One of the most important factors affecting real estate investment activities in Istanbul and the various Turkish states is the existence and development of huge vital projects… such as the new Istanbul Water Canal, Istanbul Third Bridge, Istanbul New Airport or… The presence of these huge vital projects, in short, increases the pace of real estate investments, increases their prices and gives them more characteristics on the real estate of the region.. Within the following words, we will address the new Istanbul airport and its impact on the surrounding areas and on real estate investments within the region.
What do you know about the new Istanbul airport in Turkey?
The new Istanbul airport is located within the Arnavutkoy area in the European side of Istanbul Turkey.. The area in which the property is located is a forested area, forests and lush nature! The area of the new Istanbul airport is 76 and half a million square meters, and the area of the main building of the airport is 1,300,000 square meters, and the new Istanbul airport has been classified as the largest airport in the world! The new Istanbul airport is only 35 km from Ataturk Airport .
Istanbul's new airport and its impact on the surrounding areas:
It is natural for a vital project like Istanbul Airport to affect all investment projects and the surrounding areas! We mention from the most important areas that received a direct impact from the construction of the new Istanbul Airport:
- Esenyurt: One of the most important areas affected by the presence of Istanbul's new airport, and one of the most important aspects of real estate investment in Esenyurt is the rise in real estate prices at a rate of 8.33% in the past year. The price per square meter within Esenyurt reached 2243 Turkish liras!
- Basaksehir: One of the most important areas that was also clearly affected by the presence of the new Istanbul airport in the region, real estate prices in Basaksehir have increased by 7.94%, and the price per square meter has reached 3496 Turkish liras…
- Other areas affected by the presence of the airport also include: Eyup, Buyukcekmece, Çatalca, Sultan Ghazi and Arnavutkoy… Over the past year, general statistics showed an increase of 0.22% in real estate prices near Arnavutkoy and the areas we mentioned above!
What are the advantages of the new Istanbul airport and its effects on the economic revolution in the region?
- The new Istanbul airport provides travel and transportation seats for approximately 225,000 citizens.
- Istanbul's new airport is considered the largest airport in the world, which contains more than 300 flight points, 250 of which are international points.
- There is a car park within the airport that can accommodate about 40,000 cars!
- The safety rate within the new Istanbul airport is very high, as the airport has been surrounded by security radars, control systems, cameras and human security forces.
- There are many security facilities within the airport, including manpower, equipment and advanced digital cameras distributed in various corners of the airport.
- The airport provides flights that take about 3 hours of travel to about 41 countries and flights of about 3 hours to about 66 countries. In Istanbul's new airport, designed according to the latest modern designs, there are rooms for children, restaurants, mini-resorts, conference halls, health units, quarantine rooms, and a hotel with 451 rooms!
- Work is also underway to open a new metro line in Istanbul to connect the new airport in Istanbul and other metro lines.
The impact of the new Istanbul airport on the real estate sector in Istanbul within the areas near the airport!
The opening of the new Istanbul airport bore positive results and effects on the level of all sectors of the economy in Istanbul, including real estate investment… The components and returns of tourism have risen, the tourism activity in Istanbul has increased exponentially, and real estate investment opportunities have increased within the areas surrounding the airport… Real estate prices near Istanbul's new airport are witnessing an increase, especially real estate located in the Basaksehir area, which in turn increases profits and investment returns as a result of real estate investments and attracts more investors and pushes them to invest in Turkey within these areas. We add to all these factors the government support provided to the real estate sector and the decisions that the Turkish government constantly issues with the aim of attracting large foreign investors to Turkey for investment by reducing taxes and fees on real estate investments and granting Turkish citizenship by buying real estate in Turkey and much more other factors…
Istanbul's new airport is a real turning point in the Turkish and global economy...
Turkey aspires to establish more vital projects in Istanbul and in various Turkish states to make Turkey one of the ten most powerful economies in the world! It is expected that during the next year 2022-2023 airport revenues will increase to constitute approximately 5% of economic revenues in the world! Many real estate investments await you within the areas near the new Istanbul Airport.. Take advantage of the golden opportunities!
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