Table IV.

Impact of earthquake risk on high-priced five neighbourhoods

NeighbourhoodR effect (quake) 2007R effect (quake) 2012Average transaction price ($) 2007Average transaction price ($) 2012ChangeEarthquake risk (% of highly damaged buildings)
Kanlica0.0180.00251,649,5001,485,000−9.971.7
Cubuklu0.0760.00331,289,3201,852,420431.7
Beylerbeyi0.110.01211,196,0791,196,0799.642.31
Alkent (Etiler)0.0610.00281,068,5501,068,55032.594.06
Bebek0.1980.0047957,9421,286,32534.284.1

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