Buying a House in Zeytinburnu

List of Properties Available in Zeytinburnu

Zeytinburnu, located in Istanbul, is a popular destination for real estate investment, offering a range of residential properties, including modern and luxurious apartments and villas. These properties include completed apartments with easy access to metro stations, units with sea views along the Bosphorus, luxurious villas in Ottoman-style mansions, and smart homes equipped with the latest technology, meeting all transportation and lifestyle needs. Prices range from $161,000 for smaller apartments to over $3 million for coastal villas and outstanding projects with excellent amenities. Zeytinburnu is considered an ideal option for investment and residence in Istanbul due to its strategic location and infrastructure development.

Introduction to Zeytinburnu's Location and Its Sections on the Map

Zeytinburnu is one of Istanbul's important and rapidly developing areas, located along the southern shores of the Sea of Marmara. This district is well known for its geographical position, providing excellent access to other parts of Istanbul and proximity to the city center. Zeytinburnu is bordered by Fatih and Bakirkoy to the north, by Kucukcekmece and Sisli to the east, and by Kazim Karabekir and Cevizlibag to the west. Below are the different sections of Zeytinburnu:

• Zeytinburnu Central: The central area of Zeytinburnu is the heart of the district, where most of the commercial and social activities are concentrated. Main streets lined with shops, restaurants, and cafes, along with excellent public transport access, are characteristics of this part of the area. From here, one can easily reach central Istanbul and other important districts.

• Zeytinburnu West (Marina): The western part of Zeytinburnu, due to its proximity to the sea and various marinas, is a popular spot for both tourists and residents. This area, with its luxurious villas and modern apartments, offers beautiful views of the Sea of Marmara. The calm and green spaces here have made it one of the most desirable areas for living.

• Zeytinburnu East: The eastern section of Zeytinburnu is primarily residential, featuring a mix of old and new houses. Due to its proximity to commercial centers and easy access to public transport, this area is ideal for those looking to live in an area with good urban amenities.

• Zeytinburnu South (Istanbul Coastal Road): Located along the coast, the southern part of Zeytinburnu is known for its peaceful atmosphere and scenic sea views, making it one of the best places for both living and leisure. This area also boasts numerous parks and green spaces, making it an attractive spot for families and nature lovers.

• Zeytinburnu North (Fatih Zeytinburnu): The northernmost part of Zeytinburnu mainly consists of industrial and commercial areas. However, some residential neighborhoods and new developments are also under construction. This area is well-positioned for those interested in investment opportunities due to its proximity to historic regions and easy access to highways.

Zeytinburnu’s strategic location and easy access to the city center and other parts of Istanbul make it an appealing destination for both living and investment.

Population and Distribution in Zeytinburnu

Zeytinburnu is home to approximately 300,000 residents. The population distribution is notably diverse, with an almost equal gender ratio, as men make up about 49% and women about 51% of the population. In terms of age demographics, the largest segment of Zeytinburnu’s population is adults and middle-aged individuals, particularly those aged between 18 and 65, which comprises around 70% of the total population. Around 18% of the population is under 18 years old, indicating the presence of young families and children. Furthermore, those over the age of 65 make up about 12% of the population, slightly higher than in other parts of Istanbul. This diverse demographic mix makes Zeytinburnu an attractive place for living and working, appealing to working professionals, families, and students.

Area Size and Composition in Zeytinburnu

Zeytinburnu covers an approximate area of 11 square kilometers, and it features an interesting mix of different urban layouts. About 55% of the area is made up of modern, densely populated urban fabric, including commercial, residential, and shopping centers. This section has tall buildings and modern residential complexes, all with access to public transport and various amenities. Around 20% of the area consists of historic fabric, which can be observed in neighborhoods like Zeytinburnu Merkez and some parts of Kocatepe. This area includes older buildings, traditional structures, and historic sites that preserve the cultural identity of Zeytinburnu. Additionally, 15% of the area is dedicated to green spaces and parks, such as Yedpa Park and other recreational spaces that provide leisure and relaxation opportunities for residents. Lastly, about 10% of Zeytinburnu is located along the coastline and the Sea of Marmara, including neighborhoods like Cevizlibag and Zeytinburnu Sahili. This varied combination of urban, historic, green, and coastal areas makes Zeytinburnu a dynamic and attractive district.

Property Prices in Zeytinburnu

Zeytinburnu, being a relatively central and popular district in Istanbul, is highly sought after by buyers and renters due to its easy access to public transport, commercial centers, and amenities. Property prices in the area are generally classified as follows:

• Mid-Range Residential Areas: In Zeytinburnu, property prices typically range from 8,000 to 12,000 Turkish Lira per square meter. These areas are favored due to their proximity to public transport lines and urban amenities. Neighborhoods like Zeytinburnu Merkez and Kazlıçeşme are among those suitable for property purchases.

• Luxury Areas and New Apartments: In neighborhoods like Cevizlibağ and Süleymaniye, prices are significantly higher, starting from 15,000 Lira per square meter. These areas have gained more appeal due to renovation projects and new residential towers.

