The Most Expensive Districts of Istanbul

Besiktas is located on the European side of Istanbul and famous for its vibrant and colorful neighborhood life, bazaar, fish market, student population, culture and art activities, nightlife, shopping centers, historical buildings, football club, seaside recreation and eating places and ferry piers. It is one of the most popular and valuable districts located at the entrance of the Bosphorus.

Besiktas is the capital of culture, art and education of Istanbul, but it is also the most valuable region of the Bosphorus with its Ortakoy, Arnavutkoy, Kurucesme and Bebek neighborhoods, Besiktas is by far the most expensive district of Istanbul with the price per square meter in the region exceeding 16,000 Turkish lira’s for a basic apartment. Made up of mainly historic stock, with only a few modern residences, Besiktas has huge demand, but next to zero new supply.

Real estate in Besiktas can be among the most expensive in the world. On the other hand the Bebek area is by far the most expensive and the most sophisticated part of Turkey, due to it being right on the Bosphorus coast and being chosen as a place to live by the celebrities and elite of society.

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