Development projects reflected in the Turkish real estate sector

Turkey has witnessed amazing development projects in recent years, and this has been reflected in the Turkish real estate sector, thanks to the continuous increase in investments

In this blog, we will explore the world of development projects in Turkey and how their presence affects the real estate sector and Turkey has been witnessing amazing growth and development in recent years, thanks to the continuous increase in investments in huge development projects aimed at strengthening infrastructure and developing vital sectors and among these development projects, there are prominent projects that have a clear impact on the real estate sector in Turkey.

Learn about development projects that have affected the Turkish real estate sector

Here is a list of development projects that have affected the real estate sector in Turkey:

New Istanbul Airport

With the new Istanbul Airport, a global achievement has been achieved for Turkey, as the airport ranked first in the world thanks to its wonderful features and this airport is one of the most important projects the world has witnessed, and it has been able to obtain many international awards so far.

The new Istanbul Airport is characterised by its vast area and the availability of many service facilities inside it, including the mosque and the library, which allows travellers to complete all procedures easily and smoothly, without the need to move between multiple buildings and this airport was established to face the significant increase in the population in Turkey, in addition to receiving huge numbers of tourists annually.

This airport has greatly affected the real estate sector in Turkey in general, and especially in the city of Istanbul and the closer we get to the airport, the higher the real estate prices in the region, and one of the places that has been greatly affected are the areas located in the European side of Istanbul, and its impact cannot be denied also on the Asian side of the city.

The new Istanbul water canal

The new Istanbul Water Canal, also known as the "Project of the Age", is an old idea that originated from ages past and is now being implemented and although its construction has not been fully completed yet, its impact on the real estate market has become clear, and the areas near the canal are considered the most affected by it, and accordingly these areas have become a destination for many investors and businessmen seeking to build their investment projects and companies in these areas.

The importance of the water channel lies in the fact that it will relieve pressure on the Bosphorus Strait and solve the current congestion problem.

In addition, the presence of the canal is not associated with any negative impacts on the environment or existing infrastructure and it is expected that real estate prices in Turkey will rise in general upon completion of the construction of the canal, due to the increasing interest in the surrounding areas and the development of infrastructure and services in those areas.

Eurasia Tunnel

Also known as the Bosphorus Tunnel, it is a tunnel dedicated to vehicular traffic and is of great importance in connecting the Asian and European parts of Istanbul and with a height of 14 metres and a length of 15 kilometres, this tunnel is considered one of the largest newly opened projects in Turkey.

The Eurasia Tunnel contributes to reducing distances between regions, easing traffic congestion, and plays a role in reducing environmental pollution and the tunnel has environmentally friendly qualities and saves energy and the impact it has had on the real estate sector cannot be denied, as it has contributed to attracting more foreign investments to Turkey and it is an achievement that gives the Turkish state more distinction and uniqueness.

Features of the Turkish real estate sector

1. Turkey occupies a strategic location between the European and Asian continents, which means that there are multiple and strong investment opportunities.

2. Turkey is enjoying strong and active economic growth, which enhances investor confidence in the real estate market.

3. Turkey has a variety of real estate properties, from apartments to luxury villas, commercial and tourism projects

4. Turkey is among the real estate markets that provide reasonable and competitive prices compared to other countries.

5. Turkey has taken measures to encourage real estate investment, which provides an appropriate and encouraging investment environment.

6. The Turkish real estate market is witnessing an increase in population demand due to the continuous population growth and the increase in internal and external migration.

7. It receives a great diversity of cultures and nationalities, which attracts investors and buyers from all over the world.

8. Turkey has a well-developed infrastructure, including road networks, airports, and ports, which enhance access and easy mobility.

9. Turkey is witnessing the implementation of huge development projects, such as the new Istanbul Airport and the Istanbul Water Canal, which boost investments and support the real estate sector.

10. The Turkish real estate market offers attractive returns on investments, whether through rents or increasing the value of the property over time.

11. Turkey enjoys political and economic stability, which increases confidence in the real estate market and attracts investors.

12. Citizenship programs are offered by investing in real estate, which boosts interest and demand.

13. There is a constant demand for apartments in Turkey, whether from citizens or foreigners wishing to invest or live in them.

14. Tourism plays an important role in the real estate sector in Turkey, as the tourism market enjoys a strong momentum and contributes to enhancing the demand for tourist real estate.

15. The Turkish real estate sector enjoys the availability of a wide range of services and facilities, including schools, hospitals, commercial centers and entertainment centers.

16. The Turkish real estate market provides an opportunity to invest in tourism leasing programs, allowing investors to achieve financial returns from tourist real estate.

17. Turkey has a wonderful natural diversity, including stunning beaches, mountains and lakes, which makes Turkish real estate attractive to nature lovers.

18. Reliable real estate insurance programs are available in Turkey, ensuring that investors and buyers are protected from potential risks.

19. Turkey is rich in history and culture, and provides an opportunity to enjoy the rich cultural heritage and historical sites, which enhances the attraction of real estate close to those areas.

20. Turkey adopts a policy of encouraging partnerships and cooperation in the real estate sector, which opens doors for investors and developers to take advantage of joint investment opportunities.

Common questions

What is the importance of development projects in Turkey and their impact on the real estate sector?

Development projects enhance the infrastructure and attract more investments, which leads to an increase in the demand for real estate and an increase in its value.