Why these four together
Şişli, Beşiktaş, Beyoğlu and Sarıyer are four districts on Istanbul’s European side running parallel to the Bosphorus, intertwined with business centres and universities. What they share: proximity to the metro and Bosphorus transport, high tenant mobility, a large share of foreign and corporate tenants, and old apartment stock standing next to new residences. Most investment homes are concentrated along this line; tenancies are shorter and tenant turnover is frequent.
This guide gives no rent figures. Rent differs greatly between two streets in the same district, and between two buildings on the same street; a current range can only be given after seeing the property.
At a glance
The four districts’ clear differences for letting; detail in each district’s own guide:
| District | Dominant housing | Dominant tenant | Stands out in management |
|---|---|---|---|
| Şişli | Old apartments + new residences | White-collar, health and university | Old-building plumbing, new-complex dues |
| Beşiktaş | Mixed complexes and apartments | Students, executives, families | Shore–hill price gap, parking |
| Beyoğlu | Historic apartments | Foreign and creative sector, single households | Frequent turnover, title and conservation board |
| Sarıyer | Residences, shore flats, detached | Families, foreign executives, students | Dues, site management, garden and roof upkeep |
Three rules that apply in all four
- In an old building, check the title type (condominium ownership, construction servitude or shared title) and the DASK policy before letting; utility transfer and the lease depend on them.
- In a new complex, write the amount and scope of the dues into the lease; even though dues fall on the tenant, management may also pursue the owner when they are late (Law No. 634, Art. 22).
- Where tenant turnover is frequent, the move-in and move-out inventory is redone every time; it is the only basis for a deposit set-off.
Sources
If you would like to talk to a management that knows the tenant profile and building stock of these four districts first-hand: Request a call
Related guides
This is not legal advice. The guides are for general information; legislation and amounts change. Consult a lawyer or a certified accountant for your own situation.