If you visit the website, you well know that the best city to buy a house in Turkey is definitely Istanbul. The city is considered the cultural, artistic and historical capital of turkey and it is really popular not only among the Turks themselves, but also among all the people of the world.
Statistics for 2021 indicate that foreign home purchases by immigrants have increased significantly, and of course, among all Turkish cities, the number of home purchases in Istanbul has been the highest. Istanbul is a huge city which consists of various districts. Assume the entire area of a province is completely covered by urban fabric; Istanbul is exactly the same. Therefore, buying or renting a house in such a city can be highly challenging and confusing. Today, in the article in the “Istanbul Hamrah” website, we want to introduce the Nışantaşı district; stay with us.
Geographical location of Nışantaşı district
Nışantaşı district is basically one of the “sides” of şişıi (a group of several neighborhoods together) . As we mentioned in previous articles, Istanbul consists of several cities or (ilçe) and Şişli is one of the central ilçe of Istanbul. More interestingly, the Şişli ilçe is divided into northern and southern parts by the (Kagithane) ilçe; the Nişantaşı district of Istanbul is also located in the southern part of it.
The Nişantaşi district is located in the European part of Istanbul and is bounded on the south by (Beyoğlu) , on the east by ( Beşiktaş) and on the west by the (Kagithane) ilçe. As we said, Nişantaşi is basically one of the districts of Istanbul and itself is composed of several separate neighborhoods. It is worth mentioning that knowing the geographical location of the district is greatly important to get acquainted with the condition of buying a house in Turkey.
The neighborhoods of Nişantaşi are as follows:
-Osman Bey
-Halas kargazi
-Teşvikiye
– Meşruiyet
-Maçka
-Pangalti
The distance between Nişantaşi and the famous and important areas of Istanbul is as follows:
-To Taksim square: 10 minutes
-To Beşiktaş neighborhood: 10 minutes
-To Levent neighborhood: 10 minutes
-To Kadıköy neighborhood: 25 minutes
– To Bakırköy neighborhood: 30 minutes
– To sariyer neighborhood: 30 minutes
-To the new Istanbul airport: 40 minutes
By looking at the following two maps, you can see the geographical location of Nişantaşi district:
Picture(1) , picture(2)
History and features of Nişantaşi district:
Let’s start the section with the root of the word (Nişantaşi). The word is composed of two word, nişan+ taşi, which can be translated as (sign stone). The reason for the naming is that during the reign of Sultan Abdul Majid in the early nineteenth century, the neighborhood was used as a venue for shooting competitions. As yet, after more than 150 years, some of these stones still exist and historical information has been recorded on them; of course, they are one of the attractions of the neighborhood.
At the start, Nişantaşı was considered one of the aristocratic districts of Istanbul due to its proximity to important Ottoman palaces, such as Dolmabahçe, Yildiz or Ihlamur. After the fall of the Ottoman Empire and the transformation of Turkey into a republic, the neighborhood retained its former nature with only a few minor changes. Today, it is similarly one of the richest and, of course, most expensive neighborhoods in Istanbul.
Istanbul’s Nişantaşi district is known as Paris, Turkey; for some reasons:
- One of the best neighborhoods in Istanbul for walking and nightlife,
- The most expensive street in Turkey, Abdi İpekçi, is located in the center of this district.
- It is full of all kinds of big and small, artistic, classic and minimal cafes and restaurants.
- It is the center of Istanbul fashion,
- Every corner is full of boutiques, mesons and luxury shopping malls,
- Many famous brands, fashion and clothing design schools are located there,
- It is the residence of nobles, and many actors and celebrities can be seen there.
- Finally, the famous chef restaurant “Nusrat” is located in the district.
Sightseeing and recreation places of Nişantaşi district
Although we operate as one of the property buying sites in Istanbul, but in the meantime, we need to introduce you each neighborhood to buy or rent a house, as well as its sights. As mentioned earlier, Nişantaşi is one of the historical and touristic districts of Istanbul, so it is natural that it has various places to see.
Among the most famous sights of the Nişantaşi district of Istanbul, the following can be mentioned:
- Ihlamore Palace
One of the most beautiful sights of Nişantaşi district is Ihlamore Palace. The palace was built in 1850 by order of Sultan Abdul Majid and was used as a summer residence. The palace is of about 25,000 meters area, and has two parts of the shrine (inside) and outside (Merasim Pavilion). The palace was converted to a museum in 1987 and opened to the public.
