment (depreciation) in the area is about 21 years.
Neighborhoods with the Most Price Growth
- Bahçeköy Kemer
- Rumelikavağı
- Kocataş
- Yeniköy
- Çayırbaşı
Neighborhoods with the Least Price Growth
- Emirgan
- Tarabya
- Demirciköy
- Maslak
- Bahçeköy Merkez
Most Expensive Neighborhoods (Price per Square Meter)
- Pınar: $6,903
- İstinye: $6,471
- Poligon: $5,843
- Yeniköy: $5,174
- Emirgan: $4,936
Least Expensive Neighborhoods (Price per Square Meter)
- Kazım Karabekir Paşa: $793
- Fatih Sultan Mehmet: $988
- Ptt Evleri: $1,007
- Bahçeköy Merkez: $1,051
- Bahçeköy Yeni: $1,068
- Cumhuriyet: $1,196
- Sarıyer Merkez: $1,602
- Kocataş: $1,841