"Istanbul" channel provoked a rise in property prices

Kanal Istanbul, which will connect the Marble and Black sea – is not just one of the most grandiose projects of Turkey, it's also a great project of the world.

The channel is 45 km long and has a width of 400 meters, the construction began last year and since then, prices for real estate along the channel are constantly growing.

On average, for the last 8 years in the northern part of Istanbul, the prices have grown by 60% caused by the brand new third airport of Istanbul which is still under construction.

At the same time, the prices for housing located along the canal has risen by 40%. Real estate in this part of Istanbul is very actively invested by foreign investors. And the government expects that while the channel is being built, the house prices and the number of purchases of real estate in this area will actively grow.

The completion of this project is scheduled for 2023.

18.07.2018

Important news

All news

Life in Turkey

Possible reopening of previously closed areas in Alanya for residence permits.

The Turkish Statistical Institute (TÜİK) has sent an official request to the Directorate General of Migration Management to obtain up-to-date information about the closed areas in Alanya.

Gold is breaking records again: the price per ounce has reached $3500.

On April 22, 2025, the price of gold on the global market reached a new historical high of $3500 per ounce. This marked a clear signal amid growing anxiety in the global economy and increased demand for safe-haven assets.

New Airport Terminals Opened in Antalya: Capacity Doubled!

These changes are aimed at enhancing service quality and meeting the growing number of tourists and international flights, especially during the summer season.

Forbes Publishes Updated List of the World's Richest People: Elon Musk Tops the Rankings Again

Forbes magazine has released its new list of billionaires, with the number of billionaires surpassing 3000 for the first time. The leaders of the list are well-known business tycoons and tech giants, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.