Guide in Türkiye
Recently, the stagnation in the housing sector has significantly impacted prices. This slowdown in the real estate market, especially in major cities, has led to a noticeable 20-25% decrease in housing prices. Many investors and homeowners have been forced to revise their prices due to difficulties in the sales process. This situation presents significant opportunities for those planning to become homeowners and those considering investments. However, this decline in the housing sector is also linked to factors such as economic uncertainties and high-interest rates.
The recent stagnation in the housing sector has caused significant drops in property prices in some areas of Istanbul. In Bahçeşehir, the price of 2+1 apartments that were 5.5 million Turkish Liras has now dropped to approximately 4.5 million Turkish Liras. Similarly, 2+1 apartments in Beylikdüzü, which started at 3.8 million Turkish Liras, are now finding buyers around 2.8 million Turkish Liras. In Halkalı's older complexes, apartments listed at 4.8 million Turkish Liras have now dropped to around 3.8 million Turkish Liras. In the newer complexes of Halkalı, apartments that were at 12 million Turkish Liras are now selling for around 10 million Turkish Liras.
In Etiler, 2+1 apartments in older buildings have dropped from 16 million Turkish Liras to approximately 13.5 million Turkish Liras. In new projects in Etiler, the prices of 2+1 apartments have decreased from 21-22 million Turkish Liras to the range of 18-19 million Turkish Liras. In Bakırköy, the price of 2+1 apartments in older buildings has dropped from 6.5 million Turkish Liras to around 5.5 million Turkish Liras.
In Ataköy, 2+1 apartments that were 7.5 million Turkish Liras now start from 6.25 million Turkish Liras. Seafront 5+1 apartments in Ataköy, which were around 110 million Turkish Liras, have now decreased to 85 million Turkish Liras. In Nişantaşı, the price of 2+1 apartments in older buildings has dropped from 18 million Turkish Liras to 15 million Turkish Liras. In Şişli, prices for 2+1 apartments in older buildings have dropped from 11 million to between 8.5 million and 9 million Turkish Liras. In Nişantaşı, 2+1 apartments in luxury projects, which were 50 million Turkish Liras, are now available for around 44 million Turkish Liras.
These price drops, which are seen as a reflection of the stagnation in the housing market and economic uncertainties, offer important opportunities for those considering buying real estate in Istanbul.
