Çanakkale Bridge Increased The Land Prices

The longest intercity bridge in the world will be 1915 Çanakkale Bridge increased the land prices in the region in the last three years 20 times higher and the housing fees 4 times higher.

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The motorway route along the Istanbul-Tekirdag-Çanakkale-Balikesir line and the 1915 Canakkale Bridge planned to be built within this scope have become the most important actors affecting the real estate market of the region, Maya said. The effects of the project have been discussed more for the last 2 years.

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Maya, who expressed the intense demand in the last period of regions affected by the first bridge of the Dardanelles Bridge of 1915 bearing the feature of the first bridge project to be built in Çanakkale Bosphorus, reminded that the base of the bridge was laid on 18 March.

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Maya said, "However, the changes in the value of the region and the interest of the investors in the region have reached the last decade, and in the sales transactions made within 10 years, the land and fields sold for investment are changed for the second time.

Maya explained that during the research they conducted, the prices of the streets on the bridge route increased by as much as 20 times in the last three years.

Maya also warned, "We should take into consideration the changes in the last 10 years of real estate transactions, as speculative information may create a virtual rent in locations where demand is limited."

"In 2014, the square meters sold in 5 TL are sold at 10 TL in 2015, 25 TL in 2016 and at the average unit prices like 100 TL this year.

Makbule Yönel Maya reminded that the region is expected to increase by 4 times the population by 2040, although real estate prices may see a high increase in the first degree neighborhoods of the road and bridge route in the current period.

Maya said, "The areas opened up in this context will also shape the investments to be made in the future." The value increases, which have not reached the balance yet, are anticipated to come into balance at the end of the next 5 years.

 

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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