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Do you believe buying property close to the new Istanbul airport is a wise or profitable step? Because of its significance and the extent to which it has had an impact on the city’s real estate market, many investors tend to purchase a property close to this enormous modern structure. We have chosen to illustrate it in this article along with some information about ownership close to Istanbul Airport. We hope you enjoy reading it.
About Istanbul Airport
Istanbul New Airport is a significant global center in Istanbul, Turkey. It is the country’s largest airport and one of the largest in Europe. The new facility, which opened in 2020, serves as a major international port for travelers from all corners of the globe.
The airport is equipped with cutting-edge equipment and infrastructure, ensuring that passengers have a contemporary and effective experience. It has six runways, two of which can accommodate large aircraft like the Airbus A380. In addition to four passenger terminals.
The airport is designed to accommodate more than 90 million passengers per year, making it one of Europe’s busiest. It also provides nonstop flights to over 250 destinations worldwide, making it an excellent gateway for overseas travel.
Aside from terminals and runways, Istanbul New Airport provides travelers with a variety of amenities and services. Duty-free shopping, restaurants, lounges, hotels, and car rental services are available. To help relieve the stress of long-distance travel, the airport also has a gymnasium and spa services.
The significance of property investment near the Airport
Because Istanbul is on the European side and the new airport is one of the busiest in Europe and the world, it is the ideal setting for property investors seeking to take advantage of possible new ventures. The region has seen a huge boom in real estate investment since the new airport opened.
With a flourishing population base, quick access to main roads, railroads, and air travel, as well as a close proximity to major transportation hubs, the area surrounding Istanbul’s new airport is experiencing a massive influx of investment and development. With a wide range of commercial and residential choices available, investors will benefit from both short-term rental returns and long-term capital gains.
The region is also supported by a robust infrastructure and a large number of public amenities. This covers everything, from parks and shopping centers to schools and hospitals. To maximize returns for investors, this level of facilities will aid in luring more tenants to any local rental property investments.
The economic effects of Istanbul Airport
Istanbul Airport is anticipated to have a massive effect on the Turkish economy. The $12 billion project is anticipated to increase Turkey’s Gross domestic product by up to 2% annually and generate more than 200,000 jobs.
Additionally, the new airport will lower the price of air travel within Turkey. As a result of increased competition among Istanbul-based airlines, it is anticipated that costs will decrease for travelers. This could then result in an increase in business trade and tourism chances with other nations. This would further the economy’s economic growth.
