May 29, 2023

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In areas with a high earthquake risk in Istanbul, the prices of apartments in buildings over 30 years old have skyrocketed.

While Turkey is trying to heal the severe wounds caused by the earthquakes in Kahramanmaraş, the prices of apartments for sale in old buildings in Istanbul have attracted attention. The opinion of seismologists and geologists that a major earthquake is expected in Istanbul by 2030 brings to mind the issue of structural strength.

Experts identify the coastal areas near the Sea of ​​Marmara as a risky area in a possible earthquake in Istanbul.

Among these areas, areas such as Buyukcekmece, Avcilar, Kucukcekmece, Pendik and Maltepe high risk areas.

Experts see soil structure as an important factor in addition to structural strength in earthquakes. According to experts, the land in the aforementioned areas is weak and does not consist of rocks. It is necessary that the structures here be stronger than usual and suitable for earthquakes.

However, the prices of apartments for sale in buildings over 30 years old in the mentioned areas are staggering. In some areas, basement apartments are trying to sell for 500 thousand liras.

Once again, in Buyukcekmece, which has a high risk of earthquakes, 2 + 1 type apartments on the coast are listed in advertisements for 1.5 million liras.

The situation is no different on the Anatolian side. Two-room apartments on the coastal part of Pendik, which has a high earthquake risk, cost 1 million 400 thousand liras, and the same type of apartments in Maltepe near the sea are trying to find buyers for 1 million 250 thousand liras.

Earthquake hazards in 39 regions and risk analyzes and planning of urban infrastructure and elements, prepared by IMM, were revealed by the “Istanbul Province Earthquake Potential Loss Estimates Update Project”.

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