50 Price Increase with Mosque and Cable Car

The giant mosque planned to be built on Üsküdar Çamlıca Hill and the cable car project that will follow will mobilize the real estate sector in the region.

The giant mosque planned to be built on Üsküdar Çamlıca Hill with the request of Prime Minister Recep Tayyip Erdogan and the cable car project that will follow will be expected to mobilize the real estate and accommodation sector in the region. Real estate prices are expected to increase by 10 to 50 percent throughout the region, while the price increase in commercial real estate is expected to be higher.
Nizamettin Aşa, the Second President of the Istanbul Chamber of Real Estate Brokers, stated that Çamlıca Hill is currently a social facility and said, “There are some villa type buildings. Their price is not low anyway. It may have an effect on undeveloped parts. The value of a building is measured by zoning, I guess that most of Çamlıca is in the prediction area of ​​the Bosphorus Law. There is no construction permit here. For this reason, existing old buildings can gain value.

Because, due to day trips, especially in the region may cause daily tourism movement. Setting up the lift can also increase the number of visitors. In the current state, maybe the region can make 50. But the rate at workplaces will be higher. However, if there is a change in development, this price will be doubled in at least two.

İlker Akçay, owner of Remax Rüya Gayrimenkul, predicts that the project will increase the prices by 10 percent in the region. İlker Akçay said, “While the prices of zoned lands in the region vary between 3 thousand 500 TL and 7 thousand TL, the square meter price of illegal buildings is 2 thousand 500 TL and 3 thousand TL; "The square meter price of old villas is around 5 thousand TL, while the square meter price of new villas starts from 5 thousand dollars." Noting that 80 percent of the buildings in the region are unconscious, Akçak said, “Particularly, their peer values ​​are very low. If the precedent values ​​are increased, the prices will increase ”.

COMMERCIAL REAL ESTATE

Istanbul Real Estate Appraisal (İGD) Managing Partner Ahmet Büyükduman said that, like any big project, this big project will create traffic around him, “Human and vehicle traffic will encourage some commercial activities around the project. A move should be expected especially in shop-like commercial real estate in the neighborhood of the project ”. He stated that the support of a monumental architect to be built in the region with transportation facilities that will facilitate access to that building will also have a positive effect.

TURYAP Çamlıca Representative Coşkun Şengün said that most of Çamlıca is located within the protected area and therefore it may affect the structure of Ferah neighborhood overlooking Ümraniye. Now it has started to revive. Contractors took the old buildings and started making them for floors. ”

Tayfun Kahraman, Head of the Istanbul Branch of the Chamber of City Planners, said that the area where the project is going to be made is now a first degree natural site and it cannot be done because there is a plan decision in this area.

However, he added that the commissions related to nature and environmental assets were established within the Ministry of Environment and Urbanization by leaving the Ministry of Culture and Tourism with the amendment, and said: “If this commission decreases the degree of the site, then if a plan change is made by the IMM and the ministry, of course, there is a mosque here. can be opened. But this is a natural protected area.

An area to be protected. It is a point to be protected in terms of Istanbul's silhouette. Regardless of the function of this construction here, it will soon be a precedent for new structures and will bring them with it. ”

Source: mynet

 

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