Swallow of the City Residential Complex in the European Part of Istanbul: The Best Medium-Budget Investment Option

Medium-priced real estate enjoys consistently high popularity among buyers and investors. The main reason for this is quite understandable: this type of investment can be made with a significantly reduced initial amount while still maintaining high investment attractiveness of the property. This is completely applicable to the dynamically developing real estate market in Istanbul. However, if you try to find a suitable option within the price range of “up to USD 100,000”, get ready for disappointment.

There are very few interesting options on the market, and almost every one of the available ones requires a whole range of compromises, some of which are quite significant. In the end, even the comparatively low prices of the properties do not allow you to completely ignore those compromises. However, there are some pleasant exceptions to every rule, albeit very few in some cases. One of such welcome exceptions is the new residential complex Swallow of the City, located in the European part of Istanbul.

What has allowed the developer of the Swallow of the City complex to reduce the final prices so much? Did they have to give up convenience, comfort, safety, reliability while designing and building the Swallow of the City residential complex? We can certainly assure you that this did not happen. No cutting costs, explicit or hidden, has taken place. Swallow of the City apartments are a no-compromise real estate option, but they just cost less than the competitors’ offers.

Your first way to save money is connected with the status of completion of the construction project. Real estate that is still being built is always cheaper. It should be noted that currently the degree of completion of Swallow of the City is 5%, but the contractors promise to complete all the works in 2024. 

Secondly, there are no multi-room apartments in the Swallow of the City complex. For this reason, the residences here are not suitable for large families, but will be quite all right for single people or young families.

Thirdly, in the Swallow of the City complex the developer has decided to abandon some status elements that do not have any significant impact on the consumer properties of apartments. For real estate in a higher price range, this would be undesirable, but for more affordable budget property this approach is not only appropriate, but also quite wise. And once again, there is certainly no trying to save money on quality!

We have put together a concise guide to Buying Property in Turkey, which has all the necessary information on administrative and financial sides of this type of investment.

Medium-priced real estate enjoys consistently high popularity among buyers and investors. The main reason for this is quite understandable: this type of investment can be made with a significantly reduced initial amount while still maintaining high investment attractiveness of the property. This is completely applicable to the dynamically developing real estate market in Istanbul. However, if you try to find a suitable option within the price range of “up to USD 100,000”, get ready for disappointment.

There are very few interesting options on the market, and almost every one of the available ones requires a whole range of compromises, some of which are quite significant. In the end, even the comparatively low prices of the properties do not allow you to completely ignore those compromises. However, there are some pleasant exceptions to every rule, albeit very few in some cases. One of such welcome exceptions is the new residential complex Swallow of the City, located in the European part of Istanbul.

What has allowed the developer of the Swallow of the City complex to reduce the final prices so much? Did they have to give up convenience, comfort, safety, reliability while designing and building the Swallow of the City residential complex? We can certainly assure you that this did not happen. No cutting costs, explicit or hidden, has taken place. Swallow of the City apartments are a no-compromise real estate option, but they just cost less than the competitors’ offers.

Your first way to save money is connected with the status of completion of the construction project. Real estate that is still being built is always cheaper. It should be noted that currently the degree of completion of Swallow of the City is 5%, but the contractors promise to complete all the works in 2024. 

Secondly, there are no multi-room apartments in the Swallow of the City complex. For this reason, the residences here are not suitable for large families, but will be quite all right for single people or young families.

Thirdly, in the Swallow of the City complex the developer has decided to abandon some status elements that do not have any significant impact on the consumer properties of apartments. For real estate in a higher price range, this would be undesirable, but for more affordable budget property this approach is not only appropriate, but also quite wise. And once again, there is certainly no trying to save money on quality!

We have put together a concise guide to Buying Property in Turkey, which has all the necessary information on administrative and financial sides of this type of investment.

Swallow of the City: Key Features

The choice of inexpensive housing involves some compromises, but in the case of Swallow of the City, they will not be numerous or in any way significant. The property is a great example of how giving up some options allows one to offer buyers and investors exactly the property they are looking for.

