Bay Bridge doubled the land prices from Gebze to İzmir

The Gulf Bridge doubled the land prices from Gebze to İzmir: Gebze towards the end of the Izmir Highway Project. The project, where the Gulf Bridge leg will be opened in March 2, has increased the real estate-land prices in the region.

Third Airport or if a large public projects in the third bridge to the fore in Turkey is counting the days to move to more activities. The first phase of the highway, which is claimed to reduce the distance from Istanbul to 3,5 hours, will be activated in March. The Gulf Bridge leg of the project will start to serve with the first quarter of next year.

Izmit Bay Suspension Bridge, which was built within the scope of the project, which has mobilized land and housing prices up to 100 percent in the regions it will pass since its first announcement, will enable the transition from Dilovasi to Altinova. The opening of the bridge, which was planned to open in October but experienced technical problems, was postponed to March 20l6. The Gulf Bridge is important in that it provides direct access to Yalova and then to Bursa and Izmir without traveling around the Gulf of Izmit. The project also constitutes the first leg of the large Marmara project, which includes being able to circulate Marmara as a ring.

COMPLETED IN 2019

Gebze Dilovası, Yalova, Bursa Orhangazi, Bursa Karacabey, Susurluk, Balıkesir, Kırkağaç, Manisa and İzmir are among the regions that have gained the most value within the scope of the project and are expected to continue to gain value in the coming years.

The Japanese IHI, which was built with the Build-Operate-Transfer (BOT) model by the Nurol-Özaltın-Makyol-Astaldi-Yüksel-Göçay Joint Venture Group with the total cost of 9 billion dollars and also the Fatih Sultan Mehmet and Golden Horn bridges. is building the firm. The suspension bridge between Dilovası and Herzegovina is the world's largest project built with the BOT model. Thousands of middle span of 550 meters and a total of 2 thousand 682-meter-long bridge, Turkey's largest, and the world will be the fourth largest suspension bridge. The bridge is planned to be completed in March 2016, and the entire project is planned to be completed in 2019 and the Istanbul-Izmir route will be reduced to 3,5 hours by road.

Makbule Yönel Maya, General Manager of TSKB Real Estate Appraisal, says that the first effect of the project is on the plots, but the main effect will be seen with the completion of the Gulf Bridge and connection roads. Maya, “Gebze and Yalova are the affected areas in the first place. In the long run, impacts can be observed in the regions along the route and in İzmir. Especially, facilitating İzmir's transportation by road will increase the flow of tourists to the city. ”

TRADING FOLLOW

Cansel Turgut Yazıcı, General Manager of Eva Real Estate Appraisal, points out that the efficiency of the ports and marinas in the region will increase with the transportation of the land with the Gulf crossing project. Yazıcı, “When the bridge is completed, Yalova, Orhangazi, Iznik region will be more accessible and interesting tourism regions. "In Yalova, where transportation to metropolises such as Istanbul, Izmir and Bursa is easier, the internal migration will accelerate and the population will increase with the revival of economic life and the increase in industrial production."

Stating that the real estate market in Yalova has been in an upward trend for three years and the land prices in the region have increased by more than 100 percent, Cansel Turgut Yazıcı emphasizes that the districts on the Gebze-Orhan Gazi-İzmir Highway project route are the most preferred regions for land investment. Foreign investors continue their investments mainly in Termal, Çınarcık, Altınova and Armutlu districts where there are more hot springs. The printer stresses that they do not anticipate that the trend will continue at this pace but still expect upward movement.

OPEN THE SECOND WAVE

When each infrastructure project is explained, real estate prices around the project are also increasing. When the project is completed, real estate prices are increasing with the second wave. Real estate prices are expected to increase in the 20-30 band in the medium term, due to the ease of transportation and features of the project.

Drawing attention to the fact that the connection road to İzmir will be completed in 2019, Cansel Turgut Yazıcı says that the increase in the value of the route will continue gradually, though not so far, in this process, especially the lands close to the entrance and exit of the connection roads will benefit from the increase.

TSKB Real Estate Appraisal Special Projects Department Appraiser Specialist Selin Yıldız points out that Dilovası, located in the north of Izmit Bay Bridge, stands out with its industry and hosts private ports such as Poliport, Yılport and Efesanport.

In Dilovası OSB, Polisan, Dyo Boya factory, Assan Aluminum factory, Olmuksa recycling factory, Unilever factory are some of the important organizations in the region. While there is a limited number of industrial zoned plots in Dilovası, five years ago, sales prices of about 200-300 dollars were in the range of 300-450 dollars today.

The average square meter sales price of existing residences in Dilovası, where there are no new projects, is in the range of 200 thousand to 500 thousand pounds. While the land of residential zoned lands in the region is at the level of 350-450 lira, the square meters of commercially zoned lands are also expected to affect towns such as Gebze, Körfez, Derince along with Dilovasi of Izmit Bay Bridge.

CLOSE TO ISTANBUL

TNL Real Estate Partner Gökhan Civan pointed out that the industry has shifted to Dilovası due to the exhausted industrial land in Gebze, and that the population of 400 thousand in the region is expected to increase to 10 million in 4 years.

While the vacant industry stock in Gebze is very limited, square meter sales prices are around 500-600 dollars. Gebze also hosts investments such as shopping malls, residences and offices. It is also observed that with the increase in the investments in the region, the employees traveling from Istanbul to the region started to live in the region. Currently, the sales prices of commercially constructed lands with an area of ​​800 to 200 dollars per square meter and residential construction lands that are in the band of 700 to thousand dollars have increased by 25-30 percent in the last five years.

The average sales square meter prices of the houses in the new projects in Gebze are around 2 thousand-2 thousand 500 liras. Districts such as Körfez and Derince are also prominent regions with their industries, while industrial zoned lands are at the level of 400-500 dollars per square meter.

WHY CHOOSE PRICES?
The regions on the Gebze-İzmir Highway route from Dilovasi to Izmir are expected to be further valued, along with the new side highway to be built. Accomodation facilities and shopping areas to be built along the line are expected to contribute to the economy of these regions. Especially the sections close to the bridge project are expected to appreciate at the level of 20-30 percent in the medium term, and the remaining regions are expected to appreciate even less.