The new Istanbul Canal is one of the most important projects that have been planned in the past years, which is of great importance to the neighboring areas at all levels, especially the level of real estate investment, which has become of great value in the lands surrounding this canal and attracting large numbers of investors from all over the world.
This is what led to the development of the real estate market in these areas and the boom in the investment movement in them.
The lands adjacent to the new Istanbul Canal and their features :
The new Istanbul Canal is surrounded by large lands and many areas, and it is also adjacent to several lands that may one day be housing projects, and these areas enjoy the advantages provided by the new Istanbul Canal.
These features are real estate, economic and tourist features, and they play a major role in making these areas a center of attraction for the movement of real estate investment and a center of attraction for tourists who come to this area to see the large projects in Turkey and developments in the field of water canals. Among these areas that surround the new Istanbul Canal are Avcılar, Küçükçekmece, and Başakşehir, which will witness a significant increase in real estate prices due to its proximity to this huge project.
The impact of the Istanbul Canal on the neighboring properties :
The lands adjacent to the new Istanbul Canal have great advantages offered by the presence of such an important project on the lands of Istanbul. These features are summarized by advantages that accrue to real estate in the region and contribute to raising the level of real estate investment in Istanbul, and these features are:
-strategic location :
The new Istanbul Canal is characterized by a very important strategic location in the city of Istanbul on the western side of it, as well as this importance for the neighboring lands and this importance comes from the fact that this project is located in the most important areas of Istanbul and borders the European side of it and passes next to the Bosphorus host, which is one of the most important features of the economic city of Istanbul as it is known for its work as trade ports, and therefore this canal has greater importance in this field.
The location and position of the new Istanbul Canal has affected the attraction of real estate investors to the surrounding properties to enrich the features in these properties, which are expected to be at the top of the list of best-selling properties in the city of Istanbul .
-Economic development :
The strategic location of this canal in the center of Istanbul impacts this and the great importance in the field of water transport, which is expected to be at the highest levels, especially with the participation between it and the Bosphorus Strait, on the economic field.
The economy in the region is strong and coherent and contributes to attracting investors to the lands adjacent to the New Istanbul Canal. The economic development in it is manifested through:
*Increased job opportunities in the establishments of these areas.
*Rise in wages of workers, government employees and employees of the private sectors.
*Improving living and family conditions in the area.
Thus, all these improvements make the properties adjacent to the New Istanbul Canal of great importance in the real estate market in Istanbul and attracts many investors to it.
-Commercial development :
It is the most important development accompanying the new Istanbul Canal, as this canal greatly affects the neighboring areas commercially. It is the first transit center that will occupy the entire trade of Istanbul and will take over the commercial sector upon its completion, and many commercial convoys will pass through it.
All these commercial features in the canal make the neighboring areas have purely commercial areas in terms of markets, malls, shops and other trade centers in these areas, and this in turn affected the real estate in these areas and made the investment movement in them more important and contributed to attracting investors interested in trade and the availability of goods and commodities to these properties.
-Real estate prices rise :
Many features surrounded many areas in the western edge of Istanbul only because it is adjacent to the new Istanbul Canal. These features made the real estate market in Istanbul pay great attention to these areas and made investors attracted to them, in addition to approaching the completion of this huge project, which contributed to making real estate prices more expensive than others, which made these real estate very successful in buying and selling operations, and the great options available for the real estate investment process, which became one of the most popular investments in these regions.
-Attracting more investors :
Investors are the basis for the real estate investment process, especially in the areas surrounding the new Istanbul Canal, which contributed to attracting investors of all kinds to the city of Istanbul, specifically to the areas adjacent to the canal. and commercial real estate in these areas, and therefore all investors in the world aim to practice their business and investments in areas adjacent to this canal to enjoy its advantages and characteristics at all levels and fields. We mention here that what is meant by investors is not only real estate investors, but all kinds of investments, especially that we mentioned before the economic and commercial development experienced by the real estate of these areas. Therefore, all investors in the world aim to practice their business and investments in areas adjacent to this canal to enjoy its advantages and characteristics at all levels and fields.
-Developing the infrastructure :
In general, the infrastructure in Istanbul is strong and coherent, and the same is true in the areas surrounding the New Istanbul Canal, but is more prosperous than other areas, so that the Turkish government has puts all its interests into developing the infrastructure in Istanbul, which was represented by many of the services provided by it, which made these areas in a state of real estate boom and have attracted large numbers of investors from all sides, and the infrastructure that has developed are:
-The main and secondary road networks and the interest in paving them periodically, in addition to running cleaning campaigns to clean the streets.
-Distribution of garbage containers in order to throw waste in them and maintain the purity of the environment.
-The health centers, and these centers are widely spread, such as hospitals and medical centers that receive patients and provide treatment for them.
-Cultural centers, theaters, museums and centers for spreading cultures related to the history of these regions.
-The presence of recreational centers represented by gardens, parks and other places for self-recreation in this city.
Real estate investment in real estate adjacent to Istanbul Canal :
Investing in real estate in the lands adjacent to the new Istanbul Canal is a golden opportunity for success, profit and making money, and this is what most real estate investors around the world are looking for, all of this and the project is still under construction It is not expected what results this project will achieve in the field of real estate investment, especially in such areas. There are several points related to the issue of real estate investment in the areas surrounding the new Istanbul Canal, which are:
-Real estate investing is an opportunity to make money :
Real estate investment in the areas surrounding the new Istanbul Canal is a great opportunity to make money and profit by doing several works related to the real estate investment process, and this business has recently become with many options for quick profit, which led to attracting investors to the neighboring lands in order to invest in its properties.
