Izmit Bay Bridge to Add Value to Yalova

The suspension bridge planned between Izmit and Altınova, on the east of the Sea of Marmara, is progressing towards being the second biggest in Europe.

izmit yalova map

The second biggest bridge in Europe

Tahsin Becan, the Chairman of the Yalova Chamber of Commerce and Industry, who made a statement concerning the Izmit Bay Bridge, said, “The Bay Bridge will make a great contribution to our city. This bridge is the 4th largest bridge in the world and the 2nd largest in Europe. The highway connections of the bridge are also continuing. When the bridge has been completed, there will be a third side to Istanbul. The regions in Yalova, where the highway is to pass through, have already been taken by industrialists from Istanbul. They see this area as being important from the aspect of logistics.”

There is an increase in the sales of properties to foreigners

Yalova

Becan also referred to the real estate sector in Yalova, saying, “20-30 years ago, Yalova real estate sector had only been perceived as a summer resort comprised of villas. There were not even any properties with radiators. People used to come here only in the summer. However, as the years passed, this cycle changed. Yalova has now started to develop in a different direction. Yalova has always been a place preferred by Arab tourists due to its thermal facilities and nature. The Arab world has a fondness for Yalova because of this. This disappeared for a while, but began again in the last 2-3 years. Indeed, the Mayors of Dubai even have properties here. There are people who come from Saudi Arabia, Iraq and Iran. When we look at Yalova, the city is considerably ahead in terms of the sales of properties to foreigners, which is said to make a serious contribution to the economy of Yalova. There has been an increase of more than 10 times in the sales of residential properties to foreigners in the last 6 years. When we look at 2015, the purchase of residential properties by foreigners increased by a further 100 when compared to the previous year, reaching 291 units.”

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