Some Features of the Swallow of the City Complex:

• Geographical position: west side of Istanbul, Esenler district.
• Property type: apartments.
• Distance to the airport: a 36-minute drive. The most preferable choice that allows you not to endure the constant noise of planes taking off while retaining the option of a comfortably short transfer from the airport by car.
• Distance to the beach: a 12-minute drive. It may seem a lot, but in fact, the 1-kilometer distance is quite good, especially considering the prices for apartments in the Swallow of the City complex.
• Travel time to the center of Istanbul: 34 minutes. If you do not want to be in the middle of crowds of tourists, but still aren’t ready to live on the outskirts, far away from all the pleasures of a city, you will really enjoy the location of Swallow of the City.
• Commissioning of the finished facility: 2024.
• Total area of apartments: from 65 m² to 70 m², 1 bathroom.
• Total number of apartments: 240 (3 blocks).

We’d like to say a few words about the design of apartments. There is no hint of any cutting corners there as well. The rooms are well-lit, and the color scheme of the interiors includes the shades of white, ivory, and light brown. Apartments in the Swallow of the City complex are flooded with light and filled with lightness; they create a unique atmosphere of coziness and comfort.

The apartments do not even come close to giving you the feeling that you have only invested in a 1-room apartment because of its attractive price. In addition to their welcoming design, the apartments turn out to be not so small in terms of the total area after all: indeed, some 3-room apartments in the market have a smaller area. And the standards of housing quality that the developer adheres to are quite high, which certainly makes Swallow of the City a pleasing and effective investment.

Can we say that Swallow of the City apartments are luxurious? Probably not. The word “comfortable” will be just right though. Designers had one clear objective in mind – to offer the owners and investors a piece of property with a comparatively low minimum investment rate, but without any notable simplifications or compromises. And we must say that this objective was met by 100%.

The level of technical equipment of the residences is also quite decent. A premium-class stove with an efficient and quiet exhaust fan, a walk-in shower, a large LCD TV, a large built-in refrigerator, and a number of lights and lamps neatly integrated into the interior. The furniture is also on a respectable level – there are some soft chairs and a coffee table. The kitchen is equipped with everything necessary for comfortable living.

Swallow of the City Complex, Security Features:

• A custom designed steel door with increased burglary resistance and two lock systems of different types;
• Automatic fire extinguishing system, fitted with several fire and smoke detectors. The latter are so neatly integrated into the interiors that a few days after moving in you will completely stop noticing them;
• Surveillance cameras around the perimeter of the Swallow of the City complex;
• Round-the-clock security guards, “invisible” to residents, but practically impenetrable to third parties;
• Video intercoms in all apartments.

Swallow of the City Complex, Some Technical Features:

• A system that supports consistently high water pressure + a water tank;
• Supply of gas and hot water is carried out centrally, but through separate lines;
• A separate emergency electric power generator.

The residents of the apartments have access to a round-the-clock technical support service, so any issues related to the functioning of the complex’s household systems can be resolved very quickly. At this point, do you still think that Swallow of the City makes an impression of an inexpensive, “budget” property complex? It certainly is with regard to the price, but if you take into account all the other features, the apartments are certainly targeted for the middle class and have quite a few elements typical of the luxury segment.

Swallow of the City, Additional Features:

• Its own guarded parking;
• Quiet high-capacity lifts;
• Its own fitness center;
• A well-equipped modern playground;
• A cozy shady garden with walking paths.

All the above-mentioned features and factors make for the high investment appeal of apartments in the Swallow of the City complex and provide for a very decent standard of living of their owners. We all know that this combination is extremely rare, and is almost never found in the medium pricing segment.

You can read more about great investment opportunities in Turkish real estate here. There are also attractive offers for foreign investors in other Turkish regions: land plots in the coastal Alanya, comfortable offices or villas in Antalya,  top-quality residential property in Bodrum, and many more. 

Buying real estate abroad is often connected with the investor’s ambition to get permanent residence in that country. If you are interested in getting the right to reside in Turkey, we encourage you to read about the new permanent residence rules in 2022 here or contact our experts with any questions on the matter.

Description of the District

Esenler is not the most interesting place for connoisseurs of antiquity. There are some historical monuments here, but some of them may not be striking in scale. However, this does not mean that there are no places of interest in Esenler. They are there, and a visitor may discover many of them during long walks along the area. So, you can get ready to get to know Esenler gradually, and it may take some patience and caring observation.

