The Istanbul Water Canal project is one of the huge vital projects to be built in Istanbul.. Turkish President Recep Tayyip Erdogan announced the start of digging this canal in 2011 when he was prime minister. The water canal project in Istanbul is known as the project of the era! Aims to link the Sea of Marmara with the Black Sea in European Istanbul! Reducing the maritime traffic and the movement of ships in the Bosphorus Strait! In addition to the consequences of reducing overcrowding by removing and reorganizing random and overcrowded buildings!
Learn about the new Istanbul Canal location:
The new Istanbul Canal was located between the two regions of Küçükçekmece and Yenikoy on the banks of the Bosphorus! Specifically from the meeting point of the Sea of Marmara and Lake Küçükçekmece, it runs to the east of Lake Terkos and continues east until it reaches the Black Sea, and passes near the new Istanbul airport. The length of the new Istanbul Canal is 7 km within Küçükçekmece Lake, 3.1 km in Avcilar, 6.5 km in Basaksehir and 28.6 km in Arnavut, which is 45 km in total!
Areas affected by the presence of the Istanbul Water Canal:
All the areas that the scheme of the new Istanbul Water Canal project passes through, which we mentioned above, are areas that benefit from its existence! But the question is, how did these areas benefit from the presence of the Istanbul Water Canal? All of these areas have gained wide fame and increasing importance in terms of the boom in real estate investments.
The prices of real estate within these areas are increasing significantly and these properties have very special additional advantages just because they are located within the passage area of the water canal!
The increase in real estate prices appears in varying proportions. For example, the price per square meter in Kucukcekmece averaged about 2,900 Turkish liras, while the average rents within them reached about 1,400 Turkish liras on average.
The same applies to Avcilar, which witnessed a clear qualitative leap in real estate prices during the past five years, where the price per square meter reached 2500 Turkish liras, an increase of approximately 40%.
Arnavutkoy, which has also turned into a very attractive investment center to attract investors and distinguished investment projects! Where the price per square meter exceeded 2225 TL!
The issue of initiating the construction and digging of the new Istanbul Canal affected various areas during this path, including Kayabashi, Basin Express and other neighborhoods….
The areas affected by the presence of the Istanbul Water Canal are suitable for real estate investment:
All of these areas, Arnavutkoy, Bahcesehir, Basaksehir, Avcilar and so on... have become a real opportunity for real estate investments. Investors rush to buy or invest in real estate located near vital projects in Istanbul, especially the Istanbul Water Canal project, due to the fact that it is witnessing a continuous rise in real estate prices and thus heralds guaranteed and profitable real estate investments!
Additional advantages of real estate within the areas benefiting from the Istanbul Water Canal:
- Real estate within these areas is characterized by wide and varied views, and apartments, huge buildings, houses and residential complexes with a creative sea view are popular!
- Location, site, and scenic views make these areas with their various properties an important tourist place, and it is known that the tourism sector is directly linked to the real estate investment sector in Istanbul and increases its popularity!
- High-end services and transportation between these areas located in such a strategic location are present and secured! There are sea ports, a network of railways, buses, taxis, land roads, and finally the highway that connects the European regions of Istanbul and makes transportation between them possible within minutes!
- As for the available services, there is nothing wrong with that! Supervising real estate companies and investment categories compete among themselves to provide the best and best services in their various residential and real estate projects such as clubs, sports clubs, gardens, security facilities, entertainment houses, children’s centers, health, educational and commercial centers nearby, etc…
- Real estate diversity is one of the most important features of real estate in these areas. You can get apartments, villas, homes, smart homes and all the options you want for sale, rent, investment and others!
Additional information about the Istanbul Water Canal project that may interest you!
When is the work on the Istanbul Water Canal expected to be completed in Istanbul?
The Istanbul Water Canal project was launched in 2019 and decided to build ten bridges… The implementation of the project is expected to be completed on the ground in early 2023!
Using modern techniques in the construction of the Istanbul Water Canal project:
It is planned to use a lot of modern scientific techniques to avoid exposure to any injury or damage as a result of the sea tidal or seismic tsunami. These different techniques have been applied according to intensive and deep studies and statistics for storms, general weather conditions, waves and rain. It continues through the construction of other canals, such as the Suez Canal, Panama, or others.
Tips that interest you if you are thinking of investing in real estate within the areas affected by the presence of the Istanbul Water Canal..
- Various real estate companies in Istanbul are advised to buy real estate and apartments within these areas as they herald bright future profits and investment…
- Real estate companies offer you a lot of various real estate offers that meet the different desires of customers..
- Always take real estate advice and advice from the wise masters in the region!
Istanbul real estate companies are your guide to real estate investment within the areas near the Istanbul Water Canal project and various other areas!
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