One of Istanbul’s forgotten districts, Esenyurt, is said to be holding the lead in terms of Istanbul’s real estate sales business. The district which seems to be the first place in Istanbul where the highest number of residences were sold, will continue in this trend throughout 2018.
How Much Will It Go On?
The Chairman of Özyurtlar Holding Executive Board, Tamer Özyurt, has articulated that this attention is expected to continue for several more years and Esenyurt will continue to hold the lead. Özyurt has recorded that 3,238 residences were sold in December 2017 and 39,676 residences were exchanged. He also underlined that the most sales had happened in districts neighboring the Metrobüs (Istanbul’s bus rapid transit) lines, including Esenyurt.
Rising Prices and Large Scale Projects
The prices debut from 175,000 Turkish Liras and go up to 200,000 Turkish Liras. Özyurt has underlined that branded constructions have a role in this rise. Özyurt put forward that rising large scale projects in the area also point to a further raise in revenues and that is why resident projects are seen as an advisable area of investment.
Esenyurt Can Be a Center
The Esenyurt district is also significant in terms of its close proximity to some new investment projects such as the third new İstanbul airport and Yavuz Sultan Selim Bridge. When the Esenyurt metro project will be completed, the distance between Bakırköy and Tüyap stations will take as low as 25 minutes in the future.