Urban Transformation Projects and Flats in Istanbul .

If the process of “Urban transformation”, which is one of the most significant topics of the Turkish real estate is managed properly, it will serve as a “doping” for the real estate sector by solving spatial problems, accommodation problems and transforming illegal flats into legal flats. Within this framework, the progress of urban transformation in the future will deeply influence the sector. Success and increase of volume of urban transformation will modify the manner how the sector functions and lead to adoption of new financial methods and differentiation of the actors in the sector.

The influences on Istanbul Real Estate Prices and new Istanbul Transportaion Projects.

The Istanbul Metro and the metro lines have become a significant dynamic for development of the city and the real estate projects. The currently operational lines are between Kartal-Kadıköy, Yenikapı-Hacıosman, Kirazlı-Başakşehir and Aksaray-Atatürk Airport in Istanbul and it is expected that the lines of Kartal - Kaynarca, Üsküdar-Sancaktepe and Levent-Hisarüstü lines, which will be opened in the near future will contribute the transportation in Istanbul and they will have significant influences on the prices of homes in Istanbul. With the projects carried out so far, it is a well-known fact that the metro increases the prices of properties.

The political environment influencing the action plans of global investors is one of the most determining factors of the future for the real estate sector in Turkey. Political stability is the prerequisite for Turkey, aiming to be at the front rows of developing countries.

The mega projects in Istanbul in the agenda of Turkey are as follows: The 3rd Bridge, the project within the scope of the North Marmara Highway project will be located on the North part of Bosphorus in Istanbul, it is located in the section of Odayeri - Paşaköy and provides transition from Garipçe to Poyrazköy. It is planned to carry passengers from Edirne to Izmit with the railway system in integration with the North Marmara Highway. It is also considered to integrate the Railed System that is planned to pass over the Bridge, with Marmaray and the Istanbul Metro. When previous examples in the past are reviewed during evaluation of a project of this scale, it is observed that the 2nd Bridge, “The Fatih Sultan Mehmet Bridge”, had a significant share in development of Istanbul towards north and that the new settlement areas had been formed with this bridge which allowed  the new sub-centers to be formed in Istanbul in time.

Channel is one of the largest and most comprehensive projects announced within the  framework of the Istanbul 2023 vision. The urban macro form of Istanbul will be changed completely in the event that it is implemented. It is planned to divide the city into two peninsulas and one island and to create a new route for marine transportation between the Marmara and the Black Sea. The project causes intensive discussions both due to its content and size and also due to its prospective influences on the city and the nature. The project comes forward as a significant project in which the real estate sector could become a direct stakeholder with the dimension of business and residential investments.

Buying property in Turkey can be a great investment as well as giving you a fabulous place to spend your holiday. Property in Turkey is wisely, safely and profitably. Turkey is now the only secular Muslim country and combines a heady mix of east and western cultural influences.