JLL Turkey researched the reflections of giant projects on real estate. Eurasia Tunnel will trigger urban transformation. The new highway will create commercial areas, Bay Bridge residential areas.
New infrastructure and transportation projects are reshaping the real estate sector. In the regions where the projects are built, logistics, office and hotel investments are developing and the urban transformation process is supported. Avi Alkas President of the country where JLL announced by Turkey "Real Estate Market takes shape again" according to the report, and around or under construction, which will begin 3. Bridge and North Highway, Tunnel, Istanbul-Izmir Motorway, 3. Projects such as the airport, new cities, the Port City and the Organized Harbor Area will create new development and investment opportunities. Real estate trends in Istanbul will change in line with the needs of these projects. For example, the Eurasia Tunnel will trigger urban transformation, and the Istanbul-Izmir Motorway will create new residential areas, and the Northern Marmara Motorway will trigger the logistics supply.
FIRST BRIDGE AND NORTH MARMARA HIGHWAY
New commercial and industrial areas are expected to be developed around the YAVUZ Sultan Selim Bridge and the Northern Marmara Motorway. Especially, with the establishment of the connection of the Northern Marmara Motorway with the Istanbul Highway, it is expected that there will be an increase in the supply and demand for the existing logistics and industrial areas in the region. The same impact is also expected in the new customs zone in Çatalca.
LİMANKENT PROJECT
Logistics demand will increase PortKent, 3. It is planned to be adjacent to the airport. 3. airport, 3. With the completion of the bridge, North Marmara Highway projects, the accessibility of Liman Kent will be increased by road and air, thus the project will become an important center for logistics. The Organized Port Zone to be established in Kocaeli will support the growth in logistics supply.
EURASIA TUNNEL
The AVRASYA Tunnel, which will support urban transformation, is being constructed as a tube gateway between Istanbul and Kazlıçeşme and Göztepe. Tünel and Göztepe are expected to raise housing prices. Tunnel will accelerate urban transformation and new constructions in Zeytinburnu region.
ISTANBUL-IZMIR HIGHWAY
Istanbul-Izmir Motorway, which will develop cities, including KÖRFEZ Bridge, will develop cities on its route. The project will increase land and house prices in Izmit, and housing projects will increase.
FIRST AIRPORT
The new city to be developed will be integrated into the new city project to be developed with the transformation process of the old mines in the region. Although the details of the project are not yet finalized, the airport city is expected to host a million people, universities and campuses.
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