Buying a House in Bakırköy

Introduction to Bakırköy and Its Districts on the Map

Bakırköy is one of the prominent districts of Istanbul, located in the western part of the city near the shores of the Marmara Sea. Recognized as a key residential and commercial hub, Bakırköy (formerly known as Makriköy) holds significant historical importance on the European side of Istanbul. It lies in the western half of the city, along the northeastern coast of the Marmara Sea. Bakırköy was established in 1926, with its current boundaries defined in the 1992 reorganization. It is bordered to the west by Küçükçekmece, to the north by Bahçelievler, to the northeast by Güngören, to the east by Zeytinburnu, and to the south by the Marmara Sea.

Central Bakırköy (Bakırcılar): Central Bakırköy serves as the economic and commercial core of the district, housing numerous shops, restaurants, and major shopping centers. This area is notable for its access to public transportation and proximity to metro stations.

Western Bakırköy (Yeşilköy): The western region of Bakırköy, particularly Yeşilköy, is famous for its proximity to the Marmara Sea and its beautiful beaches. This predominantly residential area features luxurious homes and villas, along with serene, green neighborhoods, creating an ideal living environment.

Eastern Bakırköy (Ataköy): The eastern part of Bakırköy, especially Ataköy, is a prominent residential and commercial hub of Istanbul. Known for its luxurious residential and commercial buildings, this area offers excellent access to public transportation, major highways, and Istanbul Airport.

Southern Bakırköy (Florya): Florya, located in the southern part of Bakırköy, is renowned for its green spaces and proximity to the coastline, making it a popular destination for families. With its peaceful and natural setting, this area is ideal for those seeking a tranquil neighborhood surrounded by nature.

Bakırköy comprises 15 neighborhoods:

Ataköy 1st Section (Ataköy 1. Kısım)

Ataköy 2-5-6 Sections (Ataköy 2-5-6. Kısım)

Ataköy 3-4-11 Sections (Ataköy 3-4-11. Kısım)

Ataköy 7-8-9-10 Sections (Ataköy 7-8-9-10. Kısım)

Basınköy

Cevizlik

Kartaltepe

Osmaniye

Sakızağacı

Şenlikköy (Florya)

Yenimahalle

Yeşilköy

Yeşilyurt

Zeytinlik

Zuhuratbaba

The largest neighborhood is Yeşilköy, while the smallest is Cevizlik.

Population and Distribution in Bakırköy

With a population of approximately 240,000, Bakırköy is one of Istanbul’s densely populated districts. Its diverse demographics primarily consist of middle-aged and adult residents, with an almost equal gender distribution.

Population by Gender: The gender distribution in Bakırköy is almost equal, with approximately 49% male and 51% female residents, indicating a balanced demographic structure.

Population by Age Groups:

• Around 20% of the population is under 18, reflecting the presence of young families and children.
• The largest age group, 18 to 65 years, constitutes about 65% of the population, including professionals, students, and middle-aged individuals.
• Approximately 15% of the population is over 65, highlighting the significant presence of retirees in the district.

This diverse demographic mix makes Bakırköy a dynamic and vibrant area, offering a balance of families, working professionals, and retirees. Its modern infrastructure and amenities make it a highly attractive place for residence and investment.

Area and Urban Composition in Bakırköy

Covering an area of approximately 29 square kilometers, Bakırköy is one of Istanbul’s well-developed districts. Its diverse urban, historical, green, and coastal landscapes make it a highly desirable location for living and investment.

Urban Composition:

• Modern Urban Areas (70%): Most of the district consists of modern residential areas, commercial centers, and bustling streets, reflecting its development.
• Historical Areas (10%): Some neighborhoods with traditional architecture provide a unique cultural and historical identity to Bakırköy.
• Green Spaces (10%): Parks and natural areas, such as Florya Atatürk Forest, enhance the living quality for residents.
• Coastal Areas (10%): The coastline along the Marmara Sea, with recreational and tourist facilities, adds to the district’s appeal.

The combination of urban development, historical charm, green spaces, and coastal attractions makes Bakırköy a perfect destination for residence and investment, offering a balanced environment for all age groups.

Property Prices in Bakırköy

Bakırköy, with its excellent geographical location and proximity to the shores of the Marmara Sea, is considered one of the high-priced areas in Istanbul. This district, which combines modern and historical elements, is a popular destination for property purchases. Property prices in this area vary depending on the neighborhood and the specific characteristics of each section. Below, we examine the average property prices in different neighborhoods of Bakırköy.

Central Bakırköy (Bakırcılar): This area is recognized as the economic and commercial hub of Bakırköy. In this neighborhood, property prices per square meter range from 18,000 to 25,000 Turkish Liras. These prices are generally higher due to the proximity to shopping centers, restaurants, and metro stations.

Western Bakırköy (Yeşilköy): Western neighborhoods of Bakırköy, such as Yeşilköy, are known for their proximity to the Marmara Sea, peaceful surroundings, and greenery, making them part of the luxurious areas in the region. In this area, prices average between 25,000 and 35,000 Turkish Liras per square meter. Particularly for villas and coastal homes, these prices can significantly exceed this range.

Eastern Bakırköy (Ataköy): The Ataköy area in eastern Bakırköy is a popular destination for living and investment due to its excellent transportation access, proximity to Istanbul Airport, and major highways. Property prices in this neighborhood usually range between 25,000 and 30,000 Turkish Liras per square meter. With its luxurious residential and commercial buildings, the area attracts high demand.

