Istanbul's new airport is a real revolution and an achievement that resonated on the global level and not only on the scale of Turkey or the city of Istanbul, it had many dimensions, including on the economic side and others on the real estate side, and others.
In this article, we will talk about The Impact of Istanbul Airport on the Real Estate Sector in Istanbul
The impact of the new airport on real estate in Istanbul
The airport is located on the European side of Istanbul, about 35 km from the city center. The new airport is expected to have a significant impact on real estate in Istanbul.
The first thing that will happen is that real estate prices in the areas around the new airport will rise because it will make these areas more accessible and convenient for both local and international travelers.
The other impact of the new airport will be an increase in tourism to the city which is already a very popular tourist destination, but the airport will make it easier for people to visit and this increase in tourism will lead to more investment in the city, which will lead to an increase in real estate prices.
The impact of Istanbul's new airport on the Turkish economy
It is the world's largest airport by physical size and is also one of the busiest airports in the world, handling more than 90 million passengers annually.
The new airport has had a positive impact on the Turkish economy, as it has created jobs, boosted tourism, and has also helped improve Turkey's infrastructure.
The new airport is a symbol of Turkey's economic success, as it is a modern and efficient airport that can handle a large number of passengers and cargo, as well as a beautiful building that has become a landmark in Istanbul.
Urban specifications of Istanbul's third airport
The airport has six runways (three parallel pairs), a total length of 576 kilometers (358 miles), a capacity of 200 million passengers per year, and is designed to serve as a hub for Turkish Airlines and other airlines operating in the region and has two terminals: Domestic Terminal 1 and Terminal 1 No. 2 for international flights and the third terminal is currently under construction.
Areas adjacent to Istanbul Airport to buy real estate
If you are looking for real estate for sale in Istanbul, it is preferable to choose distinguished strategic locations such as those close to strategic projects such as the airport or the new canal, etc. The following are the most prominent areas near the airport and some of their advantages:
First: Basaksehir area
Basaksehir is located on the European side of Istanbul and it only takes 30 minutes to reach Istanbul Airport by car. The area is also well connected to other parts of the city via highways and public transportation.
There are 4 metro lines (M1, M2, M3, and M4) that pass through Basaksehir, which makes it very easy to get around. In addition, the Marmaray Line (undersea train) connecting Europe and Asia also has a station in it.
It has all the social facilities that you need for a comfortable life such as hospitals, schools, shopping malls, parks, etc. In addition to that, many new construction projects are going on in the area.
Second: Beylikduzu area
It is a major center for real estate investment in Istanbul, and it is one of the most advantageous places to buy real estate. The prices are very reasonable when compared to other areas in Istanbul. The transportation infrastructure is also very good and it only takes about 30 minutes to get to the city center by public transportation. In addition, In Beylikduzu, there are many social facilities such as hospitals, schools, and parks.
Third: Kucukcekmece
As one of the most densely populated areas in Istanbul, Kucukcekmece is an attractive option for those looking to buy property in the city that, in addition to its large population, also offers several other benefits that make it a great place for investment.
It is strategically located within Istanbul, giving easy access to the European and Asian sides of the city, and is also well connected to public transportation, with several bus and metro lines running through the area.
Another advantage of buying property in Istanbul is that it offers a more affordable option for those looking to buy real estate in Istanbul. Prices are much lower than in other parts of the city, making it a great option for buyers on a tight budget.
Fourth: Arnavutkoy area
- It's a great time to buy property in Arnavutkoy as the area is set to benefit from increased infrastructure development and investment in the coming years.
- Istanbul's new airport is set to bring many new jobs and opportunities to the region, making it a great place to live and work.
- Real estate prices are still relatively reasonable compared to other areas in Istanbul, which makes it a great investment opportunity.
Read also Arnavutkoy in Istanbul
Is this the right time to buy a property in Istanbul?
There is no easy answer when it comes to the question of whether or not now is the right time to buy a property in Istanbul, as the market is constantly changing and the right time is determined by your goal of purchase. Is it housing and stability, investment and profit, or the desire to obtain Turkish citizenship? However, if you are serious about buying real estate in Istanbul, researching and consulting with experts in this field is the best way to ensure that you make a wise investment especially if this is your first experience or if you are not well informed.
In the context of talking about the new airport and the reflection of its presence in that city, it should be noted that the European side will be more affected than the Asian side, and this is one of the main reasons that prompted investors to flock to it in abundance.
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