Real estate in the already up and coming suburb of Beylikdüzü on the European side of Istanbul is about to receive a further boost with the announcement of a new Metrobus connection to the center of Istanbul.
Due to open next year, the Metrobus line will run between Söğütlüçeşme, a district on the Asian side, and Beylikdüzü, facilitating over 1 million people every day stated the city’s Mayor, boosting real estate demand and therefore prices because of the increased accessibility.
Istanbul Metropolitan Municipality has set a budget of TL 100 million (£50 million) to complete the fourth phase of the Metrobus project with the service having 10 new stops, underground stations and the terminal at Beylikdüzü located in a large square which will evolve into a focus of the district in its own right.
Steven Worboys, Director of Experience International, the Istanbul property experts, comments,
“We are very happy to learn that the plans for the new Metrobus line are now in motion. Work is to start in the next few months and within a year it will now be even simpler for the rapidly increasing population of Beylikdüzü, at the moment at 186,000, to commute into the center of Istanbul.”
Beylikdüzü is already one of the fastest growing suburbs of Istanbul with the population expected to increase to 1 million over the next five years. Situated within the Büyükçekmece county, Beylikdüzü is popular with middle-income Istanbullians who are eager to take advantage of living in a well serviced and nice district away from the overcrowded CBD.
There is a nearby seaside resort, only a 10 minute drive away which is one of the most popular day and weekend break locations for the local residents of Istanbul.
The district is also close to the 2 major motorway routes that go straight into central Istanbul. Ataturk International Airport is 20 minutes away and the new Silivri International Airport will only be a 10 min drive.
In addition to the new Metrobus line, the metro train system is also due to be completed by 2011 with a number of stations in the Beylikdüzü area.
So you can see that access to the district itself for both Istanbul residents and people from further away including foreign visitors is very good.
In response to continuous and high local demand, the building of residential real estate is very much underway in Beylikdüzü with high quality projects such as the Istanbul apartments of No1 Knightsbridge being construction.
As Steven Worboys observes,
“The European districts of Istanbul have evolved into a hotspot for new residential developments. Property prices have been steadily increasing in Beylikdüzü and the news of the improved accessibility as well as the access to property finance has enabled many additional investors to take advantage of this rare opportunity for significant capital gain as well as rental income.”
The apartmentsThe 1, 2 and 3 bedroom Istanbul apartments of No1 Knightsbridge are available with an initial investment of as little as £23,250 with the 70& loan to value mortgage for EU buyers. Only a few sea view apartments remain so for more details please contact Experience International on + 44 (0) 207 321 5858 or visit Exprience-International.com.
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