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This pre-launch tower is situated at an essential highway junction on the E5 - one of Istanbul's major highways. Rising to over 30 stories, gorgeous Marmara Sea views will be available from the sixth floor onwards.
These large apartments are aimed at families and professionals, with Istanbul's largest university a walking distance away, making this an essential suburban location for the middle classes.
Full residence facilities are made available, along with 24-hour security. Poised between two malls, the family certainly won't be short of things to do here. The sea coast with its restaurants and cafes is a two-minute drive away. The airport is just 15 minutes’ drive, as is peaceful Florya, with its natural sea side.
This is a key middle-class part of Istanbul, and a very old part of the city. A primarily Turkish region means this compound has attracted much interest from local Turks. At the pre-launch phase, prices are well below the regional average and anticipated final pricing in two years. Hence early bird investors will also make a decent return on their investment
Pera investment experts anticipate a 45% return on investment, with a minimum 6% rental income upon completion. This is without the anticipated price increase due to the incoming Canal Istanbul and the new metro line to Yenikapı, currently under construction.
|Type||Size (Min)||Size (Max)||Price (Min)||Price (Max)|
|1+0||58 sqm||58 sqm||$ 60243||$ 60243|
|1+1||88 sqm||92 sqm||$ 77862||$ 102866|
|2+1||137 sqm||221 sqm||$ 130722||$ 240300|
|3+1||232 sqm||266 sqm||$ 320848||$ 375721|
- Price ranges last updated 29/11/2018
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.
This product is available as full payment in cash only, with short term payment plans by negotiation only.
With a history stretching back centuries, Avcilar remains a traditionally Turkish district. As such, much old stock persists in the region, with most construction being like for like replacements. Hence new constructions, especially complexes with facilities, are in high demand. Middle class professional families demand apartments of this nature, meaning complexes as large as this one eternally popular – eventually turning into local landmarks. Avcilar provides easy access to Ataturk airport, the vast Istanbul University campus, too many malls to count, and expansive park. Over the next ten to fifteen years, Avcilar will continue to modernise due as the prospect of an earthquake increases the urgency to do so.
Launching in March 2018, this complex is suitable for early investors, who want to take advantage of the 40-50% price rise of a project during its construction phase. As a standard procedure in any project in Istanbul, the early investor gets the lowest price for the complex, and at a price always below the local market value.
Added to this is the region value. With a metro line linking the region directly to the historic regions of Istanbul at Yenikapı and Taksim, this massive infrastructure project is expected to add a minimum 15-20% value to real estate. Completion of this metro line is expected for 2021, with construction already under way.
Canal Istanbul construction is expected to start in mid-2018, bringing thousands of white and blue-collar employments to the region. Upon completion, the value added to the economy of Istanbul as well as the local economy is in excess of 15-20%.
The project is already in a middle-class quarter of Avcilar, popular with those that work and study at the huge Istanbul university campus just minutes away. Such a huge population requires several malls, hospitals, schools etc., and Avcilar is well advanced in this matter.
Situated a few parallels to the E5 highway, this complex is walking distance to the Metrobus system - a key public transport giving traffic free access to the city centre of Istanbul.