THE VALUE OF PROPERTIES IN ISTANBUL INCREASES DAY BY DAY | Property in Turkey
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Property in Turkey

THE VALUE OF PROPERTIES IN ISTANBUL INCREASES DAY BY DAY

Posted by Property In Turkey on 28 November 2015
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The real estate market of Istanbul has showed a visible growth thanks to the mega projects of Istanbul like Kanal Istanbul, Marmaray rail line, third airport and third bridge.

Istanbul city has an important center for investors since there are many constructions going on in the field of real estate sector. It is clear that this city is accepted as the biggest market for those who would like to invest in Turkey. With more and more investment activities, it is likely that the migration to Istanbul will continue. This city plays an important role economically and geographically due to its unique location.

The mega projects in Istanbul attract many people, both local and foreign investors. For instance; Kanal Istanbul is being built on the European side of Istanbul so as to make a sea-level waterway connection between Black Sea and Sea of Marmara. Thanks to this project, nearby districts will become more popular. The other one which is third airport project is located on the north side of Istanbul that is near the Black Sea. When its construction is finished in 2018, this airport will have the highest passenger capacity in the world. So as to reach here in a fast and easy way, a subway line between Gayrettepe and the third airport is being constructed at the moment. It is expected that this underground line will be able to reduce the traffic in Istanbul.

With its unique and important location, Istanbul is attracted more by many investors and real estate companies thanks to these big projects. It seems that the investors will be able to have new opportunities for their future investment plans.

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