- Feb 26, 2018
- Reading time: 2 minutes
Kanal Istanbul, 44% to 127% of the residences in the route evaluated.
The route of the highly anticipated channel Istanbul project became clear. As an alternative to the Bosphorus Strait, the project was identified as the path of the 45 kilometer küçükçekmece-sazlıdere-Durusu Corridor Kanal Istanbul Project.
Since the channel Istanbul Project has been heard, housing prices are rising in the districts of Küçükçekmece, Basakşehir, Arnavutköy and Esenyurt.
60% increase in küçükçekmece in the last 4 years
According to Endeksa.com data, housing prices in küçükçekmece increased 60% in the last 4 years. Average residential square meter sales price in Küçükçekmece has reached 2,950 TL. The average housing price is 315,000 TL and the return period of the housing investment is 19 years.
Click for küçükçekmece housing value analysis.
Average housing price in Başakşehir is 422,000 TL
Although the location is far from the central business areas of Istanbul, the commercial areas in the area, the Olympic Stadium and the giant Health Campus adjacent to the Olympic Stadium have been on the agenda for some time with major investment projects and transportation projects such as Başaksehir, Kanal Istanbul The route of the project is further highlighted. According to Endeksa.com data, the last 4-year housing value increase in Başakşehir is 44%; The average residential square meter sales price is 3,175 tl, the average housing price is 422.000 TL, and the return time of the housing investment is 24 years.
Click for Basakşehir housing value analysis.
Housing prices in Arnavutköy increased 127% in the last 4 years
On the agenda of the channel Istanbul Project, Arnavutkoy District, the price of land square meters is lower than other regions and the land supply is high because of the higher real estate prices increase and development potential Stands out as the high zone. According to the Endeksa data, the last 4-year housing price increase in Arnavutköy level is 127%; The average residential square meter sales price is 2,200 tl, the average housing price is 249,000 TL, and the return time of the housing investment is 27 years.
Click here for Arnavutkoy housing value analysis.
The return time of housing investment in Esenyurt is 19 years
According to the Endeksa data, the housing prices in Esenyurt increased 83% in the last 4 years. The average housing price in Esenyurt is 2,025 tl per square meter, the average residence rate is 216,000 tl, and the return time of the housing investment is 19 years.
Click for the Esenyurt housing value analysis.
We foresee that the housing price increase in the areas of the project will continue in the coming period. In the last 4 years, the maximum increase in housing prices, Arnavutköy, we think that the most development and price increase potential in the coming period.
