In recent years, Basin Ekspres or Media Highway has become one of the most talked-about regions for real estate investments in Istanbul. Located on the European side, it is grabbing the spotlight as an ideal hub for short and long-term investments in the city for many good reasons. Home to financial and economical institutions as well as mega business centers, it is drawing Turkish and property investors from across the world. Separating the districts of Bagcilar and Kucukcekmece, Basin Ekspres is steadily transfiguring from an unheard location to a global name.
According to recent research, property rates in Basin Ekspres have proliferated approximately twenty times in the last ten years. Moreover, high residential and commercial capital growth in the surrounding regions has further contributed to the increasing demand for real estate development and expansions. With new constructions, project investments, entertainment centers, and service facilities, it is attracting tens of thousands of investors and international business associates.
Why Basin Ekspres should be on your real estate investment radar?
Basin Ekspres has indubitably become a hot destination for a class of high and middle-income working professionals. Ranging from affordable housing to luxury apartments with state-of-the-art technology such as smart home systems, the most sought-after region has everything to offer.
Let’s examine the factors that make properties near Basin Ekspres so appealing to real estate buyers.
The strategic and dynamic location
Strategically situated in the middle of European Istanbul, Basin Ekspres sits at the crossroads of main highways with seamless connectivity to other parts of the city. It is the focal point of major commercial and business operations with increasing housing constructions.
European Istanbul spans from the Marmara coastline including the southern part of the main city to the Black Sea in the north. Central locations in Istanbul are strikingly higher in demand and command lofty property rates. However, this new regenerating area has affordable real estate prices as compared to its neighborhoods, enabling investors to get their foot in the door.
Basin Ekspres naturally lends its appeal to multinational professionals and offers solid buy-to-let investment opportunities in a fast-paced city.
Taking into consideration the prime location of this region, the Turkish government has recognized the significance of Basin Ekspres. The authorities have channeled millions of dollars into the development of high-speed transportation foundations and real estate infrastructures.
Owning a property in Basin Ekspres means easy access to the entire transcontinental city. This is the region where Istanbul’s three main highways intersect.
- E5 is the city’s oldest highway that connects the Buyukçekmece district to the Fatih district in the heart of the city. The E80 highway or TEM joins Basin Ekspres with the Fatih Sultan Mehmet Bridge with Maslak in Sariyer, one of the main business hubs of Istanbul. O6 is the newest road artery that connects the third bridge with Istanbul international airport.
- The overground railway network runs from the Mall of Istanbul to the Sea of Marmara. It is the peferred route for residents crossing the famous Bosphorus, Taksim, and other areas.
- The new metro line will connect Atakoy, on the Sea of Marmara, with Ikitelli. The line runs through Basin Ekspres enabling a greater flow of people from in and out of the city.
The architectural plan of Basin Ekspres is inordinately broad, enabling the construction of dozens of public and social facilities. In addition to service areas and places such as banks, hospitals, universities, and hotels, the region is stacked with luxury apartments, residential projects, and commercial units.
The establishment of global businesses and brands have further driven the property rates and capital markets to plausible heights. The unique geographical location of Basin Ekspres has prompted many international companies to invest in the lucrative region.
Some of the luxurious 5-star hotels in the area include:
- Rotana Hotels
- Divan Hotels
- Mariott Hotels
- Holiday Inn Hotels
There are several leading banks in Basin Ekspres such as:
- The Turkish Bank
- Vakif Bank
- Garanti Bank
- Ziraat Bank
The important hospitals in the region are:
- Medipol Mega University Hospital
- Acibadem International Hospital
Basin Ekspres welcomes students from all over the world and has numerous schools, colleges, and universities including:
- Al Fayez International School
- Arab International School
- Al-Maarifa Iraqi School
- Al-Aqsa School
- Iden University
- Istanbul Cultural University
- Iris University
Affordable pricing and high capital growth
Despite the increasing interest in the region’s real estate sector and the rapid development of premium residential projects, the property prices are still nominal as compared to the neighboring suburbs. However, as the region continues to progress and after the opening of a high-speed metro line, the property prices are expected to sky-rocket in the coming years.
Moreover, with big brands nesting their offices in Basin Ekspres and the surging investment interests in the area, the Turkish government is actively pouring billions of dollars for its further development. Taking a glance at the past records, housing sales in Basin Ekspres have soared multiple times in just a span of five years.
Real estate investment in Istanbul with Extra Property
While real estate prices are still nominal and considering the high capital growth of the region as a whole, investing in Basin Ekspres would yield profitable returns. As of now, several residential and commercial projects are underway in this area and are under-construction. We recommend investing in the off-plan stage as it would provide optimum scope for an average of 35% to 40% capital appreciation.
By and large, Basin Ekspres has grabbed the immense attention from foreign real estate investors in the last decade. The unique ‘Turkish Citizenship by Investment’ program has further fueled the interests of property buyers to own a residence in the region. If you wish to explore off-plan and ready-to-move properties in Istanbul, consult our seasoned real estate professionals here.