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Istanbul Canal Project

Istanbul Canal Project

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Istanbul is the economic , commercial and cultural center of the country , due to its strategic location between the Black Sea and the Mediterranean Sea , as well as linking the Asian part of Turkey to the European section through the famous Bosphorus Bridge .

The city of Istanbul is one of the most famous tourist cities in Turkey and in the world , where it is visited by tourists and visitors of different nationalities and religions , because of the nature of this beautiful city and its distinctive scenic and nice weather , in addition to being overlooking the charming Bosphorus Strait .

Istanbul is a charming and unique city from the rest of the world cities . Istanbul is the largest city on the continent of Europe , and the eighth largest city in the world , and the largest city in Turkey , with a population of 14.804.116 people , according to the statistics of 2019 .

One of the largest and most important projects that the Turkish government is building in Istanbul , which will revive its economy and draw attention to it , is Istanbul Canal project .

Istanbul Canal project , the era project and the largest project in Turkey . It is the Istanbul Canal project announced by Turkish President Recep Tayyip Erdogan , when he was prime minister in 2011 , as one of his goals to reach a new Turkey in 2023 . It is a project that will strengthen Turkey's position in the field of water crossings , and will connect the Marmara Sea to the Black Sea in the European section of Istanbul .

The Istanbul Canal project will divide the European side of Istanbul into two parts , which will lead to the formation of its beaches on the Black Sea , the Sea of Marmara , the new Canal and the Bosphorus Strait , which in turn will lead to a crazy rise in property prices in the areas covered by the Canal Istanbul project .

The Istanbul Canal project will be a new waterway of 45 - 50 kilometers ( 28 - 31 miles ) and at a depth of 25 meters ( 82 feet ) , and it will be 150 meters ( 490 feet ) on the surface and 120 meters (  390 feet ) at the bottom of the canal , these dimensions allow the largest number of ships and submarines to pass .

The idea of ​​the Istanbul Canal started for the first time in the 16th century . The project will be supervised by the Presidency of the Istanbul Canal Project , which will be established in cooperation with the Presidency of the Turkish General Administration of Housing ( TOKİ ) , Emlak Konut Company and Greater Istanbul Municipality .

The exploration work started in the course of the Istanbul Maritime Canal project since 2017 , and ended in early 2018 , and the Ministry of Transport and Maritime Navigation has cooperated within the framework of this project with a large number of institutions , most notably : ministries of environment , forestry and water affairs . In addition to the Greater Istanbul Municipality , the TOKI Collective Housing Department of the Turkish Ministry of Environment and Urbanization , the Ministry of Transport also hired a large number of Turkish and international experts .

The General Directorate of Roads will establish bridges and an emergency port within the Istanbul Water Canal project . The Ministry of Transport has also developed a preliminary plan for the project , which will be used to build the islands in the Marmara Sea , to fill the pits in the coal mines , as well as to build recreation areas .

The aim of the Turkish government through the establishment of the Istanbul Canal to reduce the movement of ships in the Bosphorus Strait , and also seeks to minimize the damage caused by ships carrying dangerous substances , which threaten the marine wealth in the Strait and the surrounding environment , in general there are 56.000 ships annually pass through the Strait Bosphorus , including 10.000 tankers carrying 145 million tons of crude oil , as well as the removal of random buildings on the track .

But the main objective of the new Istanbul Canal 2023 project is the anniversary of the founding of the Turkish state , and the end of the Treaty of Lausanne , which prevents the Turkish government from collecting taxes on the passage of ships across the Bosphorus .

Learn about the Bosphorus in Istanbul and its beautiful bridges through the following article : The Bosphorus , and the beautiful bridges of Istanbul

It is worth mentioning that the Istanbul Canal project has been carefully studied to protect it from water earthquakes and winds with future projections until the next 25 years , in addition to storms and deep waves that come from the Black Sea , and also not to lead the passage of ships to form waves Strong on the banks of the canal , all of which has been thoroughly studied .

And now the most important question , what is the benefit of the establishment of the Istanbul Canal for investors in Istanbul ?

