In Incek, the rising star of Ankara, the price per square meter surged by 220 per cent to 6 thousand liras over the past five years. The construction of 3 thousand 500 houses is under way in the region, where this number is expected to surpass 8 thousand.

INCEK, the popular development area of Ankara, has been one of the most value-gaining regions of Turkey. Since the square meter price of houses sold at 2 thousand 500 liras 5 years ago, surged to 6 thousand liras, the region was flooded by the construction conglomerates.

At Incek, classified among the top settlements of Turkey in recent years thanks to the contractors of branded housings, the prices per sqm increased by 220 per cent in 5 years only. The region, where the prices surged from 2 thousand 500 liras to 6 thousand liras, rises as a profitable investment address thanks to its more planned settlement, comfortable living spaces, a life without traffic jam and the presence of the educational institutions.

Owing to this growing interest, 3 thousand 500 houses-this number covers only the branded ones- are currently under construction in the region where the new construction projects follow each other. The groups like Akfen Construction and Sinpaş develop projects successively in the region where the other construction companies like YDA, Bayraktar and Özdoğan Construction too are expected to start building houses on their lands. The prices will likely rise further in the region as the housing supply continues in the popular region.

STUDENT GUARANTEE FOR THE INVESTORS

Plenty of green spaces, the spacious houses newly built and the university campuses in the area, the rising number of hospitals and commercial areas are the key factors encouraging investments. Incek is hosting TED College and other leading educational institutions besides Atılım and Ufuk Universities and therefore, the investors are not worried about finding tenants thanks to these features of the region.

In recent times, several branded projects rise in Incek. In addition to 3 thousand houses already finished , the construction of 3500 houses is under way. However, this figure is predicted to surge to about 8 thousand in a short time with the new projects.

Incek which is the rising star of Ankara in real estate, catches the attention of the investor construction groups too thanks to its features. In the area, the groups like Besa, Ons, Özçelik-Pelit and Nata too followed Akfen Construction and Sinpaş. Incek is expected to remain a hot spot for the investors in the future as well. Therefore, the other companies like YDA Construction, Bayraktar Construction and Ozdogan Construction too will surely develop projects in this area. As people began to settle in newly built homes, the authorities are adding new means of transportation from the downtown Ankara to the area of Incek. In the region luring also the investors for commercial purpose, the shopping centers and restaurant too serve within the housing projects or independently.

“THE INHABITANTS OF ANKARA KNOW VERY WELL THE VALUE OF INCEK”

The dwellers began to move to Incek Loft project consisting of 1199 houses completed last year by Akfen Construction which is among the investors developing projects in Incek. After Incek Loft, the company launching Bulvar Loft project on the land of 37 thousand sqm owned by Iller bank, will build 822 apartments in 6 blocks. The apartments with spaces varying between 66 and 350 sqm, are sold at 374 thousand liras. The project will be completed in December next year and people will begin to move there in spring of the year 2019.

Akfen Construction Chairman Selim Akın tells that the planned urbanization is a new concept for Ankara and adds, the new projects seduce mostly the families.

“The inhabitants of Ankara know very well the value of Incek. Already in 2014, we believed in the future of the region and laid the base of Incek Loft project. We realized the biggest project with 1199 houses. Upon the high demand, we decided to launch Bulvar Loft too” he states.