All flights in Istanbul, will be transferred to Istanbul New Airport by 6th April. This news raised excitement in leading sectors of the Turkish economy including aviation, tourism and real-estate.
ISTANBUL – Istanbul Airport has been officially opened on 29th October 2018 and the mobilisation of the airport will be completed in the first week of April. Istanbul Airport will be one of the strongest airports in the world with an annual 200 million passenger capacity.
Istanbul has been a bridge between east and west, Europe and Asia throughout the history. With this new airport, the city is now more active in the aviation sector. Bayram Tekce, Chairman of Antalya Homes Emlak Inc., the leading real estate company that operates in different regions of Turkey, defined Istanbul Airport as the new driving power for the Turkish economy and real-estate sector.
Tekce stated that Istanbul Airport is a strategically important project for Turkey by saying that such projects will increase the brand value of Istanbul for more investment and this new airport will consolidate Istanbul as a "HUB" in international civil aviation:
"Projections show that Istanbul Airport will employ approximately 225,000 people in 2025 with a $4.2 billion household income contribution. This mega project will have approximately 4.9% share in GNP. These numbers alone can reveal how important it is for Turkey."
Istanbul Airport, as one of the most important investments of Turkey, will positively contribute to real-estate and tourism sectors. Tekce explained that Turkey is ranked top in property purchases by foreigners and foreigner interest will significantly increase in buying property in Turkey:
"Last year, in Turkey, 40,004 properties were sold to foreigners. In the first two months of 2019, sales increased by 87% compared to the same period of the previous year. This year, sales will accelerate even more with Istanbul Airport. Istanbul is a top destination for foreigners to buy Property in Turkey. Last year, 14,270 properties were sold to foreigners in Istanbul. We predict that this number will double in the next 3-years and reach 30,000 per year. We believe that we will have a success story with our offices in Istanbul, Antalya and Trabzon."
Tekce expressed that Istanbul Airport will be the driving force of Turkish economy: "According to a PwC study in England, each 10% increase in a country's seat capacity in aviation has a 1% contribution to short-term economic growth. Recent developments show the importance of economic growth. PwC's study alone reveals the importance of Istanbul Airport."
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
