Home Recent News 10 Regions Expected to Come to the Fore in Residential Properties

10 Regions Expected to Come to the Fore in Residential Properties

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1.Istanbul / Kayaşehir

Properties in Istanbul
Istanbul

The average square meter residential property prices in the region rose from between 700 to 2 thousand 200 TL in 2013 to the range between 2 thousand 500 – 3 thousand 300 TL in 2016. Together with the 65 thousand property satellite town project developed by TOKI, Kayaşehir is being presented as the best planned satellite town of Turkey, with its social amenity areas, green areas, parks and wealth social areas. The close proximity of Kayaşehir to the link roads for the Third Bridge and the Third Airport increase its likelihood of being preferred. With the structure of the region, which is developing, its location, its close proximity to the new connection roads and the continued investments, it is expected that demand will increase and that the region will continue to rise in value in the future.

2. Istanbul / Zekeriyaköy

The average square meter residential property prices in the region rose from between 2 thousand 700 to 2 thousand 200 dollars in 2013 to the range between 2 thousand 200 – 3 thousand dollars in 2016. Zekeriyaköy is at an advantageous location, in close proximity to the Northern Marmara Highway, the Yavuz Sultan Selim Bridge and the Maslak region, where the most important business centers of Istanbul are situated. As well as its location, it is a region which is expected to continue rising in value in the future due to the forestry areas it houses in a metropolis like Istanbul, its green areas, social amenity areas, the clean and tranquil life it offers close to the city and its new projects which are increasing in value. There has been a limited change in the prices – in dollar terms – in the last three years, but the main reason for this is the fluctuations in the exchange rate.

3. Istanbul / Maltepe – Kurtköy

The average square meter residential property prices in the region rose from between 2 thousand 500 to 3 thousand 200 TL in 2013 to the range between 4 thousand 500 – 5 thousand 500 TL in 2016. The Maltepe – Kurtköy line is a region where investments have gained pace and the variety of projects has increased, in the Anatolian side in the last few years. The sales prices of residential properties have increased by almost 50 percent in the last few years. The Kadıköy – Kartal railway system, which entered into service in 2012, and which was recently extended to Pendik, the search for land for new projects due to the lack of vacant land stock on the European side and the move of settlements to the Maltepe – Kurtköy line as a result of the urban transformation in the district of Kadıköy, can be listed as the reasons for the increase of demand for property in the region.

4. Izmir / Mavişehir

izmir
Izmir

The average square meter residential property prices in the region rose from between 2 thousand 900 to 3 thousand 500 TL in 2013 to the range between 5 thousand – 5 thousand 500 TL in 2016. With the completion of the projects directed at the use of the coast in Izmir, the social life and the socio-economic level in the region have increased, due to the fact that the 40 km coastal promenade from Üçkuyular to Mavişehir, the cycling route, cafeteria, service units, children’s playgrounds, sports fields and special landscaping projects are to be completed in 2019, new ferry ports are to be built in Bayraklı, Göztepe,Üçkuyular and Mavişehir, marinas are to be built in the districts of Göztepe, Karataş, Alaybey and Bostanlı, a tramway is to be built between Alaybey and Mavişehir (the Karşıyaka tramway – 9,7 km) and the building of luxury and elite projects.

5. Izmir/Bayraklı

The average square residential property prices in the region rose from between 6 thousand to 8 thousand TL in 2013 to the range between 9 thousand – 10 thousand TL in 2016. The completion of the planned projects and the projects which are currently under construction will cause prices in the region to rise even further.

6. Izmir/Bornova

The average square meter residential property prices in the region rose from between 2 thousand 500 to 3 thousand 500 TL in 2013 to the range between 4 thousand – 5 thousand TL in 2016. Transport connections will increase with the Aegean University – Evka 3 metro line being connected to Bornova center with a tunnel 1 km under the ground, the tramway to be built between Bornova Center – Bayraklı Courthoouse (the Bornova Tramway – 4,5 km), the coach terminal on Homeros Bulvarı being connected to the ring road and Yüzbaşı İbrahim Hakkı Caddesi in Bornova being connected to Altınyol and the road to Manisa.

7. Ankara / Eskişehir Road

Flourishing Regions of Ankara
Ankara

The average square meter residential property prices in the region rose from between one thousand 500 to 3 thousand TL in 2013 to the range between 3 thousand – 10 thousand TL in 2016. In the last 10 years, residential and business areas have begun to be established in a speedy manner, around settlement areas such as the road to Eskişehir, Ümitköy, Çayyolu and Bağlıca, on the south-western axis of Ankara. Despite the fact that these areas are far from the city center, they are able to offer all of the opportunities of the center, and together with the residents of Ankara beginning to seek complex living and green areas in recent years, and their migration out of the city, there has been an interest in the said districts and neighborhoods. Other factors which have caused values to increase in the region are the recent move of new and modern hospitals, universities, entertainment areas and shopping centers, to the west, as well as the metro line which went into service recently and the increase in bus and dolmush journeys.

8. Ankara – İncek

The average square meter residential property prices in the region rose from between one thousand 600 to 2 thousand 500 TL in 2013 to the range between 2 thousand 500 – 8 thousand 500 TL in 2016. İncek has become the most popular residential property investment region of Ankara in the recent years, and according to the new trends, luxury residence type buildings and large scale residential property projects have started to be built. The close proximity of Morgan Lake and İncek Bulvarı, which is located in Gölbaşı, to the city center, its clean air, sufficient parking spaces and its views overlooking the Hacettepe and ODTÜ forests, provide serious advantages for the region. The fact that there are no infrastructure or traffic problems on İncek Bulvarı is another reason why it is being preferred.

9. Bursa / Balat

Bursa, Turkey
Bursa

The average square meter residential property prices in the region rose from between 2 thousand to 2 thousand 500 TL in 2013 to the range between 3 thousand 500 – 4 thousand 250 TL in 2016. The region continues to increase its appeal with the commercial units on Balat Caddesi starting to be preferred by branded companies, concept residential projects and the social areas which are being created.

10. Bursa/Altınşehir

The average square meter residential property prices in the region rose from between one thousand to one thousand 500 TL in 2013 to the range between 2 thousand 500 – 3 thousand TL in 2016. The appeal of the region continues to rise due to the continued increase in the social areas on Ahmet Taner Kışlalı Bulvarı, where transport access to the Mudanya Yolu and industrial zone have been improved with the metro line followed by the road works in the northern direction, and the fact that the region has become a center which is able to meet all of its needs itself, with the business and shopping centers, which are currently under construction.

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