Transportation Projects Increase The House Prices

Altin Emlak’s Ceo, Hakan Erilkun states that Incirli and Topkapi take the first place on this topic. He connects the high house prices in these areas to the closeness to airport, metro and metrobus lines of these locations.

Erilkun, who points that there is an increase in real estate density in Kayasehir, also states that branded projects draw attention in the area. He also makes following statement:

“Trading areas in Kayasehir are much more valuable than houses because the number of trading areas is too small. Such that there is even no trading construction around the linking crossroad to Arnavutkoy, which will be constructed in 17th Area. The number of shops in this trading area, which will be constructed, is also limited. That is why, trading areas which are located in front parts of the project and in entrance of Kayasehir draw great attention.”

Hakan Erilkun states that Zekeriyakoy is close to Maslak and Sariyer so that the land prices are in increase.

Altin Emlak’s CEO also lists the new leading areas in Anatolian Side like:

“Land production for new projects in Cekmekoy is almost nonexisting. Second hand house prices are in increase in Madenler area and in main area, in which there is metro line. The most important problem of the area is the lack of suitable land for urbanisation. Samandira is favourite place both for trading and housing areas. Samandira, which increase in value thanks to its closeness to Kartal, Sabiha Gokcen Airport and Yakacik in one end and Sancaktepe, Sile, Cekmekoy in the other end, still has suitable points for housing. In fact, house prices in Samandira run towards record.

The importance of Unalan Neighbourhood, Goztepe will increase due to its location is a throughfare of Grand Istanbul Tunnel. Moreover, square meter prices in this area, which is a center point of Goztepe, Uskudar and Kadıkoy, have increased at 28 %. Kucuksu, one of the important points in Umraniye, will also be one of the main points of Grand Istanbul Tunnel. Increase rate of square meter prices in this area is 7 %. It is so clear that the prices will increase at 25 % after the completion of the tunnel.

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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