Prices have fallen in the last 6 months in many brand residential projects in Istanbul. The biggest drop with 3.8 percent was in Fikirtepe; Maslak (Seyrantepe), Maltepe (Kartal), Tarabya (İstinye), Göztepe (Kadıköy), Ataköy (Zeytinburnu) the price drop on the coastal projects cautioned.
The accumulation of stocks in certain regions, the high rate of housing loan phase, the deceleration in the demand for housing was effective in the decline of prices.
According to a report titled "Housing Market with a Look at a Mark" published by TSKB Real Estate Appraisal, the annual increase in the annual average price of branded houses in Istanbul is 4.5%. This ratio was 4.7 percent for Istanbul and 4.2 percent for Anatolia.
Price Drop Rates
Prices have fallen in many regions in the last 6 months. During this period, Istanbul was down 1.5 percent in the European side and 0.1 percent in the Anatolian side.
When evaluated annually, it was Tarabya (İstinye) where the greatest decrease was in the region. (with 4.8 percent)
In the last 6 months period, the most decreasing region was Fikirtepe. (with 3.8 percent)
When evaluated as annual, Sancaktepe Samandra region was the region with the highest increase in value. (with 9.8 percent)
In the last 6 months, Mahmutbey was the region with the highest increase in value (GOP TEM axis) . (with 5.4 percent)
In the 6 month price change, the highest value decrease was observed in Fikirtepe (3.8 percent), Maltepe (percent 2.7), Tarabya (percent 2.5), Göztepe (percent 2.1), Beykoz (percent 1.9), Maslak (percent 1.4), Zeytinburnu coastal part (0.5 percent) and Tuzla-Pendik (0.2 percent).
Which zone is shorter than the return period?
At a glance in the Marked Housing Market report, "One of the most critical elements to consider in investments is the length of the return period. While the return period is shorter than the Istanbul average, it is observed that the longer return period is below the average of the prices and tends to decline" explained in the form of.
According to this report, the total turnaround time of the housing investments in Istanbul as 25.8 years is indicated as 35.3 years for Göztepe region and 35.1 years for Büyükdere i.in 35.1.
Regions with the highest recycling rate of investments are Fikirtepe with 32.6 years, coastal part of Zeytinburnu with 30.8 years, Istinye Tarabya with 30.5 years.
Regions with the least recycling rate of investments are Esenyurt with 20.3 years, Kağıthane with 21.2 years, Bomonti with 21.9 years.