The prices in branded housing projects produced in Istanbul have gone down in many regions in the last six months. Why are house prices falling for sale? List of districts with the highest drop in housing prices in Istanbul.
In the last six months, the biggest decrease in Istanbul was observed in Fikirtepe with 3.8 percent. Kartal – Maltepe, Istinye – Tarabya, Kadikoy – Goztepe, Seyrantepe – Maslak, Ataköy – Zeytinburnu on the coastal axis of the projects drew attention to the decline in prices.
The prices in branded housing projects produced in Istanbul have gone down in many regions in the last six months. Why are house prices falling for sale? List of districts with the highest drop in housing prices in Istanbul. Besides, property for sale in Istanbul decrease day by day because it is campaign and advantage for wanting owner house.
The fall in prices, the high housing loan interest rates and the period of return of investment in housing demand in addition to the observed slowdown, as well as the concentration of stock in certain regions are said to be effective.
According to the mark Branded Housing Market at a Glance ”report 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 on the European side and 4.2 percent on the Anatolian side.
However, prices have declined in many regions in the last six months. In this period, the average price increase fell to 1.5 percent in the European side and 0.1 percent to the Anatolian side.
Istinye – Tarabya; in the six-month period, the region with the most decreasing value was Fikirtepe with 3.8 percent.
The region with the highest increase was the Mahmutbey-GOP TEM axis with 5.4 percent in the 6-month period and Sancaktepe-Sultanbeyli-Samandıra region with an annual increase of 9.8 percent.
Housing prices most falling districts:
Real estate crisis in Bağdat Street: Housing investment stopped!
The length of the return period is one of the most critical elements considered in investments, Rapor the report said. While the increase in the regions with shorter return times is above the Istanbul average, it is observed that the prices in the regions with longer turnaround times are below the average and tending to decrease.
According to the report, the average return on housing investments in İstanbul is 25.8 years. This period is 35.3 years in Kadıköy – Bağdat Caddesi – Göztepe – Kozyatağı region and 35.1 years on Mecidiyeköy – Büyükdere axis.
Fikirtepe 32.6 years, Ataköy – Zeytinburnu coast axis 30.8 years, Istinye – Tarabya region with 30.5 years is measured as the longest return period.
The regions where the return on investment is the shortest are 20.3 years for Esenyurt – Beylikdüzü, 21.2 years for Kağıthane and 21.9 years for Bomonti. Esenyurt-Beylikdüzü are very important town in Istanbul. Especially, Beylikdüzü is new are and investment area. Therefore, If someone buy property for sale in Beylikdüzü, he or she can gain lots of money.
According to the report; It is seen that the price increases of the surplus areas limit the price increases even in the developing regions. Price increases in the high-value residential areas were limited or decreased.
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