Major transport projects increase housing fees dramatically

Major transportation projects increase housing prices seriously: Durbakayım, who answered the questions of the reporter after his presentation at the “2014 Housing Conference”, which was organized by the Building Industry Center and where prominent names of the sector took part as speakers, pointed to the dynamism that mega projects in the transportation square bring to the housing sector.
Marmaray and metrobus, the citizens of the regions where intense connections with each other, expressed that Durbakayım, access to these regions have been in different ways before, Beylikduzu, going to public areas such as Esenyurt passed.
Durbakayım, noting that Marmaray connects two continents, makes the transportation here much easier, and that the metrobus makes it simple for citizens to go to places such as Beylikdüzü, Sefaköy, Avcılar, Florya in the increasing traffic of E-5, He stated that these projects, which touched his district, provided significant increases in housing fees.
“Large transportation projects can significantly increase housing prices. Stating that there has been an increase of up to 75% in the house fees in the areas close to Marmaray and metrobus stations, Durbakayım emphasized that this is an important rate.
Durbakayım said, “In the regions where Marmaray and metrobus pass, value increases will be realized in parallel with the increase in value in all of Istanbul with 20 percent more. Because the first increases are the increase that occurred with an opportunity that did not exist in the beginning ”.
"The assets after the bridge is over will not even be compared with the beginning"
Durbakayım gave information about the increase in value brought to the region by the third Bosphorus bridge, which connects the continents and will be the pearl of the Bosphorus, and the third airport to be built in Istanbul, and said that the land fees in this region “fly”.
Stating that there are no settlements in these regions at the moment, therefore the impact of the projects in question on housing costs cannot be discussed, Durbakayım said, "The start of the construction of the third Bosphorus bridge and the third airport has increased the land values ​​in these regions up to 300 percent as of now."
Durbakayım stated that when the airport construction is completed, the prices in that region will be at least 30 percent of the prices around Atatürk Airport today, and the role of the third Bosphorus Bridge and ring roads in the increase in value will depend on the connections. Let me stop, but he said that the values ​​here cannot even be compared with the values ​​before the project started.
"There is no same increase in all routes of Metrobus and Marmaray"
Ahmet Büyükduman, Chairman of the Board of Directors of Istanbul Gayrimenkul Değerleme ve Danışmanlık A.Ş., emphasized the importance of "access" related to real estate appraisal and stated that as the accessibility to places such as social facilities, entertainment centers, workplaces, parks, hospitals and pharmacies increased, the real estate prices in that region increased.
Büyükduman said, "As the opportunities that bring people to the city center increase, the values ​​of the districts where these transportation opportunities increase", Büyükduman said that it is very important for the rail systems starting from Kartal to reach Atatürk Airport, this system will go to distant places in the future, so that people can reach the city center, He stated that he could reach entertainment places, workplaces and relatives easily.
Büyükduman said, “However, it is not easy to measure this value increase numerically. We have to go back. ”
Stating that there is no increase at the same rate on the entire route on the Metrobus and Marmaray line, Büyükduman said, “The further you get away from the center, the longer your transportation time, the lower the rate of increase in value. For example, the value increase of a point 5 kilometers away from Yenikapıdere of Marmaray and a place 10 km away would be different. In other words, the closer your home is to the stops of transportation projects such as metrobus and Marmaray, the more value increases ”.
Stating that the main issue here is "the burden of transportation", Büyükduman stated that value is actually taken to the place where access is taken.
Büyükduman said, “The effect of mega transportation projects on housing costs is around 50 percent, free from other criteria. In other words, if we consider the houses such as Beylikdüzü, Avcılar and Esenyurt, whose prices have increased rapidly in the E-5 route, there are many reasons for the increase in their prices. Here, the increase created by metrobus alone is 50 percent, ”he said.
Büyükduman stated that the airport and the bridge increased the prices of some of the plots in this region by more than 200 percent, but the same valuation was not seen everywhere, adding that the increase may still be high after these projects are completed.
"There is an 80 percent increase in Beylikdüzü"
Sedat Çavuşoğlu, who has been a real estate agent in Beylikdüzü Yakuplu for a long time, also noted that the region became active with real estate and construction after the metrobus was put into service, and said that there was a great increase in the number of flats sold especially after the metrobus.
Stating that they have earned more than the apartments they have sold in recent years, but they have not always earned the same income, Çavuşoğlu said, “Still, the increase in the number of sales in recent years pleases us. Especially after 2009, there has been a noticeable increase in housing fees in this region. The population growth in Istanbul and the investments made in these regions have a great impact on this. However, one of the biggest reasons for the increase is the arrival of the metrobus in this region ”.
Çavuşoğlu emphasized that a citizen who took the metrobus from Beylikdüzü could go to the city center and workplaces without getting stuck in E-5 traffic in a short time, “Metrobus especially accelerated transportation, increasing the housing prices in this region by more than 50 percent. In fact, we can say that the price increase rate caused by the metrobus only near the station is 100 percent. ”