Urban renewal projects in Istanbul transformed neighborhoods as well as buildings. It is noteworthy that housing prices gained rapidly value in regions where urban renewal activities are intense.
How has housing prices changed from the urban transformation in Gaziosmanpaşa, Kadıköy, Esenler and Üsküdar, which are the pilot regions of urban transformation in Istanbul? What about branded housing projects in these regions?
According to REIDIN data, here is the urban transformation effect on Gaziosmanpaşa, Kadıköy, Esenler and Üsküdar housing prices:
Between 2014 and 2021, 12 housing projects were spent in the region. The housing stock of these projects is the lowest square meter price in the housing projects of 8 thousand 325. Marked is 3.415 TRL / m2; And the highest is 6,350 TRL / m2.
According to the figures of 2016, 1,200 construction works are continuing in Kadikoy, which is one of the cities where urban transformation is experiencing the most inhabited cities in Istanbul. Housing prices rose 54 percent between 2014 and 2017 in the region.
In Esenler, housing prices between 2014 and 2017 increased by 41 percent. Between 2014 and 2021, 4 housing projects were spent in the region. The housing stock of these projects is 1 484. In Esenler, the lowest square meter price in residential projects is 4,348 TRL / m2; The highest was 5.727 TRL / m2.
Housing prices in Uskudar increased by 80 percent between 2014 and 2017. While there were 23 housing projects between 2014 and 2017, between these dates the apartment stocks stood at 4 thousand 249.