ISTANBUL - THE INVESTORS CHOICE
The investment potential of Istanbul
Prices are starting to climb
in Istanbul as more investors are choosing to buy property in this beautiful and
historic city. Currently, there are prices as low as £35,000 for a
one bedroom apartment on one of the new developments just 20 minutes from the city centre offering a whole range
of facilities including parks, pools, university, hospital and shopping.
Istanbul stands out from the crowd as giving the best property investment opportunities in Europe offering low risk and high growth. Previous investors have seen a growth of 42 percent since February last year and those fortunate enough to have bought in Istanbul three years ago reaped rewards of up to 85 percent on both residential and commercial property, with both markets offering fantastic returns.
Price Waterhouse Coopers and the Urban Land Institute (ULI) named Istanbul as Europe's top performing hotspot for overall growth and for capital returns last year. The reasons behind the growth of the property market in Istanbul are based on solid facts of supply and demand, population growth and availability of finance, i.e. real social factors as opposed to the speculative factors that are so often given for many other property markets.
To relieve congestion problems in the city centre, there are now many suburbs springing up on the outskirts where the main investment potential of Istanbul lies. These suburbs will house 'satellite towns' which will include all the facilities you could possibly require for modern day living -- shopping centres, sports, cinemas, hospitals, schools - yet most are only 20 minutes from the centre of the city. Some of these new developments, such as 'Larasu' in Buyukcekmece, are so sure of the investment potential of property in Istanbul, they are offering guaranteed price increases of 35 percent or more, making investing in these new towns an extremely attractive prospect.
The new mortgage options in Turkey are set to transform the market over the coming decade, with housing loans currently constituting only 5 percent of consumer debt in Turkey as opposed to 50 percent in established European states. With mortgages now available for off plan property, demand for property in Istanbul is increasing rapidly from both foreign and national buyers.
Istanbul Properties
The investment potential of property in Istanbul is immense and few areas around the world have more to offer. Anyone with the foresight to buy property now is bound to reap rewards both from price increases and the rental market.
Larasu, Istanbul
'Larasu' is a five star luxury development of off plan apartments with a 35% income guarantee at completion.
A range of 1, 2 or 3 bed luxury apartments located right on the coastline of one of the most beautiful bays in Turkey, Buyukcekmece Bay, to the West of Istanbul. With a whole host of facilities including pools, fitness centre, sauna, shopping and much more, Larasu offers a fanastic opportunity for investors to get on the Istanbul property ladder whilst prices are still affordable. Backed by two major Turkish banks and with excellent rental opportunities - Prices from £59,990.
'Larasu' apartments, Istanbul >>
Akkoza, Istanbul
The Akkoza Development is another 5 Star
development located in Bahcesehir a suburb on the western edge of
Istanbul. Bahcesehir means 'garden city' and this is reflect
in the theme of Akkoza which is based on Central Park NY.
The development, which has only recently been marketed to foreign investors, offers unrivalled state of the art sports and leisure facilities including: Indoor and outdoor swimming pools, sports club, tennis club, indoor and outdoor shopping complex, festival park, childrens park, covered car parks, cinema complex, football and basketball courts. The properties consist of 1 - 5 bed beautifully designed apartments and penthouses. Prices from £45,000.
Pelican Hills, Istanbul
Pelican Hills is an off plan developmentof beautiful luxury villas with build sizes
of 350m2 and upwards, and is Turkey's largest themed project. The villas
will overlook the Marmara Sea and Büyükçekmece Lake, and are set amongst wide
boulevards, with parks, trees and plants imported from many parts of the
world.
The development will include 520 villas in 8 different models spread over 1,500,000 m2 of land which will include 25,000m2 of green area and facilities such as fitness Centre, Aerobic and Yoga studios, Spa centre, massage rooms, tennis courts, squash courts, swimming pools and Turkish baths. Prices from: £560,000
There are many more new developments in Istanbul to choose from, all offering similar investment potential to those above. For those interested in getting the highest returns from a property in Turkey, or require mortgage advice, please contact us - enquiries@hotpropertyturkey.net
More property for sale in Istanbul >>
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For further information or advice on buying property in Turkey, please contact
Debbie
HOT
PROPERTY TURKEY