Property in the now up and coming suburb of Beylikdüzü on the western side of Istanbul is about to receive a further boost with the announcement of a new Metrobus connection to the city centre.
Due to open in 2011, the Metrobus line will operate between SöÄŸütlüçeÅŸme, a neighbourhood on the Asian side, and Beylikdüzü, facilitating over 1 million commuters every day according to the city’s Mayor, boosting property demand and therefore prices because of the increased accessibility.
Istanbul Metropolitan Municipality has allocated a budget of TL 100 million (£50 million) to complete the fourth phase of the Metrobus project with the service having 10 new stops, underground stations and the terminal at Beylikdüzü situated in a large square which will evolve into a focal point of the district in its own right.
Steven Worboys, Director of Experience International, the Istanbul property experts, comments,
“We are delighted to hear that the plans for the new Metrobus line are now in motion. building is to commence in the next couple of months and within 1 year it will now be even easier for the fast increasing population of Beylikdüzü, currently at 186,000, to commute into the city centre.”
Beylikdüzü is already one of the fastest growing suburbs of Istanbul with the population predicted to reach 1 million in the next 5 years. Located within the Büyükçekmece county, Beylikdüzü is popular with middle-income Istanbullians who are keen to take advantage of living in a well serviced and nice environment away from the overcrowded Central Business District.
There is a nearby seaside resort, only a 10 minute drive away which is one of the most popular day and weekend break destinations for the local population.
The district is also close to the 2 major motorway routes that go directly into central Istanbul. Ataturk International Airport is 20 minutes away and the new Silivri International Airport will only be a 10 min drive.
In addition to the new Metrobus line, the metro train system is also due to be completed by 2011 with a number of stations in the Beylikdüzü area.
So you can see that access to the district itself for both Istanbul residents and people from further a field including foreign visitors is very good.
In response to sustained local demand, development of residential property is very much underway in Beylikdüzü with top quality developments such as the Istanbul apartments of No1 Knightsbridge being construction.
As Steven Worboys observes,
“The European suburbs of Istanbul have evolved into a hotspot for new residential developments. Property prices have been steadily increasing in Beylikdüzü and the news of the improved access combined with the availability of finance has allowed many additional investors to take advantage of this excellent opportunity for significant capital gain as well as income from rent.”
The apartmentsThe 1, 2 and 3 bedroom Istanbul apartments of No1 Knightsbridge can be secured with an initial investment of only £23,250 with a 2 year 7.5% rental guarantee in place and 70% LTV finance available for EU buyers. Only a couple of sea view apartments are left so for full details contact Experience International on + 44 (0) 207 321 5858 or go to Exprience-International.com.