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What Are the Most Important Real Estate Areas Benefiting from the New Istanbul Airport?

: 2019-06-15 Modified date : 2019-07-10

What Are the Most Important Real Estate Areas Benefiting from the New Istanbul Airport?
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It was normal and expected that the new Istanbul airport will affect all associated investment projects or real estate projects, leading to a significant rise in real estate prices and affecting the real estate investment market before others.

Istanbul airport affects real estate prices in four regions

With the launch of the new Istanbul airport, with its enormous capabilities, it has begun to show its positive effects on all sectors surrounding it or related to its field of operation, which is worthy of its capabilities and size as one of the biggest air stations in the world.

Istanbul airport

There is no doubt that the real estate sector is one of the important sectors that this airport has had a great impact on it, especially near the airport in Istanbul. As evidenced by house prices in Basaksehir 2019.

According to the statistical data website Endeksa.com, in the last year, real estate sales showed a 0.22% increase in real estate prices in areas close to Arnaoutkoy, near Istanbul's new airport. Rent of houses in the same area rose by 3.85%. The average price per square meter in Arnaoutkoy averaged 2227 Turkish lira, while the average price for the house was 802 TL. It is one of the areas where the speculative investment age is 25 years.

Increase in the value of the real estate in neighboring areas

The real estate impact of the airport on the Arnaoutkoy area has had a positive effect on all its neighboring area and some of the most important areas of Istanbul. The real estate prices in Buyukcekmece area increased by 8.95% last year, while rents increased by 4.58% The average price per square meter was 3150 Turkish liras, and the average price of the house was 1364 Turkish liras. The estimated period of the real estate investment age was 27 years.

New Istanbul Airport

One of the areas where Turkey's new airport has affected is the Esenyurt area, due to its proximity to the airport. The price of real estate in Esenyurt during the last year was 8.33%, while rents increased by 20.85%. The average price per square meter in it was 2243 Turkish liras, with an average rent of 960 Turkish liras. The estimated period of real estate investment in Esenyurt is 20 years.

On the other hand, Basaksehir area was clearly affected by its proximity to the new airport, the real estate prices witnessed an increase of 7.94% during the last year. Homes rentals increased by 7.32%. The average price per square meter in Basaksehir reached 3496 Turkish liras. The speculative investment age of the property is 26 years.

The following table shows the most important figures related to the real estate impact of all areas surrounding the airport:

Area

Average price per square meter (TL)

Average house price

Average rent (TL)

The percentage of the last annual change in the price of real estate

The percentage of the last annual change in the rent

Real estate investment estimated age

Arnavutköy

2227

233.835

802

0.22%

3.85%

25

Eyüp

3634

363.400

1974

-2.19%

1.10%

18

Çatalca

2600

364.000

794

7.90%

3.84%

27

Büyükçekmece

3150

456.750

1364

8.95%

4.58%

27

Esenyurt

2243

224.300

960

8.33%

20.83%

20

Başakşehir

3496

471.960

1599

7.94%

5.84%

26

Sultangazi

2423

254.415

934

-5.58%

0.54%

24

Istanbul

3701

425.615

1710

-11.64

-6.65

22

Imtilak Real Estate offers its investors the best investment options in the most important real estate projects in Turkey, with our integrated services that include welcoming investors from the airport with free tours to our real estate projects and other services that facilitate the buying process for those wishing to own new house in Turkey.

Edited by: Imtilak Real Estate©

Source: Emlak Kulasi

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