Metro line raises property prices in the urban area in Istanbul

The Sahibinden.com real estate website announced its 2016 real estate data. According to the data, the metro line project contributed to the 23.3% rise in real estate prices in the urban area.

Metro line raises property prices in the urban area in Istanbul
7,577
2016-07-21 Last update 2020-11-10

Metro line raises property prices in the urban area in Istanbul

The Sahibinden.com website has announced its 2016 real estate data. According to the real estate page, the metro line project has contributed to the increase in real estate prices in the Omrania area by 23.3% in one year and 59% in three years.

The construction of an urban area has recently become one of the most important areas of Istanbul, thanks to several important projects, such as the Istanbul Financial Finance Center project, which is under construction, and the metro line project to be inaugurated by the end of this year, The new construction and real estate projects in the region, making the region an important center for real estate investment, and contributed to the increase in real estate prices in them significantly compared to previous years.

According to the Sahabandex real estate index, the largest real estate data service prepared by Sahibinden.com, a real-estate website, the price per square meter of property in May 2016 increased by 49% over the years The last three in the region, and the most high prices in real estate of type 2 + 1, where the rate of rising prices in this type of real estate about 68%, bringing the price per square meter to 3 thousand and 544 pounds.

It is also noted that the high real estate prices in the Omrania area have been reflected in rental rates. According to the above indicator, the rental prices for new properties in the region have increased by 78% in the last three years.

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