Jun 21, 2022

Airport Istanbul - Attracting Facts: Real Estate Investment

Airport Istanbul - Attracting Facts For Real Estate Investment

Airport Istanbul is the most important international transit station

Airport Istanbul is today considered one of the most important giant projects implemented by the Turkish government. The airport has begun to change the face of Turkey, becoming one of the largest airports in the world, and Istanbul has become one of the most important international transit stations.

Let's take an idea of the most important facts about new airport Istanbul:

- Airport Istanbul has emerged as the largest international airport in the world, and is one of the most important mega projects in infrastructure that the Turkish government has worked on in recent years.

•  The new airport Istanbul will indirectly guarantee 1.5 million jobs, and 100,000 people will work at Istanbul Airport in the first phase, with the number reaching 225 thousand when the airport’s entire phases are completed in 2023.
•  New airport Istanbul has an important strategic location in the European section of Istanbul on the Black Sea in areas open for investment and future real estate construction.
• The airport extends over an area of ​​67.5 million square metres.
• The new airport will have six runways, and is capable of receiving ninety million passengers annually in a first phase.
• The number of passengers in the second launch phase will increase in 2023. To 150 million passengers.
• About 10.2 billion dollars have been invested in the airport Istanbul project, and it is expected that the Turkish treasury will generate about 22 billion dollars in 25 years before calculating value added tax; This is according to the estimates of the Turkish Ministry of Transport
• 114 planes can be present together at the same time on the grounds of airport Istanbul.
• The new airport can operate three thousand flights per day.
• The Turkish government is working to extend a new metro line linking Istanbul city center and the new airport in no more than 25 minutes.
  
  The importance of real estate investment in the areas near Airport Istanbul:
   

The interest of real estate investors increases in areas that have advanced infrastructure and services that facilitate life and connect you with the outside world easily, and this increases the value of the area as an investment, and real estate prices in that area are rising rapidly.

The price per square meter in that area was 80 Turkish liras, and in 2016 the price reached between 250 and 300 Turkish liras, and it has been rising since the opening of airport Istanbul.

Investments in the areas surrounding airport Istanbul vary between residential units, shopping centers, hotels, industrial investments and commercial offices for large Arab, foreign and Turkish companies.

Especially in the regions of Bahcekent, Arnavutkoy, Catalca, Yenikoy, Silvri, Basaksehir, Bahcesehir and Hadimkoy; These areas have become areas of attraction and competition between major investors and real estate companies to build residential complexes and investment projects in them.

The areas surrounding Airport Istanbul have drawn the attention of large and small investors, companies and institutions.

In addition to the increase in real estate prices in the areas around Buyukcekmece, Beylikduzu and Esenyurt; These areas are the artery that feeds these huge projects that are being built around airport Istanbul.

The transportation network and metro lines to which airport Istanbul will be connected will affect the value of real estate investments in that region.

The most important of these projects (the metro line), which will contribute significantly to increasing the value of real estate prices in the region, and will contribute to alleviating traffic congestion in the center of Istanbul.

In addition, Airport Istanbul will be linked to Istanbul's third bridge, "Yavuz Sultan Selim", and the Northern Marmara Highway.

In addition to linking airport Istanbul with the huge investment projects that will be built around the new “Istanbul Canal” century project.

All this will contribute to eliminating the transportation problem and traffic congestion in the city, and increasing the real estate investment importance of these areas.