Imtilak Real Estate opens its new office in Sakarya, special offers and prices on the occasion of the opening

Major Transportation Projects Rises Property Prices in Turkey

The new transport projects began to rise gradually in 2018 with their competitors in 2017...

Major Transportation Projects Rises Property Prices in Turkey
4,469
2018-02-08 Last update 2020-02-13

Major Transportation Projects Rises Property Prices in Turkey

The new transport projects began to rise gradually in 2018 with their competitors in 2017. These projects are no longer confined to major cities such as Istanbul, Ankara, and Izmir, but also have reached many Turkish cities, such as Yalova, where the city has witnessed a significant shift due the completion of Othman Ghazi Bridge recently, as well as an increase in the demand for real estate investment and property prices.

In addition, other cities also witnessed a significant rise in real estate rates. Where prices have increased in Canakkale by 123%, Ordu by 108%, Izmir by 100%, and Sakarya by 97%.

Experts attribute the significant increase in the city of Canakkale to the influx of internal migrants into the city, which began right after the start of the Canakkale bridge project. The bridge reflects the importance of large transportation projects and their impact on real estate prices.

As for the city of Ordu, major projects have taken a significant role in the development of the region, such as the organized industrial city and the newly built Giresun Airport in the city.

The situation is similar in other cities such as Izmir and Sakarya in terms of increasing the demand for real estate. This is related either to new investments or to transport projects, which have led to an increase in arrivals to these areas, and led to imbalances in the supply and demand levels of real estate.

Source: Gonash Newspaper 

More from Imtilak
Halkali-Gebze Train Raises Property Prices on Both Ends of Its Road

Turkey's cities are characterized by their rapid and sophisticated transportation, and their complex networks, which ext...

2019-10-09
2,291
Important Facts about Earthquake Insurance in Turkey

The Turkish government has undertaken to undertake a comprehensive study of all buildings in Turkey in terms of earthqua...

2019-10-02
3,851
China's Largest Investment in Turkey

Construction of the Honotlu Thermal Power Plant in the Turkish state of Adana has been announced and is the largest Chin...

2019-09-30
3,192
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them