SPATIAL ANALYSIS OF 2000-2018 RESIDENTIAL PRICES IN ISTANBUL

Year 2021, Volume: 1 Issue: 1, 61 - 77, 31.12.2021

Vedia Dökmeci Nevnihal Erdoğan

Abstract

The purpose of this article is to examine the spatial distribution of housing prices for neighbourhoods in Istanbul and
to compare their growth rates over the previous two decades. The results of the study reveal that while traditionally
expensive housing in coastal areas has remained the same in terms of value, its quantity has undergone a significant
increase. There has also been a decentralization of high property values towards the periphery of the city. This is a
result of economic development, the attraction of a fashionable suburban life-style, the formation of new sub-centers,
the development of transportation systems, and the effects of globalization due to foreign investments. However, these
changes have also meant that the disparity between housing for lower and higher income brackets is becoming more
marked. Furthermore, the results illustrate that increased numbers of planned neighborhoods, the restructuring of
squatter areas, and the revitalization of inner-city neighborhoods have helped to raise housing prices at the
metropolitan level.

Keywords

House Price, Growth, Suburbanization, Reconstructing

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