Featured in the UK newspaper The Evening Standard on the 21st of January 2013, this article is written by Cathy Hawker and investigates into the Istanbul real estate market and why it has stood strong during the recession and continues to deliver growing prices and strong profits for investors in Istanbul.
With many global buy to let markets having spiralled downwards since the 2008 global economy struggles, Cathy argues that the buy to let market in Istanbul is as strong as ever with a superb economic outlook for the foreseeable future – Turkey’s biggest city and the business hub between the East and the West will continue to perform well and deliver strong results.
With Turkey reporting a strong 8.9% GDP growth rate in 2011, and a strong performance in 2012, coupled with the fact that inflation is under control and strong finance markets – Turkey is emerging as the Euroasian Tiger as called by some; with Istanbul sitting atop of all of this.
Featured within the article is a client who purchased a property in Istanbul with the assistance of Property Turkey. Altan Halil purchased a one-bedroom apartment in the Beyoglu area of the city and renovated it to a high standard – all for the modest price of £100,000. The article showcases the successful rental of the property since being purchased, returning a healthy profit for Altan.
Noted within the article, are the upcoming and emerging suburbs within Istanbul – the next areas for investment. Cathy suggests that those who invest in Bahcesehir on the European side of the city will stand to receive a health profit on the properties in years to come. For a selection of investment properties in Istanbul, give Property Turkey a call now, or see our Istanbul real estate section of our website where we have several hot properties primed for investors including homes with rental guarantees in place.
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.
Located in a residential area of Fethiye, this brand new designer villa is found in Ciftlik and has its own private garden with large swimming pool to enjoy – this property is just minutes away from the nearest town centre and all daily amenities.
Minutes away from Taksim Square and the Bosphorus Sea, this penthouse-style apartment is located in the heart of Bomonti in Sisli area of Istanbul and forms part of a prestigious site with 5-star services to use.
Built to exceptional standards throughout, these mansion-style villas are located in an elite area of Yalikavak with panoramic sea views stretching endlessly – these are some of the most impressive that you will find in Bodrum.