It is a sound idea to invest in real estate near the new Istanbul water canal, because according to many analysts and scholars of the real estate market situation in that city, prices near it will rise more than other places.
The importance of the new Istanbul Canal and its impact on the investment side in the city, and the most important areas affected by it, you will get to know in this article.
The impact of the Istanbul water canal on real estate investment:
The construction of the Istanbul Water Canal is one of the most ambitious infrastructure projects in Turkey's history. Upon completion, the canal will connect the Black Sea with the Sea of Marmara, passing through Istanbul. The canal is expected to have a significant impact on real estate prices, making it an attractive investment destination for international property buyers.
The canal will increase property value in Istanbul by providing a new transportation route for goods and people. The canal will also create new opportunities for leisure and recreation, making that city a more desirable place to live and settle. Real estate prices are expected to rise along the canal route, which makes now the right time to invest. in real estate in Istanbul.
Information that interests you about the new Istanbul Canal:
The Istanbul Canal, also known as the Istanbul Canal Project, is a controversial engineering project that aims to connect the Black Sea to the Sea of Marmara through a canal passing through the city. The canal is about 45 kilometers long, 150 meters wide and 25 meters deep.
The primary purpose of the canal is to reduce freight traffic through the Bosphorus Strait, which is currently the only passage between the Black Sea and the Sea of Marmara. The Bosphorus Strait is one of the busiest shipping channels in the world and suffers from environmental degradation due to ship traffic. The canal will provide an alternative route for ships, thus relieving congestion and pollution in the Bosphorus Strait.
The canal project was first proposed in the early 2000s, but has been repeatedly delayed due to environmental concerns and protests from local residents and is expected to be completed by 2027.
Upon completion, the Istanbul Water Canal is estimated to cost $32 billion and will be one of the largest infrastructure projects ever undertaken in Turkey.
Areas near Istanbul Water Canal:
If you want to invest in real estate in Turkey, your eyes will first fall on Istanbul, specifically on areas or real estate projects close to important and strategic development projects such as the new Istanbul Airport and the Istanbul Water Canal that we are about to talk about.
Through the following paragraphs, you will learn about the most important areas near this channel and the advantages of investing in them
First: Basaksehir area:
Basaksehir is a relatively new area of Istanbul that has seen a lot of development in recent years and is well connected to public transportation and is also home to many multinational companies, making it a popular choice for expats.
Here are some reasons why investing in real estate in Basaksehir is a good idea:
- The demand for housing is high.
- Prices are still relatively low compared to other areas in Istanbul.
- There is a possibility of increasing the capital.
- The rental market is strong.
- The area is well developed and has all the amenities you need.
Second: Beylikduzu area:
Beylikduzu is an excellent investment opportunity for those looking for long-term rental income as the area is growing rapidly, with new constructions and developments under way and the demand for properties for rent is high, and prices are still relatively low compared to other areas in Istanbul.
The location is also very convenient, with easy access to public transportation and the city center and the area is a great choice for investors looking for a solid return.
Third: Kucukcekmece:
Kucukcekmece is a modern and developed district on the European side of Istanbul. It is close to Ataturk Airport and many large shopping malls. The new metrobus line makes it easily accessible from the city center. All these factors make it an attractive option for both residents and investors.
There are many advantages to investing in real estate in that area, firstly, the prices are still relatively low compared to other areas in Istanbul and this means that there is potential for capital appreciation in the future and secondly, there is a wide range of properties available, from apartments to villas and this makes it possible Finding something to suit every budget Thirdly, it is a growing area with a lot of new development projects under way and this means that there will be more amenities and facilities available in the future, making it a more attractive place to live.
Fourth: Arnavutkoy area:
It is a beautiful and unique area in Istanbul that offers many advantages to real estate investors. First of all, it is located on the European side of Istanbul, which is the most developed and modern part of the city. Secondly, it has a very low crime rate, which makes it a safe place to live and invest. Thirdly, it is Home to many luxury hotels, restaurants, and shopping malls, making it a desirable place to live for affluent Istanbul residents. Finally, real estate values in Istanbul have increased significantly in recent years, making it a wise investment for the future.
Fifth: Avcilar region:
Avcilar is a beautiful area in Istanbul, and its real estate market has flourished in recent years. These are the most prominent advantages of investing in its real estate sector:
- The region is constantly growing and developing, so prices are expected to rise significantly. - Well connected to the rest of Istanbul by public transportation. - There are many new construction projects underway, so there are plenty of opportunities to invest in pre-construction properties. - Real estate prices in Avcilar are still relatively affordable compared to other areas in Istanbul.
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If you want to get a profitable investment opportunity within the most important European or Asian regions of Istanbul, or near the Istanbul Water Canal, or others, do not hesitate before contacting our real estate consultant, who will inform you of many opportunities and options available to choose the best one for you.
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