The increase in construction costs and the demand for housing purchases from the citizens of the troubled surrounding countries increased the prices. This climb is quite noticeable in Istanbul itself. In the report they prepared together with Bahçeşehir University Economic and Social Research Center (BETAM) sahibinden.com, the 10 districts in Istanbul where housing prices increased the fastest were listed. According to the report, Kadıköy was the district with the highest increase in housing prices in Istanbul in October. Kadıköy was followed by Şile and Sarıyer.
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The rapid increase in housing prices in the recent period has made both the tenant and the lessor worry. In Istanbul, where it has become almost impossible to find affordable housing, housing prices are increasing day by day. Bahcesehir University Economic and Social Research Center published the sahibinden.com Housing Market Outlook report, which was carried out together with sahibinden.com.
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According to the report, Kadıköy was the district with the highest increase in housing prices in Istanbul in October. Kadıköy was followed by Şile and Sarıyer.
3- Kadıköy
Price per m2 for sale October 2020 (TL): 10 thousand 440
Price per square meter for sale October 2021 (TL): 20 thousand 387
Annual change: 95.3 percent
4- Şile
Price per m2 for sale October 2020 (TL): 4 thousand 824
Price per square meter for sale October 2021 (TL): 8 thousand 695
Annual change: 80.3 percent
5- Sariyer
Price per m2 for sale October 2020 (TL): 13 thousand 345
Price per square meter for sale October 2021 (TL): 22 thousand 222
Annual change: 66.5 percent
6- Catalca
Price per m2 for sale October 2020 (TL): 3 thousand 276
Price per square meter for sale October 2021 (TL): 5 thousand 440
Annual change: 66 percent
7- Avcılar
Price per square meter for sale in October 2020 (TL): 3 thousand 744
Price per square meter for sale in October 2021 (TL): 6 thousand 200
Annual change: 65.6 percent
8- Besiktas
Price per square meter for sale 2020 October (TL): 11 thousand 244
Price per square meter for sale 2021 October (TL): 18 thousand 517
Annual change: 64.7 percent
9- Malta
Price per m2 for sale October 2020 (TL): 4 thousand 889
Price per m2 for sale October 2021 (TL): 8 thousand
Annual change: 63.6 percent
10- Beykoz
Price per square meter for sale 2020 October (TL): 7 thousand 312
Price per square meter for sale 2021 October (TL): 11 thousand 785
Annual change: 61.2 percent
11- Buyukcekmece
Price per square meter for sale 2020 October (TL): 4 thousand 583
Price per square meter for sale 2021 October (TL): 7 thousand 333
Annual change: 60 percent
12- Uskudar
Price per m2 for sale October 2020 (TL): 6 thousand 71
Price per square meter for sale October 2021 (TL): 9 thousand 677
Annual change: 59.4 percent
