Sancaktepe

OVERVIEW

REAL ESTATE MARKET

TYPES OF HOUSING

TRANSPORTATION

EDUCATION

SOCIAL AND CULTURAL FACILITIES

COST OF LIVING

IN A NUTSHELL:

• Sancaktepe is a district located on the Asian side.
• In recent years, there has been a rapid growth in this district, as in various parts of the Asian side.
• The neighborhood is mainly inhabited by families and middle-class people.
• In Sancaktepe, there are generally independent apartment buildings and sites suitable for city life. 
• There are many educational, health, entertainment and transportation alternatives in the district.

Here are some of the prominent attractions of Sancaktepe:

Rings Shopping Mall: Rings Shopping Mall is an ideal place for shopping and entertainment, with more than 450 shops and restaurants. The mall also has many entertainment facilities such as a cinema, bowling alley and children's playground.

Safa Hill: You can visit Safa Hill and enjoy a unique view of Istanbul. You can also take a walk, have a picnic or ride a bike in the park at the foot of the hill.

Aydos Forest Lake: Aydos Forest Lake is one of the most popular recreation areas in Sancaktepe. You can hike, picnic or fish around the lake. You can also take boat tours on the lake.

Sancaktepe Forest Park: In Sancaktepe Forest Park, you can take a walk, have a picnic, ride a bike or spend time in touch with nature. The park also has a pond, a zoo and a children's playground.

Sancaktepe has become a rapidly developing and changing district in recent years. The district offers many options to its visitors with its natural beauties, historical buildings and shopping centers.

Transportation

Transportation to Sancaktepe is quite easy and there are various transportation options. First of all, it is quite common to reach Sancaktepe by bus. The city bus lines allow you to reach different parts of the district quickly and cost-effectively. In addition, minibus lines that provide transportation to Kadıköy, Üsküdar and other important districts of Istanbul also pass through Sancaktepe. Furthermore, if you prefer to travel by car, you can easily reach the TEM highway and use these roads to access the inner and outer city areas. The metro line that will serve Sancaktepe is expected to open in 2024. 

Education

Sancaktepe has many educational institutions that cater to students of all ages. The schools in the district offer quality education opportunities to students and offer a wide range of curricula and programs suitable for students' interests. There are many school options from primary school to high school and there are many alternatives to meet all kinds of learning needs, including private schools. Since there are many educational institutions, students who want to study in Sancaktepe can find an educational institution that suits their needs and preferences.

Social and Cultural Facilities

Located on the Anatolian side of Istanbul, Sancaktepe is a rapidly developing and modernizing district in recent years. The district has various social and cultural facilities that both residents and visitors can benefit from.

Damatris Palace is a fascinating place with its historical and aesthetic value. You can take a walk in the palace's magnificent gardens or explore the architectural beauty of the historic building.

Atatürk Park is also an excellent option for those who want to spend time in touch with nature. The park attracts families and sports enthusiasts with its green areas, sports fields and children's playgrounds.

Çamsan Park Shopping Center offers a pleasant shopping and entertainment experience with its shops, restaurants and cinemas.

Cost of Living

Sancaktepe is a district on the Asian side of Istanbul. It is a relatively affordable place to live, with the average monthly cost of living for a single person being more ideal than in many parts of Istanbul. Accommodation costs are also relatively low compared to the districts in the city center.

Overall Sancaktepe is a relatively affordable place to live, especially when compared to other districts in Istanbul. However, it is important to note that the cost of living can vary depending on your lifestyle and individual needs.

Overview

Sancaktepe is a district on the Asian side of Istanbul, which gained district status in 2008. It borders Kartal to the south, Maltepe to the southwest, Ataşehir and Ümraniye to the west, Çekmeköy to the north, Pendik and Sultanbeyli to the east. Sancaktepe is a rapidly developing and growing district. The population of the district exceeded 500,000 as of 2023. Sancaktepe is an important center for industry, trade and housing.

Sancaktepe is an attractive option for those who want to live in Istanbul. The district is in a very advantageous location in terms of transportation, education, health, green areas and social facilities.

Some of the central neighborhoods of Sancaktepe are Atatürk, Abdurrahmangazi, Fatih, Emek and Osmangazi.

Real Estate Market

Housing and rental prices

In the Sancaktepe housing market, house prices for sale rose by 4.43% last month. The average price per square meter of a house in the Sancaktepe district is 21,971 TL, and the return period is calculated to be 14 years.

As per the 2023 real estate index and regional report, the average price of a 100 square meter house bought in Sancaktepe real estate district fell between 1,647,795 TL and 2,746,300 TL.

For Sancaktepe rental property options, the average price for a 100 square meter place was 13,055 TL.

What has been the district property price trend in recent years? What are the predictions for the future of this trend?

By the end of 2022, house prices for sale in Sancaktepe rose by 86.38% compared to the previous year, surpassing the average rate of increase in Istanbul of 76.19%.

Rental housing prices in Sancaktepe are also increasing due to rising demand in the area and limited supply.

Real estate prices in Sancaktepe are anticipated to continue rising in the future. If this trend persists, the district is anticipated to become more appealing in regard to real estate investment.

Which are the most popular and valuable areas in the district?

There are many popular areas in Sancaktepe. Veysel Karani Neighborhood offers a lively life with shopping centers and entertainment venues such as Rings Shopping Mall. Eyüp Sultan Neighborhood has a calm atmosphere with its historical Damatris Palace and natural beauties. Osmangazi Neighborhood is the most populous neighborhood of Sancaktepe with a population of over 44 thousand. 

Types of Housing

If you are looking for real estate in Sancaktepe, you can easily find alternatives that suit your needs from the options below. 

Apartment Units: In Sancaktepe, you can find independent apartments as well as numerous apartment buildings in gated communities. In addition to modern 1+1 concept alternatives, spacious apartments such as 4+1 are also popular choices. 

Detached Houses: Detached houses also stand out among Sancaktepe real estate. In addition, Sancaktepe villa alternatives are among the remarkable structures of the region.