The mega-projects of Izmir are raising housing prices!

Sector representatives, "the city will change, the face of the project will win the investor."

The giant projects that will be passed on to life in Izmir continue to shine the star of the city. Extension of İstinyePark with the Tube Passage in Balçova, Çandar Highway in Çiğli and City Hospital Campus Project in Bayraklı raised the prices of land and houses in these regions. Sector representatives foresees a 15 percent increase in housing and land prices across Izmir in the coming period. The builders, who see the increase in costs and demand as a major factor in the price increases, are also advising investors to buy until the end of October.

Emphasizing that Istanbul residents show great interest in İzmir, sector representatives emphasized that İzmir will capture Istanbul in the next 1.5 years.

In the last two years, the prices of square meters in Balçova have increased from 1500 liras to 2500 liras, from Karsiyaka 2 thousand liras to 3 thousand liras and from Bayraklı to 1500 liras.. The construction of the part of the İzmir-Çandarlı Highway up to Çandarlı has also increased the prices in Karsiyaka, Çiğli, Ulukent Menemen and Aliağa by 50 percent. The construction of the city hospital campus projected by Türkerler Holding in Bayraklı also moved the region. Experts said that Balçova has become one of the most popular regions in terms of property investment due to tube gangways and İstinye park projects, and the square meter prices in the region have risen from 1,250 liras to 2,500 liras. 

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