New Academic Year Begins in Primary, Secondary, and Higher Education, Rental Housing Prices Skyrocket
With the opening of schools, rents have started to experience a significant increase. The primary reason for this sharp rise in rental housing prices is families wanting to live in a home close to their children's school, leading them to move. Additionally, thousands of university students, unable to find spots in dormitories or dissatisfied with the quality of life in dorms, are renting houses. This situation causes a considerable increase in rental prices, especially in big cities like Ankara, Istanbul, Izmir, Antalya, Eskişehir, and Bursa, where universities and student populations are high.
Rental Housing Prices On the Rise
Rental housing prices are experiencing a significant increase, particularly in Istanbul. In a metropolis like Istanbul, the biggest challenge for those who wish to enroll in university and complete their higher education is to reside close to the university and minimize the time lost in traffic in such a large city. Therefore, a substantial increase in rental housing prices is observed, especially in neighborhoods close to universities. Istanbul and its surroundings, among the regions where the real estate sector provides the most services, continue to be a center where the heart of the real estate market beats and where real estate prices are determined.
