The Turkish government is keen to offer many important infrastructure projects in several cities, especially in Istanbul, which is one of its most important cities. Realistically, it has dozens of strategic projects that are difficult to find in other countries around the world.
Istanbul has recently become famous for its new Istanbul Airport and the Istanbul Water Canal, which announced the start of construction work a short time ago.
In this article, we chose to shed light on one of the most important projects that are being built, which will have a very important impact on Istanbul in general and on the surrounding areas in particular, especially on the economic and scorpion level, which is (Istanbul's New Financial Center) an enjoyable read.
What is the new Istanbul financial project?
It is a new project that is being built at present on the Asian side of the city, specifically in the Atasehir region, and it is the first of its kind not only in Turkey but also on the global level, and there are plans to make it among the first ten financial centers in the world.
The impact of the new center on Atasehir
We have already mentioned that the new financial center is located in Ataşehir, and therefore it will be the most affected by it all, especially in its real estate aspect, since since the start of its construction was announced, a large number of famous construction companies have chosen to build on a wide number of distinguished real estate projects and residential complexes. Luxury apartments are equipped with the highest standards of quality, safety, service, and social facilities that provide residents with a luxurious life full of luxury and comfort.
All this information is capable of attracting the largest possible number of investors from all over Turkey and the world, as real estate prices in it will record a significant increase during the coming period as a result of the great demand for it and as a result of its embrace of one of the most important strategic projects in the world.
Urban Authority of the New Istanbul Financial Center
This project was built according to the distinctive traditional Turkish style, and it is very similar to the Topkapi Palace and the covered market. On the internal level, it contains a mosque that can accommodate more than ten thousand worshipers at the same time and also includes a sports facility that can accommodate more than 15 thousand people at the same time.
There are very green spaces within it, and it is planned to establish many gardens that give the place vitality and a unique aesthetic character.
The importance of the new financial center in Istanbul
Due to its great importance, many important banks, such as Halk, Waqf Bank, Ziraat Bank, and others, asked to be included in it, and among the information that you do not know about it is that it will secure job opportunities for more than 70 thousand people, and this, if indicative, indicates the importance of its reflection on the economic situation.
Areas close to the Istanbul Financial Center
Although all regions of Istanbul were affected by the new center, the greatest impact occurred on several regions and not others, and the reason for this is its proximity to it. Just as the greatest impact of the new Istanbul airport was on the regions of the European side, so here the impact is greater on the regions of the Asian side.
Kartal
The IFC project is expected to positively impact the Kartal region, which is located on the Asian side of Istanbul. The region has witnessed strong economic growth in recent years and is home to several key companies and industries, which is expected to attract more investment.
Kadikoy
Kadikoy is located on the Asian side of Istanbul and is one of the most densely populated areas of the city. It is also one of the most important commercial centers of the city and is well connected to other parts of it by public transportation.
The impact on it has been very significant and it is likely to achieve an increase in its real estate sales during the coming period, as well as real estate prices will record a significant increase.
Maltepe
The new financial center in Istanbul will have a significant impact on the Maltepe district, as the center will provide new jobs and investments in the region, and is expected to boost the local economy.
The real estate market is already active and is expected to get hotter as the financial center nears completion and investors who are looking to get their hands on a prime opportunity in such a prime location should do so soon because the prices are going to go up.
Reasons for infrastructure development in Turkey
The Turkish government has been working hard to strengthen infrastructure and increase strategic projects in recent years and here are some of the reasons why this is so important:
- To keep pace with the growing demand from businessmen and residents.
- To improve the quality of life for residents.
- To attract more businessmen and tourists to the country.
- Creating job opportunities and boosting the economy.
The reflection of the presence of infrastructure in the Turkish real estate sector
Some of the most important infrastructure projects that have been developed in recent years include the construction of new airports, highways, hospitals, and schools. These projects have positively impacted the real estate sector by increasing the demand for commercial and residential properties.
As more people move to Turkey to live and work, there is a greater need for high-quality housing. This has led to an increase in the prices of new and existing properties. The development of infrastructure has made it easier for people to move around the country, which has led to an increase in people's interest in buying properties in different regions.
Do not forget to follow our website constantly to see the most important topics related to the real estate market in Turkey and other related aspects, such as laws and developments issued by the Turkish government.
If you are looking for a unique investment opportunity, do not hesitate to tell our consultants to provide you with the assistance you need.
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