Istanbul real estate prices rise rates
Last Updated: 2023-08-29
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Istanbul real estate prices rise rates
Every year that goes by, there is a lot of variation in real estate prices. The year that is going on is different from the one that preceded it and different from the one that follows. In many questions, it became clear that the predominant question is "what are the rates of increase in real estate prices in Istanbul". In the following article, we will see the rise in real estate in Istanbul.
What are the most expensive areas in Istanbul with real estate prices in 2020?
It is certain that a huge city such as Istanbul in Turkey will have different real estate prices as well. It is certain that not all areas have a uniform price. First if all, we have Beykoz area, this area got number one among all other areas. This area was the first in increasing the prices of real estate in its properties, and this increase amounted to approximately 117%. In second place, we have the Sariyer area, where real estate prices have increased by about 112% than they were previously. As for the third place, we had the Avcilar area, where real estate prices increased by about 99%. And if you wonder about the area that occupied the fourth area, you will find the Basaksehir area, where real estate prices have increased by nearly 77%. Finally, that is, in the fifth region, the Uskudar region with an increase of about seventy-five percent, 75% if we compare it with previous years.
What is the real estate situation in terms of prices for the year 2021?
Also in the current year, that is, in the year 2021, real estate prices in Turkey have also increased. The first place was also won by the Beykoz region, where real estate prices increased by about 12% over the year, and if you asked about the price per square meter of real estate in that region, it is about 12 thousand Turkish liras, and this is considered a high price. As for the second place, we have the Beyoglu district with a rate of 11%, and the price per square meter in that area amounted to 7.6 thousand Turkish liras. And in third place we have the Arnavutkoy area with a rate of 10% and the price per square meter in it recorded 3.7 thousand Turkish liras. And the fourth place was in the Sile region, where real estate prices increased by 9% than they were previously, and the price per square meter in it amounted to 5.5 thousand Turkish liras.
What is the status of rental prices in Turkey?
Also, real estate rents in Turkey have a special situation, which rises sometimes and decreases at other times. There are many studies conducted on this subject by competent authorities, as there are also some areas where real estate prices have increased in a different way and different from other areas. In general, it becomes clear to us that rent prices in Istanbul in general have increased by ten percent.
What are the areas that topped the increase in rent prices in Istanbul?
In this matter, we have the city of Bagcilar, as it ranked first, with an increase of nearly 12%, and the price of one square meter is 28 Turkish lira per month. And if you wonder about the second place, you will find the Gazi Osman Pasha area, the increase in it was about 11%, and the average rent price per square meter is about twenty Turkish liras. As for the third place, we had the Sultan Eyup region, where it witnessed 10% and the average rent price per square meter is about 32 Turkish lira per month. And all these increases are considered high if we compare them with previous years.
Have all areas of Istanbul recorded an increase in the price of rents?
It is certain that not all areas in Istanbul have recorded an increase in rental prices. Just as there is an increase in rent prices in some areas, there are also some other areas that have recorded a decrease, such as Zeytinburnu, Sariyer, Kucukcekmece, Sultanbeyli and Çekmeceköy.
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Editing by Mersat Real Estate Team©
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real estate price | Real estate prices in Istanbul | Rates of price increases | Buying a property in Turkey
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