Prices in the neighborhood have increased due to the increased demand for Kuzguncuk in recent periods
Currently, there are 25-30 year old attached apartment buildings which are incorporated within the historic structure of the neighborhood, and that there are different sizes of apartments from 1 to 4 beds in these buildings with the average being 85-100 m2 2 beds.
The most important factors influencing prices are proximity to the sea and views of the Bosphorus and that the type of property (apartment in a building, detached property or waterside apartment) is a big factor affecting prices. Prices in the neighborhood have increased due to the increased demand for Kuzguncuk in recent periods. This demand has also increased the pace with which the existing buildings are being renewed.
Demand for residential properties in the neighborhood is high
With the rise in demand, it is expected that the trend for the increase of property prices in Kuzguncuk will continue. When looking at the occupational groups who are preferring the neighborhood, white collar workers who have just begun their working life and artists are the individuals who come to the fore.
Ease of transport access, the neighborhood atmosphere and security are the most important advantages of Kuzguncuk, yet it also has disadvantages such as no railway system for transport, the need for the buildings to be renewed due to their old age and parking problems.