How Does Üsküdar-Çekmeköy Metro Affect The House Prices?

Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0

In Istanbul, projects are being developed to facilitate and speed up transportation. Transportation projects also directly affect housing prices in the region. Üsküdar-Çekmeköy metro line, which was started to work in 2012 and planned to open in the last month of 2017, is expected to affect real estate prices closely.

uskudar-cekmekoy-metro-line.jpg

Üsküdar-Çekmeköy metro which is the first driverless subway line of Turkey and 27 minutes between Üsküdar-Sancaktepe. Metro, Üsküdar, Fıstıkağacı, Bağlarbaşı, Altunizade, Kısıklı, Libadiye, Çarşı, Ümraniye, İnkılap Neighborhood, Çakmak, Ihlamurkuyu, Altınşehir, High School, Dudullu, Toplu Konutlar, Çekmeköy and Sancaktepe stations.

According to Zingat.com's Regional Report results, house prices for sale for the last 5 years increased by 131 percent due to subway projects. With the new subway line, housing prices have been evaluated in Üsküdar, Çekmeköy and Sancaktepe over the past year. Here is important information for those who want to invest in real estate in these regions …

Üsküdar, one of the central points of transportation network, is on the agenda with Üsküdar-Çekmeköy metro. Zingat.com Regional Report 2017 According to October data, the resale price for a 100-square-meter residence in Üsküdar ranges from a minimum of 352 thousand 688 TL to a maximum of 587 thousand 813 TL. The sale price for an average 100 square meter residence is 470 thousand 250 TL. The return on investment for the property given to the rent is also 23 years.

According to the Zingat.com Regional Report, the selling price for an average 100 square meter residence in Çekmeköy, one of the developing provinces of Istanbul, ranges from a minimum of 224 thousand 480 TL to a maximum of 374 thousand 134 TL; the average residential sales value is 299 thousand 307 TL. Rental prices in Cekmekoy vary between TL 843 and TL 405. The average rental price of an area of ​​100 square meters in the region is 124 thousand TL. The depreciation period for the property given to the rent is calculated as 22 years.

The sale price for the average 100 square meter residence in Sancaktepe, which is one of the premium districts of Istanbul, is 237 thousand 906 TL. Veysel Karani was in the district with the monthly increase of 2 percent in the neighborhood where the price of residential house for sale increased the most. The price of the flat for sale in Veysel Karani Mahallesi is 3 thousand 915 TL.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *