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Galata port project and its impact on real estate prices in Istanbul

Galata port project and its impact on real estate prices in Istanbul

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Day after day , investment projects and infrastructure projects are growing in Turkey in general , and in the city of Istanbul in particular , the business and investment center , and the first tourist destination in Turkey , and the first influence on its economy .

This growth and entrepreneurship comes in line with the attractiveness and attraction of Arab and foreign investors to Turkey , as it is a rapidly developing country , and the Turkish economy is one of the most economies around the world that has a brilliant future , so expectations indicate that during the next ten years it will become one of the fastest growing economies around the world , because it attracts $ 15 billion in foreign investment annually , and the amount increases every year , as well as the sixteenth largest economies around the world .

 

RH 180 - Ready luxurious homes with direct sea view in Zeytinburnu

The project was built on a land area of 63.500 square meters . It consists of 6 residences blocks plus 1 hotel block , with its green spaces of 51.500 square meters .

The project offers apartment options ranging from 1+1 to 5+1 , in addition to garden duplex and penthouse .

The project located on the European side of Istanbul , in Zeytinburnu district , on the shore of the Marmara Sea ,  just outside the walls of the ancient city .

The project located at the very intersection of all new transportation systems , road , sea and rail systems of Istanbul right beside the Historical Peninsula .

In this project , the sea will become part of your daily life . You can reach the marina with only one minute’s walk from your home over the footbridge directly connecting the project to the shore .

The project includes many services and facilities that meet all your needs , such as parking for cars , video intercom system , gardens , playgrounds , swimming pools , sauna and others .

The project also offers security and surveillance cameras 24/7 .

The project is ready for delivery , and for more details please visit the project link here : RH 180

 

The countdown has begun to open the opening of Galata Port , the largest port in Istanbul in the Karakoy area on the European side , and the Galata Port is one of the most important government investment projects that will open this year to be a prominent tourist attraction in the heart of Istanbul , and a new source of tourism in the city of two continents and to support its economy .

The project was established on an area estimated at 1.2 km in length , in the Karakoy area near the Galata Tower in Istanbul , and it extends from Karakoy area to the Fendekli area , and construction work is continuing 24 hours a day , and is expected to be open this year , Turkish Minister of Culture and Tourism Mehmet Nuri Ersoy said that it will be one of the largest tourist ports in Turkey , and will contribute to provide tourism with no less than two million tourists a year , by conducting nearly four thousand cruises through five hundred ships , as it is expected to supply tourism with twenty-five million foreign tourists , and to contribute to annual income approximately one billion dollars .

According to studies carried out by real estate appraisal companies , in recent years and during the entry into force of the construction of the Galata Port , the surrounding area has witnessed a great demand for investment , especially in the sectors of tourism and the establishment of tourist facilities , and the real estate sector .

The area is characterized by being a tourist area with distinction , as it is close to the Bosphorus Bridge and Taksim Square and the Sisli and Maslak areas , which makes it a center for tourism and investment , so the area has witnessed a significant rise in real estate prices and rents since the start of the project , and it is known that this port will contribute to attracting high-income tourists , which made investors think heavily about the commercial real estate and buildings located in the areas surrounding the port project , especially in Karakoy area which investors began buying old buildings to rebuild it and convert them into hotels and tourist facilities , as the area has seen huge demand for investments in many other sectors .

Today , the area is witnessing a big movement in the restoration of its real estate and its re-establishment , as prices in these areas have witnessed a big rise , especially in recent years . Two thousand to four thousand dollars , as the price per square meter in the shops in the region reached between ten thousand and twelve thousand dollars , and the rent per square meter in it ranged between thirteen to thirty dollars , as the rent per square meter in offices reached approximately ten to seventeen dollars .

 

 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 .

 

RH 80- apartments with Bosphorus view and suitable payment plans in Sisli 

A first class residential and investment project in the center of Sisli , specifically in the fast growing Bomonti area .

The project is located in one of the most famous areas on the European side of Istanbul , Bomonti district , a growing area that attracts the attention of investors at the moment , which is characterized by easy access to the most vital places in the city , and its proximity to shopping centers , airports , hospitals , universities and schools .

The project location is just 8 minutes away from Taksim .

This project has been designed in line with the highest quality standards in real estate in Turkey .

All apartments have private balconies with views of Istanbul or the Bosphorus .

The project includes special facilities that provide residents with comfort and entertainment and meet all their needs such as swimming pools , gym, walking paths , sport courts and restaurants , in addition to surveillance cameras and security .

Invest in this project today and benefit from its prices which will increase by 40% after the completion of the project .

All the project details in this link : RH 80

 

Eresin Project