Istanbul Airport has brought many benefits to the real estate areas adjacent to it, and Istanbul Airport has formed a qualitative and future shift for real estate areas and residential projects. The opening of the new airport has raised real estate prices in all of Istanbul, especially on its neighboring areas, and has greatly affected the Turkish real estate market and raised the volume of investments. real estate in Turkey and increased the volume of real estate sales in the city, It was a factor in the prosperity of the Black Sea regions.
Benefits of Istanbul’s new airport on real estate areas
With the beginning of the opening of the new Istanbul Airport and the launch of flights from Istanbul to other countries and Turkish states, The real estate market in Istanbul has become very active, as the effects of the new Istanbul Airport with very large and enormous capabilities, which is the largest airport in the world, have begun to appear on real estate areas, residential and investment projects, As the largest airport in the world, The areas adjacent to Istanbul Airport have also benefited greatly, the most important of which is the Basaksehir area, the Bahcesehir district, the Esenyurt district, the neighboring Istanbul 3 district, which is close to the airport, and many vital and highly populated areas.
There is no doubt that the real estate sector is the most beneficiary of the construction of the new Istanbul airport, and the airport has had a great impact on the Basaksehir area in particular, This is due to the proximity of the famous Basaksehir neighborhood to the airport due to the exciting and ideal urban development that the region is going through.
Benefits of the new Istanbul airport on the Arnavutkoy area
According to the real estate statistics website in Turkey “Endeksa.com”: Real estate sales during the past year recorded a 0.22% increase in prices within the Arnavutkoy area and its adjacent areas, This is due to its close proximity to the new Istanbul Airport, It was also noted that the rent value of real estate in the same area increased by 3.85%.
And the price of a square meter of land in the Arnavutkoy area was about 2227 Turkish liras, a recorded increase, While the average house wages amounted to “1,000” Turkish liras. It is one of the areas where the estimated investment life of the property is: 25 years.
Benefits of Istanbul’s new airport on Buyukcekmece
Real estate prices in the Buyukcekmece district of Istanbul have risen to a record, and rents and sales have increased, Where the impact of the new Istanbul Airport was not limited to the Arnavutkoy area, Rather, it extended and affected all areas surrounding the airport, close to it, or even those easily accessible through it. For example, Buyukcekmece, which benefited from the new Istanbul Airport, and the most prominent changes that occurred in prices in this region are:
- Real estate prices increased by 8.95%.
- Rental income increased by 4.58%.
- The price per square meter has increased to 3150 TL.
- The average rent for homes in it has risen to 1364 pounds.
- Reaching the estimated age of the investment property to 27 years.
Benefits of Istanbul’s new airport for Esenyurt
The impact of Istanbul’s new airport on the Esenyurt area, where the airport constituted a significant increase in the volume of rental income and apartment prices in the Esenyurt area, which is one of the most important areas affected by the new Istanbul Airport is the Esenyurt area, due to its easy access through it, Esenyurt has benefited from the new airport, and the most prominent benefits are:
- Real estate prices increased by 8.33%.
- Rental income increased by 20.85%.
- The average price per square meter has increased, including 2243 Turkish liras
- The average house rent price has increased to 960 liras
- The estimated life of real estate investment in Esenyurt is 20 years
Benefits of Istanbul Airport on the Basaksehir area
The impact of the new Istanbul airport on the Basaksehir area significantly and on real estate investment, especially the rich area, which is one of the highest areas for rent and sale. The Basaksehir area benefited after the opening of the new airport, as it is the closest area to it and constituted an important factor in the activity of the real estate investment market in the mentioned area, which contains On a huge infrastructure, which greatly revived this region, Among the benefits of Istanbul’s new airport on real estate and investment projects in the Basaksehir area are:
- Real estate prices increased by 7.94%
- Rental income increased by 7.32%.
- The average price per square meter has increased to 3496 Turkish liras
- The average price of home rent has risen to 1,600 Turkish liras
- Estimated age of real estate investment in Basaksehir (26 years)
Rather, the new Istanbul airport had a great impact on the entire city of Istanbul and played an important role in revitalizing the real estate market and its development, and with the increase in the number of tourists and arrivals from foreigners and Arab countries, this helped to attract more new investors who invested their money near the new airport, as the airport affected several areas Changes were made on real estate prices and rental prices in those important areas of Istanbul, including: Bahcesehir and Ispartakule region, as well as Beylikdüzü and other areas with huge urban development.
You should also buy real estate in those areas mentioned above, where real estate experts expect real estate prices to rise significantly and record in the coming years and with the vision of 2023, which is Istanbul’s new airport part of the 2023 vision, Where the airport will be fully opened in 2023, A metro line will also open linking the new Istanbul airport to several neighboring areas of the airport, to the center and all parts of the city, which is the backbone of the Turkish economy.
Also, Vision 2023 has many projects, including the Istanbul Water Canal project, which will be close to the airport and will be adjacent to the areas mentioned in the article. In previous articles you can read through the site.
The projects of Vision 2023 will consist of real estate projects in the new Istanbul district and residential projects with a large urban and residential development, And also the project of 8 bridges that will pass over the Istanbul Water Canal parallel to the famous Bosphorus Strait, Also, these projects will not be limited to Istanbul, as the projects will include a number of Turkish states.