A project of this size will benefit all other areas of investment in the country , due to the revitalization of the commercial movement , and therefore the real estate prices will rise on the new Canal Road , it will be in parallel with the current Bosphorus Strait , and is known that the property overlooking the Bosphorus Strait is the highest price in Istanbul , so the idea of real estate investment in the new Canal Road will be a good and profitable idea .

The European side of Istanbul has boomed in the recent years , due to the new Istanbul Canal project and the new Istanbul Airport ( third airport ) , which increased investor demand and caused an increase in demand by investors and real estate developers , and increased the desire of international investors . As a result , the value of real estate and land in these areas has increased significantly . The Istanbul Canal project is one of the largest projects to be built in the 21st century , not only in Turkey but all over the world . This channel will be a great opportunity for the real estate sector in the city , where real estate prices started to increase in the city even before the implementation of this project . The canal , especially in areas such as Bahcesehir , Basaksehir , Kucukcekmece , Kayasehir , and the real estate investment returns in these areas are currently the most feasible and economically profitable , and one of the highest investment returns in Istanbul .

This has led to the establishment of a large number of mega projects in the area of ​​Basaksehir , for example , where the region has witnessed the construction of many commercial complexes and health facilities , and halls and sports stadiums and transportation projects .

Property prices in a number of areas have increased in varying proportions , especially in neighborhoods such as Kayasehir and Basin Express , and other neighborhoods in the region are expected to see a rise in property prices in the near future .

Kucukcekmece has also seen a similar increase in real estate prices , both in terms of rental and sale , with an average price per square meter in the region of 2900 TL , based on the indicators of last October 2018 , while the average Monthly rent for houses in the region to 1400 TL on average .

The situation is similar in the Avcilar region , where the last 5 years have witnessed a big jump in real estate prices , and many large real estate projects have entered , and the rate of increase in prices reached 40 percent during this period , and the price per square meter averaged to 2500 TL .

The situation is not different in the Arnavut Koy region , which has become a major attraction for investors in the real estate sector . After the spread of news about the construction of the Istanbul Canal and its passage from this region , the average price per square meter reached 2225 TL . Also , this area is witnessing a new metro line , which is being built by the Turkish government , and will be completed within the next three years , so this region is one of the largest investment opportunities in the real estate market in Istanbul .

Learn about Istanbul Metro lines in the following article :  Istanbul Metro Lines 2020

 

 Residential and investment projects near to Canal Istanbul : 

  • RH 160 - Tema project in Basaksehir

The project was developed by one of the best real estate developers in Turkey . It is a huge project built on a land area of 150.000.0 square meters . It includes 3531 apartments with different options ranging from 1+1 , 2+1 , 3+1 and 4+1 with areas ranging from 43 square meters to 202 square meters .

The project includes 24 commercial units to meet all your needs .

The project includes 6.500 square meter sports club and it is considered as one of the most comprehensive projects that offer services and recreational facilities with a magnificent view of the sea and the lake .

The project is located on the European side of Istanbul , in Basaksehir district , near Mahmud Bey , one of the most important real estate investment areas in Istanbul , which is increasingly on demand .

The distinctive location of the project in the most attractive areas for foreigners to buy a property , because of the integrated services for residents and high investment returns for investors .

The project is just one minute from the highway and only 2 minutes from the metro station being built near the project .

The project details in the following link : RH 160

 

  • RH 182 - Affordable houses in Bahcesehir near the lake

It is a housing project that built on a land area of 55.000 square meters .

The project consists of 14 blocks and offers 2+1 , 3+1 and 4+1 apartment options , in addition to 40 shops .

The project has a government guarantee .

The project located on the European side of Istanbul in Bahcesehir district , the prestigious and sophisticated face of Istanbul and the new attraction for real estate investments .

Bahcesehir is known for its rapid urban developments and its growing projects . Also , it is characterized by its nature , gardens and green spaces .

The project is close to Canal Istanbul , the highways , Ataturk International Airport , and Istanbul Third Airport .

The project details in the following link : RH 182

 

  • RH 164 - Project in a quiet area in Bahcesehir with large areas guaranteed by Turkish government

It is a housing project that is being built on a land area of 41.168 square meters .

The project consists of 10 blocks that contain 724 apartments and 52 commercial units .

The project offers different apartment options ranging from 2+1 to 4+1 , apartments with garden and apartments with a terrace .

