Online Calculator | 2010′s property hotspot, Istanbul, Turkey

2010′s property hotspot, Istanbul, Turkey

Istanbul property is now tipped as the place to invest for 2010. Istanbul is known as the gateway from the west to the east and as so can offer western society and security as well as the promise of the east’s intriguing cosmopolitan culture and exciting environments.

The latest Emerging Trends in Real Estate Europe Report recently released by Price Waterhouse Coopers 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 popular and profitable for the past few years now but a high percentage of the developments and marketing in the overseas property industry was more orientated towards the holiday lifestyle homes on the Mediterranean coast and has been attracting a lot of overseas property buyers from around the world. Turkey has capitalised on its attractive weather, stunning Aegean and Mediterranean coast, 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 rapid growth of the city (some 400,000 new residents 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 now establishing itself as the economic powerhouse of Turkey, offering some of the most appealing 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 newest and most interesting Istanbul investment properties available. Investor can get involved for a low cash outlay of only £13,500 (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. Rental incomes in Istanbul are attractive and because of high demand combined with the quality of Crystal Heights mean investors can expect similar if not higher rental income from the properties after the first 2 years guarantee.

To find about Crystal Heights and to download your complementry invester report please visit www.istanbul-property.com.

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