Located on a side street a few steps away from the crowds is Balkon Residences. Housed in a tall and narrow building that dates back to the late 1800s, it has received a complete facelift and has been welcoming guests since 2011. It offers five very spacious units that are more like apartments than hotel rooms, with generously sized separate living rooms, very large kitchens, and even proper laundry facilities. The bigger units even have a dishwasher, making them ideal for long-term stays.

The rooms are decorated in a classic and elegant style befitting the historical building, with modern touches for convenience. All are spacious, yet also warm and inviting. But the real show-stopper is Flat 5 on the top floor, which has an incredible view of Beyoğlu and the Bosphorus and a massive terrace – a perfect place to invite all of your friends. Decorated in shades of aqua blue and white, with an open-plan kitchen and a bathtub in the middle of the bedroom, this suite could make anyone consider relocating to Istanbul.

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