Canal Istanbul: New Bosphorus Project

Canal Istanbul is a proposed sea-level artificial waterway project that aims to connect the Black Sea to the Sea of Marmara, bypassing the Bosphorus. The project was first initiated by the Turkish government in 2011. The proposed canal would be 45-50 km long, 150 meters wide and 25 meters deep and would be capable of handling ships up to 275 meters long. The Canal Istanbul Project also aims to facilitate the passage of ships from the Sea of Marmara to the Black Sea. The main objective of the project is to reduce the traffic in the Bosphorus, one of the world's busiest shipping routes and an important source of income for Turkey. In this way, it is planned to prevent excessively busy ship transit in the Bosphorus.





Canal Istanbul project has been the subject of interest of real estate investors and developers since the day it was announced. The proposed canal will cross a large area of land, including rural and agricultural areas that could potentially be rezoned for urban development. As a result, many contractors and investors purchased land near the proposed canal, anticipating a significant increase in property values and demand for residential and commercial properties. This situation caused an increase in property prices in the surrounding area, especially in districts such as Arnavutkoy, Catalca and Buyukcekmece. Istanbul apartment prices in these districts had very cheap house prices when compared to Istanbul in general. Buying property around Canal Istanbul now will be a positive real estate investment for the future. Overall, the Canal Istanbul project has the potential to create new real estate opportunities.


If you want to invest in real estate in order to obtain Turkish citizenship near the new Canal Istanbul Project, contact us.


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