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Eurasia tunnel raises property prices in Istanbul

As the construction of the Eurasia Tunnel draws to a close, studies, statistics and figures on the economic and life benefits of the Eurasia Tunnel will increase

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2016-10-04 Last update 2020-02-21

Eurasia tunnel raises property prices in Istanbul

As the construction of the Eurasia Tunnel draws to a close, studies, statistics and figures on the economic and life benefits of the Eurasia Tunnel will increase. The tunnel, to be opened on December 20, will be connected for the first time between the two sides of Istanbul by a road tunnel. Which takes between 100 minutes to 15 minutes, will greatly reduce traffic congestion and, of course, significantly increase the value of properties in the areas it passes through, such as the areas of Uskudar, Kadikoy, Fatih, Zeytinburnu, and Bakirkoy.

Eurasia tunnel raises sales prices by 41%
In the latest study by TSKB to evaluate real estate, showed that during one year recorded the properties mentioned areas increased by more than 41% in sales prices, and by 25% in rental prices, reported Ms. "accepted Lionel Maya" Director - General for TSKB to assess the real estate, Since the projects and areas of real estate are not widespread at the exit of the tunnel in the European Union and the surrounding areas, the impact was on the real estate areas located near the tunnel outlets and surrounding areas on the Asian side, and stressed that the most areas that have gained high real estate value thanks to the project: Merbankoy, Kosuyolu, and Acibadim in the Uskudar area on the Asian side of Istanbul.

The most advantageous areas of the tunnel

Ms. Maia also confirmed that the Zeytinburnu and Bakirkoy areas will be one of the most European regions in the acquisition of high real estate value thanks to the tunnel project, and that this increase in the value of properties will be particularly concentrated on the coastline of these two regions, adding that the price per square meter of the property in projects In addition to the Marmaray line and the Eurasia Tunnel line, there is expansion of the coastal road in these areas, which will greatly reduce traffic congestion, and will make the areas of Bakirkoy Zeytinburnu is a real estate attraction.

The areas of Gungoren, Behclievler, and Merter from the European side, which will witness the opening of the Eurasia Tunnel Project, will increase real estate value in the short term 
 
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