3 districts in Istanbul achieve the highest investment value for real estate in them
2022-07-06
6,891 Views
Besiktas, Sariyer, and Kadikoy districts in Istanbul are the most valuable
While the increase in apartment prices continues in Turkey in general and in Istanbul in particular, which ranks first in terms of real estate activity in the country, it arouses everyone's curiosity to know which areas have increased in real estate value and which are the highest investment value.
According to statistics conducted by the Endeksa real estate appraisal website in May of this year, which showed the ten most valuable investment areas in Istanbul, Besiktas, Sariyer, and Kadikoy were the valuable areas in Istanbul.
According to the announced data, Besiktas, Sariyer, and Kadikoy emerged as areas where the average selling price per square meter reached the highest value, as the average price per square meter of apartments in Besiktas became 50,838 TL, and thus the average price of the apartment reached 7,778,214 TL.
While the average price per square meter for apartments in Sariyer, which ranks second after Besiktas, was 49,018 TL, bringing the average apartment price to 7,401,718 TL.
Kadikoy came in third place, as the prices of apartments in it increased by 186% from last year, and the average price per square meter of apartments became 35,483 TL, and therefore the average price of the apartment reached 4,754,722 TL.
The following table shows the top ten areas in Istanbul by real estate investment value, according to Endeksa real estate website data:
Sales values in ten regions with the highest investment value in Istanbul
|
||||||
Area name
|
Average price per square meter for May 2022 (TL/m2)
|
Average apartment price for May 2022 (TL)
|
Annual increase percentage (%)
|
Average investment life of the apartment (years)
|
Marketing period (day)
|
Amount of real estate inventory (apartments)
|
50.838
|
7.778.214
|
188,64
|
29
|
74
|
6,518
|
|
49.018
|
7.401.718
|
184,41
|
26
|
70
|
11,677
|
|
35.483
|
4.754.722
|
186,11
|
32
|
60
|
20,267
|
|
Bakırkoy
|
34.289
|
4.903.327
|
172,09
|
30
|
74
|
6,275
|
29.404
|
6.468.880
|
146
|
36
|
84
|
2,023
|
|
26.656
|
3.065.440
|
259,39
|
16
|
69
|
8,531
|
|
Adalar
|
26.270
|
3.598.990
|
133,18
|
18
|
93
|
488
|
Beyoğlu
|
22.143
|
2.236.443
|
231,93
|
13
|
71
|
2,880
|
Ataşehir
|
21,616
|
2.464.224
|
267,87
|
19
|
61
|
5,933
|
Üsküdar
|
21,489
|
2.621.658
|
244,93
|
25
|
64
|
8,452
|
More From Imtilak
Investment & Real Estate Ownership in Turkey
A presidential decision excluding lands from real estate eligible for Turkish citizenship
Investment & Real Estate Ownership in Turkey
Learn statistics for the year 2022 of real estate sales for foreigners in Turkey
Investment & Real Estate Ownership in Turkey
Istanbul surpasses 150 cities around the world by increasing the investment value of its properties