Buy property in Bakırköy

Essential tips that you should know before buy property in Bakırköy

Bakırköy is one of the prosperous and expensive areas of Istanbul. So, if you intend to buy a house in the Bakırköy region, it is necessary to pay attention to the following points. It should be mentioned that Bakırköy has 15 neighborhoods, the most prominent of which are Yeşilköy, Ataköy, Osmaniye, and Şenlikköy. In the end, we will examine the investment by buy property in Bakırköy.

History of buy property in Bakırköy

Bakırköy is one of the historical areas of Istanbul, which in the past was completely separated from the city of Constantinople (or Istanbul today,) and people used it for fishing. Due to the excellent weather of Bakırköy, this region became a recreational area for different kings and sultans in different periods. For this reason, beautiful old villas and properties can be found in this neighborhood. It can be said that many wealthy people today are looking to buy a property in Bakırköy, especially villas in the Bakırköy region.

Demographics of Bakırköy

Due to the high price of properties in this region, not everyone can afford an apartment in Bakırköy. Therefore, the population of this region is low and is about 230,000 people. The majority of this population is between 35 and 55 years old. Due to the majority of people in this age range, the average age in this region is high and is about 39 years. Almost two-thirds of this population are married, and nearly one-third of the population living in Bakırköy has a university education, which has a high number of university graduates compared to other regions. The increase in commercial properties in this region has not affected residential properties and is another factor that has led to the increase in the number of property purchases in the Bakırköy region, especially the purchase of villas and apartments.

Bakırköy amenities

Bakırköy is one of the expensive and well-equipped parts of Istanbul, which has many amenities and infrastructure due to its proximity to the Bosphorus Strait and location in the city center. One of the most important of these infrastructures is the transportation system, which is equipped with a metro station and Metrobus, which will take you to the desired points in the shortest possible time. You can use the unique facilities of this region by buy a property in Istanbul. Also, the presence of a pier in the Bakırköy region provides you with the possibility of sea transportation. Among the important shopping centers of this area, we can mention Galleria, Marmara Forum, and Capacity, many reputable brands in the world have booths in these shopping centers. Among the most important recreational places in Bakırköy, we can mention the Armenian church and cemetery, Istanbul Aquarium, and Carsi‏ Mosque.

Are we missing opportunities by selling a property in the Bakırköy District?

Despite the high demand for buying villas in Bakırköy, many people still want to buy an apartment. After the change in Turkish immigration laws in 2018, many families from foreign countries, especially Middle Eastern countries such as Iran and Iraq, bought property in this country, especially in Bakirkoy, to obtain Turkish residence by investing. For this reason, people who bought a property in the Bakırköy region and intended to get residence also gained a lot from the growth of real estate prices in this area. This process caused the price of buy property in Bakırköy to grow by 40% from 2020 to October 2021 and reach a price of about $1,800 per square meter. According to the predictions, despite the continuance of the trend of price growth, the sale of houses in the Bakırköy region requires consultation with professional experts.