Property Price Comparison: Zeytinburnu and Neighboring Areas

As a central district, Zeytinburnu has property price differences when compared to its surrounding areas, as outlined below:

• Avcılar: Located to the west of Zeytinburnu, Avcılar generally has lower property prices due to its green spaces and quieter residential environment. The price per square meter in Avcılar typically ranges from 6,000 to 10,000 Lira, making it a more economical option for buyers.

• Beylikdüzü: Situated south of Zeytinburnu, Beylikdüzü has slightly lower property prices compared to Zeytinburnu due to new residential projects. Prices usually range from 7,000 to 11,000 Lira per square meter. However, the area’s green spaces and tranquility make it attractive to many families.

• Fatih: While Fatih is historically and culturally significant, property prices are generally similar to or slightly higher than Zeytinburnu. The price per square meter in Fatih typically ranges from 10,000 to 18,000 Lira due to its historical attractions and proximity to commercial areas.

• Küçükçekmece: Located to the northwest of Zeytinburnu, Küçükçekmece has lower property prices, ranging from 7,000 to 10,000 Lira per square meter, due to the ongoing development of residential projects and its access to Küçükçekmece Lake. Küçükçekmece is known as an affordable option for property buyers.

In general, the cost of properties in Zeytinburnu is higher compared to some surrounding areas, but given its central location and proximity to public transport and amenities, there are still various affordable options for both buying and renting.

Advantages of Buying Property in Zeytinburnu, Price Growth, and Future Predictions

Advantages of Buying Property in Zeytinburnu: Zeytinburnu has become an attractive area for property purchases due to its excellent location and easy access to various parts of Istanbul. The district offers direct access to transport networks, particularly metro and bus stations.

Price Growth in Recent Years: Property prices in Zeytinburnu have increased significantly in recent years. On average, prices have risen by 8 to 12% annually over the past five years. For example, in 2019, the price per square meter was around 4,000 to 5,000 Lira, while in 2023, it had increased to 7,000 to 9,000 Lira per square meter, reflecting a growth of approximately 50-80%.

Future Price Predictions: Market experts predict that the price growth in Zeytinburnu will continue. Due to high demand for properties, new construction projects, and improved access via metro and highways, prices are expected to increase by another 10 to 15% over the next few years. Additionally, the development of commercial and residential areas in Zeytinburnu is likely to have a positive impact on price growth.

Investment Opportunities: Given the steady growth and high demand for property, buying in Zeytinburnu is considered an excellent long-term investment. Many real estate experts believe that Zeytinburnu will become one of Istanbul's most sought-after districts for investment.

Amenities and Infrastructure in Zeytinburnu

Due to its strategic location, Zeytinburnu benefits from excellent infrastructure and amenities that make it a desirable place to live and invest in.

• Public Transport: Zeytinburnu has excellent access to public transport, including metro stations like Zeytinburnu Metro Station and Kazlıçeşme Metro Station. The district also has ferry stations, allowing quick travel to different parts of Istanbul by sea. The area also benefits from multiple bus lines and easy access to highways.

• Educational and Cultural Facilities: Zeytinburnu is home to several reputable schools and universities, such as Istanbul University and Zeytinburnu University. The district also offers numerous cultural and art centers, including the Zeytinburnu Museum and Istanbul Art Gallery. The district hosts several theaters and concert venues, contributing to its vibrant cultural scene.

• Shopping and Commercial Centers: Zeytinburnu has several shopping malls, such as Mall of Istanbul and Zeytinburnu Shopping Mall, offering a range of retail stores, restaurants, cafes, and entertainment options. The area also has an abundant supply of grocery stores, markets, and other commercial services that meet the needs of residents.

• Healthcare Facilities: The district is equipped with several hospitals and health centers, including Zeytinburnu Hospital and Private Zeytinburnu Health Center. These health services ensure that the residents of the area have easy access to healthcare.

• Green Spaces and Recreation: Zeytinburnu is home to numerous parks and green spaces, such as Yedpa Park and Zeytinburnu Coastal Park, where people can relax, exercise, and enjoy nature. The district also offers walking and cycling paths along the coastline for recreational activities.

• Restaurants and Cafes: Zeytinburnu is one of the main entertainment hubs in Istanbul due to its diverse restaurants and cafes. Restaurants offering a variety of international and Turkish cuisines, including Zeytinburnu Restaurant and local cafes, are popular spots for friendly and family gatherings. The area also has famous fast food chains and modern cafes that host many customers daily.

Summary

Buying property in Zeytinburnu is a suitable option for investors and those looking to purchase real estate in Istanbul, due to its strategic location and significant growth in recent years. Access to public transportation, amenities, green spaces, and commercial centers are some of the main reasons for the area's appeal. It is expected that property prices in Zeytinburnu will continue to rise in the coming years. However, this area is also very suitable for living in terms of healthcare, education, and recreational facilities. Overall, purchasing property in Zeytinburnu appears to be an excellent choice as a long-term and secure investment.

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