Property for Sale in Taksim, Istanbul | Real Estate in Taksim

Taksim is an ideal place for those who want to wander freely and find their inner peace in the rush of life and feel the vitality of the city while walking along Istiklal Avenue, which continues throughout from Taksim Square to Galata Tower.

It is possible to interpret this beautiful district as one of the most popular areas of Istanbul with its cosmopolitan environment, which has a lively flow every second and includes people from all walks of life, busy streets, popular restaurants and cafes, touristic areas, entertainment and nightlife that draws people in. This district, which you will want to live in once you have visited, opens its doors to you with the real estate market and a wide variety of housing types that are suitable for your tastes and needs. If you are considering buying a property in Taksim, there are some details that you should pay attention to. These details can be listed as follows:

• Decide on the budget you will allocate for real estate purchase,
• Pre-screen for suitable real estate options in line with your tastes and needs,
• Compare the price of the real estate you intend to buy with its market value,
• Investigate whether the residence is located in a risky area,
• See the house you intend to buy where it is located,
• Inquire whether there is a mortgage or foreclosure record,
• Research the investment value of the real estate you intend to buy,
• Carry out the real estate buying and selling process with experienced and reliable companies.

According to the reports about real estate in Istanbul and the region in 2021, a 28% increase has been observed in the prices of houses for sale in the last year. In the following years, the incline trend has continued.

The average size of the house for sale can be expressed as 100 m². The average m² prices of the residences for sale in the Taksim region are 48,370 TL (1793 USD) as of August 2023. The recovery period of the houses with the same characteristics is expressed as 20 years.

What are The Price Ranges of Properties Located in Taksim?

Real estate prices for Taksim, which is one of the important regions of Istanbul, vary depending on the real estate value of the region, its features, and similar reasons. Depending on these variables, the real estate prices shaped in the region are as follows:

Prices may vary depending on the exchange rate.

How are the Prices of Properties in Taksim Determined?

The most important factor taken into consideration while determining the real estate prices in Taksim is its location. Housing features such as the age of the house, its square meter, and the facade it faces are other factors that affect the price. However, the building material used and the design features of the house are also very important in terms of prices. In addition, the diversity of opportunities such as cultural activity areas (museums, exhibitions, theaters, and cinemas), social areas suitable for walking, security, and shopping centers around the real estate can increase the value of the real estate.

The payment methods used during the purchase and sale are also among the factors affecting the price of real estate. The payment method (cash, bank credit, etc.) you use during the payment will affect the price up or down.

What are the Benefits of Buying a Property in Taksim?

Taksim is located in the Beyoglu district of Istanbul and is one of the most popular spots in the city. Buying a property in this region, which has survived for centuries without losing its popularity, provides many advantages to the buyer. These advantages can be listed as follows:

• The Right to Acquire Citizenship in Turkey: Purchasing real estate in Turkey that worths 400.000 USD or more in Taksim gives foreign citizens the right to become a citizen of the Republic of Turkey as a result of establishing other official conditions.
• Real estate variety is suitable for every need and budget: The region has a wide real estate catalog where you can find the option that suits both your taste and needs and your budget in terms of real estate diversity. With this feature, it offers you very advantageous opportunities at the point of choosing a house.
• Having aesthetic structures influenced by different architectural movements: The region, where there are examples of both historical and contemporary architecture, has stylish and aesthetic structures with examples of different architectural movements.
• Historical richness: The region is home to many historical buildings. The real estate you will buy in the region offers you the advantage of being a neighbor to these historical structures,
• Social and cultural wealth: It has easy access to restaurants, cafes, shopping centers, shops, hotels, entertainment, and cultural areas in its vicinity.
• Being a cosmopolitan region: Whatever the social, religious, cultural, or ethnic differences of the region; It is an environment where differences are tolerated and people live together without any problems despite their differences.
• Diversity in transportation: The region is very rich in transportation opportunities. It is a very advantageous region in terms of transportation as it has basic subway and bus routes.

What are the Features of Properties Located in Taksim?

Taksim is one of the oldest districts of Istanbul. Its deep-rooted past is also reflected in the architecture on it. Throughout history, the societies living in the region have contributed to the shaping of the district. Accordingly, the real estates in the region have characteristics unique to Taksim. The general characteristics of the real estate in this region are as follows:

• Exquisite architecture bearing the characteristic features of the district: It is possible to see buildings influenced by various architectural movements in Taksim.
• High ceilings and balconies: Due to the historical feature of the region, many of the residences in the region have features such as high ceilings and balconies.
• Proximity to social areas: Taksim is a real-life center. Cinema, theater, and similar socio-cultural activity areas are concentrated in the region. This situation gives the properties in the region the advantage of being close to all kinds of social sharing areas.
• Having the advantages of being in the city center: Properties in Taksim, located in the very center of the city, give their investors the privilege of profit from all the opportunities of the city.
• Sea and historical building views: The residences in this area offer the buyers sea or historical building views depending on where they are located.

What are the Reasons to Buy Property in Taksim?

Taksim is a historical district that hosts many important points such as Taksim Square, Istiklal Street, and Galata Tower. Due to its proximity to the entertainment world and being the center, Beyoglu has the privilege of being the most preferred district. The features that make Taksim stand out in the real estate sector are as follows:

• Living in a location close to historical and touristic points,
• Living in a socio-cultural center,
• Owning a house,
• Investing in a region with a high investment value

What are the Property Types and Options in Taksim?

Taksim offers a wide variety of options to those who want to own a house or invest in its real estate variety. The types of property available in the area are as follows:

• Apartments with high ceilings as historical monuments,
• Duplex apartments,
• Apartments in different sizes: Practical and stylish apartments with options such as (1+1, 2+1, 3+1, 4+1, 5+1)
• Detached houses

Who are the properties in Taksim suitable for?

Taksim is a cosmopolitan region with quite different cultures. Because of this feature, living in Taksim is suitable for many social segments. The most suitable groups to live in the region can be listed as follows.

• Those who live alone,
• Artists,
• Business people
• Newly married couples,
• Students,
• Families

What are the living standards like in Taksim?

In the evaluations made in the regional report of Taksim, its socio-economic status is expressed as A+. Particularly with the projects realized in the last period, the development of Taksim is progressing. With the effect of its touristic potential, it appears as a constantly vibrant, dynamic, and living district. This cosmopolitan structure has a great impact on the impressiveness of the city, where the crowd and different cultures live together.

What Are The Other Counties That Have Properties Similar to Taksim?

Taksim is a unique region with its features. Although all the features it has are unique we can say that there are also regions where Istanbul can meet on some common denominators, considering the generality of Istanbul. These regions are as follows.

• Kadikoy: Kadikoy is similar to Taksim with its cultural potential.
• Sisli: Sisli, Nisantasi has similar shopping and cafe culture to Taksim.
• Ortakoy: Ortakoy, with its touristic potential, is similar to Taksim.