Online Calculator | Why Today Is Right For Your Istanbul Property Investment

Why Today Is Right For Your Istanbul Property Investment

For property investors keen to make a healthy return on their investment, there is no better place to look than an Istanbul property investment, where hotel rooms are currently offering high yield and are in high demand.

This City of Culture for 2010 offers all kinds of opportunity, but making an Istanbul property investment into a hotel room, which is kind of like a buy-to-let scheme but in a luxurious hotel where the management arrange the leasing of the room throughout the year, is where the smart money is being shifted today.

So, why does Istanbul present such opportunity today for hotel room investment? Firstly, Turkey is an investor’s dream simply because it has recently been linked with the fast-recovering BRIC countries. With business and tourism booming, the Istanbul hotel market is struggling to cope with the huge demand. So much so that development are being built right now and one of the city’s airports has had to build a new terminal to deal with the added custom.

However, even more crucial is the development of what will be one of the largest and most important science and technology parks in The Middle East and Eastern Europe. Soon to attract projects and interest from across the globe is the Teknopark Istanbul, which will be a hub of industry.

And, don’t forget the impact that being names The City of Culture 2010 can have on an area, it puts a city on the map in terms of prosperity and long-term growth – and always attracts the eye of keen property investors.

But investors like to hear stats, and the currently under-supplied hotel market certainly has the figures to back up the developments. Last year showed occupancy levels of hotel units back to their pre-recession best of around 71.8% (according to STR Global) and while the economic recovery continues in other areas of the world, Istanbul remains streets ahead, gaining more and more strength in the property market.

The benefits of making an Istanbul property investment into a hotel room development are clear, because not only is the time right, but the demand is high and the long-term outlook for this growing city and Turkey itself is incredible.

Copyright 2011: Istanbul Property Investment

Filed Under Online Calculator | Leave a Comment

Tagged With

Comments

Leave a Reply