By. Justin Mays
Anyone wanting a waterfront lifestyle, while staying central, with the potential for sizeable returns when buying investment property in Istanbul would do well to look in Zeytinburnu. At the heart of Istanbul on the Marmara Sea, Zeytinburnu is rapidly transforming and reinventing itself from an industrial working-class neighborhood to one with modern shorefront properties adjacent to ancient city walls and fortresses and smart shopping malls. The real estate value of the districts of Zeytinburnu have been going up due to the multiple new residential seaside projects and the attractive lifestyle they offer making this a top spot for Istanbul real estate investment. The new projects are modern and have communal facilities like swimming pools, gyms and shared gardens and playgrounds. Ample parking and security round out some of the benefits in these high-quality residential complexes.
As Istanbul officials redistricted commercial space and factories to the outskirts of the city center, space was freed up in Zeytinburnu revamping the area with luxury developments where commercial real estate and factories once existed. Due to the competitive short term returns on investment when compared to other districts investors have run to buy here. The neighborhood is a good mix of foreigners seeking Turkish citizenship by buying property and locals. New people moving in are contributing to the neighborhood transformation bringing new potential and life to this former commercial zone. To integrate the district with the rest of Istanbul public money has improved transportation options with trams and metro lines with proximity to the intercity bus station and ferry terminals taking you to Bursa and Yalova a bonus. The Eurasia car Tunnel links this area with a quick drive to the Asian side. Other important projects have improved the transportation, life quality and the social and economic potential of the district like the rejuvenation of the coastal area with walking and biking tracks and the renovation of its numerous historical sites. In fast developing Zeytinburnu, five-star hotels, entertainment options, shopping malls, and restaurants, excellent schools and great health facilities are also never far away.