Basin Ekspress aka Media Highway has quickly become one of the most popular investment location of Istanbul in 2017. It is also expected to be popular in 2018 as construction still continues and investors see Istanbul as a trusting investment location.
In this year, an increase on investments has been seen in this area and we list the reasons why Basin Ekspres is a perfect location for property buyers and why 2018 is ideal to invest.
As being in the middle of European Istanbul, Basin Ekspres has cities one of the most well-connected hubs. Although central locations in Istanbul are highly expensive, this area presents you a much more suitable price for investment. European side of Istanbul hugs southern Istanbul to the Black Sea in the north.
As it is located in central location, government sees how important this location is and spends millions of dollars investment for transportation.
Istanbul’s three most important highways meet in Basin Ekspres because of the central location of Basin Ekspres.
E5: City’s oldest highway which connects Boshphorus Strait with Ataturk Airport.
E80: For those who want to travel east, the E80 connects Basin Ekspres with Fatih Sultan Mehmet Bridge on the way of Maslak in Sariyer which is city’s one of the business locations.
O6: Istanbul’s newest road which is expected to connect the third bridge with Istanbul New Airport. The new airport will be opened in next year.
A new metro line will connect Atakoy with Ikitelli, close to Mall of Istanbul. This line will be right on the Basin Ekspres location which will allow many people to use.
The rail network travels from Mall of Istanbul to Marmara Sea. It will be a line for people who travel across Bosphorus and Taksim and other areas.
Global brands help neighborhood’s profile and prices raise. Basin Ekspres’s location caused international companies to pay attention to invest in the area in the beginning as they see the potential of the location. These are the some brands that see the potential:
Five-star hotels: Radisson Park Inn, Ibis, two Marriott Hotels, two Holiday Inns, Wyndham Grand, Divan, Sheraton, Hilton and Elite World are opened in the area. the Radisson Blue, Accor, Wanda Vista, Rotana and many more brands are expected to be added into this list.
Banks: Garanti Bankasi and Turkiye Is Bankasi – one of the largest banks of Turkey. Vakifbank and Halkbank are also working to be a part of this location.
Universities: Besides being a business location, Basin Ekspres is also quickly becoming a education location. Altinbas University, Aydin University, Kemerburgaz University, Maramara University, Arees and Sbahattin Zaim are all in or close to the area.
Hospitals: There are also quantities of hospitals in the location: Medipol, Yaglidere, Erdem, Mehmet Akif, Aksa and Median.
Government pays extra attention to development of Basin Ekspres. Area is being transformed from the home of factories into a new neighborhood. Billions of dollars are spent to give it a new look. We have seen similar locations in Istanbul before. For instance, Bomonti is very similar to Basin Ekspress considering geography and history. Prices in Bomonti have significantly soared in the past five years after the area has been renewed.
Although there is a high interest and rapid changes are being made, prices in the location is still considered low by comparison with other similar locations.
For instance, in Atakoy, there are existing transport links, local infrastructure, to east of Ataturk Airport. Prices in Atakoy starts from US$3500 to $4000 per square meter which means a 100m2 apartment’s price is around $400.000.
However, prices are 50 percent lower in Basin Ekspress. You do not have to be professional to expect what happens when metro line is built and big brands are constituted in the location.
Consequetly, you will pay $180.000 for a property, but the price of a same quality apartment in Atakoy which is only 5 minutes away from Basin Ekspres, is $400.000.
Why invest in Basin Ekspres property in 2018
We want to warm you that prices won’t stay same. As we saw in the past in similar locations, we can guarantee that Basin Ekspress properties’ values will highly increase as the time passes. At these times, there is a huge amount of constructions in this location. As projects are still underway, off-plan prices are still low in the area. Investors who look for investments in 2018 should consider this area to highly make a gain. However, you should hurry as Basin Ekspress is not a secret anymore especially for investments. 2018 could be the last year that negotiations are still arguable.