Rental Apartments Istanbul

THE FASTEST RENTED APARTMENTS IN ISTANBUL TURKEY

Known for its proximity to the city, the Adalar district of Istanbul has become a favorite of those who want to isolate themselves from the impact of the pandemic, but also prefer not to move away from the city. But the Islands are also getting their share of the housing prices for rent and sale, which have increased recently. Moreover, there is another problem here.

Interest in the Islands, which are located next to Istanbul, but far from the bustle of the megacity, almost reached its peak with the coronavirus epidemic. Currently, there are settlements in Buyukada, Heybeliada, Burgazada, Kınalıada and Sedef Island, while housing prices for rent and sale are also attracting attention.

Real Estate Consultant, “Prices for rental apartments range from 3 thousand TL to 5,500 TL. For apartments in this price range, more than 70 calls a day come to my phone,” said. iClassified, "5 thousand 3 thousand apartments are quick to rent out among standard, while the apartments and 7 thousand TL on high-priced waterside apartments to rent out a little more power is happening", and booming real estate investment advisor volcano after the pandemic in Istanbul, Silivri, Şile, Kağıthane, Kartal Ataşehir and also are increasing in demand, such as the county said.

THEY PREFERRED IT THE MOST

Stating that the most preferred location among the islands is Buyukada, Istanbul Real Estate Agent who operates in the Islands, listed the reasons why Buyukada stands out as the most attractive and central island as the Municipality of the Islands, the District Governor's Building and the Palace of Justice are located in this region, as well as the most bank branches are located in Buyukada.

Expressing that the interest in the island increased even more after the pandemic, iClassified said, "Everyone who wanted to spend the pandemic period on the Islands and had the opportunity flocked to the island. But because the islands are a private site and closed to construction, the demand for the Islands did not match the number of apartments, and prices went up as demand increased. Adalar was most preferred by residents of Bagdat Street on the Anatolian side of Istanbul and young programmers who work from home as a profession,” was said.

BEWARE OF EXORBITANT PRICES

June till the end of September, seasonal rental apartments in Istanbul are evaluated, emphasizing that seasonal rents can start from 20 thousand TL and go up to 50 thousand TL depending on the pool, decoration and location, iClassified said, "Some landlords want figures such as 60-70 thousand TL, but this is unrealistic, as well as apartments with this price can not be rented. The average apartment rents range from 30-40 thousand TL,” he said.

Location of the Istanbul apartments for rent on an annual basis, with 3 thousand TL, landscape, pool and decorations 6 thousand TL with iClassified noteworthy that could be “Very detached houses with a large garden and private residences 15-25 thousand among the figures can be rented, but that's not even one percent of overall demand, the demand for property. There are 3 rooms and 1 living room apartments with condominiums starting from 700 thousand TL and up to 1 million 500 thousand TL in the apartments for sale. Of course, some landlords are trying to sell their houses with exorbitant prices, but apartments over 2 million TL are just staying in ads, there are no buyers,” he said, adding that the price scale of Adalar coincides with the same level as Maltepe and Kartal districts.

MORE THAN 70 PEOPLE A DAY ARE CALLING

Stating that they are most wanted for rental housing, Real Estate Consultant iClassified said that people want to see life on the Islands and sometimes they rent the apartment for 1-2 months before buying. Emphasizing that housing is rented out quickly, Decarer said, “While standard apartments between 3 thousand and 5 thousand TL are rented out quickly, it is a little more difficult to rent high-priced yalı apartments with apartments over 7 thousand TL. Prices for rental apartments range from 3 to 5000 TL, for apartments in this price range, my phone receives more than 70 calls a day,” he said.

THE MAIN REASON WHY THOSE WHO WANT TO LIVE ON THE ISLAND CANNOT FIND A HOME

Stating that 50 percent of the Islands changed hands at the beginning of the pandemic and for this reason, those who want to live on the island cannot find a home, iClassified said that the islands have a very serious demand for real estate, prices have started to rise towards the end of 2019. “For the islands, 2020 was the year when the most sales were made and the real estate bubble was the most bulging," iClassified said. most of those who bought apartments in 2019-2020 bought them not for investment purposes, but to buy a house in which they will live, and this led to deceleration of sales,” he explained.

iClassified, who advised those looking for homes in the Islands to be patient, stressed that those who bought 40 m2 apartments for $ 3 million at the time when urban renewal was just beginning on Baghdad Street were at great loss for the time being, adding that the lack of construction in the region made it difficult to find a place.

DEMAND FOR THESE LOCATIONS HAS INCREASED AFTER THE PANDEMIC

Like the islands, there have been other districts in Istanbul where demand has increased remarkably since the pandemic. Real Estate and Investment Consultant stated that the preferences after the pandemic are detached or garden / balcony apartments and that the demand for districts with a lower population rate has increased. Gürlentan, especially Sile, Riva, Çatalca, Silivri, such as detached houses and sites with large social areas such as Bahçeşehir, Beylikdüzü, Kağıthane, Ataşehir, Kartal are preferred, he said that the districts are preferred.

“In terms of housing, the value of real estate in districts such as Besiktas, Kağıthane, Kartal, Bahçeşehir, especially Zeytinburnu and Bakırköy coast line, has increased the most in Istanbul,” iClassified also said.

ATTENTION TO THOSE WHO WANT TO BUY A HOUSE IN 2022

“If it is a question of buying a house primarily for investment purposes, developing regions may still be preferred,"he said, offering suggestions for those who want to buy a house in 2022. If it will be taken for the purpose of the session, it will be useful to determine priorities and search for suitable real estate. Those who want to rent will definitely want to stay in the house where they live during this period. As you know, the rental figures are 2 times the rent in the house where you live, so it is impossible to find a house on the same terms,”he said.

At the end of the rumble, he also pointed out that the increase in real estate prices will continue to increase over the next 2 years, both because construction costs have increased and because there is no supply of new housing.