Istanbul Financial Center and its importance in the world of investment

The growing investment importance of Istanbul as an influential financial center

19th December 2022

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As a matter of the great renaissance in the infrastructure in Istanbul, we are talking about the Istanbul Financial Center, which is a global revolution and a unique version, and it will have a great impact on various aspects of life, especially the real estate sector.

You can find many details about this center in this article, an enjoyable read.

What is the new Istanbul financial center?

The new Istanbul Financial Center, located in Atasehir, is a world-class financial center that will revolutionize the region's financial landscape and is set to become one of the most important financial centers in the world, with a master plan designed to attract banks, capital markets authorities and offshore money managers from both Europe and the Middle East.

With 70-80% of transportation provided by public transportation, it is expected to employ 70,000 people. The financial center will also include 7 hotels and shopping malls; State banks such as Halk Bank, Ziraat and others; Moreover, it is designed to bring traditional values into the future with its architecture inspired by Topkapi Palace and the Covered Bazaar.

With its strategic location at the intersection of highways and distinctive architecture on the Anatolian/Asian side of Istanbul, this project is sure to be a game-changer not only for the finance sectors but also the real estate, business and entertainment sectors.

The new center...an investment attraction

The center quickly became a hotspot for investors as the project aims to become one of the 10 largest financial centers in the world by the coming period. Investors from all over the world are showing great interest in the region due to its strategic location and its promise to create a safe haven for funds from neighboring Europe and the Middle East.

Transportation will be mostly provided by public transportation, the value of the region is increasing rapidly, and the presence of banks, the Istanbul Stock Exchange and other authorities has increased investor confidence.

With the inclusion of support units and services such as conferences, cultural palaces, hotels, mosques, kindergartens and health centers, it will provide a comprehensive and lively center that is sure to attract more investors to the region.

Real estate is affected by the new Istanbul financial center

The new Istanbul International Financial Center is set to revolutionize the real estate market in the surrounding areas and indeed, square meter prices in the area are increasing, as investors realize the potential of this center to become one of the largest financial centers in the world.

Not only are people investing in real estate expecting a good return on their investment, but with seven hotels, multiple shopping malls and other facilities planned for construction, there will be plenty of opportunities for companies to benefit from this project and with its close proximity to both Europe and the Middle East, this hub will be A safe haven for investments from all over the world.

The most important areas near the new center

As for through the following paragraphs, you will be able to identify the most prominent areas near that center and the extent to which they are affected:

Kartal

Real estate in Kartal has been positively affected by the upcoming construction of the Istanbul Financial Center and this new center is expected to bring major developments in the economy and lifestyle in this region, making it a great investment opportunity. As a result, those looking to buy or rent property in it have already seen an increase In interest in the area due to its proximity to the center with an influx of businesses and new developments.

Maltepe

It is reported that when the project is completed, Maltepe will be the 'heart' of the real estate, business and entertainment sectors as well as finance and this will be an exciting time for Maltepe as it will be able to take advantage of this new investment opportunity and become a hub for both local and international investors.

Kadikoy

This influx of people and resources is expected to provide a huge boost to the real estate market in Kadikoy, moreover, the presence of a high-ranking financial center in the region is likely to attract foreign investors, leading to higher prices and demand for apartments. In short, the financial center has the potential On turning Kadikoy into a more attractive destination for real estate investments.

When will the Istanbul Center be completed?

As the Istanbul Municipality continues to expand transportation links and create green spaces within the financial center to create natural parks, the project is expected to be completed in the near future and with this in mind, it is clear that the city will soon become a global leader in finance, business and entertainment.

Finally, it must be noted that the Turkish government is keen to constantly propose a lot of infrastructure projects due to its realization of the importance of this matter for countries in general, especially in terms of attracting foreign investment, which in turn provides a lot of economic support to the country.

Among the most famous projects that Istanbul is proud of:

- Istanbul's new airport, which is one of the most important and largest airports in the world.

- The new Istanbul water canal that is being built and is expected to be completed in the near future.

- Basaksehir Medical City, which is a real revolution in the world of medicine and health in Turkey, which was launched recently.

- Many highways and the development of public transportation, which was a solution to the major overcrowding problem that the city suffers from.

This is the most important information related to the new financial center in Istanbul, and you can find out more details through our website, through which we monitor many topics about the real estate market in Istanbul that you are interested in getting to know and looking at.

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Istanbul Financial Center and its importance in the world of investment

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