Real estate in the already burgeoning suburb of Beylikd?z? on the western side of Istanbul is about to receive a further boost with the announcement of a new Metrobus connection to the center of Istanbul.
Scheduled to open next year, the Metrobus line will run between S????tl??e??me, a neighbourhood on the Asian side, and Beylikd?z?, facilitating over 1 million commuters every day stated the city?s Mayor, boosting property demand and in turn prices due to the easier and increased access. ?
Istanbul Metropolitan Municipality has set a budget of TL 100 million (?50 million) to complete the fourth phase of the Metrobus project with the line having 10 new stops, underground stations and the terminal at Beylikd?z? located in a large square which will become a focus of the area 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 couple of months and within a year it will now be much easier for the fast growing population of Beylikd?z?, currently at 186,000, to commute into the center of Istanbul.?
Beylikd?z? is now one of the fastest growing suburbs of Istanbul with the population predicted to increase to 1 million over the next five years. Located within the B?y?k?ekmece county, Beylikd?z? is becoming home to middle-income Istanbullians who are keen to take advantage of living in a well serviced and nice district away from the overcrowded Central Business District.
There is a seaside resort close by, only a 10 minute drive away which is one of the most popular day and weekend break destinations for the local residents of Istanbul.
The district is also close to the 2 major motorway routes that go directly into central Istanbul. Ataturk International Airport is 20 minutes away and the new Silivri International Airport will be only a 10 minute 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 Beylikd?z? area.
So therefore access to the area itself for both Istanbul residents and people from further away including foreign visitors is very good.
In response to continuous and high local demand, development of residential property is very much underway in Beylikd?z? with high quality developments such as the Istanbul apartments of No1 Knightsbridge being construction.
As Steven Worboys observes,
?The European suburbs of Istanbul have evolved into a hotspot for new residential developments. Property values have been consistently increasing in Beylikd?z? and the news of the improved access combined with the availability of finance has allowed many additional investors to capitalise on this excellent opportunity for significant capital appreciation as well as rental income.?
The apartmentsThe 1, 2 and 3 bedroom Istanbul apartments of No1 Knightsbridge can be secured with an initial investment of only ?23,250 with the 70& loan to value mortgage for EU buyers. Only a couple of sea view apartments are left so for more details please contact Experience International on + 44 (0) 207 321 5858 or go to Exprience-International.com.
pineapple express champions league highlights chimera chaos faction 2 sputnik jumanji jessica simpson
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.