İzmit Gulf Transit project has brought life to Yalova, which is dressing the wounds it received in the 1999 earthquake. The town, where reaching to Istanbul has become easier together with the project, has started to become a center of attraction for both domestic and foreign investors.
Yalova, where a large number of local giant construction companies are developing real estate projects in quick succession, has also become a center of interest for Arab investors. Following luxury housing projects and thermal hotels, there are no large scale estates remaining in the center of the town.
Having been added as a district of Istanbul in 1930, on the request of the great leader Atatürk, Yalova took on the sub-districts of Armutlu (Bursa), and Altınova, Subaşı and Kaytazdere (Kocaeli), within its own boundaries, and became a province, with the Statutory Decree dated 5 June 1995.
The fate of the town changed together with the Gebze – Orhangazi – Izmir Highway project, which is planned to be opened in the first quarter of next year. The project will reduce the time it takes to travel between Istanbul and Izmir to 3.5 hours. It has ensured that both domestic and foreign investors have gravitated towards the town. Branded housing producers, such as Ağaoğlu, Taşyapı and Demir Construction are scrutinizing the town closely, while the Arab investors who are showing an interest in the town have entered into a race to buy land.