Over-ambitious construction projects in Istanbul not only will have a strong influence on the life of one of the most attractive cities in the world, but also will contribute to the revival of the real estate market of the city, considered to be one of the world's economic and cultural centers, reports ee24.com citing tapu.ru.
Six wonders of Istanbul:
1) Channel "Istanbul" length of 50 km will be dug on the European side of Istanbul parallel to the Bosphorus. The purpose of construction is unloading the Bosphorus and creating the way for the vessels carrying dangerous goods. Needless to say, how positively it will affect the value and popularity of villas located on the banks of the Bosphorus. The developers will also be glad.
2) Construction of two satellite cities of Istanbul. This project will help about 750,000 people move into environmentally friendly housing. It is planned that the settlers will be the residents of areas with the highest population density. New cities will be in perfect harmony with the infrastructure that connects the third bridge over the Bosphorus, the Sea of Marmara northern highway and high-speed railway line.
3) The third bridge over the Bosphorus will be built as early as 2015. It will reduce the density of the flow through the two other bridges and at the same time increase the cost of real estate in areas that will be connected by the new bridge.
4) The new airport of Istanbul is also the third one. The new terminal will be designed for 150 million passengers and will open up the new opportunities for air travel and freight. The project will not only enhance the attractiveness of the city as a whole, but also contribute to the growth of housing prices in areas close to the airport.
5) Railway tunnel "Marmaray", which will connect the Asian and European parts of the city, will be held under the waters of the Bosphorus. Implementation of the project will simplify the way from the center to the outskirts of the city and will give impetus to further development of suburbs of Istanbul. Housing will rapidly become more expensive due to increased demand, both external and internal.
6) The financial center of Istanbul in Ataşehir will become a new platform for financial institutions such as the Agency of banking regulation and supervision (BRSA), Central Bank, state-owned banks Vakıfbank and Halkbank. This will increase the sales and rental value of apartments and offices located in the area.