The landscape designs in the district of Beyoğlu for the pedestrianisation of Taksim Square have reflected on the real estate prices. There has been a great deal of increase in the prices of flats for sale and rent in Taksim.
According to the September-October data of sahibinden.com, an e-commerce platform, the rents for flats in the district of Beyoğlu have risen by 77 per cent. The quarter with the highest increase in rent has been Taksim at 89 per cent. An increase amounting to 200 per cent has been seen in the prices of flats for sale in the district of Beyoğlu.
The increase in the real estate prices is attributed to the fact that Beyoğlu, which can be deemed one of the most central districts of Istanbul, will become more valuable with its new face.