The Financial Times featured article on the Istanbul real estate market. The article was written by Bruce Miller and was published on the 18th of November 2011.
The article focuses around the recent scheduling of construction set to begin on the tallest tower in Istanbul – billed as Europe’s tallest tower and highlights the scope of Istanbul’s ambitions to become a commercial capital in the world, linking the East with the West.
The building has been designed to capture public imagination and symbolises the ambition of Turkish real estate – the scale of the project is so vast, it is clearly intended to impress.
The article mentions a recent feasibility study by Deloitte Consulting for the Banks Association of Turkey that concluded that Istanbul would join London, New York, Shanghai, and Tokyo as one of the top five leading global financial centres by 2035.
The article features Property Turkey Director, Cameron Deggin who stated that high rise apartments in Istanbul have become increasingly fashionable over the last few years – especially luxury modern Manhattan-style apartments.
Couple this with the recent tourism boom in Turkey, and it is easy to see why Istanbul real estate is performing so well. Real estate in Istanbul will certainly achieve high rental yields for investors.
Cameron Deggin notes in the article the recent trend of highly wealthy Middle Eastern investors willing to spend millions looking for classic Ottoman Yali’s along Istanbul’s Bosporus Sea for up to 20 million Euros.
Bruce also includes an interesting buyers guide to Istanbul, featuring numerous pros and cons about buying property in Turkey’s biggest city that is well worth a look.
Also featured is a short guide as to what you can get for your money in Istanbul, whether you have £100,000 to spend of £1,000,000 – there is plenty of options available in Istanbul.
To read the full article featured in The Financial Times, please click here.
Built around a unique U-shaped courtyard, this villa has been custom-designed and is nestled in a peaceful neighbourhood of Buyukcekmece in Istanbul – ideal for those looking for added privacy away from the city centre.
Designed by an award-winning British architect, these outstanding sea view properties feature an on-site marina and other social facilities and form one of the most complete residential complexes in the city today.
Built in partnership with a worldwide hotel chain, these outstanding beachfront properties enjoy magnificent open panoramic views across the sea and are just minutes away from a private bay and excellent on-site social facilities.
Completely furnished as seen and ready to move in immediately, this designer property is located in the Ortaalan area of Kalkan and is just a short walk away from the town centre full of life and things to do daily.