FACTORS AFFECTING HOUSING PRICES: THE CASE OF ISTANBUL- ATAKOY

Abstract

Different structural and spatial features such as type of housing unit, age of housing unit, size of housing unit, number of rooms, number of bathrooms, construction quality, heating system, parking lot, quality of public services, proximity to centers, distance to health and education facilities, transportation facilities, crime rate, satisfaction with social activities, landscape, environment, pollution and airport noise affect the prices of the housing units. Atakoy is one of the important residential areas of Istanbul with a high quality of life, due to the richness of its green areas and its urban texture, the closeness to centers, high quality of transportation and urban services. The lack of vacant land, the high demand and the high occupancy rate in the region have increased the housing prices considerably, and the importance of the regional housingmarket.Theaimofthestudyistodeterminethecharacteristicsofhousingunitthat may affect the housing prices in Atakoy. In this context, multiple regression analysis has been made with the data which consist of physical information about 149 housing units for sale in the region and it has been examined which features related to the housing unit how much may affect the housing prices.