Southern Bakırköy (Florya): The Florya neighborhood, located in the south of Bakırköy, is a popular destination for families due to its green spaces and proximity to the beaches. Property prices in this area typically range between 20,000 and 30,000 Turkish Liras per square meter. In areas with large villas and houses, prices tend to be higher.

Mid-Range Residential Areas: In mid-range residential neighborhoods like Ataköy and Florya, property prices generally range between 15,000 and 20,000 Turkish Liras per square meter. These neighborhoods are attractive to families and individuals seeking a quiet area with full amenities, close to commercial centers, schools, and public transportation.

Historical and Old Neighborhoods: In historical neighborhoods such as Yeşilköy, with their traditional and old structures, property prices average between 20,000 and 25,000 Turkish Liras per square meter. These areas attract buyers interested in living in culturally rich and historical environments.

Luxury and Coastal Areas: Bakırköy also includes luxury and coastal areas where property prices are significantly higher. In neighborhoods like Ataköy Marina and Florya, prices per square meter start from 25,000 Turkish Liras and can reach up to 40,000 Turkish Liras. These areas, due to their beachfront locations and exclusive amenities, are among the most popular for purchasing luxury and villa properties.

Rental Properties: Rental prices in Bakırköy are also higher compared to other areas of Istanbul. For a 1+1 apartment in central neighborhoods like Ataköy and Florya, the rent typically ranges between 15,000 and 25,000 Turkish Liras per month. In luxurious and coastal neighborhoods like Ataköy Marina, this amount can reach up to 40,000 Turkish Liras per month.

Comparison of Property Prices in Bakırköy with Adjacent Areas

The areas adjacent to Bakırköy, which share similar prices and amenities due to their geographical proximity, include Küçükçekmece, Güngören, Bahçelievler, and Zeytinburnu:

• Küçükçekmece: Property prices here generally range between 10,000 and 15,000 Turkish Liras per square meter, making it slightly cheaper than Bakırköy.
• Güngören: Prices in this area fall between 12,000 and 18,000 Turkish Liras per square meter. Its access to public transport makes it a popular choice.
• Bahçelievler: Prices typically range between 10,000 and 18,000 Turkish Liras per square meter, which is lower than Bakırköy. However, it remains an area with excellent access to commercial and service centers.
• Zeytinburnu: Prices here average between 12,000 and 18,000 Turkish Liras per square meter. Its commercial location and access to public transportation make it one of the most sought-after areas.

Advantages of Buying Property in Bakırköy, Price Growth, and Future Forecast

Buying property in Bakırköy is an attractive option for investors due to its prime location, rapid price growth, and infrastructure development:

Price Growth in Recent Years: In the past five years, property prices in Bakırköy have increased by approximately 10-15% annually. For example, in 2019, the price per square meter for residential property in this area was around 7,000 to 8,500 Turkish Lira, but by 2023, this number had risen to about 13,000 to 15,000 Lira, reflecting a significant price increase.

Forecast for Future Price Growth: According to forecasts, property prices in Bakırköy will continue to rise in the coming years due to high demand and new construction projects. It is expected that prices will increase by an average of 10-12% in 2024 and 2025. For the next five years, prices in Bakırköy are predicted to continue rising, with an average annual increase of 8-10% from 2026 to 2030. This growth is expected due to new development projects and the high demand in the housing market in this area.

Long-Term Investment Opportunities: Given the steady price growth and high demand for properties in Bakırköy, this area is considered an excellent destination for long-term investment. In the near future, it is predicted that Bakırköy will become one of the areas with the highest return on investment in Istanbul.

Amenities and Infrastructure in Bakırköy

Public Transport: Bakırköy has excellent access to public transport. Metro and ferry stations are easily connected to other parts of Istanbul. In addition, multiple bus lines and access to major roads make transportation in this area very convenient.

Educational and Cultural Facilities: This area is an ideal destination for families due to the presence of prestigious schools, universities, and important educational centers. Furthermore, Bakırköy hosts numerous museums and art galleries, attracting people interested in art due to its rich cultural environment.

Commercial and Shopping Centers: Bakırköy, with shopping centers such as Altonizad and Ataköy Mall, offers excellent shopping opportunities for residents. This area is a great place for shopping and leisure, thanks to its brand stores and boutiques.

Medical and Health Facilities: Bakırköy has reputable hospitals and specialized clinics offering high-quality healthcare services. Additionally, pharmacies and 24-hour medical centers are available in the area.

Green Spaces and Recreation: Bakırköy, with its many parks such as Yeşilkoy Park, provides suitable green spaces for residents to rest and enjoy leisure time. These areas are particularly attractive to families and nature lovers.

Restaurants and Cafes: Bakırköy, with its variety of restaurants and cafes, is an ideal place for food and drink enthusiasts. Many well-known restaurants and delightful cafes are located in this area, making it a great place for social gatherings and casual meetings.

Summary

Bakırköy, with its strategic location in Istanbul, excellent access to amenities, beautiful beaches, and green spaces, is one of the best areas to buy property and live in the city. This neighborhood is especially suitable for those seeking a peaceful and modern environment. While property prices in Bakırköy are generally high, the potential for price growth and the attractiveness of the area make it an ideal choice for investors. Given the diverse amenities, high security, and easy access to other parts of Istanbul, Bakırköy is recognized as one of the best areas in Istanbul for property investment.

Frequently Asked Questions