Istanbul property investments, Turkey

Bearing in mind its growing industry, young population, booming property market and highly skilled workforce, all roads are clearly leading to Istanbul, and while its profile had a welcome boost last year when it was labelled as the City of Culture 2010, a title that often indicates economic prosperity and development, this was not an isolated sign.

A recent Investopedia report, that appeared on Yahoo!, revealed that the Organisation for Economic Cooperation and Development (OECD) has calculated that Turkey imposes the second lowest tax burden on individuals and businesses, which has only strengthened its position as the ideal city to attract forward-thinking and growing businesses. According to the OECD report Turkey is "the second-lowest taxed country behind Mexico with a tax to GDP ratio of 23.5% and is the world's 16th largest economy".

Istanbul is also making waves in the financial sector of Turkey, and has recently been identified by Huseyin Erkan, president of the Istanbul Stock Exchange (ISE), as being on its way to becoming "the region's financial centre". But businesses should not assume that they will be leading the way by making good use of the opportunities that Istanbul and Turkey provide, because many well-known companies are already establishing themselves in this apparent land of opportunity. Coca-Cola, Bosch, Vodafone and Shell all have bases there, while US car manufacturer Ford has an Istanbul plant. These massive organisations are already finding a huge amount of value in tapping into Turkey and Istanbul's thriving economy, which incidentally is showing no signs of weakening.

And, such is the world of business, as more and more companies locate in Istanbul, demand for property in the area booms at the same time. Demand for office space and corporate quality accommodation is already outweighing supply levels, so even more opportunities are being presented for investors who are keen to jump into this rapidly spinning virtuous circle.

The idea of an Istanbul property investment has excited more than a few investors who have seen the level of demand for high quality hotel room rentals sharply rise, and one development attracting much interest is The Elite Perla Palace. The Elite Perla Palace will house a range of one-bed, two-bed, and three-bed apartments in luxurious surroundings that can cater for corporate stays.

The key attraction here for investors is in its location, under three kilometres from the Sabiah Göçkcen Airport (on the Asian side), and close to thriving industry hot spots like the developing site of science and technology park, Teknopark Istanbul. The location is ideal for business people, something that the developers are well aware of, because The Elite Parla Palace will be fully equipped to handle the everyday needs of busy business visitors. Luxury restaurants and cafes, a business centre, a health and wellness centre, and every other comfort that corporate travelers would require during their stay.

And, according to PwC those looking to make an Istanbul property investment, will benefit from an economy that is moving from strength to strength. The firm said of Turkey and Istanbul: "The long-term economic prognosis for Turkey generally, and Istanbul specifically, is extremely positive."
Article Submitted by: http://www.istanbulpropertyinvestment.com

.. . . . .

See Investment Property in Istanbul for Sale>>