Getting to know Istanbul: One thing is clear when we dig into the details. There’s a pulse in this city like no other. Despite not being Turkey’s capital, it’s its financial, cultural, tourist, business, education, and economic hub. The city is fascinatingly diverse, with the famous Bosphorus waterway, once known as Constantinople or Byzantium.
Istanbul has a long history. Istanbul was the capital city of the Roman, Byzantine, and Ottoman empires until 1923 when it became the Republic of Turkey. Seeing the mosques, traditional restaurants, bazaars, shops, and famous sites leaves you with a sense of wonder, so much so that many foreigners have decided to make Istanbul their home.
Istanbul’s location
Istanbul is the only city in the world that spans two continents.
The smaller European side sits to the west, separated by the Golden Horn, a natural harbor separating the Marmara and Black Seas. With a population of over 15 million people, it’s bigger than London and New York.
About Istanbul’s climate and weather
In contrast to the warmer coastal regions of Turkey to the south, Istanbul is a city you can visit whenever you want. Because of Istanbul’s size and typography, the weather is changeable, and temperatures fluctuate.
During summer, temperatures average 23°C (73°F) but can reach 32°C (90°F) on occasion. There’s little rain in summer, just a few days a month so you can take advantage of outdoor activities.
There’s a lot of snow in winter, and the average temperature is 4*C (39*F). In colder weather, the city offers a lot of indoor attractions. It’s got a lot of bazaars, shops, restaurants, and museums, so there’s always something to do!
About Istanbul’s population
Turkey has over 76 million residents, growing by over 2% annually, making it one of the world’s most populated countries. Having a population of over 15 million, Istanbul is one of the world’s biggest cities, bigger than London and New York. The city has recently gained much global attention and has grown rapidly.
In 2010, it was Europe’s Capital of Culture, and in 2012, it became the European Capital of Sports. As a result of this attention, the community keeps growing, and many new suburbs are popping up on the outskirts.
Istanbul’s suburban towns are growing.
Suburban towns are being built to accommodate the city’s growing housing needs. High rises and comprehensive complexes are replacing shanty houses on the city’s outskirts at affordable prices. Most foreign investors, especially individuals, are taking advantage of these low prices to benefit the city’s growth prospects.
It’s important to note that not all suburbs have the same investment potential. As such, a diligent understanding of social and cultural factors will help choose the right areas for investment in the years to come. For example, take the European suburb Bahcesehir, a well-developed and quality suburb. Comparatively, Esenyurt leaves a lot to be desired.
About Istanbul’s life
It’s changing in Istanbul. The classic historic and more established central districts are thought to have the best quality of life, but this may largely depend on income. Views, historic buildings, classic architecture, and sought-after areas cost more! Quality of life is “the general well-being of an individual.” New suburbs on the city’s outskirts are now offering quality housing at a lower price. Modern health centers, trendy shopping malls, sports facilities, and entertainment are in these up-and-coming areas.
Istanbul has a great quality of life. There are great local markets with cheap groceries, various shops from designer names and department stores to budget shops, and excellent transportation to the surrounding areas.
Istanbul’s airports: Modern global travel hubs
Istanbul’s geography makes it a great international travel hub, and its airports have increased. Until now, Ataturk was Turkey’s busiest airport, but a growing number of passengers led to the building of the New Airport. When it’s finished, it’ll be the biggest in the world. On the Asian side, Sabiha Gokcen Airport offers year-round flights to countries worldwide. (About the new airport in Istanbul.)
Bosphorus Waterway
Over the centuries, empires have fought over the Bosphorus, which links Europe and Asia. Although it’s much calmer now, it’s still a vital waterway for maritime traffic.
There’s more to it than its status as an important shipping route. Turkey’s most expensive real eWe would be happy to assist you with your inquiries.
state market is shoreline homes, called yali houses, along the Bosphorus. A wooden Ottoman villa can cost up to 50 million dollars.
Things to Do in Istanbul
Living in Istanbul and Buying Property
Istanbul has the biggest ex-pat population in Turkey. It isn’t surprising since it’s a business, education, and tourism hub. Over the last 20 years, its real estate market has changed drastically with its growth.
Shanty towns have been replaced by high-rise residences that have changed the fabric of social communities. Several amenities are available to residents, including landscaped gardens, swimming pools, saunas, gyms, security, and shops.
As the population grows, the need for housing increases, which is why many high-rise residences are located in outskirt districts. Many foreign investors are taking advantage of the city’s growth prospects by investing at low prices per square meter.
Check out our blog to learn more about Istanbul. You can also see our portfolio of apartments and villas for sale in Istanbul if you plan to buy real estate.