TRANSPORTATION PROJECTS HAVE INCREASED THE REAL ESTATE VALUE OF SARIYER | Property in Turkey
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Property in Turkey

TRANSPORTATION PROJECTS HAVE INCREASED THE REAL ESTATE VALUE OF SARIYER

Posted by Property In Turkey on 23 February 2016
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The real estate market has been activated thanks to this year’s big budget which includes 5 new tunel projects to strenghten the connection between close districts and city center. Taking into account the rapid value rise on this districts like Maltepe, Kartal, Cekmekoy and Umraniye where full-scale infrastructure projects realizing in Istanbul exist, it is expected that Sariyer and its round will be attracted intensive attention by the investors sooner with the influence of the Third Bridge, the Third Airport projects and the new tunel projects to realize the mentioned connection.

It is also mentioned that the tunels to be constructed between Dolmabahce – Levazim, Levazim – Baltalimani, Baltalimani – Ayazaga, Ayazaga – Cayirbasi and Sariyer – Zekeriyakoy will free the traffic flow significantly and especially the real estate projects located on Sariyer will be one of the regions to have the highest value rise throughout Istanbul city.
Especially Zekeriyakoy, Demicirkoy and close regions will be some of the regions to have this rise value in real estate prices throught the European part of the city. This can be linked to the route of the Third Bridge and Kuzey Marmara Highway as well as Sariyer – Zekeriyakoy Tunel Project since these districts are quite close to these projects.

Construction projects, the social opportunities of the project and prices are some of the essential factors that affect the demand for the real estate projects. The accessibility to the project is a factor as well. In cities like Istanbul, the location forms 90% of the land value of some real estate properties.

Especially the big infrastructure projects like the mentioned ones will realize radical changements in Istanbul and these projects will create regions which will live a constant rise. It is said that one of the biggest value rises will be experienced on the way of the Third Bridge. These projects being talked about play such a significant role in shaping the property and land prices now, this was seen in the previous big projects also. With the completion of tunel, metro and bridge projects, districts like Umraniye, Kayasehir and Zekeriyakoy will receive more and more demand which means that people will start buying property intensively in these districts.

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