The 5 most profitable districts in Istanbul have been announced! Real estate expert explains everything for those looking to buy a home

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."