Istanbul property is now tipped as the place to invest for 2010. Istanbul is said to be the gateway from west to east and as so can offer western society and security as well as the promise of the east’s captivating cosmopolitan culture and vibrant environments.
The newest Emerging Trends in Real Estate Europe Report recently released by PWC and the Urban Land Institute ranked Istanbul, European Capital of Culture, number 1 in City Development Prospects in 2010.
property investment in Turkey has been attractive for the past few years now but a high percentage of the developments and marketing in the overseas property industry was focused on more holiday lifestyle homes on the Med for example and has investors from all over the world.
This non eurozone country has benefitted from its attractive weather, stunning Aegean and Mediterranean coastlines, low cost of living and ease of access from the UK with 73,000 overseas nationals (Turkish Statistical Institute) already calling Turkey home.
We would like to highlight that Turkey’s property boom is also due to rapidly growing cities such as Istanbul where the significant Istanbul property market deficit presents opportunity.
As Managing Director of Experience International, Steven Worboys, comments,
“The success of the Istanbul property market is a simple matter of supply and demand. Due to the fast growth of the city (some 400,000 new inhabitants arrive each year to work or study) the existing housing stock has reached capacity. It is estimated that 250,000 new homes per annum are required until 2015 according to the Real Estate Investment Trust Association to meet the demand generated by foreign as well as domestic investment.”
Istanbul is the established economic powerhouse of Turkey, with some of the most attractive investment opportunities in the world.
Crystal Heights Istanbul
Crystal Heights is an apartment block of 337 luxury contemporary styled 1 & 2 bedroom apartments and duplexes and a great example of one of the latest and most interesting Istanbul investment properties available. Investor can get involved for as little as a ?13,500 outlay (fixed in sterling) when taking the 70% finance option. Crystal Heights provides a 2 year rental guarantee at 7% p.a. protected on completion in 2011 through collateral from the rental management company. Average rental incomes in Istanbul are very good and as the development is top quality and demand in high investors can expect similar if not higher rental incomes from the properties after the first 2 years guarantee.
For more information about this development and to download a free invester report please visit www.istanbul-property.com.
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.