Real estate for sale near Istanbul Canal

What do you think of looking for real estate for sale near the Istanbul Water Canal? Have you thought about this option and the results that you will get through it? Before we proceed to talk about this topic, we must draw attention to the fact that the new Istanbul Water Canal project is an imprint of modernity and development that will have a reflection on the real estate aspect in Istanbul in general and on some of its areas in particular, and here are the details, respectively.

Advantages of buying real estate near Istanbul Canal

The advantages of buying a property near the Istanbul Canal are many as the canal will add a new dimension to the city, with its economy and infrastructure, and will also be a major tourist attraction, which will benefit the local economy.

The canal will create a new waterfront that will be used for recreation and tourism and will also be used for transportation, as boats and ships can use the canal to reach the Black Sea.

The canal will have a positive impact on the environment, as it will reduce traffic congestion and pollution in the city, create new green spaces and improve air quality.

 Real estate prices are expected to rise in Istanbul in general and in the nearby areas in particular, which makes it a good investment and there are also plans to build a high-speed railway along the canal, which will increase the property value in the regions.

The most important areas near the new Istanbul Canal

At the present time, all investors wishing to enter the real estate sector in Istanbul choose to go to the areas near the canal in particular, hoping to take advantage of the advantages that it will leave on them. Below we will highlight the most important of these areas and we will indicate some details related to them.

1 - Basaksehir area

The new Istanbul Water Canal will have a great impact on the real estate market in Başakşehir.

The canal, due to open in 2027, will connect the Black Sea to the Sea of ​​Marmara and also provide a new waterway for ships traveling between the two seas.

Basaksehir is located on the European side of Istanbul and is one of the fastest growing areas of the city. The area is home to a number of large residential and commercial projects.

The new canal is expected to increase the real estate value in Basaksehir, as it will make the region more attractive to investors and buyers of real estate and apartments.

2 - Beylikdüzü area

The new Istanbul Water Canal will have a significant impact on real estate in Beylikduzu and will provide a new transportation route for ships entering and leaving the Sea of ​​Marmara.

The canal will also create new opportunities for real estate development along its banks and the value of real estate in Beylikduzu is expected to increase as a result of the canal, making it a good investment destination for those wishing to buy property in Istanbul.

Prices in Beylikduzu have already increased by 20% since construction on the canal began, and are expected to continue rising.

3 - Bagcilar District

The construction of the Istanbul Canal is expected to have a significant impact on the real estate market in Bagcilar, located on the European side of Istanbul. It is expected that apartment prices will rise due to its proximity to the canal.

4 - Arnavutkoy District

Arnavutkoy district is located on the European side of Istanbul and is one of the most popular residential areas of the city. The district is well connected to other parts of Istanbul and has a variety of amenities such as schools, hospitals, and shopping malls.

The construction of the new canal is expected to increase the demand for real estate in Arnavutkoy. Real estate experts believe that the prices of apartments and houses in Arnavutkoy will rise by 20-30% once the construction of the canal is completed.

5 - Basin Express area

The Basin Express area was affected by the new Istanbul Canal project, as the area is located on the European side of Istanbul and is home to many companies and real estate. The new canal will connect the Black Sea with the Sea of ​​Marmara and will pass through the Basin Express area.

The new Istanbul Canal project has had a profound impact on the Basin Express area. That once quiet area has been turned into a bustling place, as construction workers and tourists flock to the area.

The economic importance of the Istanbul Canal

The new Istanbul Canal is one of the most ambitious infrastructure projects undertaken in recent years and when completed, the canal will provide a new shipping route through Turkey that will significantly reduce transit times and costs for ships traveling between the Black Sea and the Mediterranean.

The canal is also expected to have a significant impact on Istanbul's economy, boosting trade and investment and creating jobs.

The strategic importance of the Istanbul Canal

The canal is expected to reduce sea freight traffic in the Bosphorus by up to 80%. This will reduce congestion and accidents in the strait, as well as environmental pollution.

Is it time to invest in real estate in Istanbul?

Istanbul has been one of the most popular real estate investment destinations in the world for years. But with prices skyrocketing and the Turkish economy showing signs of slowing, is it still a good place to invest?

Here are some factors to consider:

The average price of an apartment in Istanbul has increased by 50% over the past five years.

Rents have also increased significantly, by 30-40%.

However, rates of return have fallen from around 7% a few years ago to 4-5% now.

However, Istanbul remains a very attractive city for real estate investors, due to its strong fundamentals such as population growth, infrastructure development and improved transparency.

Finally, it should be noted that all current indicators and data confirm the validity of real estate investment in Istanbul now, as it is ranked ninth in the world in its investment position and the development of its real estate sector, if you really hope to build a future of investment crowned with profits and high returns, you should not slow down in moving to get the opportunity you deserve and remember that Binaa Real Estate is fully prepared to provide you with all the services and assistance you need.

WHY MUST YOU CHOOSE BINAA REAL ESTATE COMPANY AS A COMPANION IN YOUR REAL ESTATE INVESTMENT JOURNEY IN TURKEY?!

- It is partnering with the most trusted and successful construction companies in the construction of buildings and residential complexes in Turkey.
- Take your hand to choose the right property.
- It assists its clients in the procedures for obtaining real estate residence, Turkish citizenship, and Turkish passport.
-Signing contracts and required papers and legally ratifying them.
- Our motto is seriousness and credibility in dealing to ensure our clients successful real estate investment in Turkey.

Do not forget to follow our website constantly in order to be informed of various and different topics regarding the real estate market in Istanbul.

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