Urban Renewal District On The Anatolian Side Has Increased The Demand For Luxury

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Acceleration of urban transformation and renewal work on the Asian side of the building has increased the demand for housing in the upscale neighborhood of risk.


After the 1999 Marmara Earthquake Who moved from Etiler, Baghdad Street and Kadikoy  because of “Ground robust ” who flock to the grounds Ümraniye homeowners began to return to the Kadikoy district along with the consolidation of the structure. Kentpark General Manager Sertac Kıyıcı said that “Caddebostan is located in Kadikoy district boundaries along with the conversion,  Göztepe, Kalamış and Maltepe, it began to turn back from the districts as Cekmekoy and the situation has increased 100 percent the price for rent. Kıyıcı also added: the rent usually was 500 thousand liras in Caddebostan but now went up to 3 thousand liras and more over.


Decision describing the work of urban transformation in the Anatolian side Kentpark General Manager Sertac Kıyıcı as they perform work of urban transformation in Caddebostan. Kıyıcı says, ” Currently we have 29 flats in construction work with Göztepe. There are projects we have developed in Kalamış. A total of 3 thousand square meters were licensed in Kalamış that there was a plot.  We aim to start this year the construction works “he said. Kıyıcı indicating that a total of 30 eligible in Kalamış is that with only 3 rights can not be an agreement from them and emphasized that they provide 2/3.


In addition, Kıyıcı says: “investment costs for urban renewal projects in the Anatolian side where there is an investment cost of 30 million TL in Kalamış. Göztepe has between 10 million and 15 million investment costs in the Caddebostan which is he explained. Sertac Kıyıcı more  describe which is the Turnover and that We expectate that is year 20 million worth of turnover. Our goal in 2017 of 40 million. We are talking about 70 apartments in total urban transformation” he said. Conversion also talked about the rights and Kıyıcı made ​​to work with the rent subsidy, the words said: “We do rent the apartment owners to help in the destroyed homes. This job takes 16-17 months, monthly three thousand apartments, rental assistance are paying about 50 thousand pounds in total.”


Kıyıcı also says: “Urban transformation increased with demand for rental and sale in the opposite cycle underlines  , apartments for sale increases the conversion. On average 25 percent of all building contractors staying 4-5 building becomes sale in each building. This is increasing the supply of the sale. Construction will be Istanbul’s resistant to a region after the earthquake. He said already began to purchase investment property.


After the 1999 earthquake risk buildings 80 percent rate identified in the Kadikoy District in Istanbul that most migration in 39 districts with 15 percent of Kadikoy district. 11 percent Maltepe Kadikoy percent, with 8 percent in Maltepe, followed percent with 5 percent Ümraniye and 4 to Kartal. In Ataşehir 15 percent move from Kadıköy, Üsküdar The rate of transport was observed as 8 percent. Urban transformation, the Anatolian side came to the fore in moving mobility. Rental prices have increased along with the conversion of up to 100 percent. Converted to the average square meter of housing for sale in the crispy baby up to 21 thousand liras. 17 thousand 739 liras Yenikoy, Etiler 15 thousand 559 liras , EMIRGAN 13 thousand 789 liras, in Istinye climbed to 13 651 liras.


People began to turn into the city now pointing Kıyıcı was continued as follows: After the earthquake many people had fled in Kadikoy. They want to go back. Therefore, the increased demand for new buildings outside the city in Kadikoy case . most Maltepe Street, comes from Çekmeköy region.

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