Küçükyalı becomes favorite Asian spot
Güncelleme Tarihi:
Hürriyet
Oluşturulma Tarihi: Ocak 30, 2009 00:00
ISTANBUL - A well-planned and orderly area, Küçükyalı, on the Asian side of Istanbul, has become a popular residential spot in the real estate market.
Maltepe and in particular, Maltepe’s Küçükyalı, district have become the rising stars in real estate.
A meeting point between the Eastern and Western corners of the Anatolian side of Istanbul, Maltepe’s popularity has been rising for the past 2-3 years, real estate agents said.
Those who live in Kadıköy find the more affordable housing options in Maltepe alluring, and those who live in the far end of the Anatolian side, such as Kartal and Pendik, want to move closer to the center, according to the experts. And over the past few years, Maltepe, formerly a suburban vacation spot, is now one of the most popular residential districts of Istanbul.
The owner of EmlakTürk Real Estate, Ahmet Remzi Taşlıca, said what was really interesting was the fact that majority of the demand for real estate in Maltepe was coming from those who lived on the European side. "The majority of those who call to inquire about the ads for apartments in Maltepe are from the European side. My explanation is that many people who live on the European side are tired of the constant traffic and chaos of that side of Istanbul. They have the desire to run away to a quieter place. And Maltepe, being a former vacation spot, is a well-planned and orderly area."
Strength of local agents
The owner of Garanti Real Estate in Maltepe Fuat Bulut pointed to the strength of local real estate agents in Küçükyalı. He said the area had great potential and local agents put a lot of effort to publicize the region. "Clients come from all around Istanbul. Those who buy property in Küçükyalı or İdealtepe, draw their friends and neighbors to Küçükyalı also," Bulut said. He added that the Küçükyalı real estate agents sold apartments from Küçükyalı and İdealtepe as well as office lots form the busiest locations of Bağdat Street.
We have a wide portfolio from Bostancı to Küçükyalı and Maltepe. In terms of client potential, this area is one of the best in Istanbul. In the yellow pages of Istanbul papers, clients see Maltepe and Küçükyalı very frequently, Bulut said, adding that this area presented dozens of alternatives every day.
Maltepe has kilometers of seashore. Most of the potential buyers are residents of Istanbul’s European side. "They come from Bakırköy, from Levent. Buying a flat with a sea view in this area is much cheaper than buying flats with a similar view in other areas. Among various reasons people chose to buy from here is that it is very easy to travel to anywhere from Küçükyalı, Altıntepe, Bostancı, Maltepe, Adatepe and Süreyya Plajı. The subway is also extending over here. Land, sea, rail systems are present. Sabiha Gökçen Airport is also close by. Alternative transport routes are also available. You can pass to the other side of the city with the sea bus. Or you can land in Atatürk Airport in Yeşilköy and avoid the traffic jam. You can easily take the se bus and arrive in this area in 45 minutes or maximum one hour’s time."
Adjacent areas such as Çekmeköy and Kurtköy are also developing, according to Bulut. "Some residents of Maltepe move to those new areas. Sometime they come back. There is also demand for apartments in buildings that are 20 or 30 years old. It is a settled area. That’s one reason people come back."
Bulut also pointed out that this area was once a popular destination for beach goers. The seashore is a maximum of 700 to 800 meters from the E-5 highway. "More than 70 percent of the apartments are suitable for bank loans. Some land purchases can also be done through bank credits."
Maltepe region has many alternatives, Bulut said. "For example, an apartment bought for 100,000 (Turkish) liras in 2005 can now be sold for more than 200,000 liras. Property circulation is high here. In central areas, you cannot talk about a significant drop in prices. Unless the seller is extremely in need of cash, the maximum drop is around 10 percent." Bulut also remembers he sold an apartment for 85,000 liras in 2005. That apartment was sold for 160,000 in 2007.
A meeting point between the Eastern and Western corners of the Anatolian side of Istanbul, Maltepe’s popularity has been rising for the past 2-3 years, real estate agents said.
Those who live in Kadıköy find the more affordable housing options in Maltepe alluring, and those who live in the far end of the Anatolian side, such as Kartal and Pendik, want to move closer to the center, according to the experts. And over the past few years, Maltepe, formerly a suburban vacation spot, is now one of the most popular residential districts of Istanbul.
The owner of EmlakTürk Real Estate, Ahmet Remzi Taşlıca, said what was really interesting was the fact that majority of the demand for real estate in Maltepe was coming from those who lived on the European side. "The majority of those who call to inquire about the ads for apartments in Maltepe are from the European side. My explanation is that many people who live on the European side are tired of the constant traffic and chaos of that side of Istanbul. They have the desire to run away to a quieter place. And Maltepe, being a former vacation spot, is a well-planned and orderly area."
Strength of local agents
The owner of Garanti Real Estate in Maltepe Fuat Bulut pointed to the strength of local real estate agents in Küçükyalı. He said the area had great potential and local agents put a lot of effort to publicize the region. "Clients come from all around Istanbul. Those who buy property in Küçükyalı or İdealtepe, draw their friends and neighbors to Küçükyalı also," Bulut said. He added that the Küçükyalı real estate agents sold apartments from Küçükyalı and İdealtepe as well as office lots form the busiest locations of Bağdat Street.
We have a wide portfolio from Bostancı to Küçükyalı and Maltepe. In terms of client potential, this area is one of the best in Istanbul. In the yellow pages of Istanbul papers, clients see Maltepe and Küçükyalı very frequently, Bulut said, adding that this area presented dozens of alternatives every day.
Maltepe has kilometers of seashore. Most of the potential buyers are residents of Istanbul’s European side. "They come from Bakırköy, from Levent. Buying a flat with a sea view in this area is much cheaper than buying flats with a similar view in other areas. Among various reasons people chose to buy from here is that it is very easy to travel to anywhere from Küçükyalı, Altıntepe, Bostancı, Maltepe, Adatepe and Süreyya Plajı. The subway is also extending over here. Land, sea, rail systems are present. Sabiha Gökçen Airport is also close by. Alternative transport routes are also available. You can pass to the other side of the city with the sea bus. Or you can land in Atatürk Airport in Yeşilköy and avoid the traffic jam. You can easily take the se bus and arrive in this area in 45 minutes or maximum one hour’s time."
Adjacent areas such as Çekmeköy and Kurtköy are also developing, according to Bulut. "Some residents of Maltepe move to those new areas. Sometime they come back. There is also demand for apartments in buildings that are 20 or 30 years old. It is a settled area. That’s one reason people come back."
Bulut also pointed out that this area was once a popular destination for beach goers. The seashore is a maximum of 700 to 800 meters from the E-5 highway. "More than 70 percent of the apartments are suitable for bank loans. Some land purchases can also be done through bank credits."
Maltepe region has many alternatives, Bulut said. "For example, an apartment bought for 100,000 (Turkish) liras in 2005 can now be sold for more than 200,000 liras. Property circulation is high here. In central areas, you cannot talk about a significant drop in prices. Unless the seller is extremely in need of cash, the maximum drop is around 10 percent." Bulut also remembers he sold an apartment for 85,000 liras in 2005. That apartment was sold for 160,000 in 2007.