Real estate prices rose in Sapanca on the Ankara-Istanbul High Speed Train route. Ankara-Istanbul High Speed Train project, which is under construction, caused an increase in real estate prices in Sapanca.
Within the scope of the project, which will reduce the distance between Ankara and Istanbul to 3 hours when it is completed, a double-track high-speed railway line with a length of 533 kilometers, independent of existing lines, will be laid. Within the scope of the Ankara-Istanbul YHT project, which is planned to be put into service in 2013, the works continue at full speed in Sapanca as on the entire route. In the area where the railway to pass through the district is located, expropriation works continue.
The fact that the YHT station in the region will be in Sapanca caused a high increase in Real Estate prices in the district. The increases experienced before the High Speed Train is put into service draw the reaction of the realtors serving in the district.
Tesa Real Estate manager Emre Çelik stated that they were mistaken by thinking that the High Speed Train will bring movement to Sapanca Real Estate market, “Where the station will be established, where the road route will be, when it will start and when it will end is still not certain, but it seems that it has already made real estate owners happy. Real estate sales would increase, both buyer, seller and broker would benefit from this business and Sapanca's real estate economy would rise, but we were wrong. Real estate owners, who disproportionately raise property prices in Sapanca, scare both outside investors and domestic investors. Of course, the Market Prices will rise within the right. However, some real estate owners think that the high-speed train will pass through the middle of their land and pull the prices up as much as they can. Therefore, neither the seller, nor the buyer nor the broker are satisfied, ”he said.