Turkey and Istanbul will witness a tourism and commercial project that will change the face of the city and accelerate its population, economic and tourism growth. The Turkish government has begun implementing the Istanbul Canal project, which serves as a new Bosphorus passageway. Istanbul Canal is a waterway on the European side of Istanbul that connects the Black Sea and the Sea of Marmara and extends between the south and north of Istanbul with a length of 45 km.
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The reason for digging the Istanbul Canal is to expand the options of waterways in Istanbul, relieve pressure on the Bosphorus Canal, reduce congestion in it, stimulate maritime traffic, and stimulate tourism and trade in the city.
The new Istanbul Canal runs from Kucukcekmece Lake and the Sazlidere Dam to the east of Terkos Lake and all the way to the Black Sea.
Information about Istanbul Canal:
- The length of the Istanbul Canal will be 45-55 km
- The depth of the Canal is 25 meters, its width is 400 meters on the surface.
- The canal will be built on lands with an area of approximately 67 million square meters.
- Ten bridges will be built, 5 of them to connect the highways on both sides of the canal, and 5 bridges to connect the two sides of the new island.
Importance of the Istanbul Canal:
The importance of the Istanbul Canal is clearly visible in changing and developing the city of Istanbul, where many landmarks will be developed and built, and new commercial markets and tourist attractions will be opened and will. However, this will positively affect the Istanbul real estate market and increase investment opportunities in the city in general and around the canal.
The value of residential and commercial real estate and agricultural lands around the canal will receive great attention and witness an increase in their value and increase in their prices.
On the other hand, the canal will also divert the maritime traffic of ships from the Bosphorus to the new canal and will contribute to improving the environmental conditions of the city and the strait and will reduce the environmental risks to which the Bosphorus is exposed.
Canal Istanbul Positive effect on the real estate market:
Istanbul Canal is not just a project, but a major change in the conditions and nature of investment in Istanbul, where the value of the economy in general and the real estate investment market in particular will increase.
The value of properties and real estate investments will increase in the areas through which the Istanbul Canal passes, and the impact of the canal on real estate in the region has appeared since the announcement of the project, and among the areas that will witness a great investment around the canal (Kucukcekmece, Basaksehir and Bahçeşehir).
The pace of construction of new real estate and construction of architectural projects has accelerated in the areas around the canal, which is today one of the most important investment places in Istanbul.
Advantages of real estate investment in the areas near Istanbul Canal:
First: The properties and real estate investments in areas close to the canal, which is a waterway connecting two continents, the Black Sea, and the Sea of Marmara.
Second: The areas around the canal are areas of high investment value and promising for a prosperous investment and economic future.
Third: The areas around the canal are close to Istanbul's new airport.
Fourth: The region is witnessing the construction of many tourism and commercial projects that will increase the value of investment in the region.
Investment projects to be built on both sides of the new Istanbul Canal:
- 12 bridges linking both ends of the canal, six of which will provide six bridges for road and rail transport, and six other bridges for the passage of wild animals.
- Railways linking the areas around the canal to Istanbul Airport.
- Shipping ports in the Sea of Marmara and the Black Sea.
- Three artificial islands in the Sea of Marmara.
- Two berths on Basaksehir Lake with a capacity of 200 yachts, and on Sazilidere with a capacity of 860 yachts.
- Lighthouses and waiting areas in the Sea of Marmara and the Black Sea.
In nutshell, Istanbul Canal is one of the most important strategic and investment projects that will change the face of the city and revive the real estate market and real estate investment in the region. It is an opportunity for every investor who wants to invest with a guaranteed profit and a promising investment future.
The canal will be a link between the Sea of Marmara and the Black Sea, the gateway to Europe on the Mediterranean, the route of ships and commercial ships, the destination of tourists to new areas, and the best place to invest in real estate and new projects.
Certainly, Istanbul Canal will be a major change in the real estate investment market in Istanbul and a gateway towards impressive investment opportunities.
"The new Istanbul Canal will create new investment value."
Edited by: Trustus Consultancy©