Real Estate Blog
New Business City in Turkey: Significant Investment Opportunities it Offers
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Investment opportunities in the new business city in Turkey
The new city "Yeni Sehir" in Istanbul is a prime example of extensive urban planning. It represents a model for sustainable and innovative cities and is part of Turkey's efforts to achieve a balance in development across different areas of Istanbul. The city is a hub for economic and cultural activity and is equipped with the latest technology and advanced infrastructure.
The city is designed to serve as a base for international and local companies, offering advanced facilities and services, including business centers, industrial zones, shops, schools, and hospitals. "Yeni Sehir" is ideal for families due to its provision of green spaces, and recreational, and sports areas.
One of the most notable features of this city is its emphasis on environmental sustainability. Advanced waste management and energy-saving techniques are used, along with smart applications for traffic and public transport management.
Furthermore, the city is a tourist attraction due to its strategic location near Istanbul airport, making it easily accessible from various parts of the world. The city offers a unique blend of traditional and modern Turkish culture, including museums, luxury hotels, and restaurants offering diverse cuisines.
What are the main vital projects in it?
- Istanbul New Airport, the largest airport in the world.
- The new Istanbul Canal, also known as the New Bosphorus.
- Arnavutkoy Port.
- The Yacht Harbor.
- Durusu Lake.
- The Industrial Zone.
Is construction allowed on these lands?
On January 17, 2022, the Turkish government issued a construction decision in Yeni Sehir, and we are currently waiting for the building permit.
Investment features include:
- The current price per square meter of land is low compared to neighboring areas, and prices are expected to double when the deeds are converted from agricultural to residential, with investment returns of up to 90%.
- The region attracts major construction companies like Emlak Konut, Pegasus, Babacan, and Emaar, which own large properties.
Invest in the new city's land quickly before prices rise. Contact us to offer the best real estate prices with a very high return on investment.
Frequently asked questions
How long does the property transfer process take?
The property transfer process usually takes from three days to two weeks, depending on the speed of completing the procedures and the availability of the necessary documents.
How can I verify the legal status of the property?
You should verify the validity of the title deed (tapu) and ensure that there are no debts or mortgages on the property through the Land Registry Office and with the assistance of a specialized lawyer.
Can I buy property in Turkey through a power of attorney?
Yes, you can buy property in Turkey through a power of attorney, provided the power of attorney is certified by the Turkish consulate or notarized locally in Turkey.
