Apartment prices in Fatih Istanbul

What are the factors that affect apartment prices in the Fatih area?

The Fatih district in European Istanbul is at the top of the most famous areas, inside and outside Turkey, due to its great importance and ancient historical status among the areas of the city of Istanbul.

No one can underestimate the Fatih region in Istanbul's high importance as one of the most important municipalities in all of Turkey. How could it not be that it is the vital commercial and economic center and the most crowded residential location that receives tourists in Istanbul.

In addition, Al-Fatih Municipality combined the specifications of housing, comfortable living, and a desirable social life.

The Al-Fateh area is located in a location rich in important features that have raised the shares of the entire region, including:

The strategic and ideal location in the center of Istanbul: The municipality of Fatih is located on a prominent sea promontory that extends geographically between the Golden Horn Bay and the entrance to the Bosphorus Strait and the Sea of Marmara, while it is connected to the west by the municipality of Eyüp Sultan and the municipality of Zeytinburnu.

Easy access to the Fatih area, taking advantage of the network of roads that meet there, and the many and varied transportation services, in addition to the many metro lines that run from and to it, connecting it to the farthest point in Istanbul with ease, the most important of which are: Haciosman Metro, the M1 and M2 metro, and the Marmaray Metro, which cuts The Bosphorus is below it and its journey extends to the last point of Asian Istanbul, in addition to tram lines, as well as sea ferry trips that depart from the ports of the Fatih region and connect it with Asian Istanbul, the Princes’ Islands, and the cities of Yalova and Bursa.

Al-Fatih is an area deeply rooted in the city’s history, where the present is connected to the past. Although most of the historical monuments are concentrated in the Al-Fatih area, it contains many new residential or commercial projects, including some that are under construction, which provides opportunities for investors wishing to benefit from the potential of... The region and its rapid growth.

Fatih enjoys good infrastructure, high community services, and a par excellence tourist environment that includes hundreds of large and small landmarks, the most important of which are: (Sultan Ahmed - Sultan Mehmed Al-Fatih Mosque - Hagia Sophia Mosque - Covered Market - Gulhane Park - Shrine of Sultan Abdul Hamid and other sultans - Topkapi Palace...).

Fatih includes a wide range of amenities and amenities, including many parks scattered among its neighborhoods, although it is generally characterized by small spaces compared to its counterparts in areas with wide and open spaces such as Basaksehir.

In addition to the availability of many shopping centres, popular markets, restaurants and cafes, which makes it an attractive location for tourism.

Fatih provides many real estate sites with exceptional views that are not repeated in some locations, such as a direct view of the Bosphorus, which is considered the most beautiful icon of the city, which can add great value to the property and provide a high-quality living experience near the city center and next to its most beautiful landmarks.

No one disagrees that the Fatih area is characterized by being one of the best areas for real estate investment compared to other areas of Istanbul, as the demand for its real estate, both old and new, is always increasing.

As for the real estate in the modern Al-Fateh area, it is one of the images of urban transformation in the region, where the designs are modern, using the tools of the latest standards, with the integration of various finishes and amenities.

Fatih real estate represents promising and profitable investment opportunities, with strong investment potential, with a growing rise in real estate values, which provides a good return on real estate investment within its apartments and other types of real estate, especially those close to the Bosphorus Strait or the main and important points.

Fatih Municipality provides life services that are no less good than any of the other areas of Istanbul, starting with public, private and international schools, multiple universities, hospitals, and commercial centers, such as Historia Mall and Access Mall, in addition to integrated municipal services.

Apartment price index in the Fatih area in recent years

The Fatih area is classified among the most important areas of Istanbul and one of the most active in the real estate market within the city, due to the features previously mentioned, which increase the importance of the region in general, especially with the increasing demand for its types of real estate, especially within the projects of the ancient Fatih area, which combine the specifications of luxury and high quality. , which has attracted and continues to attract local and foreign investors from all over the world, hoping to benefit from the strength of the elements supporting investment in it.

By the end of 2014, the average price per square meter in all Fatih neighborhoods and within all types of residential properties (both old and new) ranged around 2,819 Turkish liras.

While the average price reached its peak at the date of writing these lines at the beginning of the month of 3 of the year 2023 AD, about 20,402 Turkish liras, which is equivalent to 1,077 US dollars at the time of writing this article.

What are the advantages of buying an apartment in Fatih Istanbul from an investment perspective?

From an investment point of view, the Al-Fateh area is considered one of the profitable areas for investment due to its acquisition of an attractive location that attracts real estate investments, and this is mainly due to several reasons, the most important of which are:

The strategic and ideal location to which all the city's roads and means of transportation lead, and the possibility of reaching from Fatih to Istanbul Airport or to any point of the city from there smoothly and easily, and perhaps with the availability of more than one means of public transportation.

The population increased in parallel with the increased interest in the Al-Fateh area, which led to attracting more people wishing to own property and invest in the area, and the increased demand for housing of all types, and this naturally led to an increase in real estate prices, making it a good investment opportunity whether you wish to sell the property later or rent it.

High rental income: Al-Fatih Municipality is popular among students and families, which leads to increased demand for rental properties, and this makes it an ideal opportunity for investors who want to generate income from renting their properties.

Successive government development plans, as Fatih Municipality is an integral part of the development plans in the city of Istanbul.