Online Calculator | Five Factors To Consider Around An Istanbul Property Investment

Five Factors To Consider Around An Istanbul Property Investment

Out of adversity often comes opportunity, and as many of the world’s economies emerge from a tricky recession, the forward-thinking property investors have already noticed that an Istanbul property investment provides the perfect opportunity to gain a fast return.

Adding to this claim is PwC, who has said that “the long-term economic prognosis for Turkey generally, and Istanbul specifically, is extremely positive…investors rank Istanbul first for development”.

Istanbul’s rapidly improving economy has meant that demand for high-end property is rising and rising, and with more businesses setting up in Istanbul and what will be among the largest science and technology parks in Europe and The Middle East, soon to open, the opportunities continue to be huge.

However, there are many other reasons why an Istanbul property investment will offer a good return, and these are outlined below:

1. The Istanbul economy is growing at a rapid pace, GDP averaging 7, it is one of the fastest growing in the world.5% per annum over the past five years

2. With the 15th largest economy in the world, “the downturn in Turkey resembled a ‘V’, rather than a ‘U’”, which indicates a far stronger and faster return to economic growth than neighbouring European countries

3. Istanbul won Capital of Culture for 2010, an award that has long-standing connections with considerable cultural, social and economic growth and proves that now is the right time for an Istanbul property investment.

4. Istanbul, ranked number 1 for “Development Prospects”, out-performed European cities like Muich, Hamburg, Warsaw and London as ideal property investment opportunities in a 2010 report

5. Sony Ericsson, Microsoft and Coca Cola have all found value in Turkey and Istanbul, bringing with them employees and corporate travellers looking for office space and accommodation.

These five reasons show why Istanbul provides the perfect opportunity today for investors, a rapidly growing economy is bucking the trend in terms of the world markets, and investors should be seriously thinking about how they can move forward alongside Istanbul, not behind it.

Copyright: Istanbul Property Investment 2011

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