The 5 most profitable districts in Istanbul have been announced! Real estate expert explains everything for those looking to buy a home
Amortization periods for housing in Istanbul, Ankara, and Izmir have decreased. In light of data reaching notable levels, Real Estate Expert Mustafa Hakan Özelmacıklı stated that this is the most advantageous period for purchasing a home with a loan, and also announced the 5 most advantageous districts in Istanbul.
12punto
Data measuring the real-based trend in housing prices has been released. According to the Central Bank's Housing Price Index data, housing prices showed a 12 percent real-based decline in November. Thus, the real loss in housing has continued uninterrupted for 10 months.
Stating that we are in 'the most advantageous period to buy a home using a loan,' Real Estate Expert Mustafa Hakan Özelmacıklı made statements to milliyet.com.tr.
HOUSING AMORTIZATION PERIODS HAVE DECREASED
In addition to the real-based decline in housing, amortization periods for housing have also decreased significantly during this period. While a house sold in Ankara pays for itself when rented out for 15 years, this period is 15 years in Istanbul and 16 years in Izmir.
DISTRICTS IN ISTANBUL WITH LONG AMORTIZATION PERIODS
Our districts with the highest amortization periods in Istanbul are Beykoz, Kadıköy, Şile, Adalar, and Bakırköy. We can see periods of 25-26 years here.
ISTANBUL'S 5 MOST ADVANTAGEOUS DISTRICTS
He announced the 5 most advantageous districts in Istanbul for those who want to buy a home as follows:
"When we look at the districts with the shortest amortization periods in Istanbul, Esenyurt ranks first. It amortizes itself in 15-16 years. We can say that other neighborhoods close to 16 years are Fatih, Küçükçekmece, Kağıthane, and Güngören."