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Real estate in the now burgeoning suburb of Beylikdüzü on the western side of Istanbul is about to have a further boost with the announcement of a new Metrobus connection to the city centre.

Due to open in 2011, the Metrobus line will run between SöÄŸütlüçeÅŸme, a district on the Asian side, and Beylikdüzü, transporting over 1 million commuters each day stated the city’s Mayor, boosting property demand and in turn prices due to the easier and increased access.  

Istanbul Metropolitan Municipality has allocated a budget of TL 100 million (£50 million) for completion of the fourth phase of the Metrobus project with the line having 10 new stops, underground stations and the terminal at Beylikdüzü situated in a large square which will evolve  into a focus of the area in its own right.

Steven Worboys, Director of Experience International, the Istanbul property experts, stated,

“We are very happy to hear that the plans for the new Metrobus line are now in action. Work is to commence in the next couple of months and within a year it will now be much easier for the fast increasing population of Beylikdüzü, currently at 186,000, to commute into the center of Istanbul.”

Beylikdüzü is now one of the quickest growing suburbs of Istanbul with the population predicted to increase to 1 million over the next five years. Located within the Büyükçekmece county, Beylikdüzü is popular with middle-income Istanbullians who are eager to benefit from 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 with the local population.

The area is also close to the two major motorway routes that go directly into central Istanbul. Ataturk International Airport is 20 minutes away and the new Silivri International Airport will be only a 10 minute 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 continuous and high local demand, the building of residential real estate is well underway in Beylikdüzü with top quality developments such as the Istanbul apartments of No1 Knightsbridge being construction.

As Steven Worboys notes,

“The European suburbs of Istanbul have evolved into a hotspot for new residential developments. Property values have been consistently increasing in Beylikdüzü and the news of the increased access as well as the access to property finance has enabled many additional investors to capitalise on this rare opportunity for good capital gain as well as rental income.”

The apartmentsThe 1, 2 and 3 bedroom Istanbul apartments of No1 Knightsbridge can be secured with an initial investment of as little as £23,250 with the 70& loan to value mortgage for EU buyers. Only a couple of sea view apartments remain so for full details contact Experience International on + 44 (0) 207 321 5858 or visit Exprience-International.com.

Tags: business, property, real estate, travel, turkey