Canal Istanbul or the New Bosphorus is a huge project that aims to construct an artificial water canal connecting the Sea of Marmara and the Black Sea in the European part of Istanbul, and The value of investing in the lands of the Istanbul Canal is highlighted by the regulation’s entry into a large part of its lands and housing projects which has increased significantly since the beginning of 2023.
These developments prompted investors to invest and own property in the lands of Canal Istanbul in order to collect profit and interest, so if you are interested in investing in the lands of the Canal, we will guide you in this article on the best ways to achieve profits from investing in the lands of Canal Istanbul.
- Investing in residential lands
This is done by buying a residential land with a good space (not less than 120 square meters) to be suitable for building on it and a good location as they are two main factors in determining the price of the land and the profits that you can get, and the goal of buying this land is investment and not construction, meaning that you buy and resell it after a period of not less than a year and taking advantage of the increase in its price, which will increase as the land specifications are better.
- Investing in agricultural lands
The agricultural lands that produce fruits are of reasonable prices that suit most investors, but they require a great deal of care and attention to produce annual crops that, when sold, give good annual profits, but the best investment for these lands is to sell them after a few years for an amount greater than the price at which the land was bought, as the lands that produce large crops are easily sold and in great demand.
- Developing the land into a residential tower
The construction of residential towers is one of the most important and widespread investment projects among investors, as it is a very profitable and safe investment at the same time, but the most important thing to pay attention to is choosing a land with a prime location and enough space that allows building a large number of apartments on each floor to ensure obtaining the highest value of profits.
- Developing the land into a commercial center
The cost of building a commercial center depends on several factors such as location, area, and height, but by renting shops within your commercial center, you will ensure that you get large profits annually that cover the land and construction expenses within a few years, but do not forget to seek the help of experienced people to provide you with an economic feasibility study and financial expectations to ensure the success of the project in a perfect way.
Elhaj Real Estate Group provides the best offers for buying land in the new Canal Istanbul, in addition to conducting a comprehensive study of the land and inspecting it on the ground.
For more information and to get price offers, do not hesitate to contact us.
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