Channel Istanbul Land Prices Last 1 4 Floor Increases in Year: The Channel Istanbul project, which will open an artificial waterway between the Black Sea and the Sea of Marmara, has increased the land prices in the last 1 by 2 with 4 times.
Real Estate Appraisal Consultancy Specialist Vildan Kaya stated that the Kanal Istanbul project, which will open an artificial waterway between the Black Sea and the Marmara Sea to relieve the ship traffic in the Bosphorus, has increased the land prices by 1 to 2 times in the last year.
EVA Real Estate Appraisal Consultancy Expert Vildan Kaya, who declared that Istanbul will be created in Istanbul as a 'Crazy Project', will create two new peninsulas and a new island when the Istanbul is finished, and the first of the two cities planned to be established will be realized at the point where the channel meets the Marmara Sea until 2023. told.
Stating that the region was flooded by real estate investors with the announcement of the Kanal Istanbul Project, Kaya stated that the 3rd Airport's positioning in this region and the passing of the North Marmara Motorway route through the channel turned the region into a center of attraction.
Land Prices UÇTU
Kaya emphasizes that there has been a serious increase in the area of Kanal Istanbul in a short period of time due to the high demand for land prices, despite the fact that the master plans for the region are still being developed by the Ministry of Environment and Urbanization, yet there is no cleared development plan. Kaya said that the prices have increased more than 5 percent in the last 100 years after the lands have been opened to zoning and turned into land.
4 FLOOR INCREASES
Indicating that the prices of the plots with ceilings increased by 1 to 2 times in the last 4 year after the announcement of the project, Kaya added that especially Bolluca, Haraççı, Boğazköy, Boyalık, Yeniköy and Taşoluk Neighborhoods of the Arnavutköy District, Kayabaşı, Bahçeşehir and Ziya Gökalp Neighborhoods of the Başakşehir District ' stated that they observed that investor demands increased considerably. Kaya added that real estate investors are eagerly waiting for the master plan to be completed by the Ministry at the end of 2014.
COUNTRIES WITH PROJECT LIMITS
Kaya said that the project is located within the boundaries of the Yenişehir Reserve Building Area, which has a designated area of 24 thousand 475 hectares, with the purpose of eliminating disaster risk and disposing of unlicensed, uninhabited and disaster-risk structures, and within this boundary, Arnavutköy, Avcılar. He stated that Bağcılar, Bakırköy, Başakşehir, Esenler, Eyüp and Küçükçekmece districts are located.
FINISHING IN 2018 IS PLANNED
Kaya stated that the 2018rd Airport Project and the 3rd Bosphorus Bridge, the Yavuz Sultan Selim Bridge, which is foreseen to be completed in 3, are located within this building area, and the North Marmara Motorway Project, which is under construction, is located in this building area. He also said that the metro line in the direction of the E-2014 Highway - TEM Highway - Arnavutköy Center and the 2019rd Airport area under construction is planned to be put into service.