Real estate investment near the new Istanbul water canal is a golden idea that yields a lot of high profits and brings you abundant returns. According to many specialists, it is expected that the areas or projects near them will record a clear rise in prices.
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Views and opinions about the new Istanbul Canal
Since the new Istanbul Canal is set to open, there is a lot of speculation about its impact on the Turkish economy and some believe that it will be a boon for the economy, while others believe that it will have a negative impact.
Supporters of the new canal say it will provide much-needed jobs and investment for the city, as well as help ease congestion in the Bosphorus Strait and argue that the canal will create a new shipping route that will be safer and more efficient than the current one.
Critics of the new canal say it is an environmental disaster waiting to happen and worry about the impact of increased ship traffic on the delicate ecosystem of the Sea of Marmara. They also believe that the canal will benefit only a small number of people while costing taxpayers billions of dollars.
The impact of the new Istanbul water canal on the real estate sector
The new Istanbul Water Canal is a project that has been under construction for years, and its implementation has finally begun. The canal will be built to connect the Black Sea with the Sea of Marmara, and it is expected to have a significant impact on the real estate sector in Istanbul.
The canal will increase the value of real estate in Istanbul, and it will also make transportation and shipping easier and more efficient. The project is expected to be completed by 2027, and it is already having an impact on the real estate market. Prices are rising and demand is high for properties near the canal.
If you are thinking of investing in real estate in Istanbul, now is the time to do so as the canal will be a game changer in the city, so you should not miss the opportunity to benefit from it.
The new Istanbul Water Canal will have a significant impact on the real estate sector and will create a new waterway from the Black Sea to the Sea of Marmara. It will also provide an alternative route for ships to bypass the crowded Bosphorus Strait. This will make the city a more attractive destination for companies and tourists, and will also increase the value of real estate in it.
The most prominent areas near the new Istanbul Canal
When you are in the process of searching for apartments for sale in Istanbul, you must look at the most important nearby areas and some of their features, because they should be at the top of your list, especially if your goal is real estate investment, and the following are the most important of them:
First: Basaksehir area
Basaksehir is a major investment center in Istanbul, and its real estate market is booming as investors from all over the world are attracted to Basaksehir due to its many advantages, including its strategic location, strong economy and growing infrastructure.
Basaksehir is located on the European side of Istanbul, which makes it a great choice for those who want to stay close to the city center. The area is well connected to public transportation, with many metro and bus lines passing through it. It is also home to several universities, hospitals, and shopping malls, making it a livable place. For families and young professionals.
Second: Kucukcekmece
Above all, Kucukcekmece is a very beautiful region located on the Sea of Marmara and has a very mild climate. The region is also very safe and this makes it a great place to live or invest in real estate.
Another advantage of investing in real estate in this area is that it is growing rapidly and there are many new construction projects underway. This means that there will be an increase in demand for apartments and property values are likely to rise in the future.
Third: Beylikduzu area
Beylikduzu is a developing area in Istanbul, located on the European side and it is one of the most desirable areas for real estate investment in Istanbul. Prices are still relatively low compared to other areas such as Sisli and Levent, and prices are expected to continue to rise in the next few years.
Here are some details about it:
- Proximity to the new Istanbul airport.
- Convenient transportation with metrobus and Marmara Sea.
- A large selection of new developments.
- Many green spaces and parks.
- Growing population and infrastructure.
Fourth: Avcilar region
-There is an increasing demand for rental properties in Avcilar because its population is constantly increasing, and more people are looking for affordable places to live.
- Real estate prices are relatively low compared to other parts of Istanbul and this makes it an attractive investment destination for those looking to make the most of their money.
-The rental market in that area is quite stable, and there is a good chance that your investment will increase over time and this means that you will be able to make a good profit if you decide to sell your property in the future.
- There are many new developments going on in it, which increases the demand for rental properties and this is good news for investors, as it means that they will be able to charge higher rents and make a better return on their investment.
Is buying a property in Istanbul now a good idea?
If you want to buy a property in Istanbul, this is the right time for you. Prices have clearly increased over the past few years, but are still relatively affordable compared to other major cities.
Istanbul is a thriving city, with a strong economy and plenty of growth opportunities. It is also a beautiful city with an important culture and history, all of which make it suitable for investment.
Real estate investment in Istanbul is a project that cannot be disappointed, especially if it takes place within a well-thought-out course and with the consultation of the most important experts and specialists in this sector. We at Level Immigration Real Estate Company are fully prepared to provide you with all the assistance, advice and appropriate options you need, as we are pleased to accompany you in the investment journey in that city in all its stages.
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