One of the world's largest canal projects is the Istanbul Canal, which will once again give Turkey control of a maritime route between the Black Sea and the Mediterranean, like the Bosphorus
One of the advantages of this global project is that it will greatly boost many districts, turning areas that were inland with no sea view into the most important districts overlooking the waterway
Property developers are rushing to these districts to acquire land and build projects overlooking the canal, which is expected to be completed in 2023
It is worth noting that property valuations in these districts are still at acceptable levels and within the normal range, but that valuation will not stay put once the project begins and is finished
Prices will turn upwards to their highest levels once the project is complete
Is investing in the Istanbul Canal areas a successful investment
Property investment in Turkey continues to prove its success and its ability to withstand the obstacles in its path, such as the coronavirus pandemic
and investing in areas overlooking this global, strategic project is an opportunity that will not come round twice in a lifetime, because prices and stable property investment in Turkey at this stage will not stay that way for ever
The main districts the project will pass through:
• Başakşehir
• Arnavutköy
• Beylikdüzü