Istanbul’s growing real estate market - The Evening Standard
2013-01-21 01:27:36
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 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.