Real Estate For Istanbul

In this period when housing prices are rising considerably, the real estate market for Istanbul is more active than in other parts of Turkey. The increase in foreign exchange, the effects of the Covid 19 pandemic and the economic crisis experienced all over the world have also reflected on real estate prices in Turkey. In Istanbul, which is the most populous city of our country, the increase in population caused all trade, business and industrial areas to be gathered in this city due to reasons such as the restriction of living spaces. When the transportation network was added to this in new projects, the real estate sector in Istanbul grew day by day. Especially with the development of technology, the changes made by using safer and higher quality materials in new buildings, making the houses built in the last 10 years luxurious with modern designs played a big role in the increase in housing prices. As a result, prices have increased considerably.

Istanbul Districts with the Most Ideal Housing

In small and undeveloped districts in Istanbul, which are far from the city center, housing prices start with small amounts. Real estate prices for Istanbul are quite high in more crowded districts. While it is possible to find houses at a more affordable price for apartments, low-income families and citizens on the Anatolian side, it is very difficult to buy housing for citizens who do not have a high income on the European side. On the European side, safe houses in the site are more preferred by citizens. Many ideal houses built within the scope of urban transformation project in districts such as Beylikdüzü, Esenyurt, Fatih, Gaziosmanpaşa, Ataşehir, Eyüp, Kadıköy and Sarıyer have been completed.

New Luxury Property Projects in Istanbul

In recent years, the real estate sector has been revived for Istanbul within the scope of the project. The luxury residences in the site actually provide great convenience to those who want to buy a house. Because in these projects, not only apartments for sale, but also everything that the residents need. Houses in Istanbul are generally included in these projects. The project builds a small city by including many needed activities such as shopping center, hairdresser, playground, entertainment centers, transportation, education, sports area. Therefore, the houses in these small cities are offered for sale as luxury apartments.

Projects in Istanbul and Their Effects

Most of the projects such as bridges, dams and tunnels built throughout our country are located in Istanbul. This situation further stimulates the real estate market for Istanbul. Marmaray, which facilitates and shortens transportation, 3rd bridge, highways, paved the way for the real estate around it to be more valuable. It is clear that projects such as Kanal Istanbul and 3rd Airport directly affect real estate prices. Especially the houses in the coastal areas and the regions that Bosphorus can seen are the favorite of both investors and those who want to own a house.

In this case, it keeps the real estate sector in this region very alive as in every period. However, considering the negative situations experienced in our country and in the world recently, it is a matter of curiosity in which direction it will affect the real estate market in Istanbul, which is the commercial center of Turkey.