How Are New Projects Shaping Square Meter Prices in Beşiktaş
When living spaces are renovated in an area, both the demographic structure and the cost of living often reshape and rise.
When living spaces are renovated in an area, both the demographic structure and the cost of living often reshape and rise.
Beşiktaş is Istanbul's most valuable residential area.
It is located on Istanbul's European side, adjacent to the Bosphorus.
Beşiktaş is generally dominated by older buildings.
However, while the density varies by district, a building or living space is constantly undergoing renovation, especially after 2022.
One of the key foundations and focal points of this process is real estate prices and valuation.
In my opinion, the per-square-meter sales price of a renovated building in Beşiktaş is approximately 2.5 times higher than its original price.
While the rental multiplier tends to decline in older buildings, it remains stable in renovated buildings.
Of course, this information is valid for now.
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