-Investing in such areas takes many forms, including:
*Buying and selling real estate:
This process is witnessing a great deal of circulation in the real estate market of these areas, and it is resorted to by investors who are looking for a large and quick profit. This process requires several steps and stages for those who intend to buy a property close to the new Istanbul Canal so that they communicate with an appropriate real estate broker known for his honesty and integrity and even sign the contracts necessary for the purchase process and takes the same steps he did when buying the property, but in the seller’s capacity.
* Buying and renting real estate:
In this process, investors see it as the best way to profit, because this process keeps the capital, i.e., the property fixed without loss or loss, so this process begins with buying a property in an area adjacent to the new Istanbul Canal with specific steps and stages mentioned previously, and then renting it is for the tourists who go to these areas so that this process guarantees a monthly amount that the lessor considers as his income and through which he can enjoy the advantages of real estate investment in Istanbul and in the end he did not lose anything, but his ownership of the property is still valid. Also, attention should be paid to renovating and repairing the property from time to time so that it will witness a greater demand from the tenants.
Real estate investment is an opportunity to visit Istanbul :
Profit and making money is not the only benefit that a real estate investor earns when practicing his business in the areas surrounding the new Istanbul Canal and the real estate in it. Rather, visiting Turkey and Istanbul, specifically the areas surrounding this huge project, whose benefits will spread to all of Istanbul, so many investors buy real estate in these areas in order to enjoy the beauty of the tourism components in them, which are represented in two main components, which attract the attention of tourists and investors to them, namely:
-Natural ingredients: The natural ingredients in it are the Bosphorus area, water resources, scattered trees, public parks and grassy squares, which are widely spread in the Başakşehir and Küçükçekmece areas, which are an important difference in the topography of Istanbul and a great attraction for investments from all sides, and the investor can also visit the natural ingredients that are at slightly further distances within the city of Istanbul.
-Historical components: It is the historical components that contribute to bringing those interested in reading and understanding the history and civilization of Istanbul, which are provided by the museums and shrines located in the areas surrounding the New Istanbul Canal, as well as at slightly longer distances, they can visit palaces, castles and mosques in other nearby areas in Istanbul. So, these ingredients have a major role in attracting investors to these properties in these areas.
Real estate investment is an opportunity to enter the most prestigious universities :
Joining the universities of Turkey and the universities of Istanbul in particular may be one of the goals that the investor sets in mind with regard to his education or the education of his children or relatives, so we find large numbers of students who have not completed their educational attainment come with their families, to the areas surrounding the new Istanbul Canal to buy a property in it or to practice real estate investment in it, and therefore this is a golden opportunity to join the universities, institutes and schools in Istanbul, which is famous for being the best universities in the world, and most of those joining these universities are researchers in postgraduate studies and aspiring to obtain bachelor’s, master’s and doctoral degrees from universities of value and high evaluation and among the most important universities in the city Istanbul Istanbul University, Bahçeşehir University, Koç University, Bilkent University, and many other distinguished universities in the world with a strong ranking among other universities.
Real estate investment is an opportunity to open industrial and commercial facilities :
Investing in real estate in Istanbul, specifically in the areas surrounding the new Istanbul Canal, allows the investor the possibility of doing business in addition to real estate business through the opening of industrial or purely commercial facilities such as malls and commercial markets that contribute to raising the level of trade and industry in these areas, especially after the great turnout to the markets and malls of these areas by tourists and those interested in the new Istanbul Canal, as well as the workers in this project who need equipment and materials necessary to complete the project as soon as possible.
Real estate investment is an opportunity to obtain Turkish citizenship :
One of the most important things that the real estate investor aims for in the properties adjacent to the new Istanbul Canal is to obtain Turkish citizenship, which is something that all investors and tourists around the world are looking for, because of the great advantages that Turkish citizenship provides to its owner, especially after the facilities provided by the Turkish government in this field and the laws established and regulations for these facilities, the government also set several conditions for obtaining citizenship, and these conditions were as follows:
-That the price of the property exceeds a certain amount determined by the government in an official law for real estate investors.
-The investor is free from malicious and communicable diseases, especially after what the Corona pandemic has done to the world.
-The property shall not be sold for 3 years from the date of purchase.
-The investor must prove his sincere intention to settle in Turkey, either by establishing a business there or marrying a Turkish citizen.
Real estate investment is an opportunity to settle in Istanbul :
Stability in Turkey and obtaining the rights of the Turkish citizen is the wish of every real estate investor, so investors try to practice real estate investment in the areas surrounding the new Istanbul Canal. Buying real estate in these areas is a great opportunity to settle in a country that enjoys many features that make the real estate of these areas a center of attraction for investors from all over the world. Among the advantages that those who settle in Istanbul and Turkey in general enjoy:
-Security, safety and tranquility in Turkey, ease of living and not being afraid of anything.
-Nice community, ease of mixing and mutual respect among members of the community.
-The Turkish human rights in terms of effective participation in political elections and provincial councils.
-Raising children in a correct and conservative manner away from the noise of morals in European societies, especially what we see today on social media.
Real estate investment is an opportunity to obtain a Turkish passport :
The Turkish passport is linked to Turkish citizenship, so the investor who buys a property near the new Istanbul Canal can obtain the Turkish passport after obtaining citizenship, and this matter provides him with great advantages not only at the level of areas adjacent to the Istanbul Canal or the city of Istanbul, but at the level of Turkey and the whole world, and these features have made the real estate adjacent to the Istanbul Canal a center of attraction for foreign investors coming from outside Turkey. Among these advantages enjoyed by the holder of a Turkish passport;
1-The ability to visit all the cities of Turkey from north to south through the coasts, seas and beautiful terrain.
2-The ability to travel to more than 120 countries distributed between Europe, Asia and America.