Real Estate

Turkiye: Rent prices are decreasing in some districts in Istanbul

The expected downward trend started after high rental prices. In this regard, some districts of Istanbul stand out. Here are those districts in Istanbul where rental prices tend to decrease…

Rental house prices are decreasing in some districts of Istanbul. According to the news of Leyla Ilhan from Dunya newspaper, decreases ranging from 4-13% are observed in the districts of Istanbul.

According to Emlakjet data, while an increase of 6% in June and 8% in July was observed in Istanbul, the average rents in Besiktas district decreased by 10% in July.

Bahcelievler, Atasehir, Cekmekoy are other districts where rental prices have decreased in the last month.

It is stated that the decrease in these districts is due to both the saturation formation due to high average prices and the shift in demand between regions and a decrease in some regions.

Source: Haberglobal / Translated by Irem Yildiz

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