Görkem Öğüt, Founding Partner and CEO of İndeksa.com, which operates as a technology-focused real estate valuation platform, said that the Kanal Istanbul project’s Küçükçekmece, Basaksehir, Esenyurt and Arnavutköy districts led to an increase in real estate prices.
Indeksa Founding Partner and CEO Görkem Öğüt stated that the real estate prices in the regions of the channel Istanbul project for the last 3 years have been increasing and the highest increase is in Arnavutköy. According to the data of Endeksa.com, as of the end of September, the average residential square meter sale price in Arnavutköy is 2,200 TL and the return period of the residence investment is 25 years.
Başakşehir is second after Arnavutköy
Channel stated that Başakşehir came in second place in real estate appreciation due to Istanbul. “Başakşehir’s Güvercintepe, Şahintepe, Kayabaşı and Altınşehir districts are the areas with the highest value increase due to the project. According to index data, the average residential sales price in Basaksehir is 3.275 TL / m2, the return period of the housing investment is 24 years. The average residential sales price in Güvercintepe is 1.975 TL / m2, the return on housing investment is 22 years, the average residential sale price in Şahintepe is 2.200 TL / m2, the return period of investment is 27 years, the average residence price in Kayabaşı 2,800 TL / m2, return period is 25 years, average residence price in Altınşehir is 1,950 TL / m2, return period is 23 years.
Kucukcekmece and Esenyurt are two other important regions
Kucukcekmece and Esenyurt are the other two regions where Kanal Istanbul provides value increase. Öğüt said average residential sale price in Küçükçekmece is 2.900 TL / m2, the return period of investment is 19 years, the average residential sale price in Esenyurt is 2.075 TL / 19 years.