There is 320.000 square meters archeological site in front of the project so the view of the project will not be closed .

High-quality materials used in constructing the project ( oven - hood - bakery - dishwasher - AC - cabinets for kitchen , bathrooms , and hallway ) .

The project located on the European side of Istanbul in Bahcesehir district , the prestigious and sophisticated face of Istanbul and the new attraction for real estate investments .

Bahcesehir is known for its rapid urban developments and its growing projects . Also , it is characterized by its nature , gardens and green spaces .

The project is close to Canal Istanbul , the highways , Ataturk International Airport , and Istanbul Third Airport .

The project located in a vital area near metro , schools , universities , hospitals , parks and other essential services .

The project located on the connection road between 2nd and 3rd highway .

Metro Station will be in a walking distance from the project , which will be ready to use after 3 years .

More details about the project in the following link : RH 164

 

  • RH 98 - Ready to move project in a distinctive location in Basin Express

It is a housing project in Bagcilar district . The project built on a land area of 20.000 square meters and it consists of 17 blocks that contain 342 apartments and 60 shops .

The project offers housing units with various options ranging from 1+1 , 2+1 , 3+1 , 4+1 and 60 shops .

In this project , the exterior design is elegant and distinctive . The residential units are distributed into three high buildings that will give you a wonderful view .

The project located on the European side of Istanbul in Gunesli neighborhood on Bagcilar district , one of the most prestigious areas in Istanbul , where there are many 5 stars hotels and investment projects that are growing day by day .

Bagcilar district connected with the city center as it is accessible from all over Istanbul .

The distinctive location of the project near to Basin Ekspres main road and the essential services .

The project constructed at an easy access point to TEM Motorway , E5 Highway and the airport .

For mode details about the project : RH 98

 

In addition to that , Turkish government provides facilities and incentives for foreign investors who are seeking to buy a property in Istanbul , due that , the new laws came that allow investors and property owners in Turkey to get Turkish citizenship and Turkish passport in the case of buying a property worth $ 250.000 .

 

 What are the advantages of buying a property in Turkey ? 

  1. Low tax in Turkey , the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey , and was reflected positively in stimulating foreign investors to own property in Turkey , which contributed to the revival of the real estate market in Turkey in general . The most important tax deductions are : Exempting the foreign buyer from the value added tax due on the property .
  2. Obtaining a residence permit , where foreigners who own properties in Turkey , whose price is less than $ 250.000 , are granted a residence permit that is renewed annually . Real estate residence permit in Turkey is granted to the landlord , his wife , and his children under the age of 18 .
  3. Real estate in Turkey is the cheapest real estate investment in Europe , where real estate prices in Turkey are considerably cheaper than those in Europe , with similar features in infrastructure , and similar in structure of developed European countries .
  4. Real estate investment in Turkey provides a profitable investment return , based on the economic activity and rapid urban development , and the strength of tourism in Turkey , which is best reflected in the periods and tourist seasons , through the demand for rental homes during those seasons distributed throughout year .

Learn about the steps of buying a property in Turkey in the following link : Steps to buy a property in Turkey

 

 What are the advantages of obtaining Turkish citizenship ? 

  1. The strength of the Turkish passport , where the Turkish passport is ranked 39th in the world , and its holder is granted access to 72 countries without a visa .
  2. The Turkish passport and citizenship are processed and delivered in a relatively short period of up to 30 days .
  3. Turkey's relationship with the European Union , where negotiations and agreements between the Turkish government and the European Union countries on the accession of Turkey to the European Union are still underway . Turkish citizen has the right to enter Europe without a visa in the future .
  4. Possibility of Turkish passport holders and Turkish citizenship to benefit from retirement programs as a Turkish citizen .
  5. The Turkish government provides free education and payment plans to the university for Turkish passport holders and Turkish citizens .
  6. The Turkish passport gives the holder all voting rights for all types of elections in Turkey .
  7. The Turkish government allows dual citizenship for those holding Turkish passports , as they may also have another citizenship .
  8. Turkish passport is valid for 10 years when received , and can be renewed for life .
  9. The economic importance of Turkey , including the ongoing reforms undertaken by the Turkish government in order to revive its economy constantly .

More information and news regarding Turkish citizenship from this link : Turkish citizenship

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