Attractions within a Short Distance from the Swallow of the City Complex:

• Basilica Cistern. The amazing underground palace that doubles as a medieval reservoir. A favorite place to visit for tourists who are interested in mysterious ancient sites;
• Hagia Sophia. One of the oldest and most impressive buildings in Istanbul, carefully preserved to this day. The building is now used as a mosque;
• Istiklal Avenue. Istanbul’s Independence Street, filled with little restaurants, cozy cafes, small stores and big shopping centers;
• Galata Tower. The unique tower that dates back to the 6^th century A.D. When visiting it, you feel like you have traveled 15 centuries back. Its only drawback is the huge tourist traffic;
• Grand Bazaar. A classic Turkish mall with all the unique features of an Oriental bazaar;
• Taksim Square. The center of modern Istanbul, a real must-see for a tourist’s first visit to the city;
• Istanbul Archaeological Museum. If you would like to explore what Istanbul was like in ancient times, the museum gives you such an opportunity. Time seems to have stopped here, and visitors find themselves transferred to the distant past;
• Galata Bridge. An ordinary bridge, one of many in this legendary city, Galata Bridge is famous for being the best fishing spot in Istanbul;
• Golden Horn. The trademark site of Istanbul, which offers stunning city views. If you come here at sunset, you will see a different city, hidden from strangers’ eyes;
• The Museum of Innocence – yes, it turns out, it exists. Despite its provocative name, it is the brainchild of the Nobel laureate in literature Olkhan Pamuk, and is dedicated to his book.

Restaurants and Cafes We Can Recommend in the Vicinity of the Swallow of the City Complex:

• Lezginoğlu Kebap. A restaurant with Turkish cuisine, the main items on the menu are kebabs, pide, lahmacun, and various soups. Everything is really delicious!
• Jest Cafe. A good cafe, which formally belongs to the class of fast food. The choice of dishes is somewhat limited, but everything is very tasty and inexpensive, and the servings are large;
• Amanos Restaurant. An excellent restaurant for friendly gatherings or family occasions. Traditional meat dishes are especially good;
• Sultanahmet Köftecisi. A restaurant focusing on fish dishes. A real gem for lovers of seafood;
• Vitamin Bufe. A small cafe specializing in barbecued dishes, with a large selection of fruit juices. The café offers low-key relaxing atmosphere;
• Kafedo. The serving of dishes in this institution is a real hymn to good food. You will not often see so many plates, trays and dishes in one order;
• Komur Turk Mutfagi. A cafe that is somewhat reminiscent of simpler canteens, but without their usual shortcomings. May make some people nostalgic for cheap student-time catering, but without the compromises in food quality and taste that had to be made at those times;
• Tribeca. A cafe with a large selection of dishes and great views from the open-air terrace. The only downside is that it’s a little pricey;
• Orhan Inegöl Köfte. A cafe whose fame among gourmets rests upon the incomparably delicious meatballs. We must note that the rest of the dishes are no less satisfying;
• Osmanli Şark Sofrası. A very good restaurant for those who have equal appreciation for the taste of dishes, atmosphere, quality of service, and low prices.

Conclusions and Recommendations

Swallow of the City is the best example of the fact that comparatively inexpensive real estate does not have to involve a compromise in quality and comfort. We really mean that – this level of technical equipment, safety features, apartment designs, services, and living conditions is usually associated with premises of much higher classes (and prices).

Thanks to the combination of all the above-mentioned features and factors, Swallow of the City offers extremely high investment attractiveness. There are very few similar offers on the Istanbul real estate market, so the demand for apartments in Swallow of the City is expected to be quite high. But you still have time, since the deadline for completing the construction and putting the buildings into operation is scheduled for 2024.

Why should you invest in Swallow of the City apartments? If one (albeit, very large) room is enough for your needs, then the complex is certainly a great option to consider. The offer is extremely attractive from all points of view. The only type of potential buyers for whom Swallow of the City is not suitable is people with large families, which would be really cramped there. For everyone else, the premises truly have a lot to offer. The Swallow of the City Residential Complex is perfect for both living and making real estate investments in Istanbul.

Our experts will be happy to provide full legal and administrative support and help you make a profitable and satisfying investment in the amazing city of Istanbul!