Istanbul_City_Apartment-Asia

Type: Apartment
Company: Property-Venture
Price: £ 25,750.00 Exchange rate used at date of posting

Are you looking for strong investment returns in an up-and-coming city of tomorrow? Want decent yields of 7% or above, as well as capital growth of between 10 and 25%? Then investing in these apartments in the Asian part of Istanbul could be for you

Istanbul and Turkey property market

Since June 2003, when Turkey liberalized its property market for foreign buyers, over 5000 foreigners have purchased property in Turkey. The property prices in Turkey are still significantly lower than other European destinations. But as Turkey is becoming an increasingly popular place to visit, or buy a holiday home, because of its great climate and property investing potential, upward pressure on prices are starting to take hold.

There is also increasing interest among investors in Istanbul, a city steeped in tradition and heritage dating from the Ottoman Empire (when it was Constantinople). It has attracted visitors interested in history and culture through the ages, as it occupies a unique spot, where East meets West, where Europe meets Asia, divided only by the Bosphorous river. 

Turkey is an economic success story.  In 2011 its economy is expected to continue to grow at 8%, the rate of growth it experienced in 2010. As an economy grows, the wealth generated will have a positive impact on the property market.

From a property perspective Turkey is an exciting market to consider in 2011/12. In Istanbul, yields can be as high as 7%-10%.

A leading Global Management Consultancy, in its report on economically powerful cities, includes Istanbul in the top 25 city rankings for 2025 on a number of dimensions: as a city whose average, annual, household income will be over $20,000, whose population will be youthful (a high proportion below 15 years of age) and with a sizeable population (over 10m, which it already is). It sees Istanbul as a city of tomorrow.

The development is located on the Asian side of Istanbul and is near Sabina Gökçen Airport. There is currently a new metro (M4) being constructed with additional stations, which will also extend to the airport. The Marmaray Tunnel ( a rail tunnel under the Bosphorous) is being built to connect Asian and European-side metro stations and is shortly to enter service, with latest estimates at 2012. This will undoubtedly have a positive impact on the property prices in thise area.

This development

• Communal swimming pool
• Children's swimming pool
• Fitness centre
• Basketball court
• Tennis court
• Childrens Park
• Car parking area
• 24 hour security

     

Local Price: TRY 65,000 Original currency - used to convert to £
Property Build: New Build
Country: Turkey
Turkish town of: Istanbul
Inland-Coastal: Inland
House Size: 55SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Air Conditioning
• Double Glazing
• Parking
• Tiled Floors
• Family/Rec Room
• Kitchen Appliances
• Balcony/Terrace

Community Features:

• Buses
• Shops
• Child Play area
• Gym
• Outdoor Pool
• Tennis

Reference Number: PV70013
Property Category: Residential
Investment Category:

• Buy to let Property
• Investment