Urban Transformation

New housing projects launched in different regions of Istanbul are bringing a breath of fresh air to the market. Projects with modern architecture, spacious social amenity areas, and proximity to transportation facilities are particularly preferred by young professionals and families. Urban transformation projects are also making a positive contribution to the market by constructing modern and earthquake-resistant residences in place of old and unsafe buildings. Although housing prices continue to increase due to the impact of inflation, a slowdown in the rate of increase has been observed in recent months. In the rental housing market, rental yields are at attractive levels due to high demand, especially in central locations and areas with a dense student population. Leading figures in the real estate sector paint an optimistic picture regarding the future of the Istanbul real estate market. The continued interest of foreign investors, the introduction of new projects to the market, and the acceleration of urban transformation efforts indicate that the market will become even more vibrant in the coming period. However, it should not be forgotten that economic uncertainties and political developments can also affect the market.