The Effect of Housing Properties in Torekent Neighborhood On Housing Prices in the Context of the Development in the Western Corridor of Ankara

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Yildirim Ozcan K.

MEGARON, vol.14, no.2, pp.279-295, 2019 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 14 Issue: 2
  • Publication Date: 2019
  • Doi Number: 10.14744/megaron.2019.78700
  • Title of Journal : MEGARON
  • Page Numbers: pp.279-295


Together with local and regional planning decisions, the rapidly developing industrialization has also affected the development of the real estate markets. In this context, in historical development, in the Sincan Town, the Ankara Chamber of Industry 1. Organize Industrial Zone and Ankara Merkez Dokumculer Industrial Site and its periphery also affected the development of the real estate sector as a center of attraction and because of this, Torekent Neighborhood was chosen as the study area which is close to the OlZ. As a result of increasing employment with the center of attraction in the district increase in activity in real estate area observed and hence, various spatial and environmental factors influencing housing prices were also formed. The purpose of the study; to reveal the development in real estate and in this direction, to analyze the characteristics affecting the house prices especially in the framework of development with planning decisions, in the western corridor of Ankara. Literature review, examining the spatial development of Sincan Town, making face to face interviews with related employees in Sincan District Municipality, obtaining the properties and prices of 50 house for rent and 50 house for sale through face-to-face interview technique with real estate agents and determining how these propoerties affect the prices of houses for sale and rent via the created hedonic price model are determined as the method and methodology of this study. As a result, in Torekent Neighborhood, in Ankara's Sincan district which has been a sub center of Ankara in historical development, while the structural supply characteristics of houses for sale being more effective on the sale prices; functional and location-related features are more effective on the rental fees of rental houses.