3rd Airport’s Effect on Real Estate Prices in Istanbul

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The third airport, which stands out as one of Istanbul’s mega-projects, has flown property prices yet. Housing rents in the region are up to 72 percent. Here is sahibidex real estate data.

Sahibinden.com Real Estate Index According to January 2017, when completed, the world’s highest passenger-capped airport, which is expected to be the third airport route for sale houses in square meters for the last three years, an increase of 72 percent in the report took place.

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Sahibinden.com Real Estate Index According to the January 2017, the largest change in prices in square meters in the last 3 years in residential houses, with a 72.2 percent increase in the district was Arnavutköy and the average square meter price was determined as 2.612 TL. The increase in rental housing was less. The price of square meters in rented houses in the district increased by 6.4 percent and reached 8 TL.

In Çatalca, there is an increase of 55.7% in the prices of square meters for sale in the last 3 years and the average square meter price was determined as 2.223 TL. In the rental houses in the district, the square meter prices increased by 35.8 percent and an average of 8 TL.

In another district, Eyüp, where the third airport passes, the square meter prices in residential houses increased by 50.2 percent in the last 3 years and reached 5.437 TL. The increase in the price of square meters of rental housing is recorded as 11.5 percent with an average of 17 TL.

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