SPATIAL ANALYSIS OF 2000-2018 RESIDENTIAL PRICES IN ISTANBUL

Authors : Vedia DÖKMECİ, Nevnihal ERDOĞAN

Pages : 61-77

View : 21 | Download : 19

Publication Date : 2021-12-31

Article Type : Research Paper

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