Metro lines make a premium on housing prices

Metro lines make a premium on housing prices
With the new metro lines of Istanbul, housing prices will be evaluated in many districts. Around the lines of the construction phase there is already an increase between 5 and 25.

The Metro does not only provide convenience in transportation, it also raises the housing prices in all the districts on the line it passes between 5 and 25 percent on average. As soon as construction of the line will be opened in the price action now. The highest increase is seen when metro services start. The districts where the metro passes are also preferred by branded residences. Both the existing and newly built branded residences in the districts on the metro lines in Istanbul turn their proximity to the metro for marketing advantage. An example of this was opened last year. Kadıköy- We saw the Kartal metro and Başakşehir-Otogar metro, which was officially opened.

The metro lines, which are currently under construction in Istanbul and are in the tender stage, will create a new 'premium line'. The lines planned to open in Istanbul until 2015 include Şişhane-Haliç-Yenikapı, Aksaray-Yenikapı, Levent-Hisarüstü, Üsküdar-Çekmeköy and Kartal to Kaynarca. Construction will start after 2015 Bakırköy-Beylikdüzü, Bakırköy-Bağcılar, Mecidiyeköy-Mahmutbey, KabataşLines such as Mahmutbey will also mobilize real estate prices.

Kadıköy- Eagle premium

Kartal opened last yearKadıköy The metro's housing prices in the region had also increased rapidly when the flights started. KadıköyPrices for apartments in Kozyatağı, Göztepe and Kartal increased by 30 to 100 thousand liras with the opening of the metro. This increase in housing prices was reflected in rents, and rents were raised between 200 and 400 liras. The number of branded projects started to increase, especially in Kartal. The second metro line of the Anatolian side, Üsküdar-Sancaktepe, has already started to increase the prices in the districts it will pass through.

Construction in progress

The construction of the metro line, Üsküdar, Umraniye, Cekmekoy and Sancaktepe, the average price of housing prices, 25 pulled up. The highest increase in the prices of apartments for sale on the metro line took place in Üsküdar. 275 thousand pounds in Üsküdar average price of apartments for sale, 420 thousand pounds came out. 175 thousand pounds in Çekmeköy, the prices of apartments 270 thousand pounds came out.

Two new lines are planned for Basaksehir

The new metro line, which started in June and was officially inaugurated by Prime Minister Tayyip Erdoğan, made a premium for the new metro line extending to Başakşehir. There has been an increase of up to 100 thousand pounds in the new apartments. In the other houses in the neighborhood, the appreciation for 20 was seen. There are also new routes planned for Başakşehir. In 2018, Metro line will be planned to take Başakşehir to Kayabaşı. In the region, especially in the initiative of TOKI, new cities are being formed, and the investments of branded housing producers have started to increase. Kayabaşı, which will be the 'center' of new cities to be built in Istanbul, will be the focus of development with new metro lines.

Accelerate urban transformation

Bakırköy Metropolitan Municipality, which is planned to be commissioned by 2013 in the year of 2017, will create mobility in districts such as Bakırköy, Bahçelievler, Küçükçekmece, Avcılar and Esenyurt. Due to the fact that it is on the Metrobüs route, it is expected to increase the value of the houses with at least 20 by opening the metron. However, in these districts where the construction is intense, the majority of buildings are over the age of 20. With this increase in value, the region is expected to enter the radar of contractors who want to perform urban transformation.

Bakirkoy and Bagcilar will be valued

BAKIRKOY and Bagcilar are noteworthy as the transfer points of new metro lines. In addition to the line that will extend from Bakırköy to Beylikdüzü, there is a line coming from Yenikapı with a line extending from Bakırköy İDO to Bağcılar (Kirazlı). With the introduction of all new lines, the housing prices of these districts are expected to make a ceiling.

Source: news.gazetevatan.com