Housing Prices Tend To Fall İn Many Regions!

In branded housing projects produced in Istanbul, prices have tended to fall in many regions in the last six months.

The biggest decrease in the said period was observed at Fikirtepe with 3.8 percent; Kartal-Maltepe, İstinye-Tarabya, Kadıköy-Göztepe, Seyrantepe-Maslak, Ataköy-Zeytinburnu conspired in the decline in the prices of the projects located on the coastal axis.

In addition to the decline in prices, declining housing demand due to the high housing loan interest rates and the prolonged return on investment, it is said that stock accumulation concentrated in certain regions.

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According to a report titled "Housing Markets at a Glance" published by TSKB Real Estate Appraisal, the average annual price increase in branded houses in Istanbul was 4.5 percent. This rate was 4.7 percent in Europe and 4.2 percent in Anatolia.

However, prices have tended to fall in many regions over the past six months. In the said period, the average price increase was 1.5 percent in Europe and 0.1 percent in Anatolia.

The Largest Decrease

Istinye-Tarabya with 4.8 percent in the region with the highest decline in value on an annual basis; The most decreasing region in the six-month period was Fikirtepe with 3.8 percent. The region with the highest increase was Mahmutbey-GOP TEM axis with 5.4 percent in the 6-month period, and Sancaktepe-Sultanbeyli-Samandıra region with an increase of 9.8 percent in annual terms.

Looking at the six-month change in prices, the greatest decline in value was observed at Fikirtepe with 3.8 percent; Kadinoy-Bağdat Street-Göztepe-Kozyatağı with a decrease of 2.1 percent, Beykoz with a decrease of 1.9 percent, Seyrantepe-Maslak with a decrease of 1.4 percent, Ataköy-Zeytinburnu shore axis with a decrease of 0.5 percent, and 0.2 percent with a decrease of 2.7 percent, Kartal-Maltepe with a decrease of 2.7 percent, Istinye-Tarabya with a decrease of 2.5 percent, followed by Tuzla-Pendik-Kurtköy line.

 

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