- Teşvikiye Mosque
Other historical sites in the Nişantaşi district is Teşvikiye Camii Mosque. This mosque has a more modern architecture than other historical mosques in Istanbul, and was built by the Balian brothers in the “Baroque” style. Today, this mosque is dedicated to holding religious ceremonies of famous people and celebrities.
- Ataturk House-Museum
As the name implies, this house was once the residence of Ataturk and today, it has been converted to a museum and is open to the public. This house was built by Ataturk himself after the Syrian war. After his death, the municipality purchased the house in 1928 and turned it into a museum.
- City’s Shopping Center
As the commercial heart of the Nişantaşi region and one of the largest and most luxurious shopping malls in Turkey, we can mention the City’s Shopping Center. This large shopping center, which has an area of 52,000 square meters and more than 150 different stores of the most famous brands, is located in the Teşvikiye neighborhood.
- Istanbul cable car
One of Istanbul’s most popular attractions in the Nişantaşi district is the Istanbul Cable Car. The cable car is about 400 meters long and was founded in 2005 by an Italian company. This spectacular attraction starts from the beginning of the “Golden Horn” beach and continues to the top of “Pir Loti” hill. It is worth mentioning that this hill is known as the hill of lovers and many tourists visit it every year.
Business, and education in Nişantaşi district
As mentioned earlier, Nişantaşi district is one of the commercial hubs of Istanbul and therefore, it can be a really ideal choice for starting a business in Turkey. Nişantaşi more than anything else, is known for its fashion fever; in other words, the neighborhood is considered as the heart of Turkish fashion. Most of world famous brands, such as Louis Vuitton, Gucci, Prada, Burberry, Chanel, etc. are all located in this region. Nişantaşi district is full of famous luxury masons and tailors. It is safe to say that most of the famous designers, tailors and clothing manufacturers all live and work in this area. It is the center of not only clothing, but also perfumes, bags and shoes, accessories and jewelry. Therefore, for those who are interested in this area, Nişantaşi district can be an exceptional destination. The district is highly recommended not only for these businesses, but also for registering a company in Turkey.
It is worth noting that one of the best universities in Turkey, namely Nişantaşi University, is also located in this district. Therefore, it can be considered as one of the best centers for studying in Turkey. In addition to this university, some fashion schools and fashion colleges, whether Turkish, French or English, are also located in the area. The most famous French fashion school, IFA, is located in the south of Nişantaşi.
Buying and renting a house in Nişantaşi district
Certainly, buying a house in Turkey is a way to obtain residency or citizenship and a passport of this lovely country. In the article, we tried to bring you a good view for renting or buying a property by introducing Nişantaşi district. Buying a home in the country can provide many benefits, including obtaining a residence permit, but it must also add to the list of freedoms, welfare and security. Inexpensive property, however, is probably the most important reason to buy a house in the country.
The price of a house in Istanbul’s Nişantaşi district is as follows:
- Buying a house in Nişantaşi district
As we mentioned during the article, Nişantaşi is one of the luxury neighborhoods of Istanbul; so it is natural that the price of the property in it is higher.
- In general, the average property price in the Nişantaşi district is about 15,000 lira.
- To buy a 100-meter, one-bedroom unit, you need a budget of 1,500,000 lira.
- Instead, in the surrounding areas, such as Şişli, you can buy a house for half that price, about 7,000 lira per square meter.
- By opening an account in Turkey and transferring money to this account, you can buy a property in the district.
- Renting a house Nişantaşi district
As you know, renting a house to obtain a residency in Turkey is also possible. Which place is better to rent a house than in the Nişantaşi district? The price of renting a house in the district is naturally varied according to the quality of the building, its area and its age.
The average rental price in Nişantaşi is as follows:
| Features and type of house | Monthly amount |
| Average rent | About 2000 lira |
| One bedroom apartment, furnished, with parking | About 3700 lira |
| Two-bedroom apartment, typical | About 3300 lira |
| Two bedroom apartment, luxury | About 4100 lira |
| Basement apartment, furnished | About 1850 lira |
FAQ
- What are the features of Nişantaşi district?
The district is one of the most luxurious areas of Istanbul and is considered by many to be the heart of Istanbul fashion. That’s why it’s so popular.
- What is the average property price in Nişantaşi district?
Prices for buying property in the district start from 15,000 lira per square meter. The average rental price starts from 2000 lira and continues up to 5000 lira.
- What are the sights of Nişantaşi area?
Ihlamur Palace, Teşvikiye Mosque, Istanbul Cable Car, City’s Shopping Center, Ataturk House, etc. are